Powell Is Going To Let The Inflation Genie Out Of The Bottle

Peter Schiff explains the long term ramifications of the dovish speech by the Federal Reserve Chairman Jerome Powell:

Peter Schiff: The Fed Is Going To Let The Inflation Genie Out Of The Bottle

Hedge Funds Are Net Short Gold

The catalyst for the rise in gold and the decline in the US Dollar I believe was the dovish speech given by Jerome Powell in Jackson Hole. (...) Remember we've got a lot of people who are short gold. Now for the first time since 2001 the hedge funds are net short gold and I think they can get caught in a losing trade and have to scramble to buy back the gold that they sold.

A New Crisis Is Coming

We’re seeing a lot of warning signs people should be worried about, but again they’re dismissing them, much the way they did 10 years ago. You know, we’re getting close to the 10-year anniversary of the 2008 financial crisis. Remember, the whole thing started in August of 2008. Here we are August 2018, 10 years later. I think we’re heading for an even bigger crisis and the same people are even more clueless.