Category Archives: Main Page

What if the risk-on cycle has topped

The consensus remains bullish on inflationary expectations, including precious metals, stocks and oil. But then, recency bias is the typical human response. It’s worth considering that cycle peaks could be behind us. Gold pared dramatic losses as US President Donald Trump … Continue reading

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Powell remarks on Paul Volcker Integrity Award

I don’t know Jerome Powell and have no idea whether he is, or will be judged by history as doing the right things in line with his public duty. But at a time when integrity and selflessness in public office … Continue reading

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Calming inflationary fears is job number one

Crypto bounced alongside fossil fuel prices since the Iran war broke out on February 28 — though it’s still down 43% since October. Other global markets generally plunged along with metal prices (shown below, courtesy of The Daily Shot). US … Continue reading

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