Bloomberg's Mike McGlone on Soar Financially predicts a "deflationary shock," forecasting gold to $4,000 and oil to $40, echoing 2008.
Trump displayed a poster that listed reciprocal tariffs, including 34% on China and 20% on the European Union, as a response to duties put on US goods.
Legendary investor Rick Rule on The Deep Dive warns of a potential 4X gold surge as US dollar faces decimation due to massive debt and likely inflation. He sees a "dishonest default" eroding savings.
Matthew Piepenburg warned about the US dollar's decline and the surge in physical gold demand. He highlighted a massive gold outflow from the COMEX.
Dominic Frisby slams EU policies, backs US model, and sees gold challenging the dollar's dominance. He favors a diverse portfolio with gold, Bitcoin, and uranium for long-term growth.
The shekel continues to trade at its strongest levels against the dollar since early 2023.
McDonald discussed the current state of the global economy and the potential for a financial crisis.
On Wednesday, the Bank of Israel set the representative shekel-dollar rate down 0.859% from Monday.
On Friday, the Bank of Israel set the representative shekel-dollar rate 0.506% higher, at NIS 3.575/$.
Bank of America published a forecast about the Israeli currency. The bank's analysts expect the shekel to continue to strengthen if the ceasefire agreements are fully implemented.
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