Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...
Gold and gold stocks have held up very well considering how rapidly Treasury bond yields have risen thus far in 2022. We have high expectations for our gold-heavy list of recommendations this year. There is little new to report from the company level. We will have much more information in the February portfolio update once the bulk of quarterly earnings season has passed. For now, Dan gives guidance on the open positions in the portfolio.
Most central bankers appear to believe that they’re “helping” the economy with hyper-aggressive policies. But they’re not. Instead, they’re fueling bubble activities that will harm the long-term health of the economy. The end result of this dynamic is a fragile, bubble-prone environment in which central banks react to every downturn in financial markets with easier policy. It’s a recipe to undermine the role of all paper currencies as stores of value. And it’s strengthening the case for owning precious metals.
For now, read on as Dan gives guidance on all our open positions in the portfolio, including one position moved from a buy to a hold.