Bill Bonner's Diary


A Vicious Collapse in Gold?

Not much follow-through from Wednesday's Fed euphoria in the US stock market yesterday. Investors are drifting away, preparing for the holidays. Dow up only 11 points. But, whoa! What's this? Gold took a pounding yesterday. It fell $41, to close below $1,200 an ounce. Remember when gold began its correction from over $1,900 an ounce? We guessed the correction...

Fed to America: ‘QE Scam Will Continue’

The Dow jumped 292 points yesterday. Investors took to the Fed's announcement like children to Santa Claus. They rubbed their eyes and saw a big present under the tree: No real tapering... no time soon. Said Ben Bernanke, "Highly accommodative monetary policy remains appropriate." Our friend David McWilliams – one of the few Irish economists to see the big...

The Fed’s Big Lie

The Dow was flat yesterday... Gold went nowhere, too. The yellow metal trades at $1,235 an ounce at writing. Let's see what Larry Summers has to say. We always appreciate Summers. His mind is razor-sharp – always cutting straight to the wrong conclusion. "Why stagnation might prove to be the new normal," is the headline of his piece in...

The Real Numbers Behind America’s Phony Recovery

Tomorrow is the big day. Investors are on the edges of their seats, waiting to find out what the Fed will do. Taper? No taper? Or maybe it will taper on the tapering off? Our guess is the Fed will not commit to a serious program of reducing its support to the bond, equity and housing markets. It's too...

The Shocking Reason Democrats are Plotting Against Obamacare

US stock benchmarks were flat on Friday. Too many office parties. Too many distractions. Too many investors with no clue. "Is the news good or bad?" they asked. "Is that good or bad for asset prices?" Having no good answer, they let the week pass without showing much conviction one way or another. So let's move on... The problem...

Is This the World’s Cheapest Commodity Play?

Today, a recommendation from a local stock market analyst in Brazil... on what could be one the world's best-value commodity plays. But first, a look at yesterday's market action... The Dow fell 104 points. But gold really got socked. It fell $32 an ounce... as "taper" fears once again began to stalk the market. What does it mean? It's...

Don’t Invest Here in 2014…

Dow down 129. Gold down $3 an ounce. No big deal. Good thing, too, because we don't have much time to think about it. We're on the road... in Brazil. At Bonner & Partners Family Office, the small family wealth advisory we set up in 2009 to help families protect and pass on wealth, we're bullish on emerging markets...