Gold Speculator Portfolio Update

Jim shows you why the markets have now priced in a 100% chance of a Fed rate hike in December. This means that Treasuries, euros, gold and yen have all found a bottom. They're just waiting for confirmation from the Fed in a few weeks. This sets up one of Jim’s favorite trading situations. He calls it the "asymmetric trade." When something is fully priced in, the happening of the event does not move prices. But if the event does not happen, prices move violently to reprice for the unexpected outcome. This means you have a "Heads I win, tails I don't lose" situation. We’ll find out which way this is going to go on Nov. 30 when the Fed releases PCE core inflation data results. For now, Byron shares the latest news on our open positions.

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Jim Rickards’ Gold Speculator with Byron King

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Jim Rickards

James G. Rickards is the editor of Strategic Intelligence, Crash Speculator, Gold Speculator and Tactical Currency Profits. An Ex-CIA insider, he is also an American lawyer, economist, government advisor and investment banker with 40 years of experience working in capital markets on Wall Street. He was the principal negotiator of the...

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