Sustaining a Good Start
I always pay attention to the relative number of gainers and losers when updating stock prices in the Full Portfolio Table and this was the best ratio to date: 36 of the 42 stocks in the portfolio were up compared to the last time I printed the table, on December 15. There were two reasons: […]
Gold’s Year in Review, and Outlook 2022
From the Gold Resource Investor Letter: December 2021
Reality Has Repercussions
Inflation means the Fed really is ending QE and raising rates. Last week bond traders finally accepted that reality…and then dumped bonds before the market loses a massive and totally price-insensitive buyer (the Fed). It made for a volatile and negative week that could be a preview of what’s to come. Also…with the first rate […]