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Why "The Atomic Deacon" Would Love This "Tech" Play
His name was William G. Pollard.
His nickname was “The Atomic Deacon.”
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William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints with Gannett Co. Inc., and The Baltimore Sun.
Bill has covered finance and investing, economics, manufacturing, the defense sector, biotechnology, and telecommunications. The companies he’s covered include Eastman Kodak, Xerox, Harley-Davidson, Caterpillar, Westinghouse Electric, Verizon, MedImmune, and Black & Decker.
His most-memorable interviews include: former President Richard M. Nixon, General Electric CEO John F. “Jack” Welch, Forbes magazine publisher and former Presidential candidate Steve Forbes, and business-turnaround specialist and helicopter-industry pioneer Stanley Hiller Jr.
It was Bill’s work covering Eastman Kodak Co., during the last half of the 1990s that solidified his reputation as one of the nation’s top analytical business journalists. With his award-winning reports on Kodak’s competitive travails, he consistently scooped his competitors in the national business media. His chronicles of Kodak’s turnaround efforts took him to China, Japan, Silicon Valley, New York, Washington, D.C., and even Hollywood.
His work has appeared in Kiplinger’s personal finance magazine, USA Today, and The South China Morning Post, among other publications. A winner of approximately two-dozen journalism awards – including top honors from The Associated Press and the prestigious Society of American Business Editors and Writers (SABEW). Patalon is also the co-author of the Prentice Hall book, "Contrarian Investing: How to Buy and Sell When Others Won’t and Make Money Doing It." Before taking over Money Morning, he served as the editor of The Rebound Report, an investment newsletter focusing on turnaround stocks.
Today Bill is the creator and editor of Private Briefing. With his latest project, he takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish… and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.
Bill has a BA in Print Journalism from Penn State University, and an MBA in finance from the Rochester Institute of Technology.
We're just over halfway through one of the most exciting, dramatic market years in living memory.
Between the extreme volatility that marked the first few months and the financial bloodbath of the Brexit vote, it's been a gladiatorial fight to the death for investments to keep their heads above water.
Unless you're in gold.
It's already the "Winner and World Champion" of the post-Brexit market, thanks to a truly global flight to safety.
But now I think it's time we take that a step further.
Within the past two weeks, the yellow metal hit two-year highs, while bond yields hit all-time lows, as world markets were caught in a protracted reaction to the Brexit. Gold has pulled back just a bit, but this is some of the clearest confirmation yet that we're in a fresh new gold bull market.
Since the start of the year, the precious metal has shown returns above equities, Treasuries, investment-grade bonds, currencies, and major stock indexes in both emerging and developing countries.