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COMEX Now Has 11.183 Tonnes Of Registered Gold (But 24.510 Tonnes Are Standing For Delivery)December 4, 2018
Harvey Organ has an important update about COMEX registered gold inventories for this first trading week of December, 2018. Here are the details...
According to the US Mint, demand for American Eagle Silver Coins surged last month. The mint sold 1.65 million ounces of silver in November. That represented a 15% increase over October sales and a whopping 327% increase over November 2017.Perhaps investors are recognizing the tremendous upside potential for silver. After all, the silver-gold ratio hit a quarter-century high last month. That signals the price of silver is out of whack.But there are even more fundamental reasons to own silver in our updated report "The Powerful Case for Silver."
"Saxo's team of expert analysts have formulated 10 Outrageous Predictions for the year ahead. Riding roughshod over the consensus, they look at some highly unlikely events that could have a tremendous market impact – if they come to fruition."
"More Crypto Mayhem": Bitcoin Miners Unplug as Price Falls Below Profitable $4,500 LevelDec 4, 2018 - 05:30:56 PST
"Only a select few can afford to stay in the game: miners with scale, very specific business models and extremely low electricity costs. Fundstrat Global Advisors LLC estimates that about 1.4 million servers have been unplugged since early September."
Turkey Doubles Down on Venezuela Gold Buying in Direct Violation of US SanctionsDec 4, 2018 - 05:25:57 PST
“Political problems cannot be resolved by punishing an entire nation,” Erdogan said, with Maduro by his side at a forum attended by business people from both countries. “We do not approve of these measures that ignore the rules of global trade.”
And while it's the little-noted 5-3 year portion of the curve, Mish Shedlock expects this is just the first of many inversions to come: "A 3-2 inversion is now in the batters' box. I expect a base hit shortly."
"The agreement announced between the US and China in the G20 is nothing more than a 'conditional ceasefire'. China has little intention of guaranteeing intellectual property and eliminating capital controls or the immense interference between political and legal power."
"We're in about the seventh inning of the short-term debt cycle. They're tightening monetary policy. Asset prices are fully priced. And we're in the later stages of a long-term debt cycle because the capacity of the ability of central banks to ease monetary policy is limited."
"In spite of forebodings and shrill alarms, the oil markets continue to function, and China’s futures contracts have established themselves and overtaken in volume terms the dollar-denominated oil futures traded in Singapore and Dubai."
The Mainstream Has Turned Bullish on Gold; Jim Grant Has Better Reasons Why You ShouldDecember 4, 2018
After Federal Reserve Chair Jerome Powell released a dovish trial balloon last week, hinting we could be close to an end of the interest rate tightening cycle, the mainstream has suddenly turned bullish on gold. A recent Bloomberg article proclaimed, "Gold may be poised to rally as speculation mounts that the Federal Reserve will hit the pause button on interest rate hikes in 2019."
"The Peruvian Ministry of Energy and Mines’ latest statistical report reveals that, in the 10th month of the year, the country’s gold output fell by 6.3% when compared to October of 2017. Silver dropped by 9.1% in October when compared to the previous year."
EU Introduces Three-Pronged 'De-Dollarization' Plan to Promote Use of EuroDec 4, 2018 - 04:24:51 PST
"With Russia actively de-dollarizing, along with Iran, and China slowing its Treasury purchases (while publicly proclaiming support) but promoting its petroyuan contracts, Europe's shift away from the petrodollar could be more posturing or could be the end of the beginning of the end of the dollar's reign as reserve currency."
Mike Maloney covers all the trouble brewing in the global economy in this 11-minute video – including data he promised to show you last week.
"Margin calls force the borrower to either put in more cash or sell assets to cover the debt. The problem is that “margin calls” generally happen all at once as falling asset prices impact all lenders simultaneously. Margin debt is NOT an issue – until it is."
Is stacking silver and gold boring? And if it is boring, is that a bad thing? Here's Matt with his insight...
The 10-year yield slipped to 2.982% (3-month low), but the DX climbed to 97.06. Gold was pressured lower but found support and was $1,231 bid at 4PM with a gain of $9.
Egon von Greyerz: By Their Actions, Central Banks Guarantee Gold & Silver Prices Can ONLY Go UpDecember 3, 2018
Western and Eastern central banks are now fully supporting the metals. Investors can have total confidence in owning physical. Here's Egon to explain...
Synchronized Market Meltdown: The 117-Year Record That Shows What The Everything Collapse Looks LikeDec 3, 2018 - 12:41:44 PST
The confluence of the most overvalued stock market of all time, an impending Everything Collapse, and the most undervalued gold of a lifetime. Seldom are opportunities gift-wrapped this nicely. And just before the holidays, too.
Trump, Calling US Defense Spending "Crazy", Seeks Reduction in US Defense SpendingDec 3, 2018 - 12:11:45 PST
"Trump has championed increased spending on the military and in August signed a colossal defense spending bill, authorizing a top-line budget of $717 billion to cover a litany of spending."
Chris Powell reports there has been a tiny bit of progress in the struggle to expose gold market manipulation by central banks. Here are the details...