Nov 10, 2016

Trump: The Bond Market Is Giving A Flashing Warning Signal

Donald Trump is intending to increase government spending in infrastructure to create jobs, on national defense to keep us safe, on taking care of the veterans, to build a wall...He is talking about massive increases in spending and at the same time he is talking about substantial cuts in taxes. He wants to cut the corporate tax rate, he wants to cut the individual tax rate. This is something we have not seen since Reagan. Donald Trump is going to run into a brick wall that did not exist at the time of Reagan and the bond market is really giving a big flashing warning signal.

Nov 4, 2016

The Only Way Central Banks Could Hurt Gold Prices

The only way to really hurt gold would be for Central Banks to become aggressive inflation fighters, to really get in front of the curve, to raise interest rates substantially. I do not see any of that happening! (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Nov 2, 2016

Gold: A Down Payment On Much Larger Returns

I think this recent gold (SPDR Gold Trust ETF (GLD)) correction is just a down payment on much larger returns. When the year began everybody was bearish on gold because everybody expected the federal reserve to hike interest rates, not just hike once but begin the much hyped and anticipated normalization process. Because interest rates have been at zero for many, many years and the Federal reserve was beginning to normalize interest rates. What I said at the time was, (A) I did not believe it, even if the Federal Reserve raised interest rates it would not matter because they would never deliver the number of interest rate hikes that were anticipated by the markets.

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