Markets.News
In the interview with Kitco News, veteran investor Peter Grandich expressed concern about the market overlooking significant signals, highlighting the flashing red indicators in precious metals and insider selling. Grandich criticized the U.S. economic policy, Federal Reserve, and equity markets' complacency. He raised a warning about a potential revision that could eliminate over a million jobs created in the last 18 months due to flawed labor data supporting the "soft landing" idea. Grandich slammed the Bureau of Labor Statistics' birth-death model, calling it "BS." Precious metals, particularly gold, surged to nearly $3,600/ounce. Grandich emphasized that Wall Street's disregard for this rise is concealing impending issues. He believes gold is a crucial indicator that investors are neglecting, highlighting challenging times ahead for the U.S. and other regions. This information is available on Benzinga.com for further details.