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Commentaries

Could the Rising Popularity of ETFs Dent Indian Physical Gold Demand?

Instead of stealing from physical gold demand, it appears ETFs are merely adding to it.

Extra: War with Iran is on with Elevated Threats of WWIII

Stock markets, bond markets, etc, are all likely to reposition. The US stock market was already fragile, and Treasury yields were plunging in what looked like a safe-haven flight...

“Interim” Disinflation Within the Inflationary Macro

The view is and has been disinflation first, then a return of the inflationary macro

Gold—The Handiwork of Divine Alchemy

With gold once again topping $5,200 an ounce, I thought it a good time to look back in time and ask: Where did this coveted metal comes from and why has it retained its universal appeal though the ages?

The Coming Crisis: Fingers of Instability

Yet as we reduce the known risks, we sow the seeds for the next 10-sigma event. It is the improbable, unseen risks that will create the next real crisis. It is not that the fingers of instability have been removed from the equation, it is that they lurk in different places, not yet visible.

Rising Capital Controls, Tighter Borders, and What You Can Do About It

Citizenship in most countries, especially the US today, is a liability, not an asset. Government is not your friend.

Could the AI Bubble Pop and Cause a Credit Crisis?

Global debt is at record high levels. This is a stick of dynamite just waiting for something to light the fuse.

The Brightest and Best are Falling the Fastest

What we are seeing is a sporadic and restless bear market. For example, the iShares Expanded Tech-Software Sector ETF has gone solidly into the bear’s territory, down roughly 30%...

Ghana Announces Plan to Buy "Artisanal" Gold to Stem Smuggling

Ghana ranks as Africa's top gold producer and the world's sixth largest. In 2024, the country produced around 4.9 million ounces of the yellow metal.

A Sequel to 2008 in the Making

Dimon warned that people are becoming comfortable with high valuations and assuming there will be no problems. He stressed that cycles always turn and admitted his anxiety is high.

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