Beginning Of The End, But First A Bond Rally…
A recession (and bond rally) is oncoming, but first the stock market has to finish doing what it does... [edit] In the time it took to write this post the…
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September 5, 2025
Updating Gold Ratios To Cyclical Markets
Important gold ratios to markets that are more cyclical When gold rises again vs. these markets the counter-cyclical economic view will generally be back on. Gold has far more utility…
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August 27, 2025
Gold Is Revolution
Gold is revolution against an expiring system that is still limping along The expiring system (in progress for years, actual expiration date unknown) has limped along, through Fed (monetary) and…
August 21, 2025
It’s Jackson Hole Week, With Implications
Jackson Hole week is often used as a policy bull horn It is clear that the market is taking some froth off the top of several recently over-bullish areas (everything…
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August 20, 2025
Notes From the Rabbit Hole, #876
NFTRH 876 Market Talk At this point, far into the broad market recovery rally with gold stocks so close to the primary target (HUI 500+/-) I want to make sure…
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August 17, 2025
July PPI: It’s Not Inflation
The hot July PPI number is not inflation, it is an effect of inflation Just as I often write that the "inflation" numbers the media chase all over the place…
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August 14, 2025
Notes From the Rabbit Hole, #873 [w/ edit]
NFTRH 873 No Laffing Matter Last week in NFTRH 872, we covered the Art Laffer mega bull view that is likely cast through a political lens. According to this view…
July 27, 2025
Commodity Super-Cycle
A new Commodity Super-Cycle is likely, finally I have poked fun at the Commodity Super Cyclers over the years. Churning out analysis telling of a great economic reset toward real…
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July 18, 2025
Notes From the Rabbit Hole, #871
NFTRH 871 This report abandons regimented format and gets right to the points it wants to make. There are important ones gathering and I want to make sure I am…
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July 13, 2025
The U.S. is Not a Capitalist Country
Under the Federal Reserve system, the U.S. is not a capitalist country, it is a socialist welfare state for the elite, compliments of inflation Socialism For the Elite, Not Capitalism…
July 1, 2025
About That “Inflation Trade”…
An "inflation trade" is possible, but take heed of its shelf life With the tariff/trade war drums fading lately, the logical conclusion is "inflation trade upcoming!" and cyclical markets -…
May 16, 2025
What a Long, Strange Trip It’s Been Since Nixon Took USD Off the Gold Standard
The chart of SPX and gold shows that volatility was hard-wired into a macro market situation that had been relatively normal prior to August, 1971 I love looking at pictures.…
May 14, 2025
Will Tariffs and the global Trade War “Spanner” Flip the Macro Inflationary?
Tariffs and the global trade war could flip the macro inflationary (stagflationary) sooner than expected "It's complicated." An answer that may be given by people when asked about their relationship,…
April 22, 2025
Gold Mining Macrocosm Fully Engaged
As Inflation Bugs sell indiscriminately, the gold mining Macrocosm (of proper macro-fundamentals) is engaged A man sits in the White house. A different kind of man. A man who does…
April 4, 2025