Authored by Greg Hunter via USAWatchdog.com,
Private investor Gordon Long contends the price of gold will shock the world when it revalues to reflect the massive amount of currency that has been printed globally.
Long explains,
“That is correct, and it won’t be something that is gradual, it will be very abrupt.
Odd day. Low volume, small range in stocks. Good macro. Some questions over just how 'miraculous' Trump's tax plan will be for the middle-class... but the day's trend across FX, bond, and commodities was set early on when Asia closed and dollar-sellers, bond-buyers, and precious-metal-purchasers came back to play...
Risk is "Contained"...
Via Baker & Company Advisory Group,
Yesterday, in its latest triennial Survey of Consumer Finances, the Fed admitted what had been obvious to everyone else: Fed policies unleashed over the past decade have made the rich richer, even as the American middle class has continued to shrink.
Despite the expert guidance of one Ben Bernanke, the world's once most levered hedge fund, Citadel, is reportedly returning money to some global hedge-fund clients.
Bloomberg reports that Ken Griffin’s Citadel LLC is forcing out some of the clients in one of its multistrategy hedge funds as it seeks to tighten up its investor base, according to people with knowledge of the matter.
The timing is intersting as Citadel’s move comes amid a revival of interest in hedge funds.