By John Galt April 29, 2008 This is the storyAbout Hammerin’ Joe,Hittin’ everythingWith his hammer you know, Then one day,He made a mighty hit,And broke […]
Is the Precious Metals Correction Over?
The panic for the permabulls in precious metals was palpable. While some of us old farts were contemplating the sudden parabolic move was reflective of the start of World War III, living like a caveman, and losing access to streaming of our favorite hockey team, the reality turned out to be somewhat short of expectations or fears. So my friends if my readers are wondering just what the heck is going on, let's all participate in a quick review of the charts, reality, and why the correction may or may not be over in precious metals and what that means for the short, intermediate, and long term. I. The Correction This author will not deny that there's a permabull behind…
Is the Precious Metals Correction Over?
The panic for the permabulls in precious metals was palpable.…
01.30.26 Bank Failure Friday First of 2026: Metropolitan Capital Bank Chicago, IL
I guess while the regulators are still working a few…
And It Looks Like Another 2026 Prediction Just Hit: Gold above $5100 per Ounce
Is this author happy about this? Hell yeah. Is this…
01.23.26 Credit Union Failure Friday Not BFD but BHCEFCU
Tonight the Beverley Hills City Employees Federal Credit Union went…
President TACO Folds Like a Swiss Army Knife
Despite the insane market action today, yours truly really wanted…
Deflationerrory Thinking
By John Galt January 1, 2008 Sigh. There is a philosophical battle among the bears and doomers and it’s really quite frustrating as both parties […]
Painting the Swan
October 11, 2007 By John Galt For the uninitiated, I am a historian by training and hobby, an op-ed writer and blogger by habit. Yes, […]
Goldilocks Autopsy
by John Galt August 2, 2007 Despite the Fantasyland tickets being issued by the Bubblevisionistas, there is an extremely harsh reality sinking in to many […]
The Black Pearl is Sinking
By John Galt August 8, 2007 On March 18, 2005, Rob Kirby wrote one of the best articles warning everyone about what the future of […]
It’s Still a Bubble Part 21: Insanity Reigns Supreme
Apparently Jay Powell misunderstood the phrase “irrational exuberance” because instead of extinguishing it by announcing a 50 basis point increase, the Fed went full on […]
Welcome to the BOT
This will be a history lesson for those who have never been here before and a terrifying warning for those who think the policies of […]
What the Fed Really Said Today
I could easily sum up the press conference and statement with a music video: Unfortunately for those who think the Federal Reserve actually has a […]
FOMC Preview: Go Big or Go Home
Today is another adventure in the world of Jay Powell. There are many who show great respect for the Federal Reserve and its Chairman, however […]
The Japanese Yen Says Good Morning
Buckle up folks, currency traders are preparing everyone for a wild ride. Meanwhile the implications of the much speculated 50 bps cut in concert are […]
Gold Is Warning About a Major Economic Crisis
Throughout history, America has witnessed wild cycles of economic advance, often accompanied with inflationary price surges, then economic contractions which some might classify as deflationary […]
Have a Fun Weekend
Yet we keep testing the tolerance limits…. The part they do not tell you: It is survivable unless you are in the blast zone. Have […]
The Most Wonderful Woman in the World has Left my Life
TO make sure my friends do not misunderstand this, my wife is my better half, the other half of my life and shall be forever. […]