Markets around the world are plunging and the U.S. is set to open limit down. Thankfully, we’ve been on the sidelines (except for precious metals which my wife reminds me every day). As crazy as it seemed to sell everything last October just days after the DJIA hit an all-time high and go short, we [...]

The rapid deleveraging in asset markets has hit everything, including commodities. The wholesale dumping of commodities by investors, especially those that have seen strong demand until lately – crude oil and metals, suggests that reducing leverage is the overriding concern. There was a lot of leverage into this market and funds are basically being forced [...]

Northern Dynasty Minerals Ltd. (NDM-V, NAK-A) and its 50% partner, Anglo American plc (AAUK-N, not covered), are advancing the Pebble copper-molybdenum-gold (Cu-Mo-Au) deposit in southwestern Alaska to production. This is one of the largest potential undeveloped deposits of its kind in North America, if not the world. It is at the low end of the [...]

While the market rallied on the false belief the financial crisis was now behind it, I said much weaker corporate earnings would move to the forefront. We saw that yesterday and overnight in Asia and now Europe today (U.S. not open yet as of this posting). Sun Microsystems and Texas Instruments, the world’s second-largest semiconductor [...]

At the Battle of the Bulge in World War II, an American general utter one word when the Germans asked him to surrender. That same word can be used to describe how the U.S. budget deficit has become- NUTS! Congressional leaders and both presidential candidates are proposing billions of dollars in tax breaks and other [...]