Jim RickardsJim Rickards

James G. Rickards is the editor of Strategic Intelligence, Project Prophesy, Crash Speculator, and Gold Speculator. He is an American lawyer, economist, 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.

Rickards’ Currency Briefing: A Weaker Dollar Is On Its Way

A bottom is in for the euro and sterling as the reality of weaker U.S. growth is beginning to intrude on the strong growth narrative. The EUR/USD and GBP/USD may hold their breath for a bit longer waiting for more data, but that information is coming. Trends all point to a lower U.S. dollar and higher euro, yen and sterling in the weeks and months ahead. That means excellent trading opportunities for you.

Gold Note No. 16

Gold price have declined recently even with 10-year note yields declining as well. As rates continue to fall in the weeks ahead, the dollar will weaken and the dollar price of gold will recover. Gold will regain its attraction as a safe-haven asset in the face of multi-trillion-dollar fiscal deficits and multi-trillion-dollar money printing binges. Upward momentum feeds on itself in the same way as downward momentum.

C.O.B.R.A. Buy Alert: A Signal on Euro Calls For 50% Gains

Currently, interest rates in Europe are mostly negative and near all-time lows but steady, while U.S. rates are coming down fast. That makes U.S. capital markets relatively less attractive and drives global capital allocations in the direction of Europe. The euro can be expected to gain based on those flows and that’s good for holders of long positions in today’s recommendation. Using the C.O.B.R.A. system, Jim and Dan recommend a long position in FXE as lower yields in U.S. markets mean a less attractive dollar, more attractive euro and potential gains for this ETF.

Buy Alert: Revisting This Cruise Ship Operator As New Reality Hits Hard

The travel industry is counting on pent-up demand to recover from the past year of being shut down due to the pandemic. But this wishful thinking is running headlong into the reality of a slow recovery, even with most of the pandemic in the rear-view mirror. Jim and Dan target this leading cruise ship operator as changes in consumer behavior and residual fears of cruise ship COVID contamination will result in declining profits and a stock price correction.

C.O.B.R.A. System Buy Alert: 50% Upside in Brazil ETF Calls

Brazil has recently emerged from a horrific third wave of infections with the same prospects as the U.S. for economic recovery, rate hikes and a stronger currency. In some ways, Brazil is tracing the experience of the U.S. with a nine-month lag. Using the C.O.B.R.A. system, Jim and Dan recommend a long position in EWZ is your chance to participate in currency-driven profits as global capital moves to Brazilian markets.