Frank DeVechioFrank DeVechio

Frank is the managing editor for Jim Rickards’ Project Prophesy, Jim Rickards’ Strategic Intelligence, Jim Rickards' Crash Speculator, Jim Rickards’ Unrestricted Clearance, Nomi Prins’ Dark Money Millionaires and Nomi Prins' 25 Cent Trader.

He attended East Carolina University in North Carolina where he studied finance and economics. Frank has also written copy for Paradigm Press readers centered on a keen interest in macroeconomic issues. Before joining Paradigm Press, Frank owned a family business and learned the value of working with the community and concerns of everyday investors.

July Portfolio Update

As Jim discussed in this month’s briefing, the U.S. is already in a recession which is slowing the economy and impacting consumer discretionary spending. We still expect oil and gas stocks to outperform most other sectors while consumer discretionary stocks will have difficulty pushing through cost increases to customers. With the Fed risking a policy mistake by tightening into a weakening economy, gold continues to be a better store of long-term value than U.S. dollar bank deposits that pay below-inflation rates of interest. For now, Dan gives guidance on all the open positions.