Steve Saville's Opinion & Analysis
A complete archive of Steve Saville's articles, including current analysis & opinion.
We get the impression that some major sentiment extremes are close. In particular, we appear to be at/near peak optimism about the US stock market and the US dollar, peak pessimism about the US...
Interest rates are always among the most important determinants of currency exchange rates, but over the past two years they have dominated. We cite the following two charts as evidence.
The first...
The phrase “Drill baby drill” has been around for a long time, but Trump embraced it during his recent campaign to describe the approach to drilling for oil that would be taken by his administration....
Jurisdictional risk is any additional risk that arises from doing business in a foreign country. The problem with this type of risk is that when it materialises, it does so without warning.
As...
This is our annual reminder that gold mining stocks should always be viewed as short-term or intermediate-term trades, never as long-term investments. If you want to make a long-term investment in...
Both Kamala Harris and Donald Trump are espousing policies that will be bearish for the US Dollar and bullish for gold. This means that regardless of what it turns out to be, the outcome of the...
The US yield curve is considered to be a good leading indicator of US recession, with an inversion of the curve invariably occurring prior to the start of a recession. However, a Wolf Street article...
There are many problems with the calculation methodology of the Consumer Price Index (CPI) and with the whole concept of coming up with a single number to represent the purchasing power of...
By our reckoning, during the first half of 2022 the US economy entered the bust phase of the economic boom-bust cycle caused by monetary inflation (rapid monetary inflation causes a boom that...
In a blog post in February-2017, we discussed an age-old relationship between interest rates and prices. The following chart-based comparison of the T-Bond yield and the commodity/gold ratio is a...