Global Capital. Clear Intelligence.
Q: You seem to have a healthy respect for Martin Armstrong’s work. He’s made some spectacularly correct predictions. What is his current position on the gold market, and do you agree with him? A: We seem to get the same results for different reasons. He works with cycles and compiled a database and developed the … Read more
Recently, the Honduras homes and businesses of the family of Jaime Rosenthal were raided by the Honduran government. The properties themselves were seized and other assets taken. The family-owned bank was also seized and has been forced into liquidation, creating potential financial crisis for its 220,000 clients. Throngs of angry clients, unable to go about … Read more
James Grant, Wall Street expert and editor of the investment journal Grant’s Interest Rate Observer, warns of ever more extreme central bank policies and bets on the comeback of gold. The global financial markets are under severe stress. The postponed interest rate hike in the United States, the fast cooldown of the Chinese economy and … Read more
From a purely mental perspective it’s a snap. We know when the low will occur and the gold market will turn from a bear to a bull. It will happen when most market participants expect a higher future price than the then spot price plus the cost to carry. Ludwig von Mises, in Human Action, … Read more
Q: A roughly 20-year bear market in gold and gold mining shares ended approximately with 9/11. What role, if any, did 9/11 play in this major market turn? A: First of all, my view is that markets are made by human reaction to events. The reaction is a subjective judgement. Objective events do not move … Read more
Q: Mark Farber recently observed that the USA economy based on savings, capital investment and production did well from about 1820 to 1971 and, based on money printing, from 1971 to today, has not done well. Your comments? A: Mark Farber is a real economist and competent wealth manager. He is not a political propagandist … Read more
Q: Graham Summers, the Chief Market Strategist, at Phoenix Capital Research, has submitted an article: A Road Map For How the Crash Will Play Out (see: excerpt below). It has been republished by Zerohedge: http://www.zerohedge.com/news/2015-09-01/road-map-how-crash-will-play-out Do you agree with the analysis related to the above statement by Graham Summers? A: This article is definitely worth … Read more
US stocks closed higher on Monday as market sentiment was bolstered by an agreement for a third bailout program between Greece and its creditors. S&P 500 closed 1.1% higher with all 10 main sectors finishing with gains. The dollar strengthened, with US Dollar Index rising 0.8% to 96.7520. European stocks rose sharply as Stoxx 600 gained 2%, … Read more
You Need To Be The Economic MVP Every Year After a lifetime of earning and saving, one might expect a comfortable and financially secure retirement, especially with a reliable financial advisor – right? “Life is rarely that simple or black-and-white and, unfortunately, neither is the financial realm,” says Bryan S. Slovon, founder and CEO of … Read more