Stansberry is officially shutting down their Gold Stock Analyst newsletter.

In other words, there's zero investor appetite for gold stocks.

Meanwhile, gold prices continue to make new all-time highs.

Gold miners will print cash at these prices, but nobody cares!

#gold

The combination of an explosion of capital flows into venture with structurally higher discount rates and seized up capital markets is a recipe for very poor returns ahead.

'The search for golden stability is a response to a world in flux. It reflects a growing belief that a new political order is emerging.' project-syndicate.org/commentary/gol…

'Apple's new iPad spot is essentially them turning into the thing they said they were out to destroy in the 1984 ad.' ft.com/content/1f7314…

'Ryder executives spent years listening to some of their biggest customers say they wanted to switch to battery-electric big rigs. Now that the heavy-duty trucks are available, few customers want to pay for them. 'The economics just don't work for most.'' wsj.com/articles/compa…

'A 2016 analysis found that data center subsidies cost governments nationwide about $2 million per job created.' bloomberg.com/news/articles/…

'A record $3.2 trillion was tied up in aging, closely held companies at the end of 2023. That's a problem for private equity which relies on the cycle of raising money to make acquisitions, exiting via a sale or IPO and then returning money to investors.' bloomberg.com/news/articles/…

Economic reports have been disappointing.

While that may be welcome to some as it could help sway the Fed to cut rates, a deteriorating economy is not generally a welcome background for stock prices.

Much of the decline in surprises has come among 'soft' economic releases, such…

'The 2024 stock market rally has some everyday investors looking to ratchet up the risk by turning to single-stock ETFs, a relatively new product that aims to amplify the return of one stock using borrowed money or derivative contracts.' wsj.com/finance/invest…

'A recent survey found that 43% of those who owe money to BNPL services said they were behind on payments, while 28% said they were delinquent on other debt because of spending on the platforms.' bloomberg.com/news/articles/…

'U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles' self-driving capabilities.' reuters.com/business/autos…

'Fifty corporate winners from the coronavirus pandemic have lost roughly $1.5tn in market value since the end of 2020, as investors turn their backs on many of the stocks that rocketed during early lockdowns.' ft.com/content/8faaaf…

'It's over – US households have run out of excess savings.' thedailyshot.com/2024/05/08/con… via (((The Daily Shot))) San Francisco Fed

🤔 Where does G&R stand on Bitcoin? Does Bitcoin deserve a place in a diversified portfolio along with gold?

Adam Rozencwajg, CFA, answers these questions & many more on investing in gold, silver and bitcoin during a Grizzle Hard Money conference.

🎥 👉 hubs.li/Q02wx3T10

Wait, what…?! $COIN (Ht: Molly White)

Stocks in Hong Kong pulled back a bit today.

But over the previous 10 days, more than 3 stocks advanced for every 1 that declined.

Every time that's happened since 1997, it ended a bear market.

When it comes to insider buying and selling, the insiders of Carvana have impeccable timing. $CVNA

They were selling hand over fist when the stock was trading well above $300 in 2021 and turned around and were buyers when the stock dropped into the $20s in mid-2022 and once…

'Industrial demand is soaring, driven by photovoltaic and other electrification end uses, while supply is flat to declining.' wsj.com/articles/the-g…

'Supply chain managers today are thinking more about geopolitical risk than they are about any other risk.' wsj.com/articles/geopo…

'An index of value stocks has trailed the Russell 1000 benchmark in all but two years since 2012. Against shares boasting faster growth, value earlier this year sank to a record low.' bloomberg.com/news/articles/…