Field Notes Premium Edition

Gold is about to have a moment. Whether that’s a good moment that sends the metal to a new all-time high, or a moment that sees gold slip backwards a bit is the question. With today’s video letter, I want to show you some interesting technical analysis that hints at what’s to come in the [Read More] …

The dollar is dead—long live the dollar! By which I mean that we—as a society of savers and investors—might have just found a new safe-haven asset. For eons (or 77 years, technically) the U.S. dollar has been the world’s primary safe-haven investment. In times of fear, war, global economic dyspepsia, or pandemic, investors and savers [Read More] …

Welcome to your Weekly Digest…my breakdown of the stories we’re thinking about and talking about in the Global Intelligence world.  This week’s edition comes to you from one of my favorite writing spots…a beautiful beer garden surrounded by a park here in Prague.   Now that spring has arrived, and we’re approaching a post-pandemic world, I’ve been doing a lot of writing and [Read More] …

Back in Louisiana, where I grew up, I have a stash of gold coins socked away…Austrian ducats, Dutch guilders, Mexican pesos, things like that. There’s even an ancient gold coin—one of only 200 known to exist—from the Mongol reign of Genghis Khan in the 1200s.   I bought them over many years and stuffed them into a safe-deposit box. Today, they represent [Read More] …

I mean, there are roller coasters…and then there’s bitcoin.  The last year has been epic in so many ways. The world’s #1 cryptocurrency raced to more than $60,000 this spring from just $9,000 a year ago. And then it fell back into the $40,000s, before racing back toward $60,000…before falling out of bed this week [Read More] …