Imagine you’re at a gas station and some mangy guy comes up asking for money. What do you do?
There are a lot of market junkies out there. These people love to trade, and most of them are not very good at it.
Russia invaded Ukraine 13 days ago. While the civilized world (including yours truly) is rooting for Ukraine, the West’s response to the war is hitting ordinary Russians hard.
I get the feeling people are not appropriately paranoid about the events unfolding in Ukraine.
This is turning into a funny year. Stocks are going down. Interest rates are set to go up. And I’m focused on gold.
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