Dear Reader, Fiat currency is “funny money.” It’s backed by nothing and has provided a frail and failing support for spendthrift governments worldwide for years, and particularly in the current post-financial crisis era, from which Middle America still hasn’t truly...
As described at the opening of Part 1, 2, and 3, which followed a tremendous $200 rally in gold, with three sweet spot trading opportunities identified, price derangement syndrome (PDS) returned to infect the discourse on gold’s price performance after a pullback in...
Gold and silver received the most attention among precious metals traders, but I believe it’s a mistake to ignore other tradable metals like palladium. One interesting thing about palladium right now is that its price against the U.S. dollar is similar to gold’s...
In July 1944, delegates from 44 nations met at Bretton Woods, New Hampshire and agreed to “peg” their currencies against the U.S. dollar, as it was the only currency strong enough to meet the rising demand for international transactions after WW2. The value of gold...
For everything good in life, there’s always someone out there with a cliché to counter it. “Those who can’t do, teach” is one example – an easy denigration of what might be the world’s most important profession. Another one is “You can’t eat gold,” a lazy way of...