Articles

Leadership in emerging markets continues to expand as the weak Dollar cycle progresses.  

This time, it’s Colombia stepping up.

Yes, Colombia... One of Latin America's historically weakest markets is...

Welcome to Boomtown

Most natural resource stocks, even the bellwethers of Metals or Energy, for example, can’t scale to $3 Trillion in market cap. They’re not those types of companies - they’re just not built like the...

In case you haven't heard, we're in the midst of a historic bull market. We are talking about the...

Nuclear energy is one of the hottest trades in the market right now, and everyone is talking about it. We were early to this theme.

Back in early May, we highlighted...

One of my favorite tells for global risk appetite doesn’t come from bonds, credit spreads, or even the Nasdaq.

It comes from an obscure FX cross almost nobody trades: the Israeli Shekel (ILS/USD).

Israel’s...

When traders get caught up chasing hot stock ideas, it’s easy to forget the bigger picture. 

But if you’re serious about staying on the right side of markets, you need to be watching the long end of the bond market right now.

The...

Secular bull markets often run far longer than consensus expects, and sometimes even longer.

That's what we're currently seeing. Gold futures are poised to close September in the green for the...

Gold miners are surging to new all-time highs, begging Copper miners to...

The market is ripe with fresh opportunities… and the list of charts we want to buy is growing longer by the day.

But we can’t buy them all, so we have to make some tough allocation decisions.

This is one of...

Last week, we discussed what a great time it is to be a Gold Bug. 

For the first time in history, the yellow metal has closed higher for...

Washington isn’t leaving this one to the free market.

When it comes to the metals that power the clean energy transition and AI - lithium, nickel, cobalt, and rare earths - governments around the world have decided these resources are...

Global 30-Year Yields: One Chart, One Message...

“You have power over your mind — not outside events. Realize this, and you will find strength.” — Marcus Aurelius, Meditations

For four decades, investors lived in a world where...

These days, we trade gold as a commodity.

But centuries ago, we used to trade commodities priced in gold. 

For this reason, among others, we like to think of Gold as more than a commodity or currency....

In this week’s Gold Rush video, we covered a lot of ground. 

We discussed wild moves in Cattle futures, the energy complex, shifting global bond yields and their impact on the macro landscape, and Gold futures surging to...

Gold just made history, and it’s doing so in the most bullish way possible.

After months of one of the ...

Every week, we break down the Commitment of Traders (COT) Report to see how commercial hedgers - the so-called “smart money” in the futures markets - are positioning across asset classes. 

This data,...

Everybody knows that energy has been one of the biggest laggards of this bull market. 

While technology, industrials, and even some of the more defensive sectors have staged powerful uptrends, energy has gone sideways at...

The US Dollar continues to weaken, and international energy stocks are one of the groups benefiting most from it.

Look at what’s happening in the global energy space. While US energy (XLE) has chopped sideways for the better...

We’ve been pounding the table on Gold for months, and nothing in the data...

For forty years, bond yields trended lower. From the early 1980s until 2020, the 10-year Treasury yield fell through every cycle. 

Each downturn, each policy mistake, was met with the same cure: cut rates, buy bonds, suppress yields...

Plato’s allegory of the cave endures because it speaks to the nature of perception. 

Prisoners chained in darkness see only shadows on the wall, mistaking them for reality. 

When one escapes, the...

Leadership keeps showing up in places no one’s watching. Take Peru.

The Peruvian Sol (PEN/USD) just registered its best single-day performance since 2023, reaching fresh five-year highs against the US Dollar.

...

The Gold secular bull market is acting exactly how bull markets should. 

Every dip gets bought, every pullback is shallow, and the laggards are catching up to the leaders. 

That’s textbook bull market behavior.

We’ve been...