Safe Havens for Today’s Over Levered World — Gold and International Equities.
Capital markets performance has been dominated this year by the new administration’s efforts to implement its Make America Great Again agenda. Trump’s Liberation Day tariff plan led to a sharp decline in the S&P 500 as the uncertainty of his tariff focused renegotiation of global trade agreements was greeted with fear, panic, and partisanship. Despite […]
Blue Lagoon Resources Transitions Toward Production and A Mother Lode
Blue Lagoon Resources, Inc. (BLAGF or BLLG.CN) is a high-grade gold resource company in British Columbia that is transitioning into a gold mining company. The unique appeal to this transition story is the potential scale of the Dome Mountain resource it owns in British Columbia. Quinton Hennigh, PhD, and advising geologist for Crescat Capital, which […]
Sea Change
The unusually powerful move in gold, this year, up 46.53%, suggests a new investment regime with decade long implications. This investment paradigm shift is challenging traditional allocations like the Modern Portfolio Theory’s — 60% equities and 40% bond allocation — which has grown increasingly obsolete since the early 1980s. Today, portfolio allocations including 10% gold […]
Is Silver Joining Gold and Leading The Great Rotation into Commodities?
Silver and gold are reasserting market leadership roles while US equities are priced at historically high valuations. As we enter the historically precarious months of September and October, we are reiterating the rationale of rotating into gold and silver mining, foreign, emerging market, value, and small capitalization equities and reducing US mega cap market exposure. […]
Does This Whiplash Market Signal A Paradigm Shift In Investing?
The S&P 500 has experienced extreme volatility this year as the Trump Administration has sought to fundamentally restructure global trading to eliminate trade imbalances, bring back manufacturing to the US, utilize the US buying power to address geopolitical conflicts, end fentanyl imports, end illegal immigration, pressure Brazil’s persecution of Jair Bolsonaro and so on…. Following […]
Does Blue Lagoon’s Mine Opening Signal A Generational Wealth Opportunity?
Blue Lagoon Resources, Inc. hosted its Dome Mountain mine opening ceremony in Smithers, British Columbia on July 9th, 2025 with over 100 people in attendance including Crescat Capital and Nicola Mining. We met with many of the company’s employees, consultants, contractors, bankers, and top investors over two days. Because mining is a notoriously challenging business, […]
The Rotation Continues: Sell Mega Cap Tech, Buy Foreign Stocks, Gold Miners, and MLPs.
Global markets remain uncertain and volatile. The Trump Administration has taken an audacious approach to trade, wars, economics, law, and immigration which has led to more market volatility than any US administration in modern history. The S&P 500 is expensive. This combination of overvaluation and uncertainty led to our timely warning that the market was […]
Nvidia’s Death Cross Argues for Tactical Asset Allocation Today
While the Death Cross sounds melodramatic, this technical indicator — when the 50-day moving average crosses below the 200-day moving average – historically precedes every major decline. While not every Death Cross leads to a major decline, it would be foolish to ignore this signal. Since March 19th, the Death Cross was breached by Nvidia […]
The S&P 500, NASDAQ 100, and Magnificent 7 stocks peaked in the first quarter of 2025
Simultaneously, foreign and emerging market stocks have turned up as did gold and value stocks reflecting a leadership rotation out of overvalued and over owned mega caps and into long dormant geographies and sectors. Through March 28, the table below shows the negative performance in the S&P 500, Dow Jones Industrial Index and NASDAQ as […]
Playing it Safe with Gold, Global and High Yield Values
7.5% Yield Portfolio Allocation. The US stock market is historically overvalued and should generate low single digit returns for the next decade. The enormous success of US technology has led to a bubble in the Magnificent 7 stocks and an irrationally exuberant market sentiment. We believe the best future returns will not be generated by […]