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THE NEXT CRISIS Will Be A Fiat Currency Crisis And It WILL INCLUDE A REVALUATION Of GoldDecember 18, 2018
Ronni Stoeferle doesn't think the next crisis will be a financial crisis, but a currency crisis. Gold will play a major role in the solution. Here's more...
Mike Maloney has two extremely important articles to share with you - see why in this latest Insiders Report, recorded late last night while Mike is traveling through California.
“Auto stocks are down 30%, they’re not 10% or 11%, building stocks are down 35%, banks...are down 25%...the Russell is down 20%, retail equities are down over 20%. How in the world can the S&P 500 be down only 10% or 11%?”
Worse, Worse, Worst: Japan Slashes Growth Estimates Yet Again, This Time by 40%Dec 18, 2018 - 05:44:55 PST
"Japan’s economy will grow 0.9 percent in fiscal 2018, which ends in March, the Cabinet Office said. That is down from its previous projection of 1.5 percent growth."
"December is typically a very positive month for markets. The Dow has only fallen during 25 Decembers going back to 1931."
Fed Survey: Recession Chances Now at Highest Level of Entire Trump PresidencyDec 18, 2018 - 05:35:20 PST
"Respondents boosted the chance of recession, reduced their support for the president's handling of the economy and lowered their outlook for economic growth and Fed rate hikes."
"Yep, it’s likely we’ll pay more for a lot next year, spanning from credit card interest to new cars and groceries. Here’s what to start budgeting more for now."
After Yet Another Hyperbolic Price Rise, Las Vegas Real Estate Grinding to a HaltDec 18, 2018 - 05:15:05 PST
"Of the 10,000 houses on the market in Las Vegas at the end of November, 7,000 of those homes had zero offers, up 54% compared to 2017 and the highest number of homes in Las Vegas Valley to not get a bid in more than two years."
"The bank has said just two employees were primarily responsible for a scandal in which Goldman bankers helped a Malaysian financier plunder billions of dollars from an investment fund. 'Anyone who's been there a long time knows you can't do big things without senior people knowing, period,' said one former Goldman employee.
"Gold has gotten a boost lately as investors flocked to 'so-called' safe haven trades, and the commodity is headed even higher in 2019, according to strategists."
Foreign Investors Sell US Stocks at Record Pace, While Dumping Treasuries, TooDec 18, 2018 - 04:53:49 PST
"What was perhaps more notable is that in October, foreigners sold another $22.2BN in US stocks, the 6th consecutive month of selling, a new record long stretch of foreign sales of US equities, and one during which official and private foreign investors sold a total of $124 billion over the past 6 months, also a record high."
The mainstream has finally uttered the B-word.I mean bear. As in bear market.DoubleLine Capital founder Jeffrey Gundlach sparked mainstream talk of bears on Monday when he asserted that we have indeed entered a bear market during an interview on CNBC.
Investors may be surprised to know the main factor that drives the gold price. Steve St. Angelo breaks it down for us...
From the miners to the ETFs, the technicals are looking good as the rally in gold stocks accelerates...
Dec 17, 2018 - 11:21:33 PST
"That’s right: America now pays more to borrow money than China does. Since 2015, when the Federal Reserve began raising interest rates, the gap between the countries’ Treasury bills has narrowed and then reversed, so that now the U.S. must offer higher yields than China when it sells one-year paper."
WSJ Op-Ed Increases Pressure on Powell Not to Raise: "Fed Tightening? Not Now"Dec 17, 2018 - 11:14:31 PST
The rhetoric is laid on thick, as the Fed's recent slow-but-steady rate raise regime, coupled with the very-slow-and-steady reverse of QE, is somehow seem as a "double-barreled blitz of higher interest rates and tighter liquidity."
"Those who had taken Powell’s comments at face value were convinced that he wouldn’t shift policy simply because the stock market dipped a little. What’s 350 S&P points when the stocks market is up 2300 over the past decade? Surely Powell will not cave at the first dip. Wrong. He folded like a lawn chair."
BIS Warns on Clearing System "Financial Seizure" Risk From $540T in DerivativesDec 17, 2018 - 09:28:54 PST
"The pillars of the global financial system are fundamentally unstable and could lead to a frightening chain-reaction in the next crisis, the world’s top watchdog has warned."
The outlook for gold is bullish this week as key events could goose gold as well as blast the gold stocks higher. Here are the details...
"It's so important to understand the original cause of the problem, and that is the Federal Reserve running up debt and letting politicians spend money."