Media coverage of the oil spill’s effect on the Gulf focusing on tourist income lost by the waterfront towns – with footage of empty beaches, restaurants and T-shirt shops – dominates the news. Interviews with devastated business owners are heart rending. But they always end with references to somehow hanging ...read more
The Big Dead Cat Bounce
Mar 17th, 2010 | By Doug Hornig | Category: Economics, Featured
It’s now been a year since the dark days of early March 2009, when, although no one knew it at the time, the stock market hit rock bottom. From there, all of the indexes went on a tear through the rest of the year, moving higher almost without interruption before ...read more
Paul Ryan Could Save America
Mar 3rd, 2010 | By Doug Hornig | Category: Featured, Politics
Since the stunning result of the Massachusetts senatorial race, President Obama has softened his tone quite a bit, essentially saying to Republicans that if they have any good ideas, “Bring ‘em on.”
Whether he’s sincere or not remains to be seen, but the implication is that he’s unworried, because in his ...read more
Is That Gold Bar Real?
Jan 25th, 2010 | By Doug Hornig | Category: Featured, Gold
As the 10-year gold bull continues its stunning run, rumors of fakery seem to be cropping up as fast as new Eagles can be minted. Should you be worried? Do you need to run to the coin shop for a home test kit?
Well, the counterfeiters are out there, and have ...read more
Why Is HSBC Clearing Out So Much Physical Gold?
Jan 13th, 2010 | By Doug Hornig | Category: Featured, Gold
That’s the directive that came down from HSBC USA in late November.
It seems that everyone these days wants gold. Real, physical gold coins that they can hold in their hands, or bars that they’re assured are resting safely in a well-guarded vault. HSBC’s New York vault, for example, buried deep ...read more
Why All the Fuss Over Rare Earths?
Oct 5th, 2009 | By Doug Hornig | Category: Commodities, Featured
Rare earth elements (REEs) have been the mystery metals of the mining world for years. Now, suddenly, everyone’s heard about them.
Before we delve into the reasons behind all the publicity, here’s the basic skinny on REEs: One, they are rare, at least sort of. Two, they are indispensable to modern ...read more
What the Heck Is Going on in China?
Sep 14th, 2009 | By Doug Hornig | Category: Featured, Gold
That’s a question that Westerners have been asking for, oh, several millennia now. Or at least since Marco Polo aimed his ponies down the old Silk Road in 1271.
Now as then, China keeps its own counsel. We know what they want us to know, plus what we can surmise from ...read more
Washington Capitulates: Peak Oil Is Real
Aug 31st, 2009 | By Doug Hornig | Category: Featured, Oil
Each year, generally in May, the Energy Information Administration publishes a less-than-eagerly-anticipated tome called the International Energy Outlook, 250+ pages of mind-numbing text, charts, graphs, and tables.
No one reads it. The mainstream media ignore it.
It’s the product of the best prognosticators in the Department of Energy. Okay, that may be ...read more
Are We Being Conned About Gold Consfication?
Aug 10th, 2009 | By Doug Hornig | Category: Featured, Gold, Personal Liberties
There’s a lot of Internet chatter these days about the possibility of the U.S. government seizing its citizens’ private gold holdings.
What are the chances?
Well, it’s always good to bear in mind that there is no telling what the government might do. It’s already doing things that were unthinkable just a ...read more


