Jim Grant has long been skeptical of the mechanization of the Federal Reserve. He was warning about the distortions created in the markets and broader economy caused by the central bank’s monetary policy long before the monetary Hail Mary it threw up in response to the coronavirus pandemic. Last month, Grant wrote an op-ed for […]
Gold pushed above $,1800 last week, although it wasn’t able to hold that level through close on Friday. The yellow metal finished the week around $1,799 an ounce. But on his podcast Friday. Peter Schiff said there was nothing bearish about the yellow metal not holding $1,800 on a weekly basis. In fact, overall, the […]
Gold just had its best quarter since 2016 and finished at its highest level in over eight years. But Q2 2020 wasn’t an anomaly. Gold has charted gains for seven consecutive quarters. That represents the longest quarterly run of gains for the yellow metal since the 2008 financial crisis. Looking at the price chart, it’s […]
Earlier this week, we reported Goldman Sachs now forecasts record gold prices within the next 12 months. Well, Goldman isn’t the only mainstream player turning more bullish on gold. In a note published Tuesday, Bank of America said gold can hit record highs before the end of 2020 if its rally continues to breach key […]
Last week, we reported Yale economist Stephen Roach’s warning that “the era of the US dollar’s ‘exorbitant privilege’ as the world’s primary reserve currency is coming to an end.” Roach isn’t the only person in the mainstream sounding the alarm about the dollar’s demise. In a note published last week, Guggenheim Investments Chief Investment Officer […]
The mainstream just went super-bullish on gold. Bank of America raised its 18-month price target to $3,000 per ounce in a report titled, “The Fed Can’t Print Gold.” BoA was already pretty bullish on the yellow metal, forecasting a record $2,000 per ounce within the next year-and-a-half. According to a report released by the bank
Why is the mainstream financial media mostly ignoring gold? Peter Schiff talked about it in a recent podcast. He said the investment pundits are missing the boat on a “no-brainer” investment. The stock market has continued its pattern of wild swings this week. The Dow Jones was up 456 points on Wednesday after a better
On Wednesday, Congress finally agreed on a government stimulus/bailout plan to battle the economic impacts of coronavirus to the tune of over $2 trillion. Meanwhile, the Federal Reserve has committed to monetize the debt with QE to infinity. Practically speaking, we’re talking about trillions of dollars being injected into the US economy –
After the worst week since 2008, the stock market rallied on Monday on the hope of central bank stimulus. In his March 2 podcast, Peter Schiff said he doesn’t think the Fed’s easy money can keep the air in the stock market bubble. But the stimulus overdose will likely propel gold to new highs.
Gold broke out this week. The yellow metal pushed through the $1,600 level and continued to climb. Conventional wisdom tells us this is all about safe-haven buying due to fear that the coronavirus will stunt global economic growth. That is certainly a factor. But could there be more to it than that?