Independent Analyst
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Pater Tenebrarum is an independent analyst and economist/social theorist. He has been involved with financial markets in various capacities for 31 years and currently writes economic and market analyses for independent research organizations and a European hedge fund consultancy as well as being ...more

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Crypto-Mania Resurrected
Even the most ardent cryptocurrency bulls are probably slightly slack-jawed at this juncture and can hardly believe it.
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Death Of An Inter-Market Correlation
For a long time Japanese stocks have been little more than a mirror image of the yen – rising when the yen lost ground and falling when it strengthened. This has changed rather noticeably of late.
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US Money Supply – The Pandemic Moonshot
It started out with Jay Powell planting a happy little money tree in 2019 to keep the repo market from suffering a terminal seizure. This essentially led to a restoration of the status quo ante “QT”.
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In Gold We Trust, 2020 – The Dawning Of A Golden Decade
As this year’s In Gold We Trust report is published, gold has finally clearly re-entered a bull market.
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Investing In The Post-Corona World
Central bankers appear to be quite convinced that they will be able to keep a lid on any untoward developments.
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Gold Stocks – A Show Of Strength
Since the September 2018 low, the gold sector is outperforming the broad market. As the HUI-SPX ratio shows, its outperformance has recently accelerated.
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Maybe The West Should Adopt Iran’s Nuclear Weapons Policy
With the onset of the democratic age and the idea of “total war” avoiding civilian deaths has tragically fallen by the wayside, the consequence of which has made warfare far more bloody and destructive.

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