You would think that this was going to be a good day. Weekly jobless claims fell to 388,000, a new six month low. New permits for home construction in October were up 10.2%. The October CPI even fell by 0.1%. But the second that Spanish bond yields spiked, it was all over but the crying. [...]

Who Says There Aren’t Any Jobs?
While recently winging my way across the South Pacific, I spotted an unusual job offer: WANTED: Social worker, tax free salary of $60,000 with free accommodation and transportation, no experience necessary, must be flexible and self-sufficient. With the unemployment rate stuck at 9.1%, and running as high as 45% for recent college grads, I was [...]

Testimonial
I’ve been reading your blog for a while and found it a helpful beacon in a sea of confusing and contradictory information as I try and make sense of the world (and try and make money from sense!). Kind regards. Toby London, England

November 18, 2011 – Quote of the Day
“We know things are upside down when we have an Italian central banker and a German pope. That’s not the way it is supposed to be,” said Steve Cortez of Veracruz Research.

Sold Out! November 25 Portland Strategy Luncheon
Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Lunch, which I will be conducting in Portland, Oregon at 12:00 noon on Friday, November 25, 2011, the day after Thanksgiving. A three-course lunch will be followed by a PowerPoint presentation and an extended question-and-answer period. I’ll be giving you my up-to-date [...]

Why Residential Real Estate Will Not Recover
One of the most frequently asked questions at my recent round of strategy luncheons, seminars, and keynote speaking engagements has been “Is it time to buy a home?” I responded with “No, no, a thousand times no,” and proceeded to rail off the countless reasons. My answer always piques listeners’ interest, as 67% of Americans [...]

Bottom Feeding in Real Estate
I was driving through a prominent San Francisco neighborhood last Sunday, looking for a McMansion open house. When I came to one key intersection there were more than a dozen signs directing me to competing offerings. What a joke. And the agent told me that market conditions were gradually improving! It looks like current and [...]

November 17, 2011 – Quote of the Day
“The problem is not the new ideas, it is escaping from the old ones,” said economist John Maynard Keynes
What’s Up With Gold?
Have you ever held a basketball underwater in a swimming pool and let go? It flies to the upside and pops you in the nose. That is exactly what gold is doing now. After the barbarous relic peaked at $1,922 on August 24, it traded like an absolute pig, giving up 20% in a matter [...]

The Ultra Bull Case for Gold
I am constantly barraged with emails from gold bugs who passionately argue that their beloved metal is trading at a tiny fraction of its true value, and that the barbaric relic is really worth $5,000, $10,000, or even $50,000 an ounce (GLD). They claim the move in the yellow metal we are seeing is only [...]

Revisiting the First Silver Bubble
With smoke still rising from the ruins of the recent silver crash, I thought I’d touch base with a wizened and grizzled old veteran who still remembers the last time a bubble popped for the white metal. That would be Mike Robertson, who runs Robertson Wealth Management, one of the largest and most successful registered [...]

November 16, 2011 – Quote of the Day
“The greatest show on earth is happening elsewhere. Southern trade is becoming turbocharged,” said Stephen King, chief economist at HSBC, about the enormous new trading routes forming between Asia and Latin America, who calls the network the “Southern Silk Road.”
Meet the Teflon Market
Pound away at this market all you want, and it just refuses to go down. In recent weeks we have received a torrent of bad news from Europe, including the fall of governments in Greece and Italy, and the S&P 500 index keeps migrating back to the 1,260 level, as if attracted by some supernatural, [...]

November 15, 2011 – Quote of the Day
“I’d rather own silver than Toyota in an environment like we are having now,” said Jim Rogers, CEO of Rogers Holdings.

The Road to Singapore
I am writing this from the polished teak floored, white columned, veranda of the historic Raffles Hotel in Singapore. Exotic tropical birds with huge curved bills are calling each other from the betel nut trees. I am somewhat peeved, as the Sir Stamford Raffles Suite which I have reserved is not yet available. A visiting [...]
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An Evening With Congressman Barney Frank
May 17, 2013
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The Most Functional Word in the English Language
May 17, 2013
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An Evening With Nobel Prize Winner Michael Spence
May 17, 2013
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May 17, 2013 – Quote of the Day
May 17, 2013
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Follow Up to Trade Alert – (GLD) May 16, 2013
May 16, 2013
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Trade Alert – (GLD) May 16, 2013
May 16, 2013
- May 16, 2013 May 16, 2013
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On the Tesla Melt Up
May 16, 2013
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May 16, 2013 – Quote of the Day
May 16, 2013
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SOLD OUT! San Francisco November 4th Strategy Luncheon
October 25, 2011
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My 2012-13 Stock Market Forecast.
October 31, 2012
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Last Chance to Come Join Me for the Paris Strategy Luncheon – July 17, 2012
July 15, 2012
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Will Gold Coins Suffer the Fate of the $10,000 Bill?
November 25, 2011
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My Personal Leading Economic Indicator
November 25, 2011
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SOLD OUT! December 27 Chicago Strategy Luncheon
December 22, 2011
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An Evening With the Chinese Intelligence Service
December 25, 2011
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Take a Look at Occidental Petroleum (OXY)
December 26, 2011
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Another Nail in the Euro Coffin
January 16, 2012
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Sold Out! Las Vegas January 27, 2012 Strategy Luncheon
January 23, 2012




