Июль 20, 2017

Where did baby boomers go wrong? This generation isn’t financially prepared for retirement

Retirement is right around the corner for baby boomers — if they haven’t already entered it — yet so many are financially unprepared. Baby boomers, or those born between 1946 and 1964, expect they’ll need $658,000 in their defined contribution plans by the time they retire, but the average in those employer-sponsored plans is $263,000, […]

Июль 17, 2017

A Tale of Two Gold Markets

In the early morning hours of Monday, June 26, gold fell about 1%, from $1,254 per ounce to $1,242 per ounce, in a matter of seconds. And that the equivalent of 1.8 million ounces of gold were sold at once. The 1.8 million ounce amount is equivalent to about 59 metric tons of gold. That’s […]

Июль 13, 2017

The “Big Lie” of Market Indexes

Last week, I received the following email from a reader which I thought was worth further discussion. “In a recent article “Signs of Excess – Crowding and Innovation” Lance stated ‘Note the chart above is what has happened to a $100,000 investment in the S&P Index. While the S&P index has soared past previous highs, […]

Июль 10, 2017

The Crash of 1929 — But somewhere, deep down, they knew the party was over.

«…people believed that everything was going to be great always, always. There was a feeling of optimism in the air that you cannot even describe today.» «There was great hope. America came out of World War I with the economy intact. We were the only strong country in the world. The dollar was king. We […]

Июль 6, 2017

South African Gold Mines Are on the Brink of Death

Johannesburg — AngloGold Ashanti’s announcement that it will close two mines and retrench 8 500 workers is only the first of many large-scale job cuts that were predicted in 2007. A study done in 2006 and 2007 had predicted that virtually all of South Africa’s large gold mines would be shut by 2014. This turned […] Protection Status