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.


Trade Alert: Gain 170% As GM Sales Run Out Of Gas

With a new wave of COVID spreading, the U.S. economy is slowing. Also, pandemic-related lockdowns and travel restrictions are returning to American life. This will hurt automobile travel and automobile sales. Jim and Dan target a leading automobile manufacturer that faces an overvalued stock price, a temporary production shutdown, the ongoing effects of the pandemic and a future bet on EVs that may backfire. These headwinds will depress its stock price in the coming weeks.

Trade Alert: Gain 170% As GM Sales Run Out Of Gas

With a new wave of COVID spreading, the U.S. economy is slowing and pandemic-related lockdowns and travel restrictions are returning to American life. This will hurt automobile travel and automobile sales. Jim and Dan target a leading automobile manufacturer that faces an overvalued stock price, a temporary production shut-down, the ongoing effects of the pandemic and a future bet on EVs that may backfire. These headwinds will depress its stock price in the coming weeks.

Gold Note No. 19

The Central Bank of Russia has almost quadrupled Russia's gold reserves over the past twelve years. Turkey and China are consistently large gold buyers as well. This shows that gold is considered an important form of money by the most powerful nations in the world. If gold is good enough for the U.S., Russia, China and Japan, it's good enough for your portfolio also. With favorable prices, the time to build your target allocation is now.

C.O.B.R.A. System Buy Alert: Another 50% Opportunity in FXI Puts

Ideological and security-related stock headwinds will be exacerbated by a coming currency war as China cheapens the USD/CNY cross-rate by devaluing CNY to boost its slowing economy. The combination of tech wars and currency wars is a recipe for a drawdown in the FXI price. Using the C.O.B.R.A. system, Jim and Dan recommend a short position in FXI as an expected decline in the CNY will set up a plnnge in the next few months for this heavily-weighted ETF.

Trade Alert: This Stock Is Not As Strong As Steel

Slowing growth, stagnant wages, higher precautionary savings, and the pandemic all weigh on consumer demand for appliances, autos, new buildings, and other manufacturing and construction applications that require steel. That stagnation feeds back into producer demand for steel itself. Jim and Dan target a leading steel manufacturer as a recent overbought rally will result in lower earnings and a correction of its stock price.

Gold Note No. 18

One should not be discouraged by the recent two drawdowns in gold prices. Instead, one should be encouraged by gold’s resilience as it has rebounded each time. Meanwhile the forces that will take gold higher including an emerging liquidity crisis, slowing GDP growth and falling interest rates are positioning gold and Treasury notes as the go-to assets in what could be a financial panic in the months ahead.