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Bitcoin: The Sleeping Giant

Bitcoin: The Sleeping Giant

I am the first to admit I thought the price of bitcoin would shoot up high after the block reward halving. Afterall; this is a once in 3 to 4 year event which causes the incoming supply to cut in half immediately. On the last halving day 4 ½ months less than 4 years...
Decades of Wealth Destruction

Decades of Wealth Destruction

Dear Members, For the last ten years the largest gold producers in the XAU have destroyed shareholder value! They have: Increased aggregate net debt from $1B to $41B Increased common shares outstanding by over 100% by carpet bombing investors with paper (2.07x) Yet...
The 74-Trillion Dollar Question…

The 74-Trillion Dollar Question…

Dear Reader, Of the nearly 800 trillion in the derivatives markets, Deutsche Bank owns approximately 74 trillion! This bank is doomed! Even the IMF recently said that Deutsche Bank is the greatest risk to financial stability. “Among the globally systemically important...
The Message from Bond and Stock Prices

The Message from Bond and Stock Prices

Dear Reader, Stocks are at all-time highs, and so are bonds. Although, this is happening for two very different reasons: stocks are at all-time highs because the markets are pricing in more stimuli from central banks, as well as the fake jobs numbers that point to an...
How To Play The Biggest Risk

How To Play The Biggest Risk

Dear Members, FMT Advisory has one of the best trends records in the entire investment universe. We also have some of the best bottom-up research and industry connections in the world. Our largest trend concern has only gotten worse, and that is our fear of long-term...