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What Actually Causes Inflation | Steve Hanke
Oil shocks grab headlines, but Steve Hanke says they do not cause inflation. Hanke explains why money supply growth matters far more, why the 1970s are widely misunderstood, and why he believes the United States is likely heading toward more inflation, not less.

Small Caps Have Rarely Looked This Cheap Relative To Large Caps
Small-cap stocks have now trailed large caps for five straight years, matching one of the longest stretches of underperformance in recent market history.

The Panic Premium | M&A Activity About to Surge
The last gold bull market didn’t climax with price alone; it ended in billion-dollar buyouts and 30 to 60 percent premiums. From 2001 to 2011, gold surged from under $300 to over $1,500 before major players truly began scrambling for ounces. Today, with gold pressing historic highs again, investors are asking a familiar question: when does the panic premium return?

How to Think Like a Venture Capitalist in Small-Cap Markets
Small-cap markets reward investors who understand the difference between progress and proof. Aaron Hoddinott examines how venture capital thinking applies to sub-billion dollar companies across sectors like AI and mining, where announcements are often mistaken for outcomes.

Mexico’s Silver War: Cartels, Politics, and the Rising Risk to Global Supply
For centuries, silver has shaped Mexico’s fortunes and fueled conflict across its mining regions. As cartel violence intensifies in key production states, investors are being reminded that extracting precious metals in Mexico has never been purely about geology. The country’s long and dangerous history with silver may once again collide with global supply.
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