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"The moment for those holding precious metals and like hedges is likely very nearly at hand, when perpetual monetization becomes acknowledged US policy."
You won't hear it on Bloomberg, CNBC or Fox Business, but thankfully, Dave Kranzler brings us the news of this quiet, unfolding bull market...
The Dollar Has Cracked: Will Gold Finally Break Above $1300 And Will Silver Break Above $16?January 7, 2019
SD Outlook: The outlook is good for gold & silver during this first full week of 2019. Well, kind-of full week. Here are the details...
"U.S. manufacturing activity grew at its slowest pace in over two years. This had analysts and economist concerned that the trade war ignited by the Trump administration had begun to have a negative impact on domestic activity."
"The fear is that we’re heading for recession and that deflation will take hold once again. A scary prospect, what with interest rates still very near 0%. I’m not so sure that this is what the future holds."
"The currency was trading at about 110,000 rials per U.S. dollar on the unofficial market on Sunday, according to foreign exchange websites."
"The Fed doesn't hide the ugly truth. The Fed is that ugly truth. And it will get a lot uglier still before the entire edifice falls to pieces."
Last week, we saw more huge swings in US stock markets. On Thursday, stocks fell sharply, but they recaptured all the losses on Friday in the wake optimism about trade talks between the US and China, of a strong December jobs report, and "dovish" comments by Federal Reserve Chair Jerome Powell.Peter Schiff hit on all of these topics in his most recent podcast.
Jan 7, 2019 - 05:37:02 PST
"As of 2014, 40 percent and US$75 billion of the global gold trade flowed through Dubai. Much of it goes through the Gold Souk, the largest of the city's jewelry markets with over 380 retailers."
Massive Delinquencies, Almost No Foreclosures: NYC's Hidden Real Estate CrisisJan 7, 2019 - 05:29:35 PST
"Although 359,362 cumulative pre-foreclosure notices have been sent to deadbeat borrowers in Suffolk County alone, fewer than 1,000 formal default notices have been filed each month on these properties since mid-2008."
"Emmanuel Macron intended to start the new year on the offensive against the ‘yellow vest’ protesters. Instead, the French president is reeling from more violent street demonstrations."
"It's Killing Us": US Manufacturer Says Trump Tariffs May, Finally, Force Them to MexicoJan 7, 2019 - 05:09:50 PST
Pat LeBlanc, 63, a Republican who voted for Mr. Trump, now expects the president’s tariffs will chop his 2019 profits in half. “I just feel so betrayed. If we fail because the company is being harmed by the government, that just makes me sick.”
IMF Says Global Financial System "Dangerously Unprepared" for Next RecessionJan 7, 2019 - 05:05:03 PST
IMF Deputy Managing Director David Lipton said "The next recession is somewhere over the horizon, and we are less prepared to deal with that than we should be...[and] less prepared than in the last [crisis in 2008]."
"Zimbabwe's gold deliveries to Fidelity Printers and Refiners reached 33.2 tonnes in 2018 worth over $1 billion in export receipts, the highest ever since 1980 as the country starts rebuilding reserves for the yellow metal."
$200M/Day in Federal Contracts for Boeing, Others, in Jeopardy Due to ShutdownJan 7, 2019 - 04:59:29 PST
"The companies run the gamut, from businesses that provide upgrades to flight communications and air traffic systems, to producers of anti-malarial and HIV medicines in Africa, to operators of government cafeterias."
Swiss UBS Banker Goes on Trial for Selling Client Info to German Tax AuthoritiesJan 7, 2019 - 04:54:31 PST
"The man, whom Bloomberg is only identifying as Rene S., is accused of commercial espionage, violation of Swiss banking secrecy, money-laundering and illegal munitions possession."
A Malaysian court on Monday refused bail to former Goldman Sachs banker Roger Ng on supposed grounds that he was too ill to remain in custody pending extradition. Goldman Sachs, as ever and in all things, denies any wrongdoing.
Jan 7, 2019 - 04:44:40 PST
"President Donald Trump promised to address the national debt. In fact, Trump told The Washington Post reporters in 2016 that he planned on eliminating the then $19 trillion debt in just eight years."
Russia added another 36.6 tons of gold to its reserves in November, according to the latest data released by the World Gold Council.This follows on the heels of a 29.9-ton increase to its hoard in October and a 37.8-ton increase in September.
Dalio: Only a Matter of Time Before Dollar Loses World Reserve Currency StatusJan 7, 2019 - 04:41:05 PST
"[China's 40 year] strong ascent to being the second-most powerful country in the world and on the path to being the most powerful one... was largely the result of China’s powerful culture and its reforms..."