Monthly Archives: December 2020

The Store of Value Trade vs The Reflation Trade

As you can see above, the current market narrative is certainly all about the reflation trade, not the store of value trade. While both gold and copper miners are up on the year, gold miners are still consolidating below a … Continue reading


Making Sense of the Market as the Risks Pile on

As you can see from the charts above, my simple strategy of investing long gold miners hedged by puts in IWM (the Russell 2000 index) has been struggling. I find this environment we’re in as absolutely astounding. To think that … Continue reading


Yosemite and Lockdowns

I’m writing from Yosemite right now, so I’ll keep this post relatively short. My mother and I just got back to the Ahwahnee hotel after a morning hike to mirror lake. There was a notice at our door, saying that … Continue reading

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