Black Swan Headlines

  • Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust

    Geopolitical risk highest "in four decades" should push gold higher - Citi - Elections, political and macroeconomic crises and war lead to gold investment- Political uncertainty in Germany means "gold likely to remain in good demand as a safe haven" say Commerzbank-  “There has rarely been such political uncertainty in Germany at any time in the country’s post-war history” - Commerzbank- Reduce counter party risk: own safe haven allocated and segregated gold Editor: Mark O'Byrne The...

  • Bubble Dynamics and Market Crashes

    Authored by James Rickards via The Daily Reckoning, To paraphrase one of the great gems of Wall Street wisdom, “Nothing infuriates a man more than the sight of other people making money.” That’s a pretty good description of what happens during the late stage of a stock market bubble. The bubble participants are making money (at least on a mark-to-market basis) every day. Meanwhile, the more patient, prudent investor is stuck on the sidelines - allocated to cash or low-risk investments while...

  • It's A 'Turkey' Market

    Authored by Lance Roberts via, With Thanksgiving week rapidly approaching, I thought it was an apropos time to discuss what I am now calling a “Turkey” market. What’s a “Turkey” market?  Nassim Taleb summed it up well in his 2007 book “The Black Swan.” “Consider a turkey that is fed every day. Every single feeding will firm up the bird’s belief that it is the general rule of life to be fed every day by friendly members of the human race ‘looking out for its best...