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Commodity Cycle Upturn to Lift Precious Metals Prices

By GoldSilverWorlds Safe-haven demand for physical precious metals came in soft through the first half of the year as a rising stock market reinforced investor optimism toward the economy. U.S. stocks are expensive by just about every valuation measure you can think of – price/earnings, price/sales, dividend yield, total market capitalization as a percentage of

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How Dumb Is the Fed?

By Bill Bonner Bent and Distorted POITOU, FRANCE – This morning, we are wondering: How dumb is the Fed? The question was prompted by this comment by former Fed insider Chris Whalen at The Institutional Risk Analyst blog. They’re not the best map readers, that much is known for certain. [PT] [O]ur message to the

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