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Multiple Texas Bills Look to Challenge Fiat Currency
ByDeanTwo Texas bills filed by state Rep. Mark Dorazio, HB1049 and HB1056, propose creating gold and silver-backed transactional currencies as legal tender in the state. These bills would require the Texas Comptroller to issue these currencies through the Texas Bullion Depository, ensuring full backing by gold and silver. The bills aim to offer an alternative…
Goldman Sachs has a new blowout forecast for gold
BySirhcCritical information for the U.S. trading day A weaker day is setting up for stocks on Tuesday, as optimism over U.S. stimulus progress and vaccine news starts to fade, and attention turns to the start of a two-day Federal Reserve meeting. The asset that stole the show on Monday, of course, was gold GCQ20, 0.69%, which climbed to…
Gold Will Beat U.S. Stocks in Turbulent Market, Strategists Say
BySirhcGregor Stuart Hunter, Bloomberg News (Bloomberg) — Gold and U.S. stocks could part ways during a fresh round of market turbulence, ending a three-month period in which their returns were almost yoked. Renewed deterioration of the global economy and more lockdowns to prevent Covid-19 from spreading should hit equities but leave gold standing, according to Societe…
It ain’t political…
BySirhcIt ain't political, it's structural: End the Fed, impose some external budget constraint. Until then, we uniparty right off the fiscal cliff. https://t.co/0VBEMsQdef — Peter St Onge, Ph.D. (@profstonge) April 20, 2023
Gold Strategy
BySirhcInvestors continue to find the Equity markets attractive even with no end in sight to the China and Brexit negotiations. With investors feeling confident that their investments are in good shape, safe haven investments like Gold and Bonds can be overlooked at this time. But let us not forget that in 2018 market sentiment flipflopped…