It didn’t seem possible this time last year but, yes, $2020 gold is no longer a “pie in the sky” number. The adage “good as gold” actually means something again. Gold is currently the strongest… Read More
Sterling Brexit “Buy” Opportunity in the Euro
It’s official: the UK is leaving the EU. And while the agreement gives both parties a year to work things out, the way business is done in Europe will change substantially. Most of the speculation… Read More
Platinum Slices Through Our $1,000/oz Target
Last week was big for platinum group metals (PGMs). Stricter emissions standards in China proved to be the catalyst for a huge move in palladium. Palladium and platinum are critical components of catalytic converters. Catalytic… Read More
Will Pigs Hog the Spotlight in 2020?
“Bulls make money. Bears make money. Pigs get slaughtered.” You have undoubtedly heard this phrase before. Pigs do get slaughtered, but in pork-loving China and other parts of Asia there are not enough to go… Read More
Silver & Platinum: Loving the Laggards
Gold broke out to the upside on Monday, slicing through old swing highs of $1,565 per ounce, but silver and platinum are lagging. We do not believe this will last much longer. Gold is rallying… Read More
Gold Pops on Soleimani Assassination
The overnight assassination of Iranian Quds Force Commander General Qassam Soleimani in a drone strike ordered by Donald Trump has changed the game in the Mid-East. History is replete with examples of assassinations that provide… Read More
2020 Trouble Won’t Begin With Stocks
Impeachment? Stocks don’t care. All major indexes greeted Wednesday’s historic news with a giant yawn and then promptly rallied, focusing on low interest rates and slow but steady economic growth. Stocks show little of the… Read More
Corn Back in the Bargain Bin
Seven years of near-perfect growing weather combined with the ability of new variants of genetically-engineered corn to withstand higher temperatures and wetter conditions have been enough to match increasing demand. How much longer will these… Read More
Will Sleepy Markets Roar Soon?
What happened to volatility? We’ve been in the commodity business a long time and can’t remember seeing so many markets trading sideways at the same time. Has the 3rd impeachment of a US President sucked… Read More
Fractional Reserve Banking and Potential Trouble in the Bond Market
Simpler is often better when discussing topics like fractional reserve banking, so let’s keep it simple. Investors put money into a bank. If it is a savings account or a CD, the bank pays those… Read More