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The US inflation rate was unchanged in November. What does the flat CPI mean for the gold market going forward? Here's some insight...
"...it fairly may be taken as confirmation that the U.S. government and other governments are surreptitiously rigging commodity markets..."
By "significant monetary event", think "Nixon closing the gold window". What does that mean for the markets, gold & silver? These two charts show us...
Later in the afternoon, US stocks trimmed some losses (S&P ended unchanged at 2651), while the 10-year yield edged up to 2.913%. The DX was steady between 97.05 – 97.10, and gold was $1,243 bid at 4PM with a loss of $3.
US November Budget Deficit Largest Ever; Expenses Outpace Revenue 2-to-1Dec 13, 2018 - 12:00:43 PST
"November outlays surged 18.4% to $411 billion last month from $347 billion a year ago, while receipts actually declined 1% to $206 billion from $208 billion in 2017, the Treasury Department said in a monthly report on Thursday."
Bix Weir: ‘Q' Just Proved My Theory IS RIGHT About The MILLIONS OF TONS Of U.S. Gold!December 13, 2018
If you're in denial about this, Bix says to take as many red pills as you need, because THIS IS REALITY! Here's Bix with a huge update on what's next...
"Statistics Canada’s price index for new Toronto homes fell 1.4 percent in October from a year earlier, the most since September 1996."
Las Vegas the Latest Used-to-Be-Hot Housing Market to Enter Sharp DeclineDec 13, 2018 - 10:53:44 PST
"Angela Hutchins, a Las Vegas realtor, said price cuts of up to tens of thousands of dollars are now common. 'Any property that we’re pulling up right now, it’s reduction, reduction, reduction,' she said."
What's the outlook for gold, platinum, and other commodities for 2019? Bob explains that in order to know that, people must first understand this...
"The Smart Money Flow Index is calculated according to a special formula by taking the action of the Dow in two time periods: the first 30 minutes and the last hour."
“The probability of a U.S. recession over the next 12 months has risen to about 30 percent recently and is thus higher than at any point in this nine-year-old expansion.”
"Insanity" or Just "A Bad Idea": Wall St.'s Vulture Capitalism Pension PitchDec 13, 2018 - 08:49:58 PST
"These are expenses that should be paid for out of the budget -- not bonded out,' said Thad Calabrese, an associate professor at New York University who studies public financial management and called such deals 'insanity."
Dec 13, 2018 - 07:09:55 PST
Dollar falls? Good for gold. Stock market falls? Good for gold. "US stocks might rise, but only if the greenback falls. The US dollar might rally, but it will snuff out the stock market rally. The days of them both going up together are over."
Stock markets have been extremely volatile this week, with massive swings in both directions. The markets rallied on Wednesday, primarily due to optimism about progress in the trade war. On the week, the Dow is up around 100 points, but it also put in new lows.In his most recent podcast, Peter Schiff said he thinks the volatility will continue. It's a sign of trouble in the economy - trouble ultimately created by Federal Reserve monetary policy.
Daily Reckoning: Trump Policies Speeding Us Toward Debt Super-Cycle CrashDec 13, 2018 - 06:04:25 PST
"Trump said the tax cuts would 'pay for themselves' through higher growth. Overall federal spending has increased 7% this fiscal year. Tax revenues have increased 1%. This year’s $895 billion budget deficit is 39% greater than last year’s. Is this tax cuts 'paying for themselves?"
Chris Vermeulen say a big leg higher is coming for gold & silver, but his analysis shows a pullback first. How low will gold & silver go? Here's Chris...
CFO Global Business Outlook Survey: 82% of US CFOs See Recession by 2020Dec 13, 2018 - 05:58:05 PST
And almost half of them think we'll be in a recession next year... "The end is near for the near-decade-long burst of global economic growth."
Importing Deflation: US Import Prices Fall 1.6% in a Month to Lowest Level in 2 YearsDec 13, 2018 - 05:52:24 PST
If the prices of the goods America imports continue to nosedive, that's one way to keep inflation in check, and another way to expect the trade deficit to continue to expand to all-time high levels, in direct opposition to the stated goal of the tariffs.
Dec 13, 2018 - 05:38:25 PST
The neverending folly of the financial media, who constantly think gold ceases to be a store of value, and then, somehow, magically becomes one, again and again. "Based on the recent action in the shiny metal, it has once again returned to its place as a diversifier and safe haven for those worried about inflation."
US Consumer Optimism Plunges 8 Points, Largest Quarterly Drop in 12 YearsDec 13, 2018 - 05:33:17 PST
Yet US consumers also planned to credit-spend at record-high levels, according to the same CNBC survey.