Graham Summers

Graham Summers is Chief Market Strategist for Phoenix Capital Research, an independent investment research firm based in the Washington DC-metro area with clients in 56 countries around the world.

Graham’s clients include over 20,000 retail investors as well as strategists at some of the largest financial institutions in the world (Morgan Stanley, Merrill Lynch, Royal Bank of Scotland, UBS, and Raymond James to name a few). His views on business and investing has been featured in RollingStone magazine, The New York Post, CNN Money, Crain’s New York Business, the National Review, Thomson Reuters, the Glenn Beck Show and more.

Articles by Graham Summers

Central Banks have FINALLY created inflation. Starting in late 2016, Central Banks began actively rigging the stock market via a number of games. They are: Slamming the VIX lower to force risk-parity funds to buy stocks. Selling the...
The Fed wants us to believe that it remains hawkish, that it will begin the process of unwinding its $4.5 trillion balance sheet next month and that it will hike rates again this year.
Everyone is making a big deal about the Fed's so-called "balance sheet reduction” which starts next month. Let’s assess some facts. First of all, the Fed plans on shrinking its balance sheet by $10-$30 billion per month. The Fed balance...
Back in January 2017, we predicted that 2017 would be a year of a $USD collapse. At that time it was obvious to us, plain as day, that the Trump administration would want a weak $USD in order to implement its economic policies.
The $USD continues to drop like a brick, having taken out critical support in the near-term. This is just the beginning. It's only going to get worse from here.  
The next leg up for gold is officially here. Gold has broken out of the mother of all triangle patterns established by the long-term bull market trendline established in 2006 and its seven-year descending line from the 2010 peak.
The US Dollar collapse has already triggered a major move in inflation plays. To whit, gold has broken its SEVEN-YEAR downtrend.
While everyone continues to focus on stocks, a much larger, far more important situation is brewing in the single most important asset class in the world. That situation involves the US Dollar ($USD).
The Fed July FOMC minutes that were released last week were nothing short of extraordinary. However, to fully appreciate just what the Fed admitted, we first need a little background.
While everyone is focusing on political issues, the NY Fed published a stunning report on the state of the US consumer. According to the NY Fed, the average US household has hit a new record for debt, surpassing the old record set at the...

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India and the U.S. trump Italy as top gold jewelry exporters.