Actionable analysis from one of the most legendary traders in history.
Thoughts on the Market September 14, 2025 Cognitive dissonance occurs when individuals hold two or more conflicting beliefs, values, or attitudes and is especially perplexing when their actions contradict their understanding. In investing, this often manifests as the refusal to adjust portfolios or outlooks, even when evidence suggests they should.
Thoughts on the Market September 3, 2025 A Global Rebalancing Toward Gold I have been warning my readers for years that gold was going to explode higher, and I have advised them to hold onto a substantial core amount of this precious metal. Periodically, I have issued shorter-term buy recommendations
Thoughts on the Market August 27, 2025 The recent escalation in political pressure on the Federal Reserve -- marked by President Trump’s unprecedented firing of Fed Governor Lisa Cook coupled with his hyper-aggressive, vitriolic attacks on Fed Chairman, Jerome Powell, have triggered a regime shift in how markets need
August 20, 2025 GOLD: Stay Long — The Rally Is Structural, Not Tactical I. Gold’s Rally Is a Vote Against Monetary Fiction Since October 2022, we’ve maintained a core long position in gold, opportunistically adding and trimming exposure around key technical levels. After consolidating in a $400 range since
August 16, 2025: Dear Readers, First, thank you so much for your comments on our new format and pricing! It is always helpful to hear what we are getting right, and where we can improve. For those of you that subscribed recently, I hope that you enjoyed your “welcome” note
