Bill Bonner's Diary


On the Road to Damascus

Yesterday, it was back to school… back to work… and back to worrying about our money. But nothing was proven yesterday – no hint of what lies ahead, unless what lies ahead is nothing. Yesterday, the Dow was up 24 points… and gold rose to over $1,400 an ounce. Our guess is that all the major markets have changed...

When the Great Tower of Trust Comes Crashing Down

When we left town on Friday trading was as slow as the traffic on the interstate. Labor Day is the last holiday of the summer. No one wants to miss it. The Dow fell 30 points on Friday. Gold dropped $16 an ounce. An ounce of the yellow metal sells for $1,390 at writing. But that was the summer....

When Gold Will Really Start to Glitter

The Dow inched higher yesterday. This morning, gold is down about $19 to $1,394 an ounce – about where it traded on Monday. After telling readers how awful it was, now the mainstream press is back to neutral on gold. Barron’s recently ran an article titled “Gold Regains Its Glitter.” Markets make opinions. Gold is up about 17% from...

“Crash Alert” Flag Still Flying

We hoisted our “Crash Alert” flag last week. So far, no crash. The US stock market came back a bit yesterday, with a 48 point gain on the Dow. Gold was flat. The flag is not a prediction. It’s merely a warning – like the flag at the beach that warns of a dangerous riptide. You can still go...

Have Bricks and Mortar Sprouted Wings?

Bad day yesterday for US stocks. Big day for gold. The Dow fell 170 points yesterday. Gold rose $27 an ounce. Just guessing… But both markets are probably moving in the direction they “should” move. Stocks seem to want to go down. Gold seems to want to go up. And if that’s what they want to do, who are...

Return to Zombieland

Yes, it’s back to school. Back to work. And back to Zombieland. The Dow dropped 64 points yesterday. Gold rose above $1,400 an ounce. What’s next? We’ll wait and see. But we’ll wait and see from a safe distance. Last night, we drove into the heart of darkness to celebrate a birthday. The party was held in Georgetown –...

These Three Major Markets Have Turned

There are a few yellow leaves on the trees. The mornings are cool. “My son started school last week,” we told a neighbor yesterday. “What? Seems awful early for public school.” “They’ve been moving it forward. Back in the old days the kids helped on the farm with the harvest. School didn’t start around here until about the seventh or eighth...