Rough Headwinds On Horizon
Financial advisor Ed Dowd expects considerable economic turbulence ahead. “We have a lot of headwinds coming at us in 2026. . .. We think the first problems will begin in the shadow banking system which is private equity, private credit funds and all these non-depository financial institution loans commercial banks made over the last two years. All their loan growth came from that source. There was no loan growth in commercial and industrial. It was all in the shadow banking system.”
What is Dowd not worried about? Despite the big gut punch in the gold and silver market on Friday, Down says, “I am still bullish on gold and silver, and my target on gold by 2030 is $10,000 per ounce. It’s going to consolidate now. Is it the end? I don’t think so. There is a veracious appetite from big banks for gold and in the case of silver industrial users for the metal.”
There is much more in Dowd’s 44-minute interview with Greg Hunter on USAWatchdog.com.
