Jim RickardsJim 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 rescue of Long-Term Capital Management L.P. (LTCM) by the U.S Federal Reserve in 1998. His clients include institutional investors and government directorates.

His work is regularly featured in the Financial Times, Evening Standard, New York Times, The Telegraph, and Washington Post, and he is frequently a guest on BBC, RTE Irish National Radio, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. He has contributed as an advisor on capital markets to the U.S. intelligence community, and at the Office of the Secretary of Defense in the Pentagon. He has also testified before the U.S. House of Representatives about the 2008 financial crisis.

Rickards is the author of The New Case for Gold (April 2016), and four New York Times best sellers, Currency Wars (2011), The Death of Money (2014), The Road to Ruin (2016), and Aftermath (2019) from Penguin Random House. And his latest book, The New Great Depression was published in January 2021.

Gold Note No. 40

When does the gold price get a break? Gold investors are asking this question as the gold price continues not showing signs of a bottom. With Fed tightening in full force and another rate hike being announced at the July FOMC meeting, that break in gold’s downward trend could be coming soon. In today’s gold note, Jim details what could mark the start of a new gold rally.

Trade Alert: Clearance Prices For This Retail Stock Are Going Lower

Even if the economy is not technically in a recession, growth is unquestionably weak-to-negative, and the U.S. is likely to be in a recession later this year because of continued monetary tightening by the Fed. That’s bad news for big box store retailers that rely on high consumer discretionary spending. Jim and Dan recommend a put spread on this long-time retailer as Fed tightening will cause a recession that destroys consumer demand and deal a devastating blow to its business model and share price.

COBRA Buy Alert: 65% Upside in EWY Puts As Growth Slows

The latest economic indicators are showing most of the major global economies are either near or in a recession as growth slows worldwide. South Korea is caught in the middle between reduced inputs and declining demand for its outputs. Our C.O.B.R.A. system has signaled put options on this ETF as the best way to profit from an expected drawdown in the value of South Korean equities.