Many investors point to Kondratiev waves (also called supercycles or long waves) as a reason to invest in gold. The best-known advocate of the Kondratiev cycle may very well be Jaap van Duijn, a former executive of the Dutch asset management firm Robeco. A Dutch newspaper, Volkskrant, cites him: "Nobody exactly knows how the waves work, but everyone has to deal with them, just like gravity." Van Duijn emphasizes: "The economy is an organic whole. You almost have to look at it with the eyes of a... »
Kondratiev Waves Are Nonsense
March 1 2016
ABN Amro Raises Its Price Target for Gold from $800/oz to 1.300$/oz
February 22 2016
On November 5th 2008, Queen Elizabeth visited the London School of Economics. Her wealth had just decreased by more than 25 million pounds. The financial markets were in fire and flame and Her Majesty wasn’t spared during the market’s massacre. The Queen’s response? She asked, aloud, "Why did nobody see this coming?"
... »Markets Are Crashing, Gold Is Up 18%: What Now?
February 15 2016
Market correction? Check. Gold price up? Check. Are banks in trouble? Check. Has confidence in central banks declined? Check. All of this is no surprise for our regular readers. After all, they were prepared. A year ago I started warning for an 'unmistakable (financial) hurricane.' Our readers knew
... »Forget about Inflation, Economic Growth or Employment…the Fed Is Mostly Concerned with Stocks
February 10 2016
In 2015, the Fed decided to delay an interest rate hike several times; it was going to be the first hike in nearly ten years. The hike was initially planned to take place in June, but was then delayed. After that, September became the designated month. However, it took until December before the Fed finally used its main policy instrument.
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