Peter's Blog

Trade Deficit Falls Due to Weak Consumer

The November Trade Deficit saw the first contraction in four months and actually fell to the lowest level since October 2020. This was primarily driven by a collapse in Imported Goods as shown below.

Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

A bill introduced in the Missouri Senate for the 2023 legislative session would take important steps toward treating gold and silver as money instead of as commodities and would set the stage for currency competition in the Show-Me State.

Rising Interest Rates on a Collision Course With a Wall of Debt

Jerome Powell still insists the Federal Reserve can beat inflation while bringing the economy to a “soft landing.” But there are underlying issues in the economy that make it extraordinarily doubtful that the economy can avoid a major downturn – despite Powell’s claims to the contrary. One of the biggest problems facing the Fed is […]

A Bet on Bitcoin is Gambling on the Whales

Key Takeaways The price of Bitcoin has been suspiciously stable following the epic collapse of FTX less than 2 months ago The whales are defending the Bitcoin price at $16,000 waiting for interest to flood back into Bitcoin It’s hard to imagine a bigger hype train than 2021 which means Bitcoin may not make a […]

Ron Paul: The Mother of All Economic Crises on the Horizon

For the last several years, we’ve enjoyed the fruits of an economic bubble blown up by easy money and debt. But ultimately, that debt is going to be the economy’s undoing. Simply put, these debt levels are unsustainable without runaway inflation. So, pick your poison.

Counterparty Risk and How to Minimize It

One of the benefits of owning physical gold and silver is there is no counterparty risk.

Silver Demand Projected to Set Records in 2022 and Other Silver News

Silver demand in 2022 is expected to chart an all-time high. This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

Have You Broken That New Year’s Resolution Yet?

We’re just a few days into the new year. How are resolutions going? Mine are going fantastic! I didn’t make any.

Managed Money Ends 2022 on Bullish Note

Please note: the CoTs report was published 12/30/2022 for the period ending 12/27/2022. “Managed Money” and “Hedge Funds” are used interchangeably. Gold finished the year on a strong note, with Managed Money reaching a net-long position of 50k. This is the largest net long position for Managed Money going back to June 2022.

The Fed has Missed the Balance Sheet Mortgage Back Security Reduction Target Reduction Every Single Month

The Fed has a targeted balance sheet reduction of $95B a month. After reaching and exceeding this target last month, the Fed is back to undershooting. This should not come as a surprise given the turmoil in the bond market this year and the lack of liquidity.