Around the world, governments are shifting onto trade war footing.When preparing for financial warfare, nations aim to become as self-reliant as possible. In agriculture, manufacturing, refining, mining, drilling, and more.The stronger a nation is in these areas, the stronger its negotiating position will be.America is doing decently well when it comes to preparation. Under Biden, we fell behind i...Read More

Silver has ripped 40% higher over the past year. It currently trades at $34.33 per ounce.Despite the healthy price action, the thought of selling hasn't crossed my mind.Today I will lay out the case that silver could triple to over $100/oz over the next few years.When pondering how high silver could go, historical prices are a logical place to start. To do so properly, however, we need to account...Read More

"Will we have a recession?" was the question.My answer was... Yes, count on it.And to give away the punchline, prepare now for rough seas ahead, so to speak. Take some money off the stock market table, stash cash, lighten up expenses, throttle back generally, and own gold and silver for the long-term.Here's the background...There Are Recessions, and "Recessions"During the 1980 presidential campaig...Read More

Is your Tesla making you a target?We've written in the past about certain dangers associated with Tesla cars and the Tesla Cybertruck that are in addition to the driving hazards common to all automobiles. These include fires caused by the spontaneous combustion of powerful batteries. There have been many cases (usually well-publicized) of a Tesla seemingly burnt to a crisp due to an unaccounted-fo...Read More

After 3 terrible years of fighting, the war in Ukraine may finally be nearing its conclusion.Last week Presidents Trump and Putin had a 2+ hour phone call which apparently went well. Both leaders expressed a strong desire to end the war, and more than that, expand bilateral relations.On the battlefield, Russia is on the verge of pushing the last of Ukraine's forces out of its Kursk region. It is a...Read More

On Monday, we offered readers the following forecast of what would happen at the FOMC meeting this week:On Wednesday, the Fed will continue its pause in interest rate cuts. That decision will leave the federal funds target unchanged at 4.50%. The Fed's current rate lowering cycle began with a 0.50% rate cut on September 18, 2024, followed by additional rate cuts of 0.25% each on November 7 and Dec...Read More

Every once in a while, the "cheese-eating surrender monkeys" produce a genius of rare quality. That person is Alain de Benoist. De Benoist is clear-eyed about the present and future and worth a listen.A leading figure in the French New Right, de Benoist described to Breizh-info.com the resurgence of Donald Trump’s power as a major geopolitical upheaval, second only in his lifetime to the col...Read More

Since taking the helm at Berkshire Hathaway in 1965, Warren Buffett has compounded capital at about 20% per year.That's almost double the annual return of the S&P 500, which over 6 decades equates to a shocking 120x total outperformance. This is the incredible power of compounding.Buffett built his fortune the old-fashioned way. He bought quality companies on the cheap and sold them for substa...Read More

Today, we'll discuss gold, which recently crossed the historic threshold of $3,000 per ounce. There's more price upside over time, I believe, for both the metal itself and definitely for mining companies. That is, even at this new high, and seemingly lofty price, the yellow metal strikes me as dramatically undervalued.But first, before we get into gold let's discuss a high tech darling, beloved by...Read More

Tesla shares are now down more than 50% from their all-time high. And as I write this, shares are down about 4% on the day.In the midst of this market chaos, yesterday a friend texted me, saying, "I'm thinking about buying more Tesla here."Historically, big pullbacks in Tesla have turned out to be excellent buying opportunities. But I had to tell him that I don't believe the risk/reward is favorab...Read More

Over the course of COVID, the U.S. government spent absurd amounts of money to prevent a total financial collapse.At least $4.6 trillion was pumped into the economy in the form of stimulus checks, forgivable loans, tax breaks, and healthcare spending.For the past five years, we've been coasting off of this stimulus. But now, the effects are finally beginning to wear off.And it's showing up in the...Read More

For decades, we gold bugs have whispered about a grand conspiracy.The theory is that governments and central banks have suppressed the price of gold and silver. The purpose of this manipulation would be to prop up fiat currencies by limiting the gains in precious metals.After all, if gold and silver are flying higher, it makes fiat currencies look bad by comparison.The best evidence of such a sche...Read More

We're talking about betrayals.Disappointment.Faithlessness.Markets Insider:Another red day on Wall Street: Trump’s latest tariff threats bring the market-cap wipeout to $5 trillion.How do investors feel? They expected a big boom. They thought they'd get rich.Disappointment seems to be spreading. Polls of CEOs and consumers show deepening pessimism. AP:Inflation, looming trade war take a toll...Read More

The stock market has topped out and is headed down.The Dow Jones Industrial Average peaked at 45,014 on December 4, 2024, and was at 41,911 by March 10, 2025, down 3,101 points or 6.9% in just over three months.The S&P 500 Index peaked at 6,130 on February 18, 2025, and was at 5,614 on March 10, 2025, down 516 points or 8.4% in less than one month.The NASDAQ Composite Index peaked at 20,174 on...Read More

A while ago, I wrote that Donald Trump embodies both mercantilism abroad and libertarianism at home. My views have evolved. After nearly two months of Trump 47, I'd add another layer to the mix: fascism.Now, before you hurl your phone across the room, let me clarify I'm not parroting the looney left who slap "fascist" on anything they don't like. I'm talking old-school, Il Duce fascism, which is...Read More

Recession signals are becoming hard to ignore.On Monday, JPMorgan economists raised their risk of recession to 40%. Big banks are typically bullish to a fault, so this is noteworthy.Meanwhile, a recent poll revealed that more than half of Americans have less than $500 in savings.And Walmart CEO Doug McMillon just made worrying comments about consumer behavior. From his recent speech at the Economi...Read More

Headlines blamed yesterday's crash on Trump. It's the tariffs!But I have a much simpler explanation: U.S. stocks have never been so overvalued. With stocks trading at nosebleed valuations, almost anything could catalyze a crash.Sure, tariffs played a role, but the underlying problem is the bubble itself. American stocks are priced for perfection, so anything less than that is bound to disappoint.I...Read More

Not long ago, I had lunch with someone who currently has over $100 billion (yes, billion with a "b") outstanding on capital projects.Through his contracts and spending power, this guy buys steel by the tens of thousands of tons. Along the way, he moves aluminum and copper markets. Beyond basic metals, he procures train cars filled with machinery, electrical equipment and much else.Indeed, this man...Read More

In 2000, Sun Microsystems was one of the hottest stocks in the world.Sun seemed to have everything going for it. They were a leader in computer hardware, and offered cutting-edge software solutions. They were an integral part of the fast-growing internet ecosystem.Shares soared from $5 to $64 at the peak in 2000. The company's market cap reached $200 billion, and the price/sales ratio reached 10x...Read More

Of greatest interest to us among Donald Trump's long list was his promise to balance the budget."And in the near future, I want to do what has not been done in 24 years: balance the federal budget...We are going to balance it."Many are the minor issues, imbecilities and annoyances of modern American government. But a $36 trillion debt is something else. If we don't stop the smoke; we'll see the fl...Read More