Top Stories This Week: Inflation Rises, Ross Beaty Shares Advice for Gold Investors
This video was filmed on June 10, 2021. Gold remained below US$1,900 per ounce for the most part this week. Market watchers were waiting on the latest US inflation data — the Consumer Price Index, which tracks a basket of…
Inflation is like ‘cocaine addiction’, the Fed is hooked and wants more – E.B. Tucker (Pt. 1/2)
Headline inflation came out stronger than expected on Thursday, at 5.0%, as compared to the consensus expectation of 4.8%. The government wants higher inflation and is creating policies that would be conducive to higher prices and higher wages, said E.B.…
Why did Friday’s jobs report miss expectations? Is the economy in trouble?
Friday’s nonfarm payroll report showed that the U.S. economy added 559,000 jobs in May, slightly shy of consensus expectations of 675,000. The unemployment rate is now at 5.8%, the lowest level since the start of the pandemic. Alain Corbani, portfolio…
Inflation is not a concern; these trading signs are much more important – Bill Baruch
Spikes in commodity prices, as well as used cars and trucks, are likely to remain transitory said Bill Baruch, adding that the Federal Reserve was right about inflation projections. “Inflation really is not a concern for me. Here’s the thing,…
Ron Paul: Bitcoin should be legalized as money, let it compete with Dollar
With Bitcoin having faced regulatory pressures in Turkey and China, investors are concerned if more regulations will be placed on the cryptocurrency in the U.S., especially now that the newly appointed Chair of the SEC, Gary Gensler, has announced that…
Bitcoin to hit $307k by October, then $12.5 million by 2031 – Robert Breedlove
With news that the People’s Bank of China is curtailing Bitcoin in financial transactions in China, as well as tweets from Elon Musk that spooked the cryptocurrency market, investors have questioned the “store of value” moniker attached to the world’s…
Fed ‘forced’ to raise rates this year; stocks to throw tantrum, gold to rise – Todd Horwitz
The bond market is already signaling a rate hike from the Federal Reserve this year, according to Todd “Bubba” Horwitz of BubbaTrading.com. “I think they’re going to be forced, by the bond market, to raise rates this year. I think…
‘Significant damage’ to hit this market, why investor is in 35% cash – Ted Oakley
The end of this current bull market cycle will be marked by “significant damage,” said Ted Oakley, founder and partner of Oxbow Advisors, who have currently allocated 35% of their investments into cash. Oakley told David Lin that one of…
Real estate bubble is about to pop, invest here for safety – Scott Rothbort (Pt. 2/2)
Watch part 1 of the interview: https://youtu.be/gmHFgSTxkyU With housing becoming more unaffordable in certain areas, mortgage defaults will start to rise, but most of the real estate slowdown will happen in the commercial end, not for residential real estate, said…
We’re returning to the ‘70s era of social decay, crime, and stagflation – Scott Rothbort (Pt. 1/2)
The most dangerous part of the recently released 4.2% headline inflation, the highest since 2008, is the fact that higher labor costs haven’t even kicked in yet, said Scott Rothbort, president of LakeView Asset Management. Rothbort said that the economy…
