Jeff Opdyke

Feb 13, 2025 | jadio.co | Jeff Opdyke

Another day, another record for gold prices. Just sitting here at my desk, whipping up a tweet to comment on gold relative to stocks and bonds, and I look at my trading screen and there’s gold, surpassing a new high above $2,940. Frankly, I now think my base-case gold price of $3,250 for 2025 might be too conservative. But I guess the more relevant topic today is: Why is this happening, El Jefe?

Jan 12, 2025 | jadio.co | Jeff Opdyke

We are now just days away from Trump v2…In the weeks since DJT reclaimed his right to occupy the Oval Office, I and much of the rest of the economically cognizant world have been reading tea leaves and consulting our Ouija boards, trying to divine just where Trump will lead us all, based on his declared policies…If you’ve been reading Field Notes in the wake of the election, you’ll know that my primary concerns have been for the economy and the financial markets.

Jun 22, 2024 | jadio.co | Jeff Opdyke

We’re gonna take a small victory lap today. The risk here is that karma steps up, slaps me upside the head, and says, “Never do that again, El Jefe! Just be humble and move along, you little braggart…”So be it…The victory we’re lapping has to do with the oil market. For many a moon now, I’ve been writing here and in my monthly Global Intelligence Letter that the oil market has a big move higher in its future.

Jun 20, 2024 | jadio.co | Jeff Opdyke

Another day, another sign—or five—that the illness is probably terminal. The mainstream financial press seems to be overlooking these signs, or at the very least lazy in not connecting the dots. Sort of like a doctor not commenting on a patient’s obesity, chain-smoking, addiction to chili-slathered bacon triple cheeseburgers, and the fact that the dude downs a 12 pack of Miller High Life and Redbull every day. No worries about that grapefruit-sized tumor in your lungs. Probably benign.

Jun 13, 2024 | jadio.co | Jeff Opdyke

War games. Every country plays them. Dark scenarios contemplating a range of risks—both likely and fantastical—to stress-test national defenses and gauge how a country might react. Basically, conspiracy-theorist fan-fiction meets Hollywood blockbuster screenwriter. By which I mean, these war-game reports can be fascinating reading and provide some insight into the shadowy corners of the world most of us never think about as we’re running from work to Becky’s dance recital.