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Roads Out Ahead
While the top story of world markets continues to be centered around the Strait of Hormuz and US and Iranian negotiations and actions, I want to examine 3 other roads that all investors should watch as they develop. Private Credit Road Dissecting the Bear Stearns Hedge Fund Collapse What were the holdings in the two hedge funds by Bearn Sterns that closed in 2007? Did Collateral Debt Obligations in 2007 use leverage? What are the assets in private credit funds? Do private c
Doug Wakefield
1 day ago6 min read


Up, Plateau, Then...
As we close out February 2026, I want to shoot this out quickly. My hypothesis: the major US stock indices are very tired. Let's look at where we have been at the END of the last few months. Look at these three major stock markets in the world. The NASDAQ is leading to the downside, followed by the S&P 500. The Dow is slowing. All are at the plateau stage or a little on the downside. Now let's put these numbers into pictures. Along with this data, I jump to the other side of
Doug Wakefield
Feb 272 min read


50,000 or 5%, Watch Both
We start first with silver, since it has been the hottest story to talk about. As you can see, in just 7 days of trading, it lost almost 50%. To continue at this pace, it could reach the $50 level next week. But as Friday revealed, when it does hit a bottom, money looking at the longer term could pile in, thus a sharp rally. JP Morgan and Goldman certainly seem to think that going lower would only be short lived . JPMorgan analysts projected a silver floor between $75 and $80
Doug Wakefield
Feb 73 min read


Metals: Leap, Plunge, 50 Nations Come To Washington
Good morning. I have been reading or listening to commentary on the metals markets because of the historic drop we saw that started last Thursday. Since my writings are not set up for quick commentary, I wanted to share some links with you instead. I will have more to add to this post by Saturday. One of the best interviews I heard was just yesterday, February 3 rd . The interviewer and interviewee have decades of experience in the metals markets. Being a technical guy wh
Doug Wakefield
Feb 42 min read
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