I don’t know if maybe you noticed, but this is playing out exactly like I said it probably would. In fact, I’m not sure I’ve ever been quite this right in terms of the direction things seem to be headed. No, stocks haven’t plunged (yet), but what you’re seeing is the reflation narrative dying on […]

Washington is once again massively screwing up the American sugar market. Because American farmers cannot compete with foreign sugar growers, the federal government has maintained an array of sugar import quotas and/or tariffs for most of the last 200 years. The regulatory regime has provided windfalls for generations of politicians and jobs for legions of […]

In my more than 35 years of investing in hard assets, precious metals and mining, I’ve learned to manage my expectations of gold’s short-term price action. Sure, there have been surprises along the way, but generally, the yellow metal has behaved relatively predictably to two macro drivers, the Fear Trade and Love Trade. Last year, […]

Markets and sentiment did not do too well in Asia today after the decline in the oil price yesterday. Energy stocks were hit as were commodity relations as we saw mixed data out from China and weaker JPY. China released better than expected Producer Price Index but was countered by slower than expected Consumer Prices. […]

The main reason why the stock market fell Wednesday was because of a 5.38% decline in WTI oil. My prediction for oil prices to fall is because of a high amount levered long trades and high inventory levels finally began to come true. My thesis has been that oil prices falling to the high $30s […]