Jim RickardsJim Rickards

James G. Rickards is the editor of Strategic Intelligence, Project Prophesy, and Crash 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 three New York Times best sellers, The Death of Money (2014), Currency Wars (2011),and The Road to Ruin (2016) from Penguin Random House. And his latest book, Aftermath was published in July, 2019.

Gold Note No. 6

While other factors affect gold prices, including geopolitics and inflation, interest rates will drive the price of gold in the near term. In today’s gold note, Jim gives insight on why a turnaround in the 10-year Treasury note yield-to-maturity is coming soon. When yields are pushed back below 1%, gold prices will soar past $2,000 per ounce. The time to position for this rally in both gold and the price of gold mining shares is now.

New Prophesy Buy: 200% Upside As Barrick Attracts Momentum Crowd

The Bros have turning stock markets upside down in recent days with heavy hedge fund losses from shorting GME and other stocks. Either forced selling by hedge funds or the emergence of a banking crisis would be enough to cause a huge spike in the price of gold as fear displaces greed in global markets. Jim and Dan target this gold miner as the best way to profit from this destabilization of the financial system or market fundamentals causing a breakout for gold to the upside.

Trade Alert: Stiffer Competition Will Hurt This Streaming Giant (And An Adjustment on SCHW!)

The success of Netflix is undeniable. But, with success comes competition, including direct attacks on their model from much larger firms in the entertainment space. The ability of Netflix to beat quarterly expectations does not speak to the long-term challenges the company faces. Jim and Scott target this streaming giant as stiffer competition and slower growth will send its stock price lower. Also, we have a second adjustment trade for our SCHW position today.

Gold Note No. 5

Gold is priced and sold in many currencies other than the U.S. dollar. Foreign exchange and interest rate markets are among the most efficient in the world, much more efficient than stock markets. In today’s gold note, Jim gives insight on how exchange rates, interest rates and gold prices are connected.