What strange timeline are we living in?Over the holiday Elon Musk sent the gold world into a frenzy.The madman openly questioned whether Fort Knox's gold was still there.Source: XIn his post Elon referenced a separate note from Senator Mike Lee (Utah Republican):As a U.S. senator I've tried repeatedly to get into Fort KnoxFort Knox: "You can't come to Fort Knox."Me: "Why?"Fort Knox: "It's a milita...Read More

As we all know, the US is headed for a fiscal crisis. Like having a 'heart attack,' says Ray Dalio.The only way to prevent it is to make dramatic policy changes now not just to 'improper payments' to federal bureaucrats, but also serious cuts to the firepower industry.Possible? Here's Barrons:Trump Sends Shockwave Through Defense Stocks, Says Military Spending Could Be Halved“At some point...Read More

Jim Rickards' best-selling 2011 book, Currency Wars, was prophetic.He painted a stark picture of the flaws in the modern paper monetary system, warning that "a new crisis of confidence in the dollar is on its way."Although the U.S. dollar has been strong against most other paper currencies for years, it has weakened dramatically against gold.Most people think of gold as a derivative of the U.S. do...Read More

A constant stream of Boeing 737s packed full of gold are flying into America.Much of the bullion is coming from London, where the Bank of England (BoE) is having some... issues delivering its customers' gold.BoE is a major gold depository which claims to hold more than 5,000 metric tonnes of gold in its underground vaults. The precious metal is held for both central banks and commercial groups.But...Read More

It's game on for the trade wars.After months of threatening tariffs on U.S. trading partners during his 2024 presidential campaign, Trump has now taken definitive action on that front. Let's review.The BeginningOn Saturday, February 1, Trump announced that the U.S. was imposing 25% tariffs on all goods imported to the U.S. from Mexico and Canada (with the exception of Canadian energy, which was ta...Read More

I'm not an oilman, but I write about resources often enough.For a paper finance major, geology was a major blind spot. I haven't taken an earth science class since junior high school or a chemistry class since my sophomore year in college. And yet, so much of the world's business depends on resources.Luckily, my current crop of students is far more conservative than most of its predecessors. I use...Read More

In 2008, the U.S. government entered into a strange relationship with one of America's largest companies.It was about to go bankrupt.And... the government swooped in to save it. All at the taxpayer's expense.Fast forward to October 1, 2024…This same company?It is now America's LARGEST company based on the assets it holds on its balance sheet.It manages a $4 trillion portfolio.The company its...Read More

It's a trader's market.While the major averages chop along, the frothiest stocks in the hottest industries continue to defy gravity and soar to incredible gains.Many of the bubblier themes that exploded higher following the election have consolidated their gains in an orderly fashion. Some are even extending much higher as new money flows into the strongest themes.While the S&P 500 has clocked...Read More

You have a choice...You can either own Stock A that's down 10% on the year amid negative headlines. Or you can own Stock B trading at record highs with a 17% return year-to-date.Perhaps it seems like a no-brainer. I prefer to buy strength and sell weakness, so I know I would take Stock B any day.Headlines aside, Stock A's near-term drawdown puts it at a disadvantage right off the bat. Plus, I find...Read More

American steel producer Cleveland-Cliffs (CLF) skyrocketed 15% higher in trading earlier today.Century Aluminum (CENX), also based in the U.S., has jumped 10% higher as I write this.And United States Steel Corporation (X) moved up 4% by midday.These moves were a direct result of President Trump's new 25% tariffs on steel and aluminium imports, which were announced over the weekend.This is what we...Read More

The silver market has always fascinated me, particularly because of its dual role as both a precious and industrial metal. What many don’t realize is that we’re heading into what could be the most significant silver bull market in history – one that could make the 1970s look like a mere preview. Let me tell you why, but first, let me share a revealing story from my time at Sprott...Read More

Canada's exports to the U.S. make up more than 20% of its GDP. This is an absurdly large number. Only Mexico is more dependent on trade with America.Over the past decade America's trade deficit with our northern neighbor has soared higher. They're selling a ton of goods to us, but aren't buying nearly as much.President Trump doesn't like this. He has not only threatened 25% tariffs, but also to ab...Read More

In the very near future, cutting-edge semiconductors will finally be made in the U.S.TSMC's new $40 billion Arizona plant will soon be producing 4 nanometer chips, which are on the edge of what's possible today.The company is reportedly in talks with NVIDIA to produce top-end GPUs at the facility. By 2028 the plant is expected to be producing 2 nanometer chips, which are the smallest and most adva...Read More

Love? What in the name of Bill Bonner are you writing about, Seanie?Well, I found JD Vance's smiting of Rory Stewart on X too delicious not to write about. And it explains much of the mess the Western world finds itself in.But before I proceed, let me introduce you to some of the best philosophers I know and explain why Vance was right from a common-sense and Catholic perspective.The great Catholi...Read More

It's game on for the trade wars.After months of threatening tariffs on U.S. trading partners during his 2024 presidential campaign, Trump has now taken definitive action on that front. On Saturday, February 1, Trump announced that the U.S. was imposing 25% tariffs on all goods imported to the U.S. from Mexico and Canada (with the exception of Canadian energy, which was tariffed at 10%) and additio...Read More

Editor's note: Today we're sharing an important article by Ron Paul. Dr. Paul has been fighting against the deep state for decades, and his perspective is invaluable. I would argue he laid the groundwork for the reforms we're seeing today. This article was originally published at the Ron Paul Institute for Peace and Prosperity.As of this writing, when you attempt to access the US Agency for Intern...Read More

Markets move pretty fast. If you don’t stop and look around once in a while, you could miss 'em.Ferris Bueller wasn't a trader (forgive me for adapting the iconic movie quote). But if Ferris ever had the urge to dip his toes into the markets, he'd probably have the perfect mindset to deal with this noisy, volatile news cycle.For the past two weeks, we've watched the same situation play out....Read More

It's time to end Biden's foolish war in Ukraine.This conflict has been one of the great tragedies of this century. Two nations who were once brothers turned against each other.Perhaps 700,000 soldiers have died, with another 500,000 wounded.Countless civilians have been displaced, and more than 30,000 have died. Cities and suburbs have been razed to the ground.Beside the substantial humanitarian b...Read More

During precious metal bull markets, silver tends to significantly outperform gold.But we haven't really seen that yet this cycle. Today we're going to explore why this is the case, and what it means going forward.Over the past year, gold is up 39%, and silver is up 37%. Don't get me wrong, both are doing very well.But it helps to get a historical perspective. Let's look at a long-term chart of bot...Read More

The new Trump administration is off to a fast start. All of the key nominations for the Trump cabinet and White House staff have been made, the Senate confirmation hearings (where needed) have mostly been held and some of the key positions have already been filled. Trump signed a large pile of Day One executive orders over the course of January 20 and 21 immediately after the inauguration. More ex...Read More