Precious metals are apparently waking up. And here is where you can find the best deals.
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"...you will also understand that gold is your best protection against the coming implosion of all these markets."
Eric says some interesting things are happening in gold & silver, and he says that most of the incoming precious metals information is good. Here's why...
Grinding to a Halt: JPMorgan Lowers Q1 GDP Growth Guess to 1.75% on Shutdown LossesJan 25, 2019 - 08:44:23 PST
"That estimate solely accounts for the reduction in government sector output and does not incorporate any potential spillover effects into private economic activity."
Fortune: "U.S. Existing Home Sales Are Rapidly Slowing. Nobody Is Quite Sure Why"Jan 25, 2019 - 08:32:52 PST
"Existing home sales declined for much of 2018. In December, sales of single-family homes, condos, and co-ops fell a larger-than-expected 6.4% from the previous month."
"There are a number of factors supporting gold prices at the moment, most notably a big drop for the US dollar."
So, budgets are tight everywhere, right? Even at the Bank of England.Well, that's not altogether true. It would be more accurate to say the central bank wastes a lot of money. Some government functionary got wind of it and now there's a scramble to tighten things up over at the BoE.Said government functionary came up with one interesting solution that would actually generate a little revenue for the bank. But there was one tiny problem with the plan.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
“Let’s offer an alternative to the US dollar in the form of Russian gold, which we..."
Not so Independent After All: Powell Policy Increasingly Bends to Trump, Market WillJan 25, 2019 - 05:48:42 PST
Powell is suddenly backpedaling on his commitment to "autopilot" QT. "The Fed might acquiesce to President Trump's demands that they 'stop with the 50 Bs' - a reference to the central bank's monthly peak balance sheet runoff."
Flying Blind: The Huge List of Economic Data Not Issued Due to the ShutdownJan 25, 2019 - 05:44:00 PST
"Just when the Fed most needs fresh data to keep its policy in sync with the U.S. economy, the government shutdown is getting in the way."
Jan 25, 2019 - 05:37:41 PST
"The improved valuations of gold stocks may spur some interest in gold. Any positive changes could create positive sentiment toward the whole gold market."
White House Prepares Emergency Declaration Including $7B for Border WallJan 25, 2019 - 05:35:19 PST
"The administration could use $681 million from treasury forfeiture funds, $3.6 billion in military construction, $3 billion in Pentagon civil works funds and $200 million in funds from the Department of Homeland Security."
Jan 25, 2019 - 05:27:52 PST
"An elderly man was swindled out of HK$580 million over two years as police on Thursday announced the arrest of 14 people."
Bloomberg: Russia Stands to Lose Billions Invested in Propping up MaduroJan 25, 2019 - 05:12:17 PST
"Russia and its state-owned companies have lent and injected more than $17 billion over the last 20 years."
"The ECB did exactly as expected, which was less than its deposit rate (if that’s even possible). President Draghi answered questions for an hour and said absolutely nothing."
IMF: Political Environment May Now Allow for Federal Reserve Bailouts AgainJan 25, 2019 - 05:00:47 PST
“I fear that if at any time we have a worse than garden variety recession there will be anger and limitations in the way governments can respond.”
Jan 25, 2019 - 04:51:40 PST
"The White House will announce a plan by next month to end government control of Fannie Mae and Freddie Mac in a bid to resolve a long debate over the fate of the two companies that dominate the mortgage market."
What's the relationship between liberty and sound money, and what hinders going back to sound money? Here's a look into those questions and more...
What will it take for gold to explode in price? It will take this newfound "hope" in the stock market to end. Here's why...
Should you buy precious metals in physical form? Or is some sort of bullion ETF sufficient? GoldSilver Senior Precious Metals Analyst Jeff Clark examines the pros and cons of buying and holding physical gold and silver.