"America's History Forever Changed!"
Gold last traded at $1,322 an ounce. Silver at $16.50 an ounce.
NEWS SUMMARY: Precious metal prices dipped Wednesday on profit-taking and a firmer dollar. U.S. stocks extended losses as investors fretted over downbeat earnings and rising interest rates.
ETF Manager Renounces Emerging Markets to Pile Into Gold -Bloomberg
"What do you do when you're sure global stocks are running out of gas, rising rates are about to pummel bonds and your models show the only emerging market worth a bet is India? You buy gold, of course. Fritz Folts did just that earlier this year after slashing his holdings of exchange-traded funds backed by stocks and cutting to zero his exposure to broad emerging-market ETFs, focusing instead on the U.S. and Japan. He says...markets aren't paying enough heed to the next round of U.S. Federal Reserve hikes. '2017 has left the building,' said Folts, 60, who oversees $800 million as chief investment strategist and managing partner at 3EDGE Asset Management LP in Boston....'We will definitely have more volatility this year,' Folts said. 'And gold can help us there.'"
"America's History Has Been Forever Changed!" -Craig R. Smith/Coast to Coast AM
Unbeknownst to most Americans, on March 23, 2018, the course of American history was forever changed as the result of irresponsible government leaders from both parties. "The consequences will soon impact the lives of every man, woman and child for decades to come," Swiss America Chairman Craig R. Smith said last night to millions of Coast to Coast AM listeners. Mr. Smith went on to explain why the passage of the $1.3 Trillion Omnibus spending bill, which funds the federal government until Sept. 30, 2018, marks the beginning of the end of America. When asked his market outlook Craig then detailed why many billionaires, like Microsoft founder Bill Gates, big Hedge fund manager Ray Dalio, and JP Morgan co-president, Daniel Pinto are now calling for a major drop in the markets very soon. Mr. Smith believes our nation faces only two options to bring the U.S. economy back into balance; a total global debt reset, or massive money printing, resulting in inflation. When host George Noory asked about the future prospect for gold prices, Craig said he shuns specific predictions, but for the first time in his 36 years of leading Swiss America, he sees the possibility of $5,000 an ounce gold, given the current global debt. Smith's passion could be felt over the airwaves, as he challenged listeners to take action, by getting educated and protecting the next generation from the crushing debt that our political leaders are laying upon them. Craig ended the interview by offering a free copy of his latest special report, THE CRASHLESS SOCIETY.
America's Economy Whimpers... It Doesn't Roar -Bonner/Bonner And Partners
"After the second-longest expansion ever... 'more than full employment'... inflation under 2%... stocks near record highs... and a 400% increase in the S&P 500...shouldn't everyone be rich? And from the White House we hear that not only is the economy great... it's getting better! Donald J. Trump: 'America is strong and roaring back. Paychecks are climbing. Tax rates are going down. Businesses are investing in our great country. And most important, the American people are winning.' It really seems to be the best of times and the worst of times. Or... is this 'best of times' story a form of fake news? Colleague and budget advisor under President Reagan, David Stockman, has done a superb job of sorting through the data. 'Paychecks are keeping pace with inflation, nothing more. Just as they did during the Obama years. Real business investment has been on a downward trend for at least the last 7 years. That trend is still in place....Which leaves the American people not winning at all. They have only been able to continue spending by taking a half-billion dollars out of their savings... leaving them deeper in debt and more vulnerable to a downturn than ever before.'....The strength of the U.S. economy is fake news. But in public policy, fake news is the only kind of news there is..."
Oil Is Fast Approaching $70. Is the Economy Ready for It? -Wall Street Journal
"Oil prices are headed toward $70 a barrel, a weight on the U.S. economy that is bearable for now but could pose trouble if prices keep climbing. The last time U.S. oil prices were at $70, in 2014, they were in the middle of a steep collapse. Many investors believed then that prices would soon stabilize, or even recover. Instead, they continued to plunge, eventually hitting a bottom in 2016 at $26. That tumble caused acute pain for oil producers, whose troubles rippled out into stocks, bonds and the broader economy."
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Latest Feature Commentary
2018: Year of the Bubble?
By Craig R. Smith
- Today a growing number of highly respected business leaders, such as Bill Gates and BlackRock CEO Larry Fink, are recommending urgent preparation for a major drop in the U.S. stock indexes. In March, Bank of America analysts warned that 13 of 19 Bear Market indicators for stocks have now been triggered.