Bill Bonner's Diary


Stop Summers Now!

Cometh the hour, cometh the man. Or the woman… Ben Bernanke is leaving the Fed at the end of the year. He must shuffle off to some post where he will do less damage. The leading candidates to replace him are committed to continuing his policies, which consist of providing as much credit rope as you need to hang...

Empire of Debt

The Dow was flat yesterday. Gold dropped $17 an ounce. What to make of it? Our “Crash Alert” flag warns of a crash in US stocks. Readers are advised to proceed with caution. But since the start of September, the news for stocks has not been bad. If you want to buy stocks, the financial press and Wall Street...

A Personal Appeal to Barack Obama

The Dow rose 96 points yesterday. Gold fell by $22 an ounce. These moves run contrary to what we believe to be the major new trends. Are we wrong? Or was yesterday just a mixed-up trading day? Hold on… we’ll find out later.

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...