Precious metals news

What does Motel 6 have to do with gold, the dollar, inflation, and purchasing power? Rick breaks-it down in a way that so few analysts can... 

"Unlike October, investors no longer see the market correction as a temporary dislocation, but rather driven by more persistent macro risks,' wrote Mandy Xu, derivatives strategist at Credit Suisse."

The world's most-central-bank-owned economy is a mess. "The capital expenditure component of GDP fell a sharp 2.8 percent from Q2, worse than the expected 1.6 percent decline and the preliminary reading of a 0.2 percent drop."

"Pretty much everything the financial world is doing these days relies on a false sense of security fostered by 'innovations' (ZIRP, QE, ETFs) that hide the true risks of financial assets. And people are starting to figure this out."

Peter Schiff appeared on RT America Friday to talk about the big stock market selloff in the wake of the arrest of Meng Wanzhou, a Chinese businessman accused of violating US sanction laws. The markets reacted negatively, fearing the arrest could derail apparent progress in the trade war.
Peter said Wanzhou's arrest may have provided the catalyst sparked the sell-off, but it wasn't the underlying cause.
This is a bear market. That's why the market went down. If it wasn't that, they would have found another excuse. If we were in a bull market, I think the market would have shrugged it off. So, we're going lower."

"In October and November, the federal government spent $303 billion more than it took in, compared to $202 billion in the same period of fiscal 2018, according to the CBO."

"Fighting a trade war and maintaining a strong recovery may be mutually exclusive objectives. To ensure the U.S. has sufficient capital resources to sustain the recovery, the president needs to cut his deal with China."

“Anyone that looks at this data and the extent to which large banks continue to team up with colleges and universities to gouge the student body with overdraft fees should be outraged,' said Seth Frotman, formerly of the Consumer Financial Protection Bureau."

"Former Federal Reserve Chair Janet Yellen told an audience in New York City Monday night that she fears there could be another financial crisis because banking regulators have seen their authority reduced to address panics and because of the current push to deregulate."

The fund had been urging governments to “fix the roof” during a sunny last two years for the world economy, IMF First Deputy Managing Director David Lipton said. “But I see storm clouds building, and fear the work on crisis prevention is incomplete.”

Americans continue to bury themselves in debt.
US consumer credit rose by the largest amount in 11 months in October, as Americans piled on another $25.4 billion in debt, according to the latest consumer credit report by the Federal Reserve. Total consumer indebtedness is rapidly approaching $4 trillion, with Americans currently $3.96 trillion in the red.

"JPM calculates recession probabilities based on regression models, which track such indicators as prime-age male participation, consumer and business sentiment to prime-age male labor participation, compensation growth, and durables and structures as a share of GDP."

"Fisher says a 'hyper-leveraged government' issuing even more U.S. Treasury bonds next year, the Fed raising rates, and potential dangers from bad credit in the European Union could cause a slowdown."

"We’ll have a $1 trillion budget deficit, a big fight over the debt ceiling, gridlock and the U.S. economy will be slowing at the same time. The only thing I’m confident in is volatility will be high next year."

In February, the Fed ordered Wells Fargo to freeze its balance sheet, keeping its assets below $1.95 trillion, until it put new checks on senior managers and gave the board new powers to sniff out abuses.

Join Mike Maloney as he reveals an important factor of the partial Yield Curve inversion that is being ignored by mainstream news and media. Then stick around to the end of the video to see yet another indicator that is suggesting a huge change in markets could be upon us...

Steve St. Angelo says traders are already practicing SAFE ASSET INVESTING with gold & silver during market selloffs. Here are the details...

Gold briefly broke support at $1243 and dipped to $1241.70, but bargain hunting buying brought it quickly back to $1,244. Gold was $1,244 bid at 4PM with a loss of $4.

Has Peaked Diesel arrived?  Well, if so, it is terrible news for the automobile and trucking industry as well as the overall economy.  I came across this information from an article written by Antonio Turiel on his The Oil Crash website.  The article provides some sobering data suggesting that the global production of diesel fuel...

After soaring in October, gold swaps fall in November, but the BIS continues it's secret activities...