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Commentaries

Numbers Behaving Badly

We’re in an awkward position I believe will persist for quite some time. It’s the initial stage of what I’ve called The Great Reset. This is unexplored territory; of course we’re confused. Step one to moving through it safely: get comfortable in the fog.

Today's News Slants So Much, the Words Fall off the Page

The problem with all of this is that government gets in the business of picking winners and losers driving huge chunks of its “taxpayer” money to certain businesses.

UBS Raises Its Gold Price Forecast Projecting New Record Highs

UBS analysts anticipate a stagflationary environment with “below trend” economic growth and sticky price inflation. UBS also raised its Q2 2026 gold forecast by $200 to $3,700 and added a third quarter ’26 target at the same level.

Nothing Makes Sense Anymore (Here's Why)

A single dovish word could send the dollar lower and real yields down, while a stubborn tone might test investors’ faith in the Fed’s ability to navigate inflation and growth.

Gold Is Revolution

Gold is revolution against an expiring system that is still limping along.

July Corporate Bankruptcies Hit Highest Level Since 2010

U.S. businesses are buried under a massive debt load totaling $21.75 trillion as of the end of the first quarter, according to Federal Reserve data.

The Machine that Is Eating the Earth

A single datacenter requires as much electricity as a fairly large city. For example, one datacenter now consumes 1/3 the electricity that a major city like Dallas consumes.

Inflation, Currency Debasement, and the Illusion of Stability

Real money—gold and silver—remains the best defense against the ongoing erosion of fiat currency.

Data Discrepancy Highlights Difficulty of Tracking Chinese Gold Reserves

Based on Chinese data, the value of imported Canadian gold was 10 times higher than reported by Canadian export reports.

Iran's Proposed Inflation Fix Is as Old as Time

Iran has found a solution to its inflation problem. Just lop some zeros off the currency.

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