Yesterday, I visited the 1,000 year-old Khmer temples just outside of Siem Reap, Cambodia. I had seen these magnificent structures more than 20 years ago when I first visited. The Ta Prohm Buddhist temple became famous after being featured in one of the Tomb Raider films. I’ve played through several of the games and it’s … Read more
Overview: Today, we got the January Consumer Price Index (CPI) report which showed an overall increase of 2.4% for the last year. That’s below last month and below the 2.5% expected. The monthly change was 0.2% vs the 0.3% estimate. The Core CPI which excludes food and energy was up 2.5%, consistent with expectations. The … Read more
Thanks to the Manhattan Alternative Investment Network for hosting me last night for a conversation on gold, silver, Bitcoin, and why Kevin Warsh can’t change the direction of the Federal Reserve or the continuing debasement of the dollar. Link to the video below. The Federal Reserve is Now Irrelevant
It’s been a volatile few days. Let’s recap: The Federal Reserve: I continue to believe the market is overestimating the impact Fed Chair nominee, Warsh, could have on the economy and the markets. Last week, there was reasonable fear that Warsh would be hawkish (favoring higher interest rates). I’m skeptical of that take, despite … Read more
I’ll be speaking to the Manhattan Alternative Investment Network on Tuesday at noon NY time. We’ll be covering the inability of the Federal Reserve to influence crucial fiscal issues. We’ll also be covering the recent volatility in gold, silver, and Bitcoin along with some commentary on energy (uranium in particular). If you’d like to join, … Read more
Quick announcement: I’ll be in Bangkok for the next few weeks. While I’m here, I’m open to a small number of in-person conversations. If you’re based locally, or know someone here you think it would be worthwhile for me to meet, feel free to reach out privately at IR@DeepKnowledgeInvesting.com. We had most of this … Read more
Hi All, Thursday and Friday were incredibly volatile for gold and silver. Despite the immense drawdowns, both precious metals were higher for the month. For an explanation of what happened, please see this post: Here’s What Just Happened in Gold, Silver, and Bitcoin. This week’s Five Things will be available to DKI Premium subscribers early … Read more
