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Gold became a Tier 1 asset for large U.S. banks on Tuesday, July 1, 2025, which means they do not have any reserve requirements. That makes gold attractive to money center banks. According to the Bank of International Settlements (BIS), Gold has “zero risk.” Is there...
(Written by Bert Dohmen, contains excerpts from our latest July 2025 Wellington Letter) The current hype is that the Fed will cut rates soon, and that even if the markets weaken briefly, the rate cuts would boost stocks. Beware of that fairy tales! There is an old...
It is puzzling how analysts on TV can be bullish on the market now with all the international havoc and disasters. Remember that stock valuations are near record highs with the indices just a few percentage points from record highs as well. Anyone buying now must...
(Written by Bert Dohmen, contains excerpts from our May 25, 2025 Wellington Letter) The PE ratio of the S&P 500 is now around 23.7, down from a P/E of around 28 just a few weeks ago, which is the highest (most expensive) in at least 150 years of this chart (via...
The crash we saw late last week was among the most severe we’ve seen in our 50 years of experience in the markets. Last Thursday, April 3, over $2.7 trillion of market value was wiped out of the S&P 500. The following day (April 4) another $3.3 trillion was...
(Written by Bert Dohmen and Dion Dohmen, contains excerpts from our March 9, 2025 Wellington Letter) Analysts in the media are puzzled right now and say they don’t see anything fundamentally wrong with the markets or economy. This shows their error of using gut...
(Written by Bert Dohmen and Dion Dohmen, contains excerpts from our latest March 9, 2025 Wellington Letter) With the heavy selling the markets are experiencing, now is not the time to go bargain hunting. We explained to our valued members in Sunday’s (March 9,...
(Written by Bert Dohmen, contains excerpts from our latest February 23 Wellington Letter, titled “The Great Unwind”) We have often written that Bitcoin has a good correlation with the stock market. Over the past few weeks, we’ve been showing subscribers to our...
(Written by Bert and Dion Dohmen, contains excerpts from our January 26, 2025 Wellington Letter issue) In our latest Wellington Letter (published this past Sunday, January 26), we warned of a pullback that would start this week, saying, “last Friday (January 24,...
(Written by Bert Dohmen, contains excerpts from our latest Wellington Letter published November 24, 2024) In 1980, we did a cycle study of gold going back about 400 years. Of course, we had to go back to the early years in England. Our cycle studies in 1980 said there...
