Seeing through the smoke

The last week has been extraordinary, even by the standards of these extraordinary times. A flurry of Executive Orders from the new President of the United States has thrown the global order into chaos and sparked outrage throughout the world. But he has only done exactly what he said he would do. There is nothing in the Executive Orders signed so far that was not announced during the Presidential campaign, repeatedly and to loud cheers from his many supporters. The President was lawfully voted in by the people of the United States on the basis of the promises he made […]

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China’s Mundell-Fleming Trilemma

The following is an excerpt from our weekly Market Brief. If you’re interested in learning more about Market Briefs and the Macro Ops Hub, click here. You’re probably familiar with the story of how Soros and Druckenmiller “broke the Bank of England” in 92’. The two bet against the pound believing that it couldn’t maintain its peg to the Deutsche Mark in the European Exchange Rate Mechanism (ERM). They were right. The Bank of England was forced to stop defending the peg and the pound plummeted. The Quantum Fund (Soros and Druckenmiller) netted over a billion dollars over the course of […]

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Keeping Your DUCs in a Row

OPEC producers are cutting production… or so they say. And in addition, several non-OPEC producers, like Russia, are also cutting production. If history is any guide we could do away with the titles and simply call the Organization of the Petroleum Exporting Countries, and the all rest, the Energy Liars’ Club. They often say one thing and then do another. Even Saudi Arabia’s Oil Minister noted that OPEC members have a history of lying to each other. I don’t care how they treat each other. I’m only interested in how their actions – not their words – affect the money […]

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Trump’s Trade Policy Likely to Drive Price Inflation and Gold Buying

Donald Trump’s trade policy is likely to spark higher consumer price inflation, and that has ramifications for gold and silver prices. Regardless of where investors stand regarding the president’s plan to make Mexico “pay” for the border wall, if he is successful in getting Congress to impose a hefty tax on imports it will mean higher prices for things. A tax on goods from China could be even more inflationary. Saying that higher import taxes are inflationary may be a statement of the obvious, but it is worth making given Trump’s recent promotion of a tax on Mexican goods. He […]

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The United States Is On The Precipice Of Widespread Civil Unrest

It doesn’t take much of a trigger to push extremely large crowds of very angry protesters into committing acts of rioting and violence.  And rioting and violence can ultimately lead to widespread civil unrest and calls for “revolution”.  The election of Donald Trump was perhaps the single most galvanizing moment for the radical left in modern American history, and we have already seen that a single move by Trump can literally cause protests to erupt from coast to coast within 48 hours.  On Friday, Trump signed an executive order that banned refugees from Syria indefinitely and that placed a 90 […]

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Super Low Fear Index Signals Dangerous Complacency; Stefan Gleason: Mistakes Precious Metals Investors Make

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear an interview with Money Metals president Stefan Gleason, who was a featured guest during the recent 360 Gold Summit. Stefan addressed the fundamental question of “why precious metals” and also gave some helpful tips on how to avoid making big mistakes when investing in gold and silver. Don’t miss this fundamentally important and enlightening conversation coming up after this week’s market update. Gold and silver markets pulled back this week, as the Dow Jones Industrial Average rose to hit a new milestone. On Wednesday, the Dow […]

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A Review Of Scott Fearon’s “Dead Companies Walking”

The following review is straight from Operator Kean, a member of the Macro Ops Hub. To contact Kean, visit his website here. Scott Fearon knows a thing or two about stocks —  especially when it comes to shorting them. His firm, Crown Capital, has averaged an 11.4% annual return since its inception in 1991. And fortunately for us, Fearon has shared his experience and insights through his book Dead Companies Walking: How A Hedge Fund Manager Finds Opportunity in Unexpected Places. Here’s a few key insights from Fearon: (I) “Frauds, Fads, & Failures” According to investor David Rocker, the 3 […]

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Will Cars Be the Death of Us This Time?

The shining star of the 2009-2016 recovery has been auto sales. We weren’t surprised. In fact, we saw it coming. After all, cars are the last large purchase people make before stepping quietly into their years of increased saving and decreased spending. From around the age of 57 to 64, one task takes center stage: save for retirement. In the durable goods sector, housing peaks first around age 40, then furnishings at age 46. Only automobiles continue to grow after the peak in spending at age 46. We’re in the midst of updating our consumer expenditure data. The biggest change […]

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Important tips: Precious Metals v. Mining Stocks

Most readers of this column own (or plan to own) physical precious metals – gold and silver, perhaps even some platinum or palladium. They may also own mining stocks. But which category is “best”? It’s like asking, “What’s the most efficient exercise?” or “What’s the best fishing lure?” Truth be known, it’s really about what you wish to accomplish! Here is my considered opinion… Precious Metals Offer Insurance First – Profit Second One should strongly consider holding physical precious metals for “investment first, profit potential second.” The primary function of “metals in hand” is to help offset the possible loss […]

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Is It Just A Coincidence That The Dow Has Hit 20,000 At The Same Time The National Debt Is Reaching $20 Trillion?

The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt.  On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars.  Is this just a coincidence?  As you will see, there has been a very close correlation between the national debt and the Dow Jones Industrial Average for a very long time. For example, when Ronald Reagan took office in 1991, the U.S. national debt […]

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