Richard (Rick) Mills
Mining Expert & Financial Writer
Richard Mills is a mining expert, financial writer, and the owner of Aheadoftheherd.com. He invests in the junior resource/bio-tech sectors and his articles have been published on over 400 websites, including: WallStreetJournal, SafeHaven, MarketOracle, USAToday, NationalPost, Stockhouse, Lewrockwell, Pinnacledigest, UraniumMiner, SeekingAlpha, MontrealGazette, CaseyResearch, 24hgold, VancouverSun, CBSnews, SilverBearCafe, Infomine, HuffingtonPost, Mineweb, 321Gold, Kitco, Gold-Eagle, The Gold/Energy Reports, CalgaryHerald, ResourceInvestor, Mining.com, Forbes, FNArena, Uraniumseek, FinancialSense, Goldseek, Dallasnews, Vantagewire, Resourceclips and the Association of Mining Analysts.
Richard (Rick) Mills Articles
Monday’s rout can be seen as a trial run for what happens to gold when the Fed actually lower interest rates. The precious metal climbed as high as $2,476 an ounce last Friday, Aug. 2, before plunging over $100 to $2,367 on Monday.
The Bretton Woods financial system collapsed in 1971 when President Nixon severed the link between the dollar and gold – the US dollar was now a fully floating fiat currency and the government had no problem printing more money.
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Generally speaking, the dollar and US bond yields rise and fall together, signaling a positive correlation between the two. Conversely, the price of a bond and its yield are negatively correlated. The lower the price, the higher its yield...
Generally speaking, the dollar and US bond yields rise and fall together, signaling a positive correlation between the two. Conversely, the price of a bond and its yield are negatively correlated. The lower the price, the higher its yield...
The metals rally took a breather this week, with gold, silver and copper all showing five-day declines as of this writing on Friday, May 24. The pullback was expected given what happened on Monday.
“Minsky Moment” refers to the idea that periods of bullish speculation will eventually lead to a crisis, wherein a sudden decline in optimism causes a spectacular market crash.
As of May 1, spot gold was at $2,319 an ounce. The precious metal is up 12.6% year to date despite headwinds. These include a strong US dollar, positive real yields (Treasury yields minus inflation above zero), investors selling their gold...
Investors in stocks, bonds and commodities should be aware of the rate of inflation and how it is affecting the value of their investments. When a currency loses value as it does during bouts of inflation, cash, bonds and stocks are not...
What if the worst in interest rates is yet to come? Until recently, the prevailing wisdom held that the Federal Reserve would start chopping interest rates sometime this year. At first it was seven cuts, than five, three, now it’s down to...
