Bill Bonner's Diary


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 some of its recent gains. Stock market advisors are unusually bullish. Investors are unusually bullish. Barron's is unusually bullish. All of which makes us think this is a good time to be unusually bearish. Sell stocks. Buy gold. Be happy.That's...

Bill Bonner's Diary

Why I’m Praying for Government Incompetence

"You Americans don't understand anything. You have to come to Argentina and live here for a few years. Then you'll understand America."; We had to ask, "Huh?"; "When you're here, you can see more clearly how things really work... and don't work. You see the real nature of things... especially government. Believe me, you Americans have all sorts of...

Bill Bonner's Diary

October Portfolio Review – 50% Gains on AFP Provida

Gold fell 3.4% for October – ending the month at $1,719.90/oz. This is still a 69% gain on our 20% allocation to the metal. AFP Provida shareholders qualified for another dividend during the month. The stock price is now up 37.2% since we recommended it in May 2011.