Fed chaos & gold’s breakout (E1419)
Max and Stacy discuss the reasons behind gold’s breakout, and it has a lot to do with the central bank induced chaos. They also look at the companies with the most debt in the US. Max talks to Michael Pento of PentoPort.com about the $14 trillion (and rising) pile of negative yielding sovereign debt. They also discuss the gold market and JP Morgan’s report for their private wealth clients recommending they sell dollars and buy gold, Swiss francs, sterling, and Chinese renminbi.
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