Tuesday, November 21st, 2017 MST

Category: Economic Crisis

What to buy?

Recently a client wrote: “In 2004, I started buying gold and silver because of increasing US debt, thinking that inflation would come about and the dollar would suffer.  Now David Stockman (former Budget Director under Ronald Reagan) forecasts imminent doom for the stock and the bond markets.  And, I agree that it will most likely

Big names bullish on gold

Marc Faber, famed investment advisor, fund manager and publisher of The Gloom, Boom & Doom Report, noted in his October 2017 issue that the Fed’s announcement about implementing quantitative tightening has depressed precious metals and mining stocks.  He then added, “I shall use the current weakness to increase my position in physical precious metals.”

Gold, silver hammered

Gold and silver prices were hammered this morning, gold down $20 at its low, silver down $.60. Both recovered only slightly. It is no coincidence that the metals dropped in what is one of the slowest commodities trading days of the year, tomorrow being the 4th of July with most bullion house traders in the