Trump “Will Probably Win” and Gold “May Rise $100” Overnight – Rickards

Jim Rickards: Trump “Will Probably Win” and Gold “May Rise $100” Overnight

The US election is just two weeks away on November 8th, and one of Hillary Clinton’s most vocal critics on the business side is finance commentator and monetary expert Jim Rickards. Jim is in Sydney this week, armed with his latest book, hot off the press entitled ‘The Road to Ruin – The Global Elites’ Secret Plan for the Next Financial Crisis’ and gave an interesting television interview to ‘The Business’ on ABC Australia.

Rickards says that Trump “will probably win” and, if he does, stock markets will crash 10% and gold will rise $100 over night.

The markets and polls believe Clinton will win and that is priced into markets in the same way that a ‘Bremain’ was priced into markets prior to the ‘Brexit’ vote.

Kilkenomics 2016 – Where Comedy Meets Economics

“If Hillary wins nothing happens, if Trump wins you will have an earthquake.” 

Should Trump win, which looking at the polls is not an impossibility, gold would likely surge $100 per ounce overnight, says Rickards.

What Hillary did was appalling Rickards says in relation to the Clinton email scandal. There will be ‘another reckoning on November 8th’ which the market has failed to price in, creating a good scenario for gold. He says you don’t have to agree that Trump will win, but agree that that in reality he could win.

For Rickards, this is an excellent opportunity for investors, particularly those who have an allocation to physical gold which he believes is set to rise in the coming months and years.

Jim is editor of Strategic Intelligence for Agora Financial as well as the founder of the James Rickards Project: an inquiry into complex dynamics of geopolitics and capital. He is also the author of New York Times bestsellers The New Case for Gold, Currency Wars: The Making of the Next Global Crisis and The Death of Money: The Coming Collapse of the International Financial System.

Jim’s newest book, The Road to Ruin will be published in November and he is appearing at Kilkenomics 2016 where he will speak at a number of events.

Watch extended interview with Rickards on ABC Australia here

Kilkenomics was Europe’s first economics festival and is taking place November 10th (Thurs) to November 13th (Sunday) in beautiful Kilkenny, Ireland.

Often referred to as ‘Davos with jokes’, Kilkenomics brings together leading economists, financial analysts and media commentators with some of the funniest stand-up comedians around.

This year GoldCore are one of the sponsors and are speaking on a panel with Jim Rickards and David McWilliams, the founder of Kilkenomics, on the Saturday, November 12th at 3pm. Click here for more info:

A Guide to Investing in 2017

Excellent contributors this year include:

• Nicolas Taleb
• Paul McCulley
• Steve Keen
• Dan Ariely
• Dara Ó Briain
• Linda Yueh
• Wolfgang Münchau
• Bill Black
• Matthew Bishop
• Liam Halligan

Tickets are on sale now and will sell out fast. More information about the event and bookings can be made here

Buy tickets for Kilkenomics 2016

Gold and Silver Bullion – News and Commentary

Gold ends higher as economic data raise uncertainty for interest-rate hike (MarketWatch.com)

Gold prices show small gains in Asia as U.S. durable goods data noted (Investing.com)

Gold steady on subdued stocks, set for second weekly gain (Reuters.com)

Gold’s Not Budging From 200-Day Average as India Buys: Chart (Bloomberg.com)

Gold Imports by China Increase for First Time in Four Months (Bloomberg.com)

Clinton win doesn’t mean market stability, says gold firm (IrishExaminer.com)

Do you own long-term bonds? You might want to think about selling (MoneyWeek.com)

You’ve heard of Kondratiev waves – now meet the Frisby flux, the pound’s eight-year cycle (MoneyWeek.com)

This Is What Gold Does In A Currency Crisis, Brexit Edition (DollarCollapse.com)

These Are the Charts That Scare Wall Street (Bloomberg.com)

Gold Prices (LBMA AM)

28 Oct: USD 1,265.90, GBP 1,042.47 & EUR 1,160.96 per ounce

27 Oct: USD 1,269.30, GBP 1,038.29 & EUR 1,162.93 per ounce

26 Oct: USD 1,273.90, GBP 1,043.45 & EUR 1,166.13 per ounce

25 Oct: USD 1,269.30, GBP 1,037.53 & EUR 1,165.85 per ounce

24 Oct: USD 1,267.00, GBP 1,034.89 & EUR 1,163.61 per ounce

21 Oct: USD 1,263.95, GBP 1,033.79 & EUR 1,160.69 per ounce

20 Oct: USD 1,269.20, GBP 1,034.65 & EUR 1,156.75 per ounce

Silver Prices (LBMA)

28 Oct: USD 17.61, GBP 14.51 & EUR 16.13 per ounce

27 Oct: USD 17.66, GBP 14.41 & EUR 16.16 per ounce

26 Oct: USD 17.66, GBP 14.46 & EUR 16.17 per ounce

25 Oct: USD 17.73, GBP 14.49 & EUR 16.30 per ounce

24 Oct: USD 17.64, GBP 14.41 & EUR 16.19 per ounce

21 Oct: USD 17.51, GBP 14.34 & EUR 16.08 per ounce

20 Oct: USD 17.60, GBP 14.35 & EUR 16.03 per ounce

Recent Market Updates

– World Is Out of Weapons

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– Value of Gold – Unlike Paper Currency Gold Maintained Value Throughout Ages

– Fed Risks Lehman Crisis As US Recession Storm Gathers

– Silver Eagle Demand ‘Returned with a Vengeance’

– Cashless Society – War On Cash to Benefit Gold?

– “Higher Gold Prices” On Global Trade Slowdown – HSBC

– Euro “Will Collapse” As Is “House of Cards” Warns Architect of Euro

– Property Bubble In Ireland Developing Again

– “Gold Is A Great Hedge Against Politicians” – Goldman

– Sell Gold Now – Time To Liquidate Gold ETF, Pooled and Digital Gold

– Gold In GBP Up 43% YTD – “Massive Twin Deficits” To Impact UK Assets

– Ron Paul Says “Gold Going Up” Whether Trump Or Clinton Elected

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