Gold headed dramatically higher

This deleveraging process has been a very unique one. Over the last decade, the Fed led many central banks around the world in an unprecedented expansion of money supply. While there is massive credit being withdrawn from the global system, the long-term effects of this money supply expansion has yet to filter through. Investors are [...]

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How to make money in this mess

In January of 2007, we made macro predictions about how to allocate assets for the coming 5 years in “Our Investment Calls for 2012.” Overall, our recommendations were pretty spot on as you can see from the table below.
One glaring area though where we were totally off is with interest rates. Boy, were [...]

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2008 Market Predictions for Macro Investors

This is our “Market Predictions” post from January 17, 2007.  Other than declining interest rates (what is Bernanke thinking!), we were spot on with:

Gold
Silver
Falling US dollar
Oil
Natural gas
Agricultural commodities

The only other sectors we should have added to this list are (i) desalinated water and  (ii) clean and “cleaner” energy (such as solar, wind, geothermal, biomass).  [...]

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China Keeps Buying More Control of Resources

September 7, 2007 (Bloomberg) WOODSIDE Petroleum’s proposed Browse liquefied natural gas project, should it proceed, may be worth as much as $12 a share for the oil and gas producer, the broker UBS said.The West Australian project, which on Thursday signed up China’s PetroChina as its first customer, encouraged UBS to raise its 12-month share [...]

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Strong Buy: Long-term Natural Gas

Woodside in $12b Gas Project
July 28, 2007 – (Sydney Morning Herald) – WOODSIDE Petroleum has committed itself to building one of the most expensive developments in the history of the Australian resources sector after its board gave the go-ahead for its $12 billion Pluto liquefied natural gas project on Friday.
The final capital cost figure – [...]

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