Does the “Washington Consensus” on big finance still exist under the Trump administration?
In tracking major trends in the global gold trade (i.e. large-volume sales), there are two (sometimes related) factors that tend to provide the clearest macro picture: central bank net purchases and raw domestic import number for various countries.
The victory of the Liberal Party in last Wednesday’s parliamentary election in the Netherlands led to elation, if not jubilation, among establishment politicians throughout the European Union. The far-right Freedom Party (PVV), led by the incendiary Geert Wilders, did not gain as many votes as pollsters predicted, but still managed to gain five seats to […]
President Donald Trump has promised, both while on the campaign trail and since he’s been in office, to aggressively pursue tax reform. This has been a key GOP priority for decades: the last major tax reform undertaken by Congress came under the Reagan administration in 1986. However, the squabble over how the tax code ought […]
Traditionally, since at least the Great Depression, the U.S. government has consistently discouraged (at times, outright prohibiting) its citizens from owning gold. There are a number of reasons for this.
One of the most sensitive secrets protected by the Washington establishment—more so than its surveillance programs, its nuclear arsenal, or even Area 51—is the massive cache of gold reserves held at the federal depository in Fort Knox, Kentucky.
There has always been a class of contrarian investors who boldly believe that the economic data published by government agencies, such as the much-maligned Bureau of Labor Statistics (BLS), is faulty. Whether this inaccuracy is through incompetence or conscious design is up to interpretation. Even though the Trump administration has wasted no time in shaking […]
Inflation is picking up. The U.S. economy is gradually improving. The stock markets are at all-time highs. Official unemployment numbers are as low as they have been in decades. In sum, the case for the Federal Reserve to accelerate the glacial pace of its path toward interest-rate normalization is growing stronger. Yet that is hardly […]
One of the rallying cries for the successful underdog presidential campaign of Donald J. Trump was that voters needed to “Drain the Swamp” of Washington, D.C. Unfortunately, it seems a few crocodiles have still crept into the incoming Trump administration.
Following the historic election of Donald J. Trump as the 45th president of the United States, would you expect to see “The Donald” appear on a coin? Bernard von Nothaus, the notorious creator of the “Liberty Dollar®,” is way ahead of you!
Donald Trump’s victory in the US Presidential election has been the greatest global disruption of the year, far surpassing the Brexit vote in the UK. The general consensus is that he is committed to the largest deficit spending campaign in decades, which has thrown markets into a massive realignment. Two markets that will be the […]
After more than a year of tireless campaigning and unprecedented invective, this election cycle has finally come to a close. While many voters are relieved to have the vitriol and controversy behind them, the financial markets have not taken kindly to the lack of clarity that a transition to a Trump administration in the White […]
With the presidential election finally upon us, investors have been clamoring for trades that will prove especially effective following the results of today’s vote. Yet, with negative news and controversy swirling around the Clinton camp, the presidential race has tightened considerably. This has thrown expectations for a loop. Aside from how the markets—particularly for gold—will […]
In most cases, the uncertainty over which party will occupy the White House in a presidential election year is a cause for some anxiety in the financial markets. Certain industries or asset classes are more sensitive to a victory for one candidate over the other, depending on the Republicans’ or Democrats’ proposed policy platforms. (For […]
The next few months could be a bumpy ride for gold prices, according to analysts at Citigroup.
We’re nearing the end of another election year. If you haven’t already been exhausted by the wall-to-wall news coverage and attack ads on television, you only have about six more weeks to reach an appropriate level of disgust. More importantly, the clock is running out on getting ahead of the curve to election-proof your portfolio. […]
In a fairly baffling reversal from just two weeks ago, the stock markets in the U.S. have not only recovered but are now climbing to never-before-seen heights.
There’s definitely some truth to the claim that once the public has gold in their possession, you’ll find it hard to take it back from them! This is apparently no truer any place else than India, where a government initiative known as GMS has been almost entirely ineffective.
The frenzied presidential election event affectionately known as “Super Tuesday” is upon us! Although all of the media focus has been all over this momentous day when over 20% of the states in the Union will cast their votes in each party’s primary election, the affect on the markets is equally important. Super Tuesday could […]
As I’m sure you’ve already noticed, we’re in the midst of an election year. It’s hard to avoid the constant, wall-to-wall media coverage of the political circus surrounding the Democratic and Republican Party nomination contests. This places a wedge between two groups in the country: one group is energized and excited to support their favored […]