I hope you’re enjoying the bank holiday as much as you can during the lockdown. With the long weekend, and the highly anticipated “halvening” just a few days away now, I thought I’d send you something special. This is an…
I hope you’re enjoying the bank holiday as much as you can during the lockdown. With the long weekend, and the highly anticipated “halvening” just a few days away now, I thought I’d send you something special. This is an…
Why would somebody be mining bitcoin in a mosque? About a year ago now, some images started circulating on Twitter showing vast bitcoin mining arrays, racks upon racks of monitor-less computers whirring away in a place of worship: Source: @Rmahdavii,…
When you’re stuck indoors all day, the imagination wanders more than usual. We rerun old memories like a cabinet of dusty video cassettes, taking respite in reveries of better times. Come with me, and remember back to this, four years…
The Scottish Independence referendum feels like an incredibly long time ago. The political drama has increased by a factor of 11 since then, but oh boy did it feel intense at the time. In retrospect, it was probably a great…
“Of all the weapons in the vast Soviet arsenal, nothing was more profitable than Avtomat Kalashnikova model of 1947, more commonly known as the AK-47 or Kalashnikov. It’s the world’s most popular assault rifle, a weapon all fighters love. An…
We’re thinking of buying a load of beer here at Southbank Investment Research. Not just for us, mind – but for you too. It started with the news story that MPs in the Public Accounts Committee had recommended the Bank…
Why are CEOs bailing out of their companies like there’s a financial crisis on? They must not have got Donald Trump’s memo that everything is fine in the US economy. Or read the latest issue of The Fleet Street Letter,…
I’ve no edge when it comes to India-Pakistan relations, so I’ve no insight as to how the two countries will behave now that violence has erupted between them. All I know is, 1: You’ll be able to cut the atmosphere…
“On Wednesday we wired all the money out of there, and they failed, as you may remember, on Friday.” Hedge fund veteran Simon Mikhailovich told me that in a recent conversation we recorded for our 2019 Gold Summit. We’re going live with it today, for a 24-hour period…
In today’s letter, I’d like to focus on two things. Two things changed recently, which haven’t changed in a very long time. There are very few traders and investment managers around today who were working the last time they occurred….
I hope you’ve been getting as much sunshine as we have in London! I always thought my birthday was in winter, but when the day passed last week, it felt like spring. I’m currently enjoying the sun as I write…
If you ever want to get a strong response out of somebody in finance, just ask them if the gold price is manipulated. It’s a question that’s incredibly divisive, especially on the fringes of the financial world. As the gold…
Financial markets often seem very detached from the real world. It can be hard to relate the green or red numbers flickering up and down on a screen to what’s actually going on outside. But sometimes, the seemingly inscrutable movements…
I’m short gold. And it’s not feeling good. As you may already know as a Capital & Conflict reader, betting against the value of gold doesn’t come naturally to me – I love the stuff. But I’ve ended up doing…
It’ll be a short note from me today – I’m just about to chat to a world-renowned gold insider for our 2019 Gold Summit. If you’ve not claimed your ticket yet, I recommend you do – we’ve got a terrific…
Recent analyses, notably from the World Bank, show that while levels of inequality at a global scale have gone down, the average person lives now in a more unequal country than in the late 1980s… … inequality does not only…
We mentioned on Tuesday how the last thing the eurozone needed right now was a Cold War between the US and China. Germany is the economic engine of the eurozone, fuelled by exports to the US and China. When those…
Germans joining Italians in recession (and soon to join the French in the streets)… The Spanish youth nearly as woefully unemployed as young Greeks… and Belgium almost as indebted as the Republic of Ireland. I’m not sure this was the…
The European Spring is coming to Germany. But before we get to that, I’ve an announcement to make. My colleague Nick Hubble has just returned from a trip to the heart of the EU, where he delivered a message so…
“When the streets of Paris are running with blood, I buy”, claimed a Rothschild banker in the 19th century. Buy assets cheaply during conflict, and sell them at a profit at conflict resolution; a cold-hearted strategy certainly, but a profitable…
As I was walking home from work the other day, I was met with an unusual sight. It was when I was crossing Southwark Bridge, that I saw them: a pair of Apache gunships flying down the Thames in close…
I am writing this just a few hours after the US launched a nuke. Fear not – we aren’t all seconds from being evaporated. It was the US testing its nuclear deterrent, or more specifically, the delivery vehicle. The unarmed…
Riddle me this: why have investors started paying to lend to the French government… as the yellow vest protests intensify? The yellow vest protests in France kicked off in full on 17 November. But since then, demand for French government…
Our “Blueprint for Cold War II” series last week was timely. On Thursday, we outlined the risks to investors should the US pull out of a certain missile non-proliferation treaty with Russia. On Friday, it pulled out of it, and…
“Money, capital, has a life of its own. It’s a force of the nature. Like gravity. Like the oceans. It flows where it wants to flow. This whole thing with the Arabs and gold is inevitable – we’re just going…
Some more comedy relief to start us off today. This statement comes courtesy of the European Central Bank (ECB), via its Twitter account: ECB asset purchases have reduced inequality in the eurozone, our research shows. They have especially benefited low-income…
A return to the dark days of the first Cold War, constant threat of nuclear annihilation included, is not exactly a pleasant prospect. So before I conclude this three-part series on why I think that’s coming (and how to profit…
Today we continue with our Cold War II thesis. If you want to know why a sequel to the Cuban Missile Crisis is coming and you didn’t read yesterday’s letter, click here to read it. The final part of this…
I’m currently drafting a report for the Capital & Conflict website to attract new readers. But I thought I’d share it in the daily letter to begin with – after all, you lot signed up first! Some of this briefing…
Getting hammered in a central bank is an experience reserved only for the financial elite. The idea of proles like you or I knocking back drinks in such ivory towers borders on heresy. But believe it or not, the Public…
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