TRENDS & TAIL RISKS™

A monthly publication dedicated to the principle that deeper and broader knowledge drives superior investment results

World Beating Performance in Silver

By Lewis Johnson - Chief Conclusion Notable outperformance by silver equities suggests we are just at the beginning of a new and extended precious metals upcycle. Overindebtedness is driving this bull market..

Demystifying the Business Cycle

POSTED ON June 17th - POSTED IN Prices Allocate Resources, Cycles, Indicators

By Lewis Johnson - The rainy season is well underway here in sunny South Florida. Each day I can confidently predict that the weather will be hot and humid with a good chance of afternoon showers. I can even track by[…]

Why Credit Matters

POSTED ON April 22nd - POSTED IN Credit, Indicators

By Lewis Johnson - I have always been a very curious person. I can’t help but research and study some of the most paradoxical issues in the market. My goal is always a deeper understanding of how the financial world[…]

Balancing Insight with Timing

By Lewis Johnson - “Science advances one funeral at a time.”

Gold: Lessons from the Depression

POSTED ON August 20th - POSTED IN Gold, Indicators, Relative Value of Gold (and Credit)

By Lewis Johnson - Last week’s Trends and Tail Risks noted that there is more money to be made being long the solution than there is in shorting the problem. We are convinced that over indebtedness is the world’s[…]

Lewis Johnson
Chief Investment Officer

Author of Trends & Tail Risks

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