By Howard Gold | June 28, 2018 A recession could decimate even substantial retirement portfolios, and Social Security and Medicare are facing shortfalls. Almost lost amid the torrent of recent news was a sobering item that will surely have far-reaching consequences. The U.S. government announced that for the first time since 1982, it is tapping into …
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By Stephen Dinan | Published June 26, 2018 The government is now staring at $100 trillion in total debt, the Congressional Budget Office said Tuesday, chronicling the disastrous trajectory of federal fiscal health. The eye-popping figure, part of the CBO’s latest long-term budget projections that look out over the 30-year window, foresee plenty of grim …
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By Anine Kilian | Published May 2, 2018 JOHANNESBURG (miningweekly.com) – Although gold exploration budgets have fallen from a ten-year peak in 2012, spending on finding new gold ounces remains at historically high levels, a report from S&P shows. It points out that $54.3-billion has been allocated to goldexploration over the past decade, almost 60% …
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By The FatCat Investor | June 25, 2018 The most significant event in monetary history since 1971 occurred a few weeks ago. An event that threatens to upend the global balance of power, the economy of the world, and your portfolio. To understand the significance of this event and the potential scale of its consequences, a …
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By Annie Gilroy | Published June 21, 2018 J.P. Morgan: $1,400 gold While J.P. Morgan (JPM) lowered its price forecasts for gold, it remains bullish on the metal. It believes that gold prices could leave their tight trading ranges behind and march toward $1,400 per ounce by the third quarter. As reported by Kitco, JPM economist …
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By Olivier Garrett | Published June 20, 2018 (Photo Illustration by Scott Olson/Getty Images) The World Gold Council recently released an insightful report titled, Gold 2048: The Next 30 Years for Gold. This report looks at overarching demographic, technological, economic, political, and social trends around the world and their implications for the gold market. The …
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By Mark DeCambre | Published June 19, 2018 ‘We’ll have monetary policy, which will exhaust really quickly, but we don’t have any fiscal stabilizers’ says Jones. Paul Tudor Jones Paul Tudor Jones, a hedge-fund luminary, on Monday said the next economic downturn confronted by the U.S. could be an ugly one. “The next recession is …
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By Natasha Turak | June 19, 2018 A market correction is inevitable even without trade war fears, billionaire investor Jim Mellon told CNBC’s “Worldwide Exchange” on Tuesday. Mellon is not alone in suggesting that today’s stock market is the most overvalued on record — more so than in 1929, 2000 and 2007. Tuesday looks set …
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Mark Oliver | June 18, 2018 China is determined to become the world’s next superpower. They already have plans in motion to make it happen, and Chinese president Xi Jinping has publicly declared that he wants China to be leading the world by 2050. If China gets their way, we’re going to see our world …
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By Sruthi Shankar | June 15, 2018 (Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New …
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