Brian Hyland

Michael Pento – Gold Setting Up for Huge Spike Higher

Financial analyst and money manager Michael Pento says, “I think it is setting up for a huge spike higher. I don’t think the time for that to start is exactly now, but the gold market is catching a bid here. The big boom in gold and gold mining shares will be when we have a watershed moment, when the market realizes in mass the central banks have lost control of the economy and the money supply. That is coming very, very soon, no later than the middle of 2018, and it could probably happen this fall, and that is when the market understands that central banks don’t really control interest rates. They cannot control the long end of the yield curve, and they will destroy economic growth and stock markets across the world. That is the big moment when you want to pile into gold. If you don’t have any gold, you should have at least 10% always. That’s your base level. . . . Hard assets will go through the roof.”

Join Greg Hunter as he goes One-on-One with Michael Pento of Pento Portfolio Management.
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Morning Snapshot: Gold jumps to new 6-week high as Q2 GDP disappoints

Gold jumped to a new 6-week high in the wake of this morning’s disappointing Q2 GDP data. The dollar has already retraced most of yesterday’s bounce, lending ongoing support to the yellow metal. The advance Q2 GDP print was in line with expectations of 2.

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Gold rally falters ahead of U.S. growth data

LONDON (Reuters) – Gold held near six-week highs on Friday though its recent rally appeared to falter as investors awaited U.S. gross domestic product (GDP) data for more clues about the pace of U.S. monetary policy tightening. Stronger than expected growth would leave the U.S.

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A $30 billion hedge fund identified a potential trigger for ‘the next financial crisis’

Business Insider Baupost Group’s head of public investments, Jim Mooney, warns that high levels of leverage, or borrowings, and low volatility could bring about the next financial crisis. He pinpoints hundreds of billions of dollars of investments that are linked to volatility.

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‘Counter-sanctions possible, trade war between EU & US would be very bad’ – German economy minister

Speaking to ARD television, Brigitte Zypries warned of a trade war between the European Union and the United States. She also said that new US sanctions may harm German companies and hamper Berlin’s ties with Washington.

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A Momentous Decision About Ukraine: The Suicide of the IMF

The International Monetary Fund was perched on a precarious branch that has now been cut down out from under them. The IMF Executive Board met in Washington on the evening of Sept. 14. The biggest issue on their agenda was whether to approve a $1 billion loan disbursement to Ukraine. And they did.

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Massive Hack! Italy’s Largest Bank Has 400K Accounts Stolen In Security Breach [VIDEO]