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In an earthquake, a mudslide, or an erupting volcano, the landscape moves—which is often highly traumatic for those who witness or experience it. For daily life, we obviously depend on the earth not to move. When it does, it can be extremely disruptive. The same could be said of economic systems. We rely on them […]
The New Era That Awaits For two weeks, HAI has discussed recent Trump administration signaling of a notable policy shift back to “Hamiltonian economics.” In short, Hamiltonian economics refers to a government policy of high tariffs and high capital controls mixed with the need to settle any trade deficits in a viable neutral reserve asset […]
Gold and silver strengthened this week as gold climbed 2.5% and silver with a solid 4.5% gain. Technicals point towards precious metals establishing a durable bottom as the 65-week moving average and potential double-bottom pattern. For disciplined buyers, that combination is worth paying attention to. Let’s take a look at where precious metals prices stand […]
In this special edition of the McAlvany Weekly Commentary, we revisit highlights from our June 17, 2026 McAlvany Wealth Mangement webinar, When Old Assumptions Fray: Positioning for the New Market Order. David McAlvany examines why the assumptions that shaped the last several decades may no longer fit an environment of persistent inflation, rising debt, elevated […]
The albatross of government debt is fixed securely around President Trump’s neck, though the vast majority of that debt was incurred before or between his presidencies. To be sure, his hands are not clean on the matter. He has incurred much new debt to fund his growth and security mandates, but his approach to the […]
Inflation Is Policy Last week, HAI briefly discussed the Trump administration’s recent vocal turn towards “Hamiltonian economics.” This week, HAI will greatly elaborate on that and discuss its implications in the context of our post-1971 dollar-centric global system. So called Hamiltonian economics were first discussed by U.S. Trade Representative Jamieson Greer at the World Economic […]
Kicking off the week, gold and silver experienced small swings in price, but finished nearly unchanged. Platinum and palladium both posted strong gains along with the S&P 500 nearing the all-time high. Long-term fundamentals including rising government debt and fiscal deficits continue to support precious metals. Despite current pauses in the metals markets, this period […]
