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March 31, 2020 | What to Do When No Company, No Commodity, and No Investor Is Immune

I look out my window and see that the streets below remain silent. Shops and cafés remain closed. Only essential businesses are open, and even those are curtailed to core functions. This is obviously devastating for the economy—and for the resource sector that provides it with raw materials. But there’s less obvious damage that goes […]

March 26, 2020 | What If—Gasp!—People Start Saving?

A statistic that’s getting a lot of airtime these days is that 40% of Americans can’t cover a $400 emergency expense. We also hear constantly about people living from paycheck to paycheck. And now those paychecks have been interrupted for 2% of the US workforce—in just one week. That’s based on the 3.28 million new […]

March 25, 2020 | A Major Headache and a Golden Opportunity

This morning, one-quarter of the entire human population of our planet is reportedly on lockdown. As per yesterday’s article on a possible global economic depression, this comes at a huge human cost and I’m sure it will leave permanent scars. I started warning this could happen last January. What I didn’t think through—and should have—is the […]

March 24, 2020 | What If We’re Headed for a Global Depression?

  My friend Doug Casey has long predicted what he says will become known as The Greater Depression. In 2008 when I worked for him, we thought it had arrived. We didn’t think such a fatally wounded economy could be revived, and yet that’s what happened. Then, since the powers that be (TPTB) did so […]

March 20, 2020 | John Galt’s Strike is On

The governors of both California and New York announced statewide lockdowns this morning. Entire countries are going into hibernation. Outside my window, the beaches are empty and the streets are silent. We’re witnessing an historic event: the human tragedy is deepening, and the economic engine of the world is stopping. Millions of people are being […]

March 19, 2020 | Laissez Faire!

Back in the 1990s, a former cabinet minister from New Zealand named Maurice McTigue went on a world speaking tour. His topic was how subsidies keep farmers poor. When subsidies and regulations were cut, sheep farmers were forced to innovate. They stepped up to the plate and ended up becoming much more prosperous. The really interesting part […]

March 18, 2020 | Are We There Yet?

With another epic meltdown under way on Wall Street today, a lot of people are asking me if it’s time to start scooping up the great bargains already available in some of the very best gold and silver stocks. It’s a fair question. And make no mistake; I’m more bullish than ever on gold—and silver!—presenting […]

March 17, 2020 | What Is the Gold-Oil Ratio Telling Us?

A common metric many gold investors monitor is the gold-oil ratio. Why compare two commodities? Because they both can be seen as economic indicators, and divergences between them can be telling. But is this really useful in terms of offering us insight into whether prices of one or the other are likely to rise or […]

March 13, 2020 | Historic Opportunity to Profit Repeating Itself

I have a simple but critical point to make today. The best time to buy gold stocks in my entire career so far was after the crash of 2008… This historic opportunity is repeating itself. Consider yesterday’s decline in gold prices.       We’ve seen this before. Gold gapped down on October 13, 2008, […]

March 10, 2020 | Where’s the Bottom?

The massive volatility in stock markets around the world over these last weeks has stocks in many great companies on sale. And yet, I’ve been warning that I think things will get worse before they get better. I’ve also been saying that while everyone knows it’s dangerous to try to time a market bottom, it’s […]

March 6, 2020 | How To Make Volatility Your Friend

Most investors hate volatility. It usually stems from sudden, unpredicted change, which is often bad for mainstream assets. For that very reason, however, volatility is good for safe-haven assets like gold and silver. And it can be even better for gold and silver stocks. The key here is simple: volatility is great for building positions […]

March 5, 2020 | Are There Better Coronavirus Plays Than Gold and Silver?

  Gold and silver are, without a doubt, the best assets for weathering the storm the COVID-19 outbreak is visibly starting to unleash. Silver is both the better bargain and the one that has offered the most upside volatility in the past. Plus, silver has antimicrobial properties that could boost demand during the global pandemic […]

March 4, 2020 | NOW Is the Time to Rationalize Your Portfolio…

Stock markets around the world suffered a major meltdown last week. This week, there’s a rebound. But is that just a temporary “dead cat bounce” rally? None of the things that caused the correction have changed. If the global financial bubble has been well and truly popped, most asset classes will see much lower prices […]

February 27, 2020 | Gold’s Up, So Why Are Gold Stocks Down?

Wall Street indices fell off another cliff this morning, officially entering correction territory. Gold, I’m happy to say, rebounded at the same time, doing its job as a safe haven. But most gold stocks are down… what’s wrong with this picture? Nothing, actually. Not in terms of normal market action. Gold is a safe-haven asset—gold […]

February 25, 2020 | Conventional Wisdom Gets It Wrong Again

When I started in this business 16 years ago, my mentors taught me that geologists rarely make good miners. The two have completely different skills, education, and ways of seeing things. A geologist looks at beautiful rocks and wonders at the mystery of how nature formed them. A mine engineer just wants to know how […]

February 24, 2020 | Gold’s on a Tear. Worried About Correction? I Have an Idea…

Gold shot up to within kissing distance of $1,700 this morning. I wish it were for different reasons, but it is what it is, and we have to ask what’s next. And that means asking if gold might be due for a correction. I suspect that most people would rather hear me make clever-sounding arguments […]

February 21, 2020 | A Takeover Tsunami Is Coming—Prepare for Sudden Gains

Short of a nuclear war or similar cataclysm sending the world back to the Stone Age, mining will continue far into the future. It might even continue then—and someone will make money producing the minerals people need. This will happen whether commodity prices go up, down, or sideways this year and beyond. And that makes […]

February 19, 2020 | Gold: The Bigger Picture Is Telling Us Something Important

People who think that gold is underperforming are missing the forest for staring at one tree. Sure, gold is priced in US dollars, in which it’s still recovering. At over $1,600 per ounce in USD, that’s hardly a shabby performance over the last year. But it’s important to look at the bigger picture here. Gold just […]

February 18, 2020 | PPSS: New Case Supports Improved Strategy

I found something new in my latest pre-production sweet spot (PPSS) research. The idea has long been that there’s a high probability of share-price gains as companies transition from spending money building a mine to making money from that mine. What I discovered some years ago was that this gain is much more reliable—and much […]

February 12, 2020 | Want “Bitcoin in 2017” Gains? Uranium May Be Your Best Bet

  If you want a shot at 10x, 20x, or even 100x winners over the next year or two, you have to look into speculating in the junior uranium sector. I’m not saying that it’s safe, easy, or even likely. The question you have to ask is: “Am I willing to risk significant losses in […]

February 10, 2020 | For Safe Havens, We Want Monetary, Not Just Precious Metals

There are many precious things in the world, but almost none of them are used as money. Natural diamonds have long been more valuable per gram than gold, but they’re inconsistent. No two of the same weight have the exact same clarity, color, etc.—and hence the value differs. Pure metallic iron is consistent, and useful […]

February 7, 2020 | It’s the Economic Contagion Investors Need to Watch…

I’m getting a steady flow of pushback against my Black Swan article and tweets. People keep saying that the regular flu kills more people than the new Chinese coronavirus, as do drunk drivers, and what-have-you. Medically, the outbreak is no big deal. All this coverage is panic and fluff. Others have written in to say that 2019-nCoV […]

February 6, 2020 | PS on PPSS: A Rising Tide Does NOT Lift All Ships

Investors like to say that a rising tide lifts all ships. It’s a nice idea, but clearly not true. Some investment ships—even in the pre-production sweet spot (PPSS)—have huge, gaping holes in their hulls. They stay right on the bottom. Others have hidden holes or weaknesses and sink after an initial surge. Or, abandoning the […]

February 5, 2020 | PPSS: The Greatest Discovery of My Career

I didn’t discover the pre-production sweet spot (PPSS). It’s been called that for decades. But it was understood that while predictable, and hence sweet, the gains tend to be modest. As far as I know, I was the first to quantify those gains. Averaging around 100%, PPSS return on investment is far better than anyone […]

January 30, 2020 | Orwell Was Right

George Orwell was a socialist. I remember being surprised to discover this, given how powerful his criticism of totalitarian socialist regimes was. And Orwell was no Das Kapital-thumping, armchair socialist; he volunteered to fight in the Spanish Civil War against Franco. When he spoke out against the evil the Soviet regime had become, he had the […]

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