Bill Bonner's Diary

Fed Fail

Stocks and gold were slapped down yesterday. The Dow lost more than 130 points. Gold eked out a $10-per-ounce gain. What does it prove? Nothing. Central banks are engaged in a breathtaking program of activism. We don't know where it will lead. But judging from the historical record, activism and central banking go no better together than drinking and...

Bill Bonner's Diary

The End of the Road

US stocks are turning down this morning, following news that private-sector job growth in the US slowed the most...

Bill Bonner's Diary

A World Without Distractions

The Dow and gold were up strongly yesterday. Gold is recovering well, moving from weak hands to stronger ones....

Bill Bonner's Diary

Too Tired to Think

On Sunday night, we returned from a two-day horseback trip up into the Argentine mountains. After 18 hours of...

Bill Bonner's Diary

The Grandest Larceny of All Time

Gold seems to be coming back fast. It rose $38 per ounce yesterday. Of course, the Fed's monetary meddling...

Bill Bonner's Diary

Time to Cash in Your Chips?

We don't like the looks of it... Advisors are too bullish. Investors are too complacent. The financial authorities are...

Bill Bonner's Diary

The Virgin of the Valley

Nothing special happened yesterday. The Dow rose to recover some of its recent losses. Gold fell to give back...