Black Swan Flapping
Wednesday, June 26, 2019, 6:40 AM
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It’s an odd feature of life in the west how major news events just seem to slip off into the distance so quickly and are forgotten by most. Somehow, already, the situation with Iran is not even close to the top of my news and social media feeds. It has regressed to a back burner.
Despite the US news cycle being replaced by other fleeting amusements, relations with Iran are even further off the rails this week than last week.
Friday, June 21, 2019, 1:34 PM
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On Tuesday, Mario Draghi apparently went rogue on his fellow policymakers and launched into a swan song version of his all-time hit “Whatever it takes”. The next day, Jerome Powell at the Fed confirmed his willingness to ease and let the market know he stands ready to cut rates multiple times over the next year.
That — plus a downed US drone patrolling the Iran border — poured gasoline on gold, which spiked as high as $1,410/oz, finally breaking free of the $1,350 ceiling that had blocked its advance for years.
Drone Iran US War
Thursday, June 20, 2019, 5:45 PM
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Maybe with all the monetary stimulus and other catalysts, oil and gold were just itching for a reason to go higher, but on Thursday morning oil convincingly launched higher on news that Iran shot down a US drone.
Gold, which had rather mysteriously spiked earlier on Wednesday night stayed elevated, even as copper, platinum and palladium all tumbled back lower throughout the day.
The drone shot down was a very advanced, and large version equipped presumably with the latest and most advanced spying and detection hardware. This action moves us a few notches closer to an actual shooting war with Iran.
Monday, June 17, 2019, 11:51 PM
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Fresh from releasing his exhaustive 340-page annual report titled In Gold We Trust, Ronald Stoerferle joins us to summarize his forecast for the yellow metal.
Stoerferle, an author of several books on Austrian economics and head of strategy and portfolio management at Incrementum AG, concludes that gold is poised to move explosively higher. He sees a new bull market beginning for the precious metal — one likely to quickly build momentum as the impending recession arrives and the world’s central banks revert to extreme easing policy measures.
Friday, June 14, 2019, 2:38 PM
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Two more tankers were attacked near the Strait of Hormuz on Thursday morning (6/13/19) in the Gulf of Oman, and if hostilities advance we could be facing a ‘black swan’ event. One that changes everything, and divides the world into ‘before’ and ‘after’ periods.
A lot of us are waiting for ‘something’ to happen. We know that there are too many unsustainable trends and practices running and we fall into the “let’s just rip the Band-Aid off” camp. Some, like myself, have lost faith in the political leadership and institutions and doubt they retain any capacity to attend to anything more than their own selfish interests, let alone manage the difficult tasks ahead rooted as they are in systems theory and managing complexity.
Thursday, June 6, 2019, 8:12 AM
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In this week’s Off The Cuff podcast, Chris discusses:
This week Chris looks at the big picture: the planet’s resources and humanity’s mad dash to consume them. We are depleting millions-year-old treasures — which will never renew in our species’ future — while leaving poison and pollution behind in the effort.
Even if we only prioritize the well-being of those currently alive (screw those pesky future generations!), time is running out on us. Our current trajectory is having increasing negative repercussions, which will only intensify over the coming decades.
The silver lining to this is that we *can* be doing things better. We already have plenty of models for living regernatively. We just need to embrace them. But will we?
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Tuesday, June 4, 2019, 6:52 PM
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With the world re-entering a period of greater economic instability, with the central banks painted into a corner, with global stocks looking weaker by the day, the price of gold is starting to shine again.
The yellow metal has recently hit all-time highs priced in a number of world currencies (the dollar not among them…yet).
Is this a short-term result of ‘risk-off’ fever as the markets have stumbled, to be undone during the next rally in stocks? Or are we seeing the beginnings of a more fundamental re-pricing of gold (and silver), as investors wake up to the currency risks created by more than quintupling the world money supply within less than a decade while simultaneously buring the economy under trillions of newly-minted debt?
Craig Hemke, better known by his nom-de-plume, Turd Ferguson, explains why gold looks like it finally has a brighter future ahead.
Downturn
Monday, June 3, 2019, 2:29 PM
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We all know another recession is coming at some point.
Economies are cyclical. Bust always follows boom in the same way the moon follows the sun.
We very nearly had a recession in early 2016. I remain impressed how it was averted then by the application of tremendous amounts of newly-printed-from-thin-air money. It took several trillions of dollars globally, but it worked (if we can call enabling the global economy to take on additional $trillions in debt that will never be repaid ‘working’)
Friday, May 31, 2019, 6:07 PM
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We happen to be alive at a time of peak abundance and technological miracles. It’s never been easier or more comfortable to be a human.
On nearly every dimension — longevity, dependable access to food, quality of shelter, personal safety, leisure time, intellectual pursuits, technological advancements — no previous generation of humans have enjoyed the excesses and luxuries that we currently do.
What are you going to do with that good fortune while it lasts? Because it won’t for much longer.
Thursday, May 30, 2019, 3:47 PM
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Episode #6 of our webinar series on real estate investing airs live this Saturday June 1 at noon ET.
In it, Russell Gray will share several strategies used by more advanced real estate investors to increase their financial returns, protect their privacy, and boost their quality of life.
If you haven’t already, be sure to sign up for this concluding presentation in our webinar series on real estate investing.
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