Category Gold

This past week a noted and almost revered institutional investor hall of famer Richard Bernstein turned bearish on the earnings of U.S. companies and the fortunes of the upcoming 2020 stock market. He became contrarian on the future direction of…

This past week a prominent government official vociferously objected to the massive runaway spending that the U.S. Congress continues to pursue. Even as Fiscal Year 2019 ended with an enormous federal budget deficit, Fiscal Year 2020 only worsened the trend.…

One consistent trend over the last few years is the dangerous rise of American consumer debt. This past week the news revealed that the U.S. consumer has again pushed this category of debt to another all-time high in September. The…

The news this week revealed that September set new records for both central bank and ETF gold buying. Central banks continued their gold buying spree as they diversified their currency reserves out of American dollars in a big way. For…

In the last few weeks, the news has emerged that corporate debt has reached its highest all-time level in recorded history. Possibly worse news is that half of this debt rates at only BBB, a single level over junk status.…

This week saw the deadline for Brexit move uncomfortably and dangerously close with no breakthrough on the negotiations between Great Britain and the EU in sight. As of today there are only 22 days left until Britain leaves the EU…

This past weekend saw a major successful attack on Saudi Arabia’s oil production facilities and one of its largest oil fields. It resulted in over five million barrels of oil exports being taken offline. The most severe sudden disruption of…

This week saw the announcement that China has increased its gold reserves by 5.91 more tons for the month of August. The new figures mean that their aggregate official gold buys for year 2019 are up to nearly 100 tons,…

This past week saw two key pieces of news released in the U.S. On the one hand, the Federal Reserve has purchased a substantial amount of Treasuries for its first time in nearly five years. In the last two weeks…

This past week saw a scathing attack on the U.S. dollar from America’s closest ally. Bank of England Governor Mark Carney became the latest key policy making figure to suggest putting a system into place that cuts the dollar out…