The mix of a newly dovish Fed and a dangerous geopolitical landscape will send gold soaring well past the $1,300 per ounce level and give it a good head start toward the next milestone of $1,400 per ounce. For now, here are our latest thoughts on our open positions…
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As the mainstream media lambasts President Trump on his performance at Helsinki, a bigger story was missed that will impact the financial health of every citizen. In Byron’s analysis, he looks at the economic side of these two great powers and why owning gold is more important than ever.
The weak-dollar plan is in play through the end of the year. The good news for investors in gold and gold mining stocks is that a weak dollar means a higher dollar price for gold. It's that simple. The time to move into gold investments is now, before the rally pushes gold a lot higher. For now, here are our latest thoughts on our open positions…
Right now the market is fully priced for a Fed rate hike in December. Jim’s forecast is that there will be no rate hike in December because disinflation evident in the data will not turn around quickly. When the market reprices to reflect this "no rate hike" scenario, probably in late November, you can look for rallies in gold, gold miners, Treasury notes and the euro as recent dollar strength goes into reverse on the no-rate-hike news. For now, here are our latest thoughts on our open positions.
Vladimir Putin commented on his expectations for the future of the U.S. dollar. Ultimately, Putin wants his money back. All in all, this makes for a global monetary dynamic that offers another reason why you should own gold and own shares in well-run mining companies. Also, this week’s Data Shot and Five Gold Nuggets.
The combination of a weaker dollar and Fed ease is perfect for gold. Since gold has held its own in an adverse environment, it should soar in a favorable environment. Look for $1,300 gold by late summer or early fall. For now, here are our thoughts for each of our open positions.
As the dollar strengthens from another interest rate hike, gold prices have fallen. But the same Fed moves that make the dollar attractive now will ultimately cause monetary destruction with overwhelming debt. This week, Byron gives his insight on how poor policy moves by the Fed along with looming geopolitical disasters are a hidden strength in investing in gold and gold mining companies.
