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CNBC: "As Fear Rises on Wall Street, Strategists Warn the Worst Is Yet to Come"Dec 21, 2018 - 05:27:59 PST
"The 10 percent decline so far in the S&P 500 is its worst December performance since 1931. If it remains this way, it would the first time ever that December is the worst month of the year for the index."
Citing Infamous 2007 "They Know Nothing!" Fed Rant, Jim Cramer Says "Buy Gold"Dec 21, 2018 - 05:16:34 PST
"CNBC's Jim Cramer shares his frustration about the Federal Reserve's policy decisions and tells investors there's a bull market in gold."
"Gold is likely to end 2018 with its first annual loss in three years, but sentiment has improved in recent months. Prices for the precious metal are on track for the biggest quarterly rise in nearly two years, with analysts forecasting further gains in 2019."
Leading Contrarian Indicator: Weakest Demand Year for American Eagles Since 2007Dec 21, 2018 - 05:04:26 PST
It's no coincidence that demand for Gold and Silver Eagles last bottomed out in 2007, as investors went all-in on risk assets just prior to the Great Recession. Eleven years later, it appears 2018 has seen the exact same behavior play out.
"Surging borrowing costs for companies in the US and Europe threaten recession within months and resemble events leading up to the global credit 'heart attack' in August 2007."
"What we are moving into is an indefinite period of secular decline. We will see occasional periods of growth before the primary trend of decline again takes over. This will go on for decades, if not longer, and can well become a self perpetuating downward cycle if we continue on our current path."
The Nasdaq officially dipped into bear territory on Thursday.The tech-heavy index rallied off its interday lows to close just a rounding error away from official bear status — for now. The Nasdaq has lost nearly 20% of its value in just four months. Reuters called it "the latest sign that the bull market that began in the depths of the financial crisis a decade ago could be coming to an end."
It is December as usual, and another Fed interest rate hike is behind us. Will we now see a rally in gold in January? Here's some insight...
The news organizations of a nominally communist country are freer than those of what is nominally the Land of the Free. Here's why...
Lynette Zang: You Will See The Physical Gold & Silver Markets De-Couple From The Paper MarketsDecember 20, 2018
Lynette says the paper market spot prices of gold & silver are not reflecting gold & silver's actual value. Here's what it means for investors...
Government Shutdown Looms as Trump Threatens Veto Over Border Wall FundingDec 20, 2018 - 13:04:01 PST
The president says he will not sign any bill that does not contain $5B in funding for the border wall. But any bill containing such funding is nearly certain to have no chance of making it through the Senate, making a shutdown a now-likely scenario.
Mises: "It Turns Out That Trump Loves Low Interest Rates and Fed Stimulus After All"Dec 20, 2018 - 11:40:56 PST
"It's now a pretty safe bet that if recession does come during Trump's presidency, he'll be calling for ever-higher levels of stimulus and QE infinity. If he's pushing so hard now for low rates, just imagine what he'll do when the going gets even tougher."
Dec 20, 2018 - 11:25:56 PST
"CLOs share many similarities with the mortgage-backed securities that set the stage for the subprime crisis a decade ago. During that boom, banks bundled together loans and shed risk from their balance sheets. Over time, this fueled a surge in low-quality lending, as banks did not have to live with the consequences."
EU Charges Deutsche Bank, Credit Agricole, Credit Suisse in Bond Collusion FraudDec 20, 2018 - 09:47:38 PST
"Deutsche Bank, Credit Agricole, Credit Suisse and another bank have been charged by European Union antitrust regulators for being in a bond trading cartel. In the latest blow to the reputation and public image of the banking sector in Europe."
"The real mistake the Fed made was keeping monetary policy far too loose for far too long. A decade of ZIRP and QE allowed and inspired all sorts of imbalances to be built up in both the economy and in the financial markets and to an even greater extent than the last time the Fed was too loose for too long."
Gold Rises as Dollar Weakens and the Market Frets About the Fed's Rate StanceDec 20, 2018 - 08:41:02 PST
"Gold jumped more than a percent on Thursday, boosted by a crumbling dollar and as sliding stocks prompted an influx of safe-haven bids after the U.S. Federal Reserve's monetary policy stance augmented concerns about slowing global growth."
Dec 20, 2018 - 08:35:17 PST
"Japan’s history is tied intrinsically to gold. Endowments of the precious metal were first brought to western attention in the 13th century, when Marco Polo extolled the nation’s wealth in his book of travels, calling it the 'land of gold.”
Dec 20, 2018 - 08:27:01 PST
"The US Treasury 10Y-2Y slope just breached the 10 basis point barrier. And with that, gold is rising. Yes, we are on the inversion express. With gold as the protection. All aboard!"
As expected, the Federal Reserve nudged interest rates up another 25 basis points to 2.5% during its December meeting this week. It also scaled back its projected hikes in 2019 from three to two.Peter Schiff said Jerome Powell and company just stuck a fork in the stock market.
Swedish Central Bank Surprises With First Rate Hike in 7 Years... to -0.25%Dec 20, 2018 - 06:32:06 PST
"For the first time in seven years, the Swedish central bank raised interest rates, surprising many in the market as policy makers chose to focus on low unemployment instead of an uncertain outlook driven by global trade conflicts."