Precious metals are apparently waking up. And here is where you can find the best deals.
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"Gold futures are on track to log a losing performance in 2018, but are ending the year with some momentum as stock-market carnage reignites haven-related demand."
WSJ: "Your Cash Is No Good Here. Literally." Chain Stores Start Banning Cash PaymentDec 31, 2018 - 07:44:35 PST
"As more retailers—including Drybar and Sweetgreen—ban paper money, it’s making things awkward for customers without plastic."
Dec 31, 2018 - 07:37:48 PST
"The ECB announced in May 2016 that it would halt issuing new 500-euro notes, saying at the time that it expected to do so around the end of 2018, due to 'concerns that this banknote could facilitate illicit activities."
Nullification! It's Your Dime Interview with Tenth Amendment Center Founder Michael BoldinDecember 31, 2018
What can we do when the federal government exceeds its constitutional authority? Thomas Jefferson answered that question in 1798. He said, "nullification is the rightful remedy." But what in the world is nullification? And how do you do it?
"Corporate debt, after years of encouragement by the Fed via artificially low interest rates, has reached historic levels. Now even the Fed is worried about its handiwork. Many of these companies will default over the next few years. This is a cleansing process that is part of the business cycle – only this time, it’s so much larger "
Dec 31, 2018 - 05:27:48 PST
What a deal! As the world begs, bows, and scrapes for anything resembling a combination of yield and safety, a 10-year bond in Japan will now pay you nothing and keep some of your principal for the privilege of holding it.
Dec 31, 2018 - 05:24:29 PST
"The share of allocated U.S. dollar reserves declined to its smallest since the 61.27 percent in the fourth quarter of 2013, IMF data showed."
Dec 31, 2018 - 05:18:21 PST
"Ebrahim Kadwa, head of the Hawks’ serious organised crime unit, said illegal mining had reached a point where it threatened SA’s economy."
Roubini: "President Trump Flirting With Mutually Assured Economic Destruction"Dec 31, 2018 - 05:10:18 PST
"Financial markets have finally awoken to the fact that Donald Trump is U.S. president. Given that the world has endured two years of reckless tweets and public statements by the world’s most powerful man, the obvious question is: what took so long?"
Bloomberg: "Gold Barrels Into 2019 as Growth Concerns Spur Demand for Haven"Dec 31, 2018 - 05:05:18 PST
"Spot gold hit $1,282.81 an ounce on Friday, the highest price since June, and it’s up 4.8 percent this month."
Dec 31, 2018 - 05:01:45 PST
"The monthly home price index fell 3.5 percent to 366.3 in November, compared to the 2.56 percent slide in October, 1.27 percent in September and 0.05 percent in August."
Still Reeling From Trade War Fallout, US Farmers Expect More Pain as CPTPP Agreement BeginsDec 31, 2018 - 04:55:26 PST
"The CPTPP agreement will slash tariffs among 11 nations, making the goods of non-members such as the United States less competitive in those markets."
Technically speaking, the charts are looking good, with "buy" signals and nice price action. Here are the details on the latest breakouts...
If history is our guide, we are on track for a severe market meltdown in 2019. While the U.S. broader indexes remained in record territory for most of 2018, December turned out to be a complete disaster for stocks. So, even though the markets have reversed higher from their Christmas Eve lows, this is nothing...
In general, it seems safe to say that 1) recession follows yield curve inversion by somewhere between 11 and 23 months and 2) it may or may not stay inverted until the recession arrives. If the present echoes the past, and if the 2-year/10-year curve does invert in the next couple of months, then we may expect recession some time in 2019 or ’20.
Fed Chair Jerome Powell noticed some crosscurrents in the path of the US economy. Will it stay on the surface? And is gold a good swimmer?
As the currency crisis spreads around the world, will precious metals be the story in 2019? Here's some insight...
Many investors are frustrated by the multi-year bear market in precious metals, but the metals are on sale and providing great opportunities. Here's more...
"The plunge in the stock market is rightly worrying for investors, but there is also something to learn. Diversified portfolios help during times of stress."
Bloomberg: "Reports of the Death of Fed Rate Hikes May Have Been Exaggerated"Dec 28, 2018 - 11:06:29 PST
The market now prices in no additional Fed rate hikes in 2019. With a Fed that seems to change its message every other day (then raise rates unanimously anyway), expecting raises are completely done at 2.5% seems unlikely.