John Lee

John Lee, CFA is Executive Chairman of Prophecy Development Corp.  Mr. Lee is also an entrepreneur with degrees in economics and engineering from Rice University. Under John’s leadership, Prophecy raised over $100 million and acquired substantial silver mining projects in Bolivia and coal mining projects in Mongolia. His website is  www.prophecydev.com

Articles by John Lee

With US major equity indices near all-time highs, investors concluded 2016 with great optimism. A new era is dawning with Trump's US presidential election victory in November. The US Dollar Index broke through the psychological 100 level,...
I came across a very interesting article by David Rosenberg, titled “Bonds are the new stocks and stocks are the new bonds' in which, Mr. Rosenberg made several astute observations: “…as the first of the boomers turn 70, [2016] was the...
I want to focus on the composition of China’s foreign reserves, explain why the liquid portion of the reserves may be much smaller than widely believed, and how that situation is bearish for RMB and bullish for gold.
“On May 22, 2015, Yi Gang, the Vice-Governor of the People’s Bank of China (the “PBoC”) said at a forum in Beijing that “It’s not necessary”1 to bolster growth by devaluing the yuan. Mr. Yi pointed to China’s trade surplus, which has...
There are countless tips on how to make money. This article is not about that. Rather, we examine the definition of money, what makes good money, and how some bad monies stay bad while others have become acceptable through new ideas and...
First we would like to clarify the term inflation and the cause of it. We define inflation as the increase in the supply of paper money, or M3 in the modern world. Popular press defines inflation as a general increase in the price level...
The total world's holdings of gold could be transported by a single solitary oil tanker.