Precious metals are apparently waking up. And here is where you can find the best deals.
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"A call option expiring on Wednesday with a strike price of 2.8 yuan soared 194-fold on Monday. It sank to zero on Wednesday."
A sharp reminder that if you only "own" gold or silver in non-physical form, you are at the mercy of electronic trading systems completely beyond your control, systems that can cease to function for any amount of time, at any time, for any reason.
Feb 27, 2019 - 05:25:59 PST
Volcker on disgraced SAC Capital head Steve Cohen and his ilk: "They’re not guardians of truth and valor ordinarily. It’s the contrary."
"A recent report issued by the non-partisan local think tank IARAF – their Tax Vademecum – claims that individuals and companies may face the grotesque figure of 163 different taxes."
"The Fed may have avoided a recession for now, but it has left itself far short of what it’ll need to fight the next recession when it comes."
In One Breath, the Fed Shames Government Economic Policy, Then Absolves ItselfFeb 27, 2019 - 05:05:01 PST
"The U.S. federal government is on an unsustainable fiscal path. We need to stabilize debt to GDP. The timing the doing that, the ways of doing it —through revenue, through spending — all of those things are not for the Fed to decide.”
The US and China are reportedly getting closer to working out a trade deal. The Chinese have indicated they will import more US natural gas, semiconductors and soybeans. Peter Schiff recently appeared on RT to talk about it. He said that no matter what ultimately comes out of these trade negotiations, it's not going to make America great again.
There's no way to guess precisely where gold and silver prices may go – however, we do have historical examples that can be extrapolated for today's economic climate. Join Mike Maloney as he updates the prices required for gold to account for the massive amount of base currency that is literally being printed as though it is going out of fashion.
If The Gold Price Doesn't Rise With Inflation As Gold Should, Then How About Asking Why?February 27, 2019
Does anyone still believe there is little to no inflation, and why hasn't the gold price kept up with inflation lately anyway? Here's a reason why...
Russia is considering eliminating its value-added tax (VAT) on gold purchases. According to a Russian paper, this could increase gold demand in the country by 50 to 100 tons per year.Russia currently charges a 20% tax on all gold bar purchases, and investors do not get the tax back when they sell their gold.
The biggest driver of the markets right now is the possibility of a US-China trade deal, and Stewart explains why the deal will be great for gold...
Feb 26, 2019 - 14:57:31 PST
"Jeff Clark, the Senior Metals Analyst at GoldSilver.comClark, discussed how gold and silver are sound hedge investments and clued us in on the importance of liquidity and precious metals storage methods."
The 10-year yield edged up to 2.64%, and the DX bounced back over 96 to 96.05. Gold remained firm and was $1,329 bid at 4PM with a gain of $1.
It's becoming an interesting week for gold & silver, but the charts have been weaponized, so how do we know the coast is clear? Here's some insight...
Simon says we are seeing the signs that a major melt-up in the gold price is coming. What are those signs? Here's Simon to explain...
Egon says that not only are the days of cheap gold prices coming to an end, but gold may not be available at any price due to shortages. Here's more...
Charles Hugh Smith: "Now that Housing Bubble #2 Is Bursting...How Low Will It Go?"Feb 26, 2019 - 07:45:14 PST
"Unless the Fed is going to start buying millions of homes outright, prices are going to fall to what buyers can afford."
"Desperate and Bizarre": Barrick's Tortured Five-Year Pursuit of NewmontFeb 26, 2019 - 07:16:39 PST
"The man proposing to buy Newmont Mining Corp. in the world’s biggest gold takeover is the same person who was blamed for the deal falling apart five years ago -- Barrick Gold Corp. Chairman John Thornton."
Feb 26, 2019 - 07:00:33 PST
"Last week A.P. Moller-Maersk A/S lowered its 2019 profit forecast and cited a dimming outlook for world economic growth."
Brexit Is One Month Away, and Nothing Resembling a Solution Is on the TableFeb 26, 2019 - 06:51:52 PST
"London is no closer to having a ratified deal, an agreement to extend negotiations, or preparations in place to manage a hard exit."