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News & Views

Gold at $3,000 and oil at $100 by 2025? Citi analysts don’t rule it out

There’s an off chance that gold prices could soar to $3,000 per ounce, and oil to $100 per barrel within the next 12 to 18 months, according to Citi. Central bank aggressive purchases, stagflation, and a global recession are catalysts that could drive the price of the yellow metal almost 50% higher, Citi analyst said. Gold prices could soar to $3,000 per ounce, and oil to $100 per[...]

Gold Demand Trends Full Year 2023

High gold price reflects strong demand Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows.   Annual gold demand (excluding OTC) of 4,448t was 5% below a very strong 2022. Inclusive of significant OTC and stock flows (398t), total gold demand in 2023 was the highest on record at 4,899t. Central bank buying[...]

Gold, When All Else Fails, Part 1: China’s Last Resort

A glimpse of America's future? Author: JOHN RUBINO Since the beginning of recorded history, people have viewed gold as 1) money and 2) something to be replaced by sexier financial instruments whenever possible. Today’s fiat currencies, for instance, exist because governments find creating “wealth” out of thin air much more fun than living with a fixed money supply. And[...]

CSPM – Wealth Allocation – January 2024

 Going into 2024 the CSPM™ asset allocation model looks like this: Equities overall, are rich.  Long-Term Bonds face supply headwinds from large increases in debt and credit expansion.  Shorter-Term Bonds and cash equivalents have attractive yields. Credit Spreads on Corporate Bonds are historically tight, agency mortgage spreads offer value.  Allocation to[...]

Gold Outlook 2024

Where do we land from here? Gold had a strong 2023, defying expectations amid a high interest rate environment, and outperforming commodities, bonds and most stock markets. As we look forward to 2024 investors will likely see one of three scenarios (Table 1). Market consensus anticipates a ‘soft landing’ in the US, which should also positively affect the global economy. Historically, soft [...]

Are We Too Dumb To Survive?

Sometimes it seems like it. Consider the following Author: JOHN RUBINO CBS News just conducted a poll that paints Americans as too economically illiterate to deserve a future of freedom and prosperity. Here’s how Tom Woods, author of Diary of a Psychosis: How Public Health Disgraced Itself During COVID Mania, addressed it in a recent mailing: Sometimes you look[...]

Recession Watch: Forget About That Soft Landing

Demand is cratering for houses, trucks, toys, you name it Author: JOHN RUBINO Americans have spent the past few years putting ever-bigger parts of their day-to-day lives on plastic. And now the stats are brutal: Total credit card debt recently pierced $1 trillion while personal interest expense has gone parabolic. Credit card usage, as a result, has dropped back below[...]

De-Dollarization Watch: It’s Definitely Happening

Author: JOHN RUBINO De-dollarization events that would once have been a big deal have become common lately. Some examples: UAE officially stops using dollar for oil trades (Watcher) - The United Arab Emirates (UAE) is asking BRICS countries to settle oil trade in local currencies and not the U.S. dollar. The Middle Eastern nation is aiming to diversify its economic[...]

Someday This Will Happen To Silver – And everything will change

Author: JOHN RUBINO In March 2022, there was a disruption in the nickel market that spiked the metal’s price. The lucky investors and market-makers who owned long futures contracts made fortunes. Just kidding. The exchange on which the futures traded canceled them and stiffed the contract owners. Some of the victims understandably brought suit and were awarded a massive victory [...]

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