Publications

The Myth of Leverage

In this Acting-Man article, I examine why mining equities do not always offer reliable leverage to rising gold and commodity prices, and why valuation matters more than speculation.


India Tax Reform Faces Roadblocks

In this SNL Financial article by Angie Kean, I discuss India’s proposed GST, the roadblocks facing its implementation, and why the expected impact on mining companies is likely to be minimal.


Gold and Brexit

In this Acting-Man article, I discuss gold’s rise around the Brexit debate and explain why gold should rise because of negative yields and social chaos, not because of Brexit itself.


Companies for an Uncertain Market

In this Streetwise Reports article, I discuss gold, negative yields, financial repression, and the search for value in mining companies during an uncertain market.


Western Institutions, Alien Societies

In this Liberty Unbound article, I examine why Western institutions cannot simply be transplanted into societies that lack the habits of reason, trust, restraint, and moral judgment that gave rise to them.


Negative Yields and the Future of Growth

In this Acting-Man article, I examine negative yields, money printing, financial repression, and why the future of economic growth depends on reason, morality, and institutional strength.


Report From Iquitos

In this Liberty Unbound article, I write from Iquitos, Peru, and examine what life in the Amazon reveals about poverty, development, culture, reason, and the limits of material prosperity.


Finding Value in Mining Stocks

I speak with Brian Sylvester of The Gold Report about gold, junior mining equities, arbitrage opportunities, China, India, and how I seek to maximize returns while minimizing risk.