Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
"Confidence in financial policies intended to eliminate recessions is fraying, confidence in political processes that are supposed to actually solve problems rather than make them worse is fraying..."
"The federal government has added another $1,370,760,684,441.54 to the debt since last December 25, according to numbers published by the U.S. Treasury."
Stewart says gold is in a mighty uptrend as the stock market incinerates. He also says silver will start to rally as aggressively as gold. Here's more...
The Modern Day Nincompoop — Money Magazine’s Advice on How to Survive a Stock Market CrashDec 26, 2018 - 07:28:01 PST
We thought it might be timely to reprint this May 2018 article from GoldSilver Senior Precious Metals Analyst Jeff Clark. Join Jeff as he explores an especially bizarre Money Magazine article that advises you to protect yourself from a crashing stock market... by loading up on stocks.
There was no Santa Clause rally on Christmas Eve. Instead, US stock markets continued to tank. The Dow Jones dropped 653 points. The S&P 500 fell another 2.7% and officially entered into bear territory. It was the worst Christmas Eve's on Wall Street in history. The Washington Post put it in stark terms.By the end of Monday’s shortened holiday trading session, the great bull market that began in the lows of March 2009 lay lifeless, capping a three-week, 16 percent sell-off of the S&P 500."As Peter Schiff put it, "The Grinch stole the Santa Clause rally."
"I won’t be surprised if a large chunk of supposedly investment-grade debt is written off if the correction we’re now experiencing in the stock market turns into a recession. And that could trigger a financial crisis that dwarfs the one that we experienced a decade ago."
"Trump says parts of the government will stay shut as long as Democrats refuse to build more barriers on the U.S.-Mexico border."
Todd Horwitz: "I Expect a 'Very Rough' 2019 That May See US Stocks Tank 20%"Dec 26, 2018 - 05:38:35 PST
"I think we're entering very rough times because of all these things that are going on, because of the weakening economy. One of the big problems is debt, Horwitz told CNBC's Nancy Hungerford: 'We've got way too much debt in this country."
Bloomberg: "Whiff of Extinction Blows in Bull Market That Outlived Them All'Dec 26, 2018 - 05:24:03 PST
"It’s been derided as a house of cards, a gift to the one-percent, an experiment in monetary policy taken way too far. Now a bull market that for 10 years has confounded and chastened its detractors has staggered up to death’s door. And haters and admirers alike are turning out to pronounce last rites."
"For Trump, the stock market has served as a barometer on his administration, and while he was pointing out virtually every major uptick for the past two years, the recent plunge has infuriated him, leaving him mute on any market-related topic."
"A home-price indicator created by ATTOM Data Solutions, which maintains the country's largest property database, showed that the median price for US homes during the fourth quarter was at its most unaffordable level since Q3 2008 - a more than 10-year high."
"Low-skilled workers are enjoying a rare moment in the sun, with low unemployment and high wages, thanks to the unusually long economic expansion. The Fed should think long and hard about these people as it gears up to fight an inflation threat that is so far nonexistent."
As WolfStreet put it, the $1.3 billion leveraged loan market has come unglued.“Leveraged loans" are made to firms already deeply in debt. Think subprime loans for corporations. As with any risky loan, they could be difficult to either collect or resell in a downturn, putting both the borrower and lender at risk.
How could the suppression of gold & silver prices ultimately be resolved? Here's GATA's Chris Powell with some insight...
What is the bull case, the bear case, and the absolute worst case for gold over the next six months? Here's David to break it all down...
Gold and Silver Both Notch 1%+ Christmas Eve Gains as Stock Market Rout ExtendsDec 24, 2018 - 10:00:39 PST
"The surge for the yellow metal, to its highest since June, comes as the Dow Jones Industrial Average and the S&P 500 index are down by about 2% and on pace for the worst month since 2008."
What the Federal Reserve doesn't understand about the market is that the market is going to continue to keep falling until they cut rates again and do another round of quantitative easing. The market is acting like a drug addict in withdrawal thanks to the drugs (easy, cheap money) the Fed gave everyone during the Obama presidency, but have had it taken away during the Trump presidency (Fed rate hikes - quantitative tightening). Now the drug addict (stock market) wants its drugs back.
"It's like a rubber ball bouncing down a set of stairs. Each bounce is higher, that's just kinetic energy. The end of the trip is a bad place," said Yusko, founder, CEO and chief investment officer of Morgan Creek Capital."
Trump: "The Only Problem Our Economy Has Is the Fed"...Which Is Like "A Powerful Golfer"Dec 24, 2018 - 08:19:22 PST
"Trump has been complaining for months about Fed monetary policy, claiming rising interest rates are putting a brake on his economic plans."
Charles Hugh Smith: "In Defense of Powell's Restoration of Price Discovery"Dec 24, 2018 - 07:48:23 PST
"Having become addicted to the Federal Reserve's nearly free money for financiers and the infamous Fed Put, stock market players are now weeping and thrashing about in the agony of withdrawal as Fed chair Jay Powell has instituted a cold-turkey withdrawal from the financial stimulus of the Bernanke-Yellen days."