Precious metals are apparently waking up. And here is where you can find the best deals.
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China officially added gold to its reserves last month for the first time in two years. Meanwhile, the Chinese have been shrinking their holdings of US Treasuries. According to the Nikkei Asian Review, the moves are intended to reduce dependence on the US dollar.According to data released by the People's Bank of China, the country's gold reserves totaled 1,862 tons at the end of 2018. That represents a 10-ton increase from the previous month and the first rise in the country's hoard since June 2016.
As the government shutdown grinds into its third week, more than 800,000 federal employees and 4.1 million federal contractors are caught in the crosshairs. Federal workers will go without paychecks beginning Jan. 11.
Watch as YouTube Silver Stacking Community Drills SD Bullion Execs with Questions on How To Run a Major Gold & Silver Bullion Business
The second largest copper mining company in the world saw its stock price plummet by nearly 15% today due to poor earnings. Freeport-McMoRan's fourth-quarter net income fell nearly 90% compared to the same period last year. The large decline in net income was attributed to falling production, due to scheduled maintenance, and lower copper prices....
The US 10-year yield clawed back up to 2.757%, while the DX ticked up to 96.14. Gold edged lower and was $1,283 bid at 4PM with a loss of $1.
Jan 23, 2019 - 12:05:03 PST
"The truth is the simplest of all of these may be the most responsible and that is the algorithm employed by passive funds."
"Back in 2010, famed treasure hunter Tommy Thompson told his girlfriend to show up to a self-storage facility in Fort Lauderdale. She had briefcases holding 150 pounds in gold coins."
"While developed market debt has stayed fairly stable since 2012, that hasn't been the case in the US, which has seen its IOU surge by 44 percent."
Jan 23, 2019 - 08:46:10 PST
"An Arizona legislator has put forward a bill to de-risk the state’s financial holdings with a modest allocation to physical gold and silver in the state’s reserve fund."
Gold Fever And The Rush Into Gold & Silver Will Likely Come Much Sooner Than Most People ThinkJanuary 23, 2019
SD Midweek Update: The mad scramble into gold & silver will likely come sooner than later just as this of all weeks is perfect for spotting black swans...
"So, did the nauseating last few months of 2018 signal the end of the secular bull market? Or is the rebound that kicked-off 2019 a sign that the uptrend is still intact? Or it is just a dead-cat bounce?"
Jan 23, 2019 - 06:22:50 PST
"That number sums all the improper payments by what the government calls high-priority programs. If it makes your head spin, it should."
Rising Risks, Diminishing Returns, Endless Stimulus: Bank of Japan's No Way OutJan 23, 2019 - 05:59:11 PST
"Rising pressure from the trade war between China and the United States is adding to strains on the world’s third-largest economy and undermining years of efforts by policymakers to foster durable growth."
Growth at All Costs: China to Increase Spending to Thwart Economic SlowdownJan 23, 2019 - 05:52:53 PST
"Mounting pressure on the world’s second-biggest economy pushed growth last year to its lowest since 1990 even as Beijing stepped up stimulus measures and spurred banks to lend more."
Prosecutors Target Illegal Barclays Payments to Qatar During 2008 CrisisJan 23, 2019 - 05:44:43 PST
"They were devised by the conspirators as a mechanism of paying the Qataris greater fees than those paid to other investors, so as not to reveal the true position.”
Here's another sign that the air is coming out of housing bubble 2.0.Existing home sales fell 10.3% year-on-year in December. Sales, including single-family houses, townhouses, condos, and co-ops, dropped to a seasonally adjusted annual rate of 4.99 million homes, according to the National Association of Realtors. This ranks as the biggest year-over-year drop since May 2011 — in the midst of Housing Bust 1.0.
"The US is sort of coming back to Earth after an exceptional period of growth and then no one really picking up the slack."
Robert Shiller: "Bear Market Narrative" Alone Enough to Spur Bear MarketJan 23, 2019 - 05:31:16 PST
"There is a feeling that the stock market might be due for some deflating now because it's been a long time, and we've seen some hints of it and we haven't seen the real deflation yet."
"A partial shutdown of the U.S. government left investors and businesses to follow their intuition and gut instincts as they make critical decisions."
Deutsche Bank's Latest Woe: Fed Investigation Danske Bank Money Laundering RoleJan 23, 2019 - 05:08:25 PST
"Shares in Deutsche Bank fell in early trading on reports that the U.S. Federal Reserve is investigating the German lender's role in a money laundering scheme."