Markets.News
This week featured some notable news stories. Renowned investor Peter Grandich has issued a warning about what he considers to be the most perilous period in the last four decades. He highlighted various indicators from precious metals and instances of insider selling. Grandich criticized the economic policies of the U.S., the actions of the Federal Reserve, and the apparent complacency in the equity markets. He foresees a significant adjustment that could lead to the elimination of more than a million jobs that were established over the past 18 months. His perspective is that precious metals, particularly gold, are providing a more accurate narrative, as gold prices are projected to climb towards $3,600 per ounce. Meanwhile, there has been a surge in inflation and unemployment rates in the U.S., contributing to a stagflationary economic environment with escalating prices. For further information, the complete article can be found on Benzinga.com.