Here are the details on the latest deal in what's becoming a wave of consolidation among gold miners...
Today brings us Volume 3 of The Jeff Clark Mailbag, an ongoing series that will feature some of the most frequently asked and interesting inquiries Jeff has received, along with his answers. Every Mailbag will always include just one thing: real, unsolicited questions from real people and Jeff’s honest answers to those questions.
"Extreme volatility in a key funding market for banks as 2018 came to a close should serve as evidence that the U.S. Federal Reserve ought to be prepared to serve as a backstop to prevent the market from seizing up."
"Deutsche Bank and Commerzbank have denied that a merger is in the cards."
"...when the demand for gold picks up again (which I think we’re starting to see now), there won’t be enough gold supply...."
"2600-2650 on the S&P 500 is a good level to start lightening up as we enter what is likely to be a period of negative news flow on earnings and the economy."
"The Federal Reserve already could be at the end of its rate-hiking cycle, Janet Yellen, former central bank Chair Janet Yellen said Monday."
Jim Willie has a brand new website and an excellent forecast for 2019 (spoiler alert: the gold standard gets adopted on a global basis)...
"Worrying about the next five decades is pointless because there’s also no chance the current system will survive long enough to discover what the next 50-year average returns will be."
"This exhaustion of the neocolonial-neofeudal model was inevitable, and as a result, so too is the decline and fall of the European integration/exploitation project."
"And should there be a deal, expect announcements of the 'greatest deal ever' no matter how trivial the deal really is."
"Italy's GDP was negative for the third quarter. Gross domestic product (GDP) in the euro zone’s third-largest economy fell by 0.1 percent in July-September due to weaker domestic demand."
SD Outlook: Govt & Fed are desperate to maintain the ‘strong economy' narrative. Can they keep it going, and why does it matter? Here's some insight...
"It's not Fed tightening that starts an economic contraction: the last three recessions all took place with 3 months of the first rate cut after a hiking cycle."
"At this point, the precious metals will likely disconnect from the markets and move higher as investors move into gold and silver to protect wealth."
"The equity bull market is over, says Charlie Morris. But gold's is just starting."
"Industrial output is in crashing. Retail sales have stagnated. Business confidence has dropped, and investment is heading south"
Immigration policy is one of the biggest issues facing America right now. It's also one of the most contentious. Should the US build a wall along the Mexican border? Are there other immigration policy reforms the US should consider? And why does it even matter?Mike Maharrey explores the immigration issue with journalist Ryan Girdusky in this episode of It's Your Dime. They also talk politics, discussing the midterm elections and Trump's prospects for 2020.
Peter Schiff has said it's not that we have a "volatile" economy right now. We have a bubble economy, and we are at the beginning of a much bigger crisis than we went through in 2008. Peter continued with this theme on a recent appearance on Kitco News with Daniela Carbone noting that things are setting up for gold to shine in 2019. As far as the yo-yoing stock market?It's just the air coming out of the bubble. That's the volatility," Peter said.
"If you put enough short-terms together, you get a long-term..."