Jim Puplava's Blog

Jun 26, 2023 – Investors today find themselves in the midst of a peculiar dance between the S&P 500 weighted and unweighted index, the discordance of which might just be spelling out a financial narrative we need to grasp...

Jun 14, 2023 – We live in a technology driven world. That technology requires energy, and that energy is provided by fossil fuels. When we think of oil, our thoughts often turn to the gasoline powering our cars or the diesel fueling our trucks. Yet, it extends far beyond that

Feb 24, 2023 – In my financial career, I've come to realize that many of the tenets we are taught and that are propagated by the financial industry may appear feasible in academic papers but tend to fail in practice. The great majority of people...

Sep 29 – The expected number of wind turbines needed to reach a net-zero carbon emissions goal by 2050 will require a herculean mining effort to extract 3,200 million tons of steel, 310 million tons of aluminum, and 40 million tons copper...

Sep 13 - In addition to the regulations and new taxes on energy, there is a major disincentive to invest in producing more oil and natural gas. Amin Nasser, the head of Aramco, the world’s largest oil company, said the world is facing a major...

Jun 16 – The great majority of professional economists and the mainstream media define inflation as merely rising prices. However, this definition says absolutely nothing about any specific cause of rising prices. It implies that inflation can be caused by anything...

May 2 – In my four decades in the business, I have only witnessed one soft landing once a fed rate raising cycle began, which was 1994. They have a very poor track record of predicting inflation and engineering a soft landing in the economy...

Apr 13 – Much of our oil comes from just 25 oil fields discovered over 75 years ago. The worlds’ 507 giant oil fields make up about 1% of all oil fields, but they produce 60% of the current oil supply. The majority of these fields are over 50 years old...

Oct 29 – In the not too distant future, an American president will have no other choice but to devalue the currency as a means of debt forbearance. He or she will have no choice. Interest payments will be too large, and taxes will not be sufficient to pay interest...

Jul 15 – The recession has caused interest rates to drop to zero and we expect them to remain there for years to come in order to lower borrowing costs on an exploding national debt. The Fed is being forced to monetize most of the government’s debt...