It’s got to be -100 degrees celsius outside as I sit here in my Calgary office writing this annual letter, reflecting on 2022 and the crazy yet highly educational year it was. The stock market is always changing, but this year stands out for many reasons. They say you learn more from your losses than […]
Volcanoes, Gold, Corruption, and Greed
Nestled between the Pacific Ocean and the Caribbean Sea, the small Central American nation of Nicaragua has experienced political turmoil for nearly two hundred years. Whether at the hands of American mercenaries of war in the 1850s, the U.S. marines from 1912 to 1933, or the US-backed Somoza Dynasty, which lasted from 1936 to 1979, […]
Investors Bet on Fed Pivot as Commodities Explode
Just days after the Fed hiked rates another 75 basis points sending gold and most hard assets lower, metals are on fire. Silver is up nearly 7%, crude oil over 4%, and gold over 3% – a massive move for the metal. Copper was another colossal winner, up over 8% on the day. So, why […]
Did Uganda Discover $12 Trillion Worth of Gold?
Aaron Hoddinott and Alexander Smith of Pinnacle Digest discuss Uganda’s recently reported gold discovery, which the country says has an estimated value of over $12 trillion. According to Reuters, “Over the last two years aerial exploration was done across the country followed by geophysical and geochemical surveys and analyses, Solomon Muyita, spokesperson for the Ministry […]
Double-Digit Inflation Arrives?
Tomorrow the Bureau of Labor Statistics will release the CPI or consumer price index for March. Buckle up. It is going to be a doozy. While top forecasters predict it will top February’s 7.9% inflation print (a 40-year high) – I think it may touch double digits, but will be above 9%. Here is why. […]
The Inflation Trade Comes Alive in Canada
Many will remember Friday, February 11th, as the day investors began to act about inflation differently. Gold and oil had huge gains today, while pretty much everything else that wasn’t a commodity went down. The NASDAQ and Bitcoin, which lost 2.78% and 3.2%, respectively, are two examples. Today investors stepped into Canada’s resource sector as […]
Diversifying Canadian Venture Market Hits Record Financings in 2021
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Two Reasons the Fed Can’t Raise Interest Rates
The Fed Chair Jerome Powell was re-appointed to another four years of service on Monday. Yet, for some reason, gold and many inflation assets are tanking. Gold was off 1.5% today to $1,782 per ounce, while silver was down a whopping 3.75% to $23.33 per ounce. So why is the man whose policies took inflation […]
Bitcoin to Hit $2 Million Within 5 Years?
Gold is back above $1,800, and Bitcoin is holding firm above $60,000. The US Dollar index is down huge today, falling 0.44% to 93.39. Lawrence Lepard talks all things Bitcoin and gold at the 2021 New Orleans Investment Conference. Lepard opens his talk with some basic principles and facts: “Sound money allows people to plan.” […]
Energy and Inflation: October’s Dynamic Duo
Good news! It’s looking like an unusual October. In contrast to what we’ve seen the last couple of years, the Stock Challenge Index (SCI) looks to be on the rebound this month. Signs of the bounce back were visible from day one, but the Index really took off on Tuesday, Oct. 12th. The vast majority […]