-
Gold Wins While Switzerland Leading the Race to the Bottom!
- September 10, 2019
- Posted by: Orkan Ozkan
- Category: News
No CommentsOnce the banking capital of the world, Switzerland now sports a negative .75% interest rate, thereby wrestling the “Race to the Bottom” title away from the perennial leader, Japan. In an effort to counter China’s currency devaluation attempts, America has unwittingly unleashed an interest rate race to the bottom. By weakening the dollar against other
-
An Economic Slowdown Seems Inevitable
- September 3, 2019
- Posted by: Orkan Ozkan
- Category: News
The 10-year Treasury note wasted no time diving to its lowest level since 2016, following a report today from the Institute for Supply Management (ISM) indicating an August contraction in the U.S. manufacturing sector, for the first time since early 2016. After reviewing the report, Ian Lyngen, Head of Rates Research at BMO Capital Markets
-
Trade War Tribulations Shine a Bright Light on Precious Metals
- August 15, 2019
- Posted by: Orkan Ozkan
- Category: News
President Trump made a bold campaign promise to drastically cut the trade deficit with China and has been on an urgent do-or-die mission since taking office. Unfortunately, the Chinese trade deficit achieved an all-time record last year of nearly $420 billion, trade tariffs have been successfully countered by China, and President Jinping continues to display
-
Gold Is Running Up And The Stock Market Is Running On Empty!
- August 8, 2019
- Posted by: Orkan Ozkan
- Category: News
Gold surged to a six-year high yesterday, while the stock market struggled all day to nearly recovering from an initial and practically instantaneous six hundred point plunge. The stock market was responding to the increased pressure being exerted by the Trump Administration’s labeling of China as a “currency manipulator” for attempting to mitigate American tariffs,
-
Business Conditions Are Going From Bad To Worse!
- June 14, 2019
- Posted by: Orkan Ozkan
- Category: News
06/14/2019, Los Angeles / Morgan Stanley just released a report indicating that, “Business conditions are at their worst level since the 2008 financial crisis.” Stanley’s proprietary “Business Conditions Index” is reported to have fallen 32 points last month, making it the “sharpest collapse since the metric was formulated.” The BCI, as well as a separate
-
There is a Black Hole at the Center of Our Economy!
- May 30, 2019
- Posted by: Orkan Ozkan
- Category: News
05/30/2019, Los Angeles The S&P 500 double-topped in September of 2018 and by December it had dropped more than 20%. Last month, the S&P double-topped again and since then it’s been one step forward and two steps back, so no one should be the least bit surprised if it’s down at least 20% before the
-
$1.2 Trillion Trade War Sell-Off May Just Be the Beginning!
- May 15, 2019
- Posted by: Orkan Ozkan
- Category: News
Since May 3rd, the S&P 500 has lost $1.2 trillion. At its low on Monday, the DJIA was down 700 points, or about 2.7%. The S&P was down similarly. But the NASDAQ lost more than 3.5% due to the greater concentration of companies in industries that are most affected by the current trade discord with
-
The Economy is not Fine, It’s Financed!
- May 13, 2019
- Posted by: Orkan Ozkan
- Category: News
Following a conversation with Steve Eisman, the Neuberg Berman Group money manager who famously predicted the collapse of subprime mortgages in advance of the 2008 financial crisis, Bloomberg is reporting on his new and equally disturbing concern, that the U.S. corporate debt market will suffer “massive losses” if the U.S. economy falls into recession. The
-
Fed’s Banking Report Unveils Factors That Should Concern Investors
- November 30, 2018
- Posted by: Orkan Ozkan
- Category: News
Two years into Jerome Powell’s tenure as Fed Chairman, the Fed has apparently acquired a new outlook on the country’s economic condition. During yesterday’s banking system, corporate and business debt report, the first of its kind, the Fed acknowledged and actually warned of “generally elevated” asset prices that “appear high relative to their historical ranges.”
-
Increased Retirement Contribution Limits May Be Too Late To Help Baby Boomers!
- November 14, 2018
- Posted by: Orkan Ozkan
- Category: News
As the U.S. government slowly awakens to the reality and ramifications of a $21 trillion national debt and the ‘Borrowing from Peter to pay Paul’ accounting practices that have both Social Security and Medicare in danger of an undeniable need for emergency attention, it was announced on Thursday, November 1, that the maximum amounts of
How can we help you?
Contact American Bullion with any questions about your Gold IRA and investment strategies. Our agents are ready to help get your started!