“My precious metals positions are my largest positions, by far,” wrote Fred Hickey in his June High-Tech Strategist newsletter. Why would an analyst of high-tech stocks make his largest investment position be in gold? Because he is a bear on stocks, especially high-tech stocks, and because he recognizes a bubble when he sees one. Although
Unless you know exactly what you’re doing, responding to TV ads is a guaranteed way of taking losses on gold/silver investments. Here’s an example of a $127,000 loss on a $296,363 investment made when the price of gold was lower than it is now.
Last week, Switzerland’s government pension fund took delivery of its first physical gold under a new program of buying gold bars, which have to be stored in Switzerland. Previously, the fund used “swaps,” which were only window dressing and the gold involved in the swaps could be stored outside the country. More countries are starting
Excesses are signs of economic tops. They readily appear in stocks, real estate, and art. If inflation is running amuck, gold and silver can see excesses. Right now, though, we can be certain that there are no excesses in the metals.
Whenever corporate debt-to-GDP has had sharp runups, reaching levels of 40% plus, recessions have followed. Three times since 1986, aggressive taking on of corporate debt has been followed by recessions.
Listening to analysts and economists who are frequent guests on financial programs, you might conclude that higher interest rates — which the Fed is imposing — will be good for the economy. No, they won’t.
If you watch the financial news networks, especially Fox, you are told that “All is well,” that the economy will grow this year somewhere near 3% and that stocks are still good buys. However, there are indicators of strains on the economy that are not often mentioned on Fox.
So far this year, gold has outperformed stocks, up 2.5%, about what the Dow Industrials are down, for a 5% difference. Still, gold’s performance this year has been disappointing to many investors considering the huge downside moves that stocks put in this year. For 2017, the S&P 500 gained 19.4%, the Nasdaq 28.2%, and the
According to news wire reports, gold’s $20 plus upside move today is part of a rush to safe havens. US Treasuries are up also, which means that yields are down. The blame, again according to reports, lies with the tariffs that Trump laid on Chinese imports. China fired back with tariffs of its own. Will
Millennials, It was astonishing that when Ron Paul dropped out of the 2012 presidential race many of his followers jumped to supporting Bernie Sanders, an avowed socialist. Ron Paul, of course, is a libertarian who rails against socialism in all forms.