Economic activity in Venezuela will fall 10% in 2016 – not 8% as previously stated - according to the IMF. General Mills, Bridgestone, Coca-Cola, Kimberly-Clark, Aeromexico, Lufthansa and LATAM Airlines have all suspended operations there in the past year. Upcoming debt payments are significant, and the country will most likely default as early as November of this year and no later than April of next year. International reserves are simply insufficient at a time when oil production declines and the economy contracts. Two questions in the air: Will China save Venezuela? Will it demand Maduro step down?
Read More »An Unsettling Look At the Unprecedented Risks the World Is Facing
Investors globally have never faced risk of the magnitude that the we are now exposed to but, sadly, very few are aware of the unprecedented risks the world is facing. For the ones who understand risk and take the right decisions, it will “lead to fortune”. Only very few will choose that route, though. Instead most investors will continue to...
Read More »Stocks Are In a Bubble By Virtually Every Reasonable Metric
While CNBC and other perma-bulls claim that the stock market is a great investment today, the smart money is already prepping for a disaster. Goldman Sachs has told its clients to “sell at the new high.” Credit Suisse just told its clients stocks “haven’t looked this worrisome since the tech bubble.” They’re correct. Stocks are in a bubble by virtually every reasonable metric.
Read More »Conditions For Gold, Silver and Their Mining Stocks Are Looking REALLY Good – Here’s Why
Gold, silver and their mining stocks will perform much better than they did during the first part of the bull market. Here's why.
Read More »Bank for International Settlements Throws Cold Water On Perma-bears & Gold Bugs
At the end of June, the BIS, or the central bank for central banks, produced its annual report, which is a must-read for investors interested in the global economy, macroeconomics, as well as gold, whose price is to a large extent shaped by macroeconomic factors. What does the report imply for the precious metals market?
Read More »Desperate Venezuela: The Moment Of Financial Reckoning Looms Larger
It’s somewhat understandable - but highly regrettable - that Venezuela is parting with its gold so readily in the midst of this economic turmoil. Gold has traditionally been a source of security for countries looking to hedge against currency volatility; and heaven knows Venezuela has had more than its share of that. The bottom line? They’re giving up the only security they have left.
Read More »These 5 Gold & Silver Equities Should Continue To Outperform
Precious metals thrive on volatility – the more uncertainty in the markets the more gains silver and gold will likely see - but how can investors make a rational decision regarding which specific stock to choose in this sector? One idea is to select those that have a positive net income. These stocks are generally safer as their costs have been normalized and are being covered by inflows of revenue and cash. The silver and gold stocks on our list today exhibit positive EPS figures, which we think will benefit its investors.
Read More »Gold Has Had Its Moment – Here’s Why
I believe that the market is no longer fearful and that gold has had its moment. After a multi-year rout gold began to pick up pace in 2016 when uncertainty seemed to be omnipresent but my view has stayed consistently positive as I have not identified any material weakness in the economy. Let me explain why that is the case.
Read More »Yahoo’s 20-Year Roller Coaster Ride Finally Ends – What Happened?
The saga surrounding one of the world’s most recognizable internet stocks has come to a close. Yahoo has finally sold its operating business to Verizon – and the price was only $4.8 billion. What happened?
Read More »Top 30 Fortune 500 Firms with Cash in Offshore Tax Havens
Today’s infographic looks at the 30 companies in the Fortune 500 index with the most holdings in offshore tax havens.
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