The Expectations Index — the forward-looking number — collapsed to 63.6. Third consecutive monthly decline. Below 80 historically precedes a recession.Consumers now expect 6.1% inflation. That’s up from August. They are not calming down. They are getting angrier.The University of Michigan’s September sentiment reading: 48.1. Down 7% from August. The
This is from Rafi Faber (endgameinvestor@substack.com) whose work I really enjoy. He compares the 1973 gold chart with the current chart and speculates that a 100% rally from here is possible. Fractal analysis has a fairly good record of indicating future possibilities. Logically, one would expect gold and silver to
In my opinion, the world economies are in dire trouble; all are devaluing their currencies, and currency printing is rampant. As a result, inflation is roaring while the economies are slowing to a snail’s pace. We do not see the decline easily because most currencies are falling together. We should
I love when everyone wins! The question is: Who is actually the winner? I think President Trump wants you to think he has lost it, mentally. It makes him unpredictable. Both sides are claiming victory and as the saying goes wars are not really over when one side declares victory
We have a two-week ceasefire in the Middle East. Within minutes, the ceasefire was broken by Iran. Shortly thereafter, there was a reaction by Israel. I am afraid that my confidence in the longevity of this ceasefire is tenuous at best. The markets, however, have reacted positively, for the time
“What we are living through is not a bull market in gold and silver. It is a bear market in trust — in currencies, in institutions, in paper promises, and in the systems that have been pricing these metals for the last fifty years.” WHAT’S ACTUALLY HAPPENING When the price
Considering the effect of war on gold prices I asked Chat GPT the following question and got the appended reply. It is of course biased and I am sure you will see the areas of bias. Thinking of the Ukraine attack on Russian nuclear delivery aircraft, of the morality of
Despite President Trump’s best efforts to bring peace between Russia and Ukraine, it would appear that neither party is in a rush to stop fighting. In my opinion Russia still has unfinished ambitions and Zelenskyy is being coerced, paid or blackmailed into continuation of the war. Sadly the incredible waste
The situation where Zelenskyy, who has taken billions of dollars in cash and equipment from the USA, refuses to negotiate a deal with Russia and still calls for more funding and tries to deal with Europe behind the back of the US makes no sense. Trump certainly has to drag
Will we see ceasefires across the world on the 20th of January? All fighting forces shaking hands and calling bygones bygones? Peace breaking out in every direction, rainbows, and roses and everyone loving one another? I think we will see peace, but it will take time to arrange. The removal
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