CEF News and Press, Sprott Physical Gold and Silver Trust Units From 08/24/21

St. Louis Fed president James Bullard admits the Fed is out of position to fight price inflation and may be forced to chase, which would be very disruptive for markets. He says that the Fed would have to stop asset purchases and hike rates to above "whatever the neutral policy rate is...

After the pandemic’s initial spending splurge, the bill is due, and global growth is mean-reverting again. Treasury yields are confirming the disinflationary ride as we thought that they should. Similar trends are unfolding in the great hot north, with Canadian government b...

Consumer sentiment collapsed 13.5% since July, the third biggest fall on record next to October 2008 and April 2020. The current read of 70.8 is below the April 2020 trough. Mainstream financial media is trying to paint this as pandemic fears, but that makes little sense. If it was pa...

The DOW is over 35,000, as equity markets are largely ignoring the Delta variant. Yet, the 10-year yield has declined sharply, suggesting bond investors are worried about the future. As a result, I continue to add very minimally to stocks, opting to focus mostly on under-represented s...

Whenever we get news that increases chances of a taper from the Fed, gold and silver get smashed. The jobs report Friday accomplished that, double-bottoming gold at $1,677. Back on August 2, Fed Governor Waller said that a good jobs report could mean taper announcement by September, s...

Wild gyrations in long-term Treasury yields are being noticed by mainstream financial news media. “Bond volatility is extraordinary whereas equity volatility is not. Something’s wrong here,” says CNBC analyst. The reason for these gyrations is simple. The Fed, dra...

I provide six reasons why longer-term interest rates fell in the 2nd quarter. I explain why longer-term interest rates are set to reverse course and move higher again in the 3rd quarter. Total banking system credit provision is accelerating which points to continued economic stren...

The Palm Valley Capital Fund invests in small cap stocks. While our Fund is new, its underlying absolute return-based investment strategy is not. We have practiced the same strategy throughout our careers in investment management. For the second quarter ending June 30, 2021, the Palm ...

MSCI US REIT Index rallied 2.7% in June, which marks an impressive run of eight consecutive monthly increases. The Russell 3000 Index jumped 2.5% in June, the fifth straight monthly advance. Comparing GMI to US stocks and bonds shows that global asset allocation remains competitiv...

The week of June 14 was gold's worst week since the March 2020 crash. It happened because the Fed hiked rates and sucked $235B out of the banking system overnight. Specifically, it hiked the reverse repo rate from 0 to 0.05%, sucking money out of the banks and back to the Fed because ...