The Speculative Investor

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The gold/commodity ratio makes another T-Bond forecast

[In a blog post last October I mentioned that a recent divergence between the gold/commodity ratio and the T-Bond price had bullish implications for the T-Bond. A strong rebound in the T-Bond soon got underway. Another divergence between the gold/co...

Money supply is only part of the monetary story

[This blog post is an excerpt from a recent TSI commentary] The Quantity Theory of Money (QTM) holds that the change in money Purchasing Power (PP) is proportional to the change in the Money Supply (MS). It’s a bad theory, because it doesn’t ref...

The fundamental backdrop remains slightly bullish for gold

I haven’t discussed gold’s true fundamentals* at the TSI Blog since early December of last year, at which time I concluded: “All things considered, for the first time in many months the true fundamentals appear to be slightly in gold’s favou...

MMT: The theory of how to get something for nothing

[This blog post is a modified excerpt from a TSI commentary published about a month ago] Modern Monetary Theory, or MMT for short, is gaining popularity in the US. It is based on the idea that under the current monetary system the government doesn...

Uranium’s stealth upward trend

It’s likely that by the middle of the next decade, most new cars, trucks and buses will be Electric Vehicles (EVs). As a consequence, it’s a good bet that over the next several years the demand for both gasoline and diesel will shrink dramatical...