news.goldseek.com >> 10 July 2020
|
news.goldseek.com >> 10 July 2020 |
Is it Time To Dump Gold Stocks?
By: Brady Willett, FallStreet
As a contrarian and long-term holder of Goldcorp. (now Newmont), the latest push higher in the price of gold begs the question: is now the time to sell? The concern, for the uninitiated, is that after the price of gold moves powerfully higher there is an uncanny tendency for forces to mysteriously align and push prices powerfully lower. These “forces” (excuse the conspiratorial flare), have been known to short paper gold contracts in seemingly unlimited quantities, and, according to some, with the implicit backing of the Federal Reserve…
|
news.goldseek.com >> 23 March 2018 |
Trading Barbs Down To The Wire
By: Brady Willett
The opening salvos have been fired and the body count could soon start piling up. No, I am not talking about the steel and aluminum tariffs announced by Trump a couple of weeks ago (which seemed to be more of a ploy to try and encourage favorable NAFTA/trade negotiations rather than a real act of ‘war’). Rather, the sides doing battle now are the world’s two biggest economic guns – the U.S. and China!
|
news.goldseek.com >> 6 February 2018 |
Is Short Volatility Contained Or A Canary?
By: Brady Willett
On Janet Yellen’s last day as Fed boss the markets suffered their worst percentage loss in 20-months. Yesterday, on Jerome Powell’s first day as Fed Chairman, the VIX spiked by its largest amount on record and the Dow suffered its largest single day point drop ever (and 100th worst percentage drop in history). Intent on showering us with some logic as prices rain lower, the media tells us that last week’s jobs report is responsible for the ongoing collapse.
|
news.goldseek.com >> 20 December 2017 |
Tales from the Cryptomania – Part I
By: Brady Willett
In short, the cryptomania has quickly turned into one of the most fascinating episodes of speculation in history. The onlooker cannot help but be entertained as exchanges, companies, institutions, governments, regulators, hackers, and speculators align themselves either for or against the growing pile of crypto being mined into the consciousness of investors across the world.
|
news.goldseek.com >> 5 September 2017 |
Where Did Everyone Go?
By: Brady Willett
The Fed started hacking interest rates in 2007 and QE3 ended in October 2014. This 7-year period of extraordinary ease, and the nearly 3-year upswing since, has been a difficult time for many market contrarians and so called ‘bears’. To wit, Cornerstone has been missing since 2015, Contrary Investor hasn’t released anything publicly since 2013, and Cross Currents, Beartopia, Financial Armageddon, iTulip, Nystrom, Iacono, and numerous others have gone into deep hibernation.
|
news.goldseek.com >> 1 September 2017 |
The Coming Crypto-Crisis?
By: Brady Willett
Since 2008 there has been a widespread increase in debt around the globe, central bankers have printed and experimented with direct asset purchases like never before, and there have been many dangerous bubble-like oddities in the marketplace worthy of attention (i.e. student debt, subprime auto, junk bonds, housing, etc.). Nevertheless, despite the record increase in paper wealth since 1Q09 there has been no unifying ‘mania’ for the grumpily inclined to ceaselessly growl about.
|
news.goldseek.com >> 20 August 2017 |
Bond Bear Bubbleheads
By: Brady Willett
Conventional wisdom holds that with central banks’ beginning to throw their experimental policies into reverse the strings holding the asset price boom together are slowly being cut. No disagreement here. But while the divergence between the fundamentals and asset prices suggests things like equities are in/near bubble territory, the bond market is not so much a ‘bubble’ as simply a rigged game. Some would disagree…
|
news.goldseek.com >> 31 March 2015 |
Bernanke Double Tap
By: Brady Willett
To summarize, Chairman Bernanke readily and repeatedly admitted that the Fed was actively suppressing market rates to levels lower than they would otherwise be year after year after year after year…But now, with the gift of retrospect, blogger Bernanke is shocked to discover that people actually think the “Fed is somehow distorting financial markets and investment decisions”? If you were to go by the sheer nonsense blogger Bernanke is peddling, all the Fed ever does is use conventional monetary policies to set an overnight lending rate to the banks based upon ‘the concept of the equilibrium real interest rate’ - a guiding force Chairman Bernanke didn’t mention once during his reign.
|
news.goldseek.com >> 5 September 2014 |
Two questions for Krugman
By: Brady Willett
Before going further, this idea that an ‘inflation paranoia’ has been running wild for 5-years is partly being imagined by Mr. Krugman. To be sure, along with the ‘money printing causes inflation’ theme, those railing against the reckless actions from the Fed since 2008 have also argued that the Fed is punishing savers, the Fed is promoting dangerous asset bubbles, the Fed is monetizing U.S. debt, QE does not create jobs, and the Fed could, longer term, endanger USD hegemony. As efforts to ‘normalize monetary policy’ in the U.S. have yet to really begin, the verdict is out on whether the Fed’s ongoing schemes will prove a longer-term positive.