Silver has a split personality: it is both an industrial and a precious metal. We examined this dichotomy in early February when gold and silver were heading in different directions and issued a buy recommendation… Read More
Prepare Your Portfolio for Volatility
2024 is shaping up to be another volatile year. We expect global climate change will continue to deliver more “historic” weather events, some of which could impact food supplies. Wars in Ukraine and Gaza could… Read More
Silver for Pennies-on-the-Dollar
Silver is a troubled metal. Stuck in a wide trading range since hitting $30.35 per ounce four years ago, silver is miles away from its all-time high of over $49 per ounce set by the… Read More
Get a Handle on Volatility: Diversify Your Portfolio
We live in volatile times. 2023 looks to be the hottest year on record. Historic droughts and “100-year” floods are almost commonplace, threatening global food supplies. The Russian blockade and destruction of Ukrainian ports are… Read More
Quiet Gas Market Is Not Natural
Volatility is the natural state for natural gas. Gas rallied 81%, declined 55%, rebounded 41%, and then declined another 80% in just nine months (June 2022 to February 2023). Its failure to do much in… Read More
Silver for Pennies-on-the-Dollar Update
“Why would anyone want to buy silver or gold, given their failure to rise in this inflationary environment?” We asked this question in the previous version of this report last September. Inflation should have made… Read More
Get Ready for a Rally in Crude Oil
Crude oil is volatile. It exploded 44% in the two weeks following Russia’s invasion of Ukraine and then declined 28% in the two weeks after it. Crude sold off sharply with the first announcement of… Read More
Silver for Pennies-on-the-Dollar
Silver is known as “the poor man’s gold” because it has always been cheaper and more abundant than its yellow cousin. You will find approximately 19 times more silver in the earth’s crust than gold…. Read More
Treasury Notes Overdue for a Bounce
The current collapse in 10-year Treasury notes and the accompanying explosion in yields is breathtaking. We’ve been trading futures and options since 1984. We cannot remember seeing anything like this in what is typically a… Read More
Euro Is on Sale
Heading to Europe this summer? You may be in for a pleasant surprise; the euro is on sale. At just 109.00 to the dollar, the euro is approaching lows made during the 2020 Covid collapse…. Read More