Richard (Rick) Mills

Articles by Richard (Rick) Mills

The bull market's agitated death dance continued last week, challenging bulls and bears alike to sell the dips for a rare change. The E-Mini S&Ps seemed to promise the perfect opportunity for this as the week shuddered to a...
The US Federal Reserve announced this week what many market participants were expecting — a series of interest rate hikes starting next year.On Wednesday a majority of the Federal Open Market Committee (FOMC) forecasted three quarter-...
Several months after the US Federal Reserve began describing the country’s inflation problem as “transitory”, the central bank is finally admitting that rapidly rising prices of goods and services are a serious threat to the American...
A government generally has two “levers” it can pull, to help get its economy back on track after it has fallen into a recession and/or is posting abnormally low economic growth.Monetary policy refers to the actions of central banks to...
Like gold, silver functions as a safe haven in times of economic uncertainty. And its lower price, currently 1/75th the cost of gold, makes it the “poor man’s alternative” flight to safety.This explains silver’s excellent performance...
The US Federal Reserve’s official line is that inflation is only temporary, however we see things differently. The pandemic has put tremendous pressure on supply chains, and the prices of many agricultural commodities such as...
Ahead of the Herd The selloff in stocks that started last week and continued on Monday has some market observers wondering whether this is a “Minsky Moment”.This refers to the idea that periods of bullish speculation will eventually lead...
Spot silver jumped to $28.32 an ounce in August 2020, its best performance in seven years, and though the price retreated last fall, it finished the year up an impressive 47%, more than doubling gold’s 22% gain.Silver climbed 47.8% in 2020...
Copper’s broad use in various industrial sectors including construction, transportation and telecommunications, makes it a reliable early indicator of economic activity.In fact, “Dr. Copper’s” ability to predict which way the global...
Despite recent headwinds, it looks to be clear sailing going forward for silver, according to recent forecasts from three financial services firms. 

“A higher gold price, along with the ongoing recovery in industrial demand,...

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