Massachusetts 1690: The First Western Fiat Experiment

President Donald Trump said that he is considering giving the order for US forces to attempt to take control of the Strait of Hormuz. In an interview with Weijia Jiang, the President said, while discussing the Strait of Hormuz, that he is “thinking about taking it over.” The Strait is the narrow point of the […]

Musical Chairs By Molly Schwartz, cross-asset macro strategist at Rabobank Yesterday, Trump spoke with Xi in Beijing. While markets kept a watchful eye on any headlines about the war in Iran, palates were left dry as only tepid announcements dripped out, such as that China “offered help” on Iran and “pledged not to send weapons.” What they did not manage to evade was a conversation about Taiwan. During the two and a half hour conversation with Trump, Xi underscored that US intervention in Taiwan could trigger a “highly dangerous situation.” While...

Uh-Oh, Silver! Authored by Adam Sharp via DailyReckoning.com, One year ago, silver was trading at around $36 per ounce. Today the price is around $60. Normally, that’d be considered a win. But over those 12 months, we silver bugs have been on a wild ride. Simply incredible price action. From $36 to $119 in about 8 months. And now back down to $66. I believe the silver bull market still has years to run. Maybe even another decade. Today, let’s explore why. +$16 Since 1980? Silver first reached $50 way back in 1980. Of course, silver’s miraculous 1971-1980...