Precious metals are apparently waking up. And here is where you can find the best deals.
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SRSrocco: "Insane Stock Market Rally Due to Massive Global Monetary Liquidity"Mar 1, 2019 - 06:30:44 PST
"After the Dow Jones suffered the worst Christmas Eve trading day ever, the massive central bank monetary liquidity helped push the index up 20% from its low over the next two months."
A few more very, very rich and a whole lot more very, very poor. Chicago is a striking example of how the American middle class is dying out at a staggering pace.
"Blue Cross Blue Shield study last year found that teens and Millennials had the most drastic increase in depression diagnoses between 2013 and 2016."
The Economic Sound of Locked-Up Brakes on Pavement: Historic Personal Spending DropMar 1, 2019 - 06:09:58 PST
"December personal income fell 0.1% MoM (against expectations of a 0.3% rise) - the worst drop since Jan 2013; while personal spending plunged 0.5% MoM in January - the worst drop since Sept 2009!"
"...we have broken and closed below the parabola that Gold has been in since the August low. Absent a backtest of that support, this suggests a test of..."
The USD, Nearing the End of Its Dominance, Awaits Its Inevitable Inflationary FutureMar 1, 2019 - 05:28:15 PST
"Absolutely no one with any power over the dollar has any obvious regard for preserving its value. President Donald Trump is a spender, not a saver. The Democratic party has no intention of being fiscally responsible either."
Leasing Costs Must Now Be Listed as Liabilities: $3T Hit to US Corp. Balance SheetsMar 1, 2019 - 05:07:26 PST
US corporate accounting is loophole central, but at least companies can no longer pretend leasing costs don't exist and will be forced to recognize their contractual, outgoing payments (you know, an obvious liability) as a liability.
"Romania may be set to join a wave of countries moving their gold home from vaults abroad after the nation’s de facto leader started a push to relocate 61 tons of the reserves, worth about $2.4 billion."
The Debt Ceiling Will, of Course, Get Raised Again... But What if It Didn't?Mar 1, 2019 - 04:41:32 PST
Fed Chair Flip Flop Powell says such a scenario is "Beyond even considering." If the man whose take on the economy changes with the wind thinks it's not worth considering, sound-money contrarians know it must be.
The country's securities regulators have issued rules that discourage investors from putting money in mutual funds holding gold. Here's how...
The DX was steady, trading narrowly between 96.14 – 96.19. Gold was $1,313 bid at 4 PM with a loss of $7.
ZH: "Millions of Americans Getting Angrier: Tax Refund Shortfall Hits $46 Billion"Feb 28, 2019 - 12:13:21 PST
"Refunds influence the timing of household spending and a substantial shortfall in net payments to households will reduce consumption in 2019."
Feb 28, 2019 - 10:07:17 PST
"TBTF banks are getting ever bigger. The risks of contagion from the banking sector to the real economy and the sovereigns remain unabated, no matter how many 'green papers' on reforms the EU issues."
Wolf Street: Shadow Banks Dominate Mortgage Lending, Pile on Risks, FHA on HookFeb 28, 2019 - 09:02:29 PST
"According to a February 2019 report by the Mortgage Bankers Association, the share of mortgage originations by nonbank lenders has surged from 24% in 2008 to 54% in 2017, while the share of large banks has plunged."
Paper Gold Trading Volume IS EXTREMELY LOW As People No Longer Want To Play In The CasinoFebruary 28, 2019
Harvey Organ says trading volume is extremely low, and he says that gold and silver can start rising in price again as soon as today. Here's why...
Indestructible Store of Value: The Gold Bar the Perth Mint Has Recast 65,000 TimesFeb 28, 2019 - 08:58:20 PST
"Seven times a day, the Perth Mint hosts a public gold pour at its downtown location in the Western Australian city. A 14-pound gold bar is melted at 1,945F (1,063C) in a crucible made of clay and graphite."
Stimu-Less: China's PMI Drop a Stark Reminder That Stimulus Doesn't Work ForeverFeb 28, 2019 - 08:47:50 PST
"Despite endless jabs of stimulus and the biggest increase in credit on record, China Manufacturing and Non-Manufacturing PMIs plunged in February."
The Preferred Currency of Criminality: 80% of US $100 Bills Held Outside USFeb 28, 2019 - 07:47:18 PST
Worldwide demand for the Ben Franklin, largely for purposes of illegality and anonymity, has become so insatiable there are now more $100 bills in circulation than there are $1 bills.
Chris is looking for a move in the dollar over the next month, and he's also looking for moves in gold and the US stock market. Here's an update...
After weeks of hinting, Federal Reserve Chairman Jerome Powell confirmed that the central bank will end its balance sheet reduction program this year. This just five months after insisting quantitative tightening was on "autopilot."“We’ve worked out, I think, the framework of a plan that we hope to be able to announce soon that will light the way all the way to the end of balance sheet normalization,” Powell said during testimony before the House Financial Services Committee.