To The Moon

With only one week remaining before the U.S. presidential election, there’s a growing sense of uncertainty in the air. Investors are wondering how to position their money, bracing for the possibility of significant volatility and market shifts. While some hedge funds are making bold moves on so-called “Trump trades,” we at U.S. Global Investors see things differently. In fact, I share billionaire hedge fund manager Paul Tudor Jones’ recent outlook on gold and Bitcoin (which validates what I have been writing about for many years). Like him, we currently favor alternative assets as the smart play going forward. It’s not that we’re betting against stocks or the economy, which we believe will do well over time no matter who wins the White House next month. Nevertheless, the writing

If you’ve been paying attention to the markets, especially in recent months, you’ve likely noticed something interesting happening with nuclear energy stocks. Shares of companies involved in uranium and nuclear, like NuScale Power, Oklo, Cameco and Centrus Energy, have been surging, driven in large part by groundbreaking nuclear energy deals with major tech firms. This trend isn’t just another market blip — it’s part of a larger movement that has far-reaching implications for investors, especially as we enter the age of artificial intelligence (AI). Nuclear energy truly appears to be staging a major comeback. The AI Boom and the Need for Power You don’t have to be a tech expert to know that AI is changing everything. From self-driving cars to advanced data analytics, artificial i

With over 36,000 metric tons in reserves — about one-fifth of all the gold ever mined — central banks know something we should too: Gold is the ultimate safety net. Since 2009, these institutions have been net buyers of the precious metal, and in the past decade alone, they’ve scooped up one out of every eight ounces produced globally. If these guys are loading up on gold, shouldn’t that tell you something about where your own portfolio should be? While fiat currencies can be printed at will (and we’ve seen plenty of that lately), gold remains a finite resource. I believe that makes it the go-to asset when economic uncertainty rears its head. Countries all over the globe have re

A year ago, I shared with you my thoughts on the immigration crisis, both here in the U.S. and Europe. At the time, there was speculation that international bad actors may be at least partially to blame for the record numbers of immigrants pouring across the U.S. Southern Border and arriving by boat in Southern Europe. Below is an update to the story. Immigration is once again making headlines (has it ever stopped?), and it’s not just the sheer numbers that have people talking. Concerns about mass immigration — both legal and illegal — have dominated political and economic conversations in the U.S. and Europe. Although the number of migrants crossing into the U.S. has eased

On Tuesday, gold hit a new all-time high of $2,670 an ounce, continuing a remarkable rally that’s seen the precious metal gain over 27% since the start of the year. If 2024 ended today, it would mark the best year for gold since 2010, when the asset finished up nearly 30%. Despite the momentum, many investors still aren’t paying attention to what I consider to be one of the most obvious opportunities in the market today: gold stocks. Some investors might be hesitant to buy into gold at these prices, but I believe there are several factors that suggest the rally still has room to run. Central banks around the world are entering a new phase of monetary easing, and investors — Western retail investors in particular — are finally starting to recognize gold’s value as a hedge against

For years, the U.S. has been the dominant player in military spending, with American companies like Lockheed Martin and RTX (formerly Raytheon) commanding the global arms market. But now, Europe — specifically its arms manufacturers — may be the next big opportunity for savvy investors. A recent, long-awaited report by Mario Draghi, former Prime Minister of Italy and former head of the European Central Bank (ECB), paints a clear picture: Europe needs to boost its defense spending. Draghi’s report outlines a plan to increase national defense budgets, prioritize defense research and development (R&D) and reduce Europe’s dependence on U.S.-made military equipment. T

As we move into the final stretch of 2024, many investors may be asking themselves: Is it time to give airline stocks another look? According to a new report from Bank of America (BofA), the answer might very well be yes.Despite the turbulence the airline industry has faced in recent years — from pandemic shutdowns to winter storms to rising fuel prices — the winds may finally be shifting in the industry’s favor. With fuel costs easing and pricing power returning, there are several reasons to believe that now could be an ideal time to reconsider the sector.Let’s walk through the reasons why BofA analysts believe airline stocks are ready to take off again, and why I agree.Tailwinds for the Airline IndustryBofA points to four key tailwinds that could help the airline indu

The U.S. economy could be heading into choppy waters, and investors may be wise to buckle up. Recent data suggest that storm clouds could be gathering, with declines in U.S. manufacturing, a softening labor market and worrisome signs from the bond market all pointing to possible trouble ahead. Manufacturing production signaled a significant weakening in demand in August. The S&P Global U.S. Manufacturing PMI posted a reading of 47.9, its lowest level in 2024 so far. Any PMI below 50 indicates contraction, and this is now the second consecutive month of declines. Weakness in manufacturing isn’t just a concern for the stock market. The industry is contracting at a time when Kamala Harris, the incumbent-party presidential candidate, is hoping to run on the administration’s economic&n

As I write this, gold is trading just under $2,500 an ounce after surging past the psychologically important level for the first time ever in mid-August. For seasoned gold mining investors, this should be a moment of validation. After all, the yellow metal has long been seen as the ultimate hedge against economic uncertainty. And yet, despite the bull run, gold stocks — those companies that mine, process and sell the metal — are trading at historically low valuations relative to the market. This apparent disconnect offers contrarian investors an extraordinary opportunity. Rising Yields and the Gold Selloff Explained But first, why is this happening? The primary culprit for this disparity, I believe, lies in the impact of interest rates and

Last week, before she accepted the Democratic Party’s nomination for president, Vice President Kamala Harris threw her support behind President Joe Biden’s tax proposals for 2025, which include a steep 44.6% capital gains rate and an unprecedented 25% tax on unrealized gains. I’ve spoken before about the absurdity of taxing unrealized gains. Today I want to discuss another alarming measure Harris supports: price controls. For those unaware, price controls are a type of government regulation that sets limits on how much prices or wages can