A staggering falloff in housing starts is yet another data point indicating how the rapidly expanding US housing supply glut is leading the way toward the inevitable price drops to come.
Harvey says to expect some extreme volatility in gold. Why the volatility, and how long will the volatility last? Here's Harvey to explain...
"2018’s valuation records are astounding in that they show the S&P 500 to be more fundamentally overvalued than it was at the prior two historic stock market valuation peaks in 1929 and 2000, bona fide speculative manias."
"Global issuance of company bonds has doubled to $13 trillion over the last decade and standards have deteriorated dramatically, raising the risk of 'fire sales'".
Even as the Federal Reserve and the financial news network pundits continue to dangle the prospect of a booming economy in front of us, we're seeing more and more bad news that undermines this narrative and reveals the rotting foundation of the US economy. The wholesale inventory report that came out yesterday is the latest gloomy example.
"Any increase would be made even more divisive by the fact that both parties in the coalition — the Five Star Movement and the Northern League — campaigned on platforms of keep taxation levels flat."
After Powell threw the Fed jalopy into full reverse while going 75MPH on the QT 'autopilot' highway, Richard "Rose-Colored" Clarida wants you to remember nothing to see here, US economy is "in a good place."
"The Fed’s more dovish pivot should be recognized that it was taken because they had a less favorable view of both markets and economic growth.”
"The US debt ceiling will again return, prompting Treasury Secretary Steven Mnuchin to draw upon extraordinary measures to keep the government within its statutory borrowing capacity for some time beyond March 1."
Investors are gobbling up American Silver Eagle coins. Sales were so brisk last week that the US Mint temporarily suspended orders when its inventory ran out.February sales this year have already doubled 2018 levels. As of Feb. 26. the mint had sold 2,157,500 Silver Eagles this month. That compares with 942,500 coins in February 2018. This represents a whopping 118% year-on-year sales increase.
The gold price may have pulled-back somewhat, but the miners are still showing their strength in these sweet looking charts...
The alternative media drops one massive, pure golden truth-bomb on the mainstream media as Matt explains how Dave just doesn't understand gold...
Later in the afternoon, US stocks continued to pullback (S&P finished +3 to 2796), while the US 10-year yield ticked up to 2.672%. The DX traded either side of 96.40, and gold was $1,327 bid at 4PM, off $1.
At a time the US Mint can’t sell you their product for immediate shipping at any price, you can get ours right now for a far lower premium that the US Mint has ever offered. Maximum silver ounces for your currency. Maximum bang for your buck. And it ships as soon as your payment clears.
Whether your new to investing in precious metals or remember when the US was still on the gold standard, our Senior Precious Metals Analyst Jeff Clark has news you can use.
The drive for consolidation in the industry appears to have taken a hostile turn, as Barrick Gold has made a hostile bid for US-based rival Newmont Mining...
The financial system's irreversibly damaged by central bankers & economic advisors, and 3 factors are bringing an end to the manipulation. Jim explains...
Has the passive investing craze contributed to anti-competitive corporate behavior alongside the relentless corporate acquisition binge driven by ZIRP?
"Fed officials are considering whether to allow inflation to rise above their 2% target more often as they grapple with the likelihood that interest rates are likely to remain much lower than in the past."
"As the authorized purchases of Silver Eagles jumped by 775,000 oz this past Thursday, the U.S. Mint issued a temporary suspension of sales until inventories can be restocked."