I have been warning about the overvalued stock market for some time. Because we are clearly moving into a very troubling economic period, I have suggested you take profits you have in stocks and move them to the safety of gold. The problems that I have described are so apparent that even the Federal Reserve […]
October 24, 2018: Investors hit by another DOW tumble as another 608 points are lost. – The stock market has given up all of its 2018 gains. – The Dow Industrials have already lost 7.1 percent of their value just this month. – The NASDAQ is currently having its worst month since November of 2008. […]
Mixed Week for Gold Starts with Rally It was a mixed week for gold this week. Monday started out with gold continuing its upward move from last week and crossing $1,330 midweek. On Friday though it fell to just over $1,320. Silver also had a midweek spike. By Friday though, metals pulled back initially as […]
Possible Trade War? It’s Time to be Looking Back at the Smoot Hawley Act of 1930 History has a cyclical way of repeating itself, and looking back at the Smoot Hawley Act could provide some crucial lessons right now. The big news of the week for the economy was President Trump’s announcement that the U.S. […]