Welcome to Red Rock’s Daily Global Gold News
The editorial team at Red Rock Secured diligently searches all the top gold news sources daily to deliver to you the day’s most relevant gold and precious metals market news.
‘Things Are Going to Get Worse,’ Warns Billionaire Investor Ray Dalio
“Things are going to get worse in the economy,” says billionaire investor Ray Dalio, warning…
Economy Looks ‘Full on Recessionary,’ Warns ‘Bond King’ Jeffrey Gundlach
“It’s pretty clear that we have the look of soon to be at the front…
‘Policy-Led Boom-Bust Cycle’ Says U.S. Recession Is Next: Deutsche Bank
“The U.S. is on track for its first genuine policy-led boom-bust cycle in four decades…
A 16% Profit Drop May Kill US Equity Rally: Morgan Stanley Strategists
Earnings per share for the S&P 500 are likely to drop 16% this year, according…
The US Economy Is a ‘Dead Man Walking,’ Says Top Economist David Rosenberg
“This economy is a dead man walking,” David Rosenberg said in a tweet Thursday.
Recession Ahead? Data Shows One’s Already Here
“The recession has arrived and nobody’s noticed,” writes top economist David Rosenberg.
Debt Ceiling Deal ‘Won’t Make Much Difference’: Ray Dalio
“Dealing with the problem of adding too much to a pile of debt that is…
Jim Rogers Touts Real Assets, Bracing for Biggest Downturn in Eight Decades
“The best place to be when you have inflation is real assets, and real assets…
Recession Could Start This Month, Says Yield-Curve Indicator Developer
“We are already slowing. The question is how deep the recession will be,” said Campbell…
‘Disastrous Financial Collapse’ to Occur Even if Debt Ceiling Is Raised: Ray Dalio
“There will be no meaningful limit on the debt. This will eventually lead to a…
Debt Ceiling Debate to Take Gold Higher: RBC Capital Markets
“Heightening anxiety about the debt ceiling is the near-term catalyst to watch,” says an RBC…
Inflation to Remain High Through 2024, New Survey Suggests
Inflation will not reach the Fed’s 2% target rate until 2025 or later, says the…
Economy Is Headed for ‘Crash Landing,’ Says ‘Rich Dad Poor Dad’ Author
“Rich Dad Poor Dad” author Robert Kiyosaki advises investors to turn to gold and silver…
Mohamed El-Erian Predicts ‘Unsettling’ Resolution in Fed’s War Against Inflation
The gap between the Fed’s policy signals and interest-rate expectations will lead to volatility or…
Turn to Gold When CBDCs End Cash and Financial Privacy: John Butler
According to Southbank Investment Research’s John Butler, gold is the best protection against the future…
Yellen Is ‘Not Anticipating a Downturn’; Fed Data Shows Slowdown
Treasury Secretary Janet Yellen does not anticipate a “downturn in the economy,” while data may…
US Debt Default Could Push Gold to Record Highs, Experts Say
Gold has flirted with its its record high of $2,075.47 per ounce as a debt…
De-Dollarization to Push up Gold: Bridgewater Associate’s Co-CIO
“Gold is underrated. It’s got a long way to run,” says Bridgewater Associates’ Co-CIO.
Recession to Begin This Summer and Last Until Mid-2024: Evercore Chairman
“I think that by the summer, we’ll start to see a recession unfold,” said Evercore…
Debt Default Will Further ‘Erode’ Global Confidence in US, Strategist Says
“Even bringing negotiations down to the wire would marginally erode confidence in the U.S.,” says…
Gold Closing in on All-Time High Amid Banking Crisis and De-Dollarization
Gold prices are closing in on an all-time high amid banking turmoil and the global…
Gold Boom Continues as US Hits Debt Ceiling: World Gold Council
“It’s simple, gold is a real asset. My house, my land, my gold,” says a…
Fed Response to Bank Crisis May ‘Erode’ Its Credibility, Top Economist Says
Mohamed El-Erian fears the Fed’s suggestion that the banking crisis is behind us will be…
Fed Would Be ‘Tone Deaf’ to Hike Rates Right Now, Top Economist Says
With a looming debt default and banking crisis, it would be “tone deaf” to hike…
Recession Odds Are Now 70%, Larry Summers Says
According to the former Treasury Secretary, there’s a 70% chance of a U.S. recession in…
Fed Won’t Rescue Stocks When Severe Recession Strikes: Top Economist
The US is headed for a more severe recession than the Fed is expecting, and…
S&P 500 to Crash 20% as Gold Is Set to Hit $2,300 in 2023: Gareth Soloway
“The biggest move of a bear market is likely on the horizon,” said Gareth Soloway,…
Lawmakers Will Prevent US Debt Default, BofA Strategists Say
“It’s our view that an agreement will be reached preventing the U.S. from defaulting on…
Default on Debt Will Lead to ‘Economic Catastrophe’: Yellen
“A default on our debt would produce an economic and financial catastrophe,” says U.S. Treasury…
US Will Slip Into a Recession Mid-2023, Key Indicator Shows
The Conference Board’s Leading Economic Index has declined for 12 consecutive months, signaling a recession…
‘Gold Is on the Cusp of Its Biggest Breakout in 50 Years,’ Expert Says
“The fundamental and technical setup for Gold could not be better,” says expert analyst Jordan…
Fed Is Facing the Ultimate ‘Trilemma’ in Inflation Fight, Top Economist Says
The recent banking crisis “just makes the Feds’ ability to navigate this trilemma [of] price…
USD Is Suffering a ‘Stunning Collapse’ Globally: Eurizon SLJ Capital’s Jen
The US dollar is losing its power as a global reserve currency faster than analysts…
US Economy Is on the Brink of Recession, Experts Say
There is no cushion left for “bad policy or bad luck” when it comes to…
49% of Americans Have Less Savings Than They Did One Year Ago: Bankrate
“Those financial sacrifices Americans have made could mean the pain from inflation lingers – even…
70% Chance of US Recession This Year, Says Larry Summers
“The chance that a recession will have begun this year in the U.S. over the…
‘It’s Going to Be a Bloodbath,’ Analyst Warns Crisis Is Far From Over
“The government is going to have to let it burn and have a 1930’s style…
Fed Expects Mild Recession Later This Year, With Recovery Over Next Two
Effects from the banking crisis are likely to cause a U.S. recession this year, according…
Key Signs Are Signaling Full-blown Recession, Warns Bank of America
A decline in manufacturing activity, lowered earnings, and a steepening yield curve are just a…
Stock Market Should Prepare for Pain: Legendary Investor Jeremy Grantham
“You tell me when the first interest rate cut is, and I will tell you…
Risk of Recession Is Rising, Larry Summers Warns
“Recession probabilities are going up at this point,” said former Treasury Secretary Larry Summers after…
Gold Standard Could Have Saved Us From Current Banking Crisis: Steve Forbes
“History’s lesson is clear, even though people who should know better don’t want to face…
Rate Cuts May Cause US Dollar to Weaken Another 15%, Research Firm Warns
The U.S. dollar could weaken by as much as 15% by mid-2024, according to research…
Fed, Experts Say We Should Expect More Rate Hikes This Year
The worst thing the Fed could do now is cut rates, says top economist Mohamed…
Banking Crisis Is Not Over; Impact to Span Years: JPMorgan Chase CEO
The banking crisis is far from over, according to JPMorgan Chase CEO Jamie Dimon. “Even…
Economy Entering ‘Doom Loop;’ Prepare for More Pain: Nouriel Roubini
Economist Nouriel Roubini warns that the economy is about to enter a “doom loop” as…
Strategists Warn Slipping Dollar May Signal Recession for Later This Year
The US Dollar Index fell 1.1% in Q1, and analysts believe losses will snowball as…
How Many More Rate Hikes Are Coming? Fed Officials Can’t Seem to Agree
With ongoing inflation and recent bank failures, many Americans are worried about how much longer…
Fed Is Only Delaying ‘the Day of Reckoning’, James Rickards Says
The banking crisis is far from over, says economist James Rickards.
Bank Take Downs Will Pave the Way for CBDCs, Expert Warns
Former BlackRock portfolio manager Edward Dowd is predicting more bank failures ahead, which he says…
Banking Crisis Credit Crunch ‘Brings Us Closer’ to Recession: Fed’s Kashkari
A “widespread credit crunch” caused by stress in the banking sector may bring the U.S….
Be Bold in Gold; More Bank Failures Are Coming, Expert Says
It’s time to “be bold” in gold, says expert economist Danielle DiMartino Booth, who predicts…
This Is 2008 All Over Again: Expert Warns of 30% Market Crash, Recession
Prepare for a crash that rivals the Great Recession, warns expert economist Stephanie Pomboy.
‘Textbook’ Financial Crisis Will End in Recession, Warns Billionaire Investor
The US is going through a “textbook” financial crisis, says billionaire investor Leon Cooperman.
‘Fed Is Past the Point of No Return,’ JPMorgan Strategists Say
The US economy is on track for a hard landing recession scenario, having passed the…
‘I Don’t See the Next 12 Months Without a Recession,’ Top Strategist Says
Economists are anticipating the Fed’s next policy meeting as a recession becomes more likely.
Every Rate Hike Cycle Ends in Crisis, Morgan Stanley Strategist Warns
The Fed’s latest hiking cycle is going to end in another recession or financial crisis,…
‘If the Fed Is Scared, You Should Be Scared,’ Warns ‘Big Short’ Investor
Investors should worry if the banking crisis stops the Fed’s predicted 25-basis-point hike, says “Big…
Banking Crisis Could Push Gold to $3K, Says Bloomberg Strategist
The banking crisis could easily push gold to $3,000 an ounce this year, according to…
Kiyosaki: Credit Suisse Next to Collapse, Invest in Gold and Silver
The Wall Street analyst who called the 2008 Lehman Brothers’ bankruptcy predicts Credit Suisse will…
SVB Collapse Caused by Fed’s ‘Higher-for-Longer Rate Regime,’ Experts Say
Experts say that Silicon Valley Bank is just another casualty of the Fed’s latest hiking…
Stocks Drop as Jobs Growth Stays Hot
New data shows the labor market continues to be hot in 2023, which has dangerous…
Biden Set to Unveil Tax Hikes as Recession Alarm Bells Ring
Biden’s tax hikes are raising concern as the U.S. economy faces an increased risk of…
The Only Exit for Fed’s Powell Is Recession, Economist Says
Creating a recession is the Fed’s only way out of the cycle of interest rate…
Fed’s Powell to Address ‘Disinflation’ During Hill Appearance
The Fed’s Jerome Powell is expected to update his views on the status of “disinflation”…
Powell Testimony to Affirm Rate Hikes, Experts Predict
Federal Reserve Chairman Jerome Powell is expected to affirm that more rate hikes are on…
There’s No Escaping a Recession, Says Top Economist
The U.S. will most likely enter a recession by the third quarter of the year,…
A Year After First Rate Hike, Fed Still Has ‘a Ways To Go,’ Strategist Warns
It’s been a year since the first interest rate hike in this latest cycle to…
‘Everything’ Bull Market is Over, BlackRock Strategist Warns
According to top BlackRock strategist Ben Powell, the “everything” bull market has ended due to…
U.S. Stock Markets to Crash by 90% This Year, Harry Dent tells Kitco News
Harry Dent, the founder of HS Dent Publishing, is warning of a historic market crash.
Fed is a Bigger Risk Than Inflation in 2022, Market Expert Warns
Independent Advisor Alliance CIO Chris Zaccarelli believes the Fed is a bigger risk in 2022…
DoubleLine’s Jeff Sherman Warns ‘Old School Inflation’ Won’t Return Soon
Jeff Sherman, DoubleLine’s co-chief investment officer, believes the days of 2% inflation are over for…
Markets, Economy Bracing for Fed’s First Rate Hike
The Fed is expected to enact its first rate hike in a little more than…
Gold Prices Could Hit Above Records Highs in 2022: Kitco News
While 2021 was a tad rough for gold, financial experts are expecting more for the…
Red Rock Secured Teams Up With Joey Gase and Rick Ware Racing for the 36th NASCAR All-Star Race
Red Rock Secured will be sponsoring their second NASCAR race this weekend debuting the white,…
