Precious metals are apparently waking up. And here is where you can find the best deals.
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With $175B in Debt, VW Head of Compliance Warns 2019 Will Be “Most Difficult Year Ever”Dec 24, 2018 - 07:38:01 PST
"VW had to rein in its bond issues after the Dieselgate scandal, but this year it’s been back with a vengeance. As with General Electric Co in the U.S., where this 800-pound gorilla goes so does Europe."
Recession Fears Stoked as Oil Price Continues to Decline, WTI Crude Now Below $45Dec 24, 2018 - 07:27:20 PST
"Major benchmarks for crude oil prices have lost about 40 percent of their value in just under three months. Analysts now see signs of weakening global demand growth as the fuel for continued selling in the oil market."
"Several gold coins were dropped in red kettles around the area, there’s also a silver one from Jamaica and the most valuable one (a 1904 $20 gold piece) is a collector’s item."
75% of Those With Student Loans Are Paying Interest Only (or Not at All)Dec 24, 2018 - 06:44:14 PST
"Currently, fewer than a quarter of student loan borrowers are repaying their principal, or the amount they originally took out, according to recent remarks made by Education Secretary Betsy DeVos at a conference on financial aid."
People getting just a little too cozy may want to peek in on the markets every now and then because they could turn into complete chaos...
Dec 24, 2018 - 06:17:31 PST
"Mr. Forbes’ film becomes an urgent reminder that this most fundamental of all issues awaits action as our economy is on knife edge and our leaders are desperate for signals they can trust."
Dec 24, 2018 - 06:13:15 PST
"Trouble is, the correlation of changes in the Fed's balance sheet to changes in asset prices are unambiguous that Powell is either unwittingly wrong or, more likely, knowingly collapsing an asset bubble that was in large part created by the Federal Reserve itself."
"Gold is due for a strong week followed by January consolidation. There was likely a short-term price low in place on the 21st due to lows in both the daily and the weekly cycles."
"Even with mortgage rates at the lowest level in three months, homebuyers are pulling away from the housing market. Mortgage application volume fell 5.8 percent last week from the previous week, according to the Mortgage Bankers Association. Volume was 17 percent lower than a year ago."
"Japan has virtually given up on reaching 2% inflation after nearly six years of trying. An argument gaining ground in Tokyo holds that the inflation goal, once seen as paramount, doesn’t matter so much after all,"
"Hedge funds and money managers raised their net long positions in Comex gold to a six-month high in the week to Dec.18, indicating improved interest in the metal."
"I think the worst is yet to come next year, we're still in the first half of a global equity bear market with more to come next year,' said Mark Jolley, global strategist at CCB International Securities."
Steve Mnuchin's Attempt to Calm the Market Backfired and Futures Are PlungingDec 24, 2018 - 05:04:50 PST
"Some market participants, however, questioned why Mnuchin answered a question that no one was asking. Mnuchin tweeted late Sunday afternoon that he’d called the chief executive officers of the nation’s six largest banks and that those chiefs “confirmed they have ample liquidity available for lending."
"An attempt to remove the Fed chairman would be unprecedented and seen as an attack on the U.S. central bank’s independence, which is meant to insulate it from political considerations. It would be on potentially shaky legal ground, and would probably hit financial markets around the globe hard."
We're approaching the beginning of the biggest wealth destruction in history, just as the real gold price is the lowest in 50 years. Here's Egon to explain...
The dovish Federal Reserve lit a fire under gold and its miners’ stocks this week. The post-Fed rally has great potential. Here are the details...
SANTA CLAUS RALLY TURNS INTO MARKET CARNAGE: Precious Metals Push Higher In A Sea Of RedDecember 24, 2018
The much awaited and hoped for Santa Claus Rally turned into a complete rout today as the broader markets continued to sell-off to new lows this month. The Dow Jones plunged a stunning 653 points today, the worst in the in the 122-year-old history of the index. Furthermore, the Dow is on track for its biggest...
Jim affirms we are indeed in a gold bull market. He says now is the perfect time to buy gold and ride the wave until it gets crazy again. Here's […]
The gold price would probably be down huge right now, but since gold isn't down huge, we get confirmation of entering Stage III. Here are the details...
She got a lot of heat for Part I. She'll probably get a lot of heat for this part, but here's TraderStef breaking-down market manipulation and a lot more...