Precious metals are apparently waking up. And here is where you can find the best deals.
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The conditions in this beleaguered industry have improved substantially, and now, things look very bullish. Here's why...
Later in the afternoon, US stocks took out their earlier low (S&P finished off 51 to 2600), while the 10-year yield moved down to 2.882%. The DX remained steady around 97.45, and gold was $1,238 bid at 4PM with a loss of $4.
Gold & Silver Give Up Some Ground To Dig In, Harden Defenses, & Prepare For Battle Next WeekDecember 14, 2018
SD Friday Wrap: Enjoy the weekend, and be merry! For next week gold & silver go to battle with the cartel...
End of Year Reminder: Sell ETF Losses & Buy Physical Metals — No Wash Sale RuleDec 14, 2018 - 14:52:37 PST
Do you have paper losses in a gold ETF for tax year 2018? If you act by December 31, you can capture that loss on your taxes without losing your exposure to metals. Here's how.
"Bizarre Things Happening In Gold & Silver" - What You Can Expect In 2019 | Eric SprottDecember 14, 2018
Eric begins to look at the year ahead to let us know if we can expect the roller coaster ride to continue in 2019. Here are the details...
Why Owning Shares of a Gold or Silver ETF Is Not the Same as Owning Physical Gold or SilverDec 14, 2018 - 10:30:51 PST
On the surface, buying a bullion-backed exchanged-traded fund seems harmless. Gold ETFs track the price of the metal, don’t require you to store any bullion, and even list the serial numbers of the bars on their website. But similar to the old joke about “waterfront” land in Florida that turns out to be swampland, so too are these products once you glance under the hood.
If Trump wants to “win” in trade, he must push the dollar way lower. This will send the gold price soaring. Dave Kranzler explains why it's a dilemma...
Dec 14, 2018 - 09:27:54 PST
"While global debt soared above 300% of GDP and the vast majority in countries worldwide increased fiscal deficits, global debt rose almost 5% and growth estimates fell 10% in the Jan. to Nov. period. Debt saturation. More debt, less growth."
Bling isn't really my thing. But a lot of people enjoy sporting gold jewelry. Well, a 36-year-old businessman in Vietnam takes bling to a whole new level.Tran Ngoc Phuc wears a total of 13kg of gold wherever he goes. If you don't have your kilograms to pounds calculator handy, that about 28.7 pounds of gold.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
Sven Heinrich: "Stock Investors, You Have Now Been Warned for the Last Time"Dec 14, 2018 - 07:07:22 PST
"First, let’s be clear what happened in 2018: After liquidity infusions of $5 trillion in record global central bank intervention between 2016 and 2017 and the U.S. tax cut that followed, we witnessed a global blow-off top in January and then a 10% correction off historic overbought levels."
Dec 14, 2018 - 05:35:36 PST
"Federal Reserve officials will pull the trigger on another interest-rate increase next week before slowing the pace of hikes in 2019 as risks to the U.S. economy mount, according to a new Bloomberg survey of economists."
70% of Singaporeans 21 to 37 Live With Their Parents Due to Crazy Real Estate BubbleDec 14, 2018 - 05:28:12 PST
"Residential prices in the city-state increased almost 7 percent in the first half of 2018, and 88 percent of Singaporeans are dissatisfied over the state of the property market, with respondents citing high home prices as the key concern."
Bloomberg: "The Long-Anticipated New York Area Housing Slump Has Officially Arrived"Dec 14, 2018 - 05:22:36 PST
“It’s a great time for buyers, so it’s not all doom and gloom. But you have to manage sellers’ expectations that what they could have gotten two years ago, a year and a half ago, they can’t get now.”
Barclay's Lied to Customers About a $396M Precious Metals Trading Loss for 7 YearsDec 14, 2018 - 05:16:45 PST
"In 2011, Barclays denied reports that it had suffered significant losses in metals trading. 'The reports of big losses are nonsense,' a spokeswoman for Barclays said at the time. 'There has been no abnormal trading in the commodities business.”
Jack Ewing: "Europe’s Central Bank Ends One of the Biggest Money-Printing Programs Ever"Dec 14, 2018 - 05:14:59 PST
"One of the biggest money-printing programs of all time, a geyser of cash that may have prevented the collapse of the eurozone, will officially end in a few weeks in a slow-motion wrap-up that reflects lingering risks to the region."
Washington D.C. just keeps right on spending.The U.S. federal government ran a $204.9 billion deficit in November, according to the most recent Treasury Department report. That set a record for the month of November.
As imports continue to go up and up and up, exports are dead in the water. As the trade deficit continues to hit all-time highs in the face of tariffs that are designed to achieve the exact opposite, when does a failing policy get reexamined?
As Global Uncertainty Ratches Higher, Investors Ditch the Short US Treasury TradeDec 14, 2018 - 04:55:42 PST
"Many investors said they now expect Fed officials will reduce their forecasts for interest-rate increases next week, when they are expected to raise rates for a fourth time this year."
Foreign Investors Buy Record Amount of Japanese Bonds, Betting on Eteranl BoJ QEDec 14, 2018 - 04:48:06 PST
“The BOJ has also drawn a line in the sand in terms of allowing yields to leak higher -- given they’ve doubled down on their bond buying, there’s relative stability in the market. In a world with a lot of uncertainty, that can be attractive to some global investors.”