In a semi predictable economic environment, gold price forecasts from some of the major investment banks have been accurate. In early 2018, Citi projected gold to end the year at $1,270; Goldman Sachs projected $1,275 around the same time. These projections were extremely accurate. In 2019 Citi and Goldman see gold prices hitting $1,350 and […]
I’m writing this blog on a day where our national debt is over $24 trillion; the Dow took an 800-point nosedive; and the world is about to turn its back on the US dollar, or as Vladimir Putin said in a recent Bloomberg article, We aren’t aiming to ditch the dollar, the dollar is ditching […]
Just one week after former Federal Reserve Chair Janet Yellen warned of another 2008-style economic crisis, another former Fed Chairman issued an even more somber economic warning. Alan Greenspan, who served as Federal Reserve Chairman for near 20 years under four presidents, said investors should, run for cover amidst recent stock market volatility.
Last week we saw a significant stock market rally in the wake of a positive meeting between President Trump and Chinese President Xi Jinping. The two leaders agreed to a truce on new tariffs and to negotiate towards a new trade deal. This meeting came on the heels of positive retail numbers to start the […]
Nearly every investor can appreciate the recent growth in the stock market but also understand that stocks on all major indices stand near record high valuations by nearly every valuation metric. Pundits have been warning of a top to the current market rally for years only to see another year of growth.
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