The Specter of Fiscal Dominance On September 18th, Jay Powell and the Fed initiated a new policy easing cycle with a jumbo 50-basis point rate cut. The [...]

All Roads Lead to Gold These are very important and exciting times for gold. This week, HAI will attempt to communicate what this author believes is the [...]

Time Out for Face-to-Face Meetings Due to the MWM client conference, this week, HAI is just prices.  MWM would like to thank all clients!  It’s a pleasure [...]

Taking a Break—Sort Of This author has been moving his family into a new dwelling over the last couple of days.  We are incredibly excited for our next new [...]

Something is Rotten in the State of Denmark This week was all about the Federal Reserve FOMC decision to initiate the new rate cutting cycle with an aggressive [...]

No Wonder Gold is Flying This week, after nearly succumbing to a vision of economic gloom, equity traders convinced themselves that growth and higher stock [...]

Moment of Truth This holiday shortened week was a volatility sandwich. Tuesday started with a bang as stocks sank and the VIX volatility index shot higher by [...]

Q2 2024: Just the Start For the precious metals sector, Q2 2024 was one for the record books. According to the World Gold Council, gold demand was at record [...]

Not Buying It Due to late summer plans with in-laws this week, HAI will be brief. The market news of the week primarily revolved around a curiously large [...]

Ahead of the Game This week markets got a big dose of economic data. Ultimately, however, that data didn’t change the overarching narrative. Debt has become [...]

Minsky Moments and the Butterfly Effect Three weeks ago, on July 16th, the S&P 500 closed at an all-time high within spitting distance of a truly [...]

Piercing the Veil In November of 1943, speaking to Joseph Stalin during the Tehran conference, Winston Churchill remarked that, “In wartime, truth is so [...]