Gold “Chart of The Decade” – Maths Suggest $10,000 Per Ounce Says Rickards
James Rickards, economic and monetary expert, joined Bloomberg’s Francine Lacqua on Tuesday to discuss the gold “chart of the decade”, his new book “The New Case for Gold,” why gold is money and why gold is going to $10,000/oz in the coming years.
Gold in USD – 10 Years (GoldCore)
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The banquet of consequences is about to be served.
If we step back and look at what's happened since the Global Financial Crisis of 2008-09, it's easy to see that the global leadership has chosen to do more of what's failed spectacularly.
Despite surging stock prices in April, UMich's final Consumer Sentiment print slipped to 89.0 (from 89.7 prelim and 91.0 previous) notably below expectations and the lowest since September 2015. Under the covers though, it was "hope" that really plunged, as Consumer expectations dropped to 77.0 - the lowest since September 2014. However, worst of all for The Fed is that medium-term inflation expectations tumbled back to 2.5% record lows.
Hope is plunging...to 18 month lows
"America doesn’t trust you anymore. That’s the truth... and that’s not one party, that’s both" raged former Senator Tom Coburn during a hearing before the Senate Committee on Homeland Security and Governmental Affairs this week.
Whether the establishment likes it or not, and it evidently does not, there is a revolution going on in America.
The old order in this capital city is on the way out, America is crossing a great divide, and there is no going back.
Donald Trump’s triumphant march to the nomination in Cleveland, virtually assured by his five-state sweep Tuesday, confirms it, as does his foreign policy address of Wednesday.