Gold's new highs means the Fed's reflation campaign is already starting to work.

It couldn't be clearer. For the Fed, reflation is not just a mission but a mandate.

It's simple arithmetic -- failure to extend today's tax rates will cause a new recession.

Risking the errors of 1937 and 1930, this is where we either learn from history or repeat it.

Buy the dip in gold. Global reflation remains the dominant strategic factor.

Today's go-nowhere numbers put pressure on congressional incumbents and the Fed.

Gold, sure. But do rising stocks really mean more Fed asset purchases will boost growth?

Correction is inevitable, but our instinct is that there will be a better moment to sell.

The new conventional wisdom is QE will be small -- but committees do unexpected things.

The "Zarnowitz Law" has been repealed. After a record drop, the economy refuses to grow.