Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals news
Dec 7, 2018 - 07:09:19 PST
"Property bubbles, local government contingent debt, the heavy reliance on land sales for financing or the shadow banking sector could set off a major crisis in China, according to Ma’s article published on the Wechat account of PBOC-affiliated magazine China Finance."
Gold Jumps Above $1250 For First Time Since Mid-July After November 2018 Jobs Report ReleaseDecember 7, 2018
The knee-jerk was a pop in gold above $1250. Silver jumped to $14.64, and the dollar dropped. Here's a look at the report and market's reaction...
With increasing market turmoil and unprecedented uncertainty surrounding the trade war, gold's safe-haven appeal is beginning to assert itself in world markets yet again.
HSBC, Longtime Money Launderer for Terrorists, Implicated in Huawei/Iran FraudDec 7, 2018 - 05:37:37 PST
HSBC, notorious for having laundered billions for Middle Eastern terrorist organizations and the Mexican drug cartels, appears to have the been the bank Huawei chose to engage to illegally sidestep Iran sanctions.
“Home flipping acts as a canary in the coal mine for a cooling housing market. We’ve now seen three consecutive quarters with year-over-year decreases in home flips.”
Dec 7, 2018 - 05:28:11 PST
With no fanfare, an anonymous donor contributed about $1,300 by dropping a South African Krugerrand into the familiar red metal donation bucket. It is the 6th straight year they've made such a gift.
“Once fear and problems emerge in the various bubbles we see around the world that will eventually cause the next financial crisis. Silver will be one of the havens. Buying at these prices will look like a no-brainer.”
Venezuela Leaders Want to Meet With Bank of England Officials to Discuss Gold RepatriationDec 7, 2018 - 05:17:01 PST
"The government of President Nicolas Maduro is seeking to bring 14 tonnes of gold back to Venezuela because of fears it could be caught up in international sanctions on the country, sources told Reuters this month."
Once seen as an emerging market phenomenon, the unquestioned power of independent central banks, as political lives hang in the balance in deteriorating economies amidst social unrest, is under the magnifying glass.
Gold holdings in gold-backed ETFs rose for the second straight month and turned positive for the year in November.According to a report by the World Gold Council, 21.2 tons of gold, valued at about $804 million, flowed into ETFs last month. Total global holding rose to 2,365 tons.
Dave Kranzler says Trump must weaken the dollar and push it much lower to win the trade war. Here's why, and what it means for gold...
On a day when US stocks plunged intraday but closed down only marginally, the 10-year yield continued its bounce to 2.886%, while the DX clawed back to 96.84. Gold was $1,238 bid at 4PM – unchanged.
As Total US Household Wealth Hits New Record, the Top 0.1% Own as Much as the Bottom 90%Dec 6, 2018 - 11:05:34 PST
"Just 10% of the US population owns roughly $93 trillion of all US assets, while half of the US population has virtually no wealth, and if anything it is deeply in debt."
"If another crisis happens, the Fed will cut rates to zero. But it won’t be enough. They’ll have to abandon QT and go back to QE4. Other central banks will follow the Fed’s lead. Investors should prepare now for the inevitable crackup. Having cash and gold are two places to start."
The Lunacy Continues: Fed's Bostic Says Rates Are "Within Shouting Distance" of NeutralDec 6, 2018 - 10:05:14 PST
As Fed members continue to contradict each other and offer folksy, non-measurable nothing estimates of where a neutral rate lies (like "within shouting distance"), it becomes clearer every day the Fed's rate stance is neither art nor science but sheer guesswork.
An Absolute Astounding Amount Of Physical's Been Drained From Market And Now In Strong HandsDecember 6, 2018
Rob Kirby says precious metal is becoming harder to find & acquire in size, and we could be seeing developments portending the paper market blow-up...
"So while every other asset is still at or near all-time highs, gold is relatively cheap. Gold has held its ground during all this market volatility. That is exactly how you want insurance to act. It holds steady in the face of craziness, even selling for a discount when everything else is as expensive as it ever has been."
US Trade Deficit Spikes to 10-Year High as Tariff Costs Weigh on US ExportersDec 6, 2018 - 06:52:24 PST
"Trade will probably be a drag on gross domestic product in the fourth quarter, and adds to weak housing and business spending on equipment reports in signaling a slowing down in economic growth."
Peter Schiff appeared on RT Boom Bust earlier this week to talk about the trade war "truce" between the US and China.The announcement that there was some progress in resolving the trade war during the G20 summit boosted stock markets on Monday (the day this segment was aired), but that lasted all of one day. The markets tanked on Tuesday as investors realized the “truce” really didn’t mean anything substantive. In the RT interview, Peter said we really need to keep our focus on the bigger picture, particularly the Federal Reserve and the dollar.
The Biggest Bitcoin Derivatives Bet Ever Is Set to Expire Worthless at Year-EndDec 6, 2018 - 06:22:46 PST
"Purchased for almost $1 million on LedgerX’s trading platform just days after Bitcoin peaked a year ago, the call options have a strike price of $50,000 and an expiry date of Dec. 28, 2018."