Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
In this special episode of It's Your Dime, Mike Maharrey switches roles and becomes the interviewee.Mike recently appeared on Inside the News with Paul Jensen and Suzanne Sherman on K-TALK AM1640 in Utah to talk about the popping of the auto bubble and more generally how the Federal Reserve has set us up for the next big crash.
Bankers, investors and executives are increasingly worried about corporate debt, according to a Reuters report.Specifically, the concerns center around "leveraged lending." These are loans made to firms already deeply in debt. Think subprime loans for corporations. As the Reuters report put it, "the concern is that the loans would be difficult to either collect or resell in a downturn, putting both the borrower and lender at risk."
On a day when Fed Chair Powell sent the stock market sharply higher with dovish comments, the 10-year yield ticked down to 3.044%, while the DX edged lower to 96.68. Gold was $1,221 bid at 4PM with a gain of $7.
The Only Place To Escape The Inflation Of A One World Currency Is Found In Gold & SilverNovember 28, 2018
From inflation and currencies to the recession and the reset, Lynette has all the important bases covered in this critical update...
Ron Paul Interview: "The Fed's Impossible Dream of Fine-Tuning The Economy"Nov 28, 2018 - 10:51:42 PST
The Fed continues to operate in search of a mythical, magical set of central-bank-conjured circumstances that allows an economy to grow forever, without recessions, at 2% inflation forever. Join Ron Paul as he discusses the Fed's recent doubletalk and what it may portend.
"We read Powell’s prepared text as preparing the market for a 2019 'pause' or end of hikes. Markets haven't believed the 'dot plot' but this could be first move where more hikes are priced out. Being 'near neutral' suggests the Fed is 'nearly done."
Flip Flop Fed: 2 Months Ago, Rates "A Long Way" From Neutral; Same Rates Now "Just Below" NeutralNov 28, 2018 - 09:13:56 PST
It's difficult to take Jerome Powell's jawboning about an independent Fed unaffected by either Trump's ongoing verbal assault or the markets' recent declines when he supposedly, suddenly, sees an entirely different economic reality than he did two months ago.
Fed: Risk Assets Susceptible to "Particularly Large Plunge" if Present Risks MaterializeNov 28, 2018 - 07:46:27 PST
"An escalation in trade tensions, geopolitical uncertainty, or other adverse shocks could lead to a decline in investor appetite for risks in general. The resulting drop in asset prices might be particularly large, given that valuations appear elevated relative to historical levels."
US New Home Sales Fall Off the Table in October: Biggest Drop Since April 2011Nov 28, 2018 - 07:42:17 PST
"Following the small MoM blip higher in existing home sales (though dismal YoY plunge), new home sales were expected to rebound in October (after plunging 5.5% M-o-M in September) but instead they utterly collapsed - crashing 8.9% M-o-M."
Even Banks Are Telling the Fed There's Not Enough Leveraged Loan RegulationNov 28, 2018 - 06:19:36 PST
When you hear "leveraged loan", think garbage. Companies that couldn't manage to prosper through a decade of nearly interest-free loans, and who are now requiring riskier, higher-interest debt, will be among the first to default as the economy slows.
SRSrocco: Investment Demand the Biggest Driver of Silver Price Going ForwardNov 28, 2018 - 06:16:16 PST
"Interest in precious metals has fallen over the past few years, but investment demand is still the largest growth sector in the silver market...Physical silver investment has grown the most since the 2008 financial crisis compared to the other sectors."
Mnuchin Asking Wall St. How the Government Can Tighten Without Rate RaisesNov 28, 2018 - 05:54:05 PST
As ever, the market and those who would interfere in it end up at the same point and asking the same impossible question: "How can we floor the gas and slam on the brakes at the same time, and have that work out really well?"
Imports Rise, Exports Fall as US Trade Deficit Soars To (Yet Another) Record HighNov 28, 2018 - 05:50:02 PST
"In December 2016, the US goods trade deficit was $63.485 billion. In October 2018, the US goods trade deficit is $77.2 billion. A dramatic rise of almost $14 billion since Trump's election and trade war started."
"The fundamentals of the hottest housing markets around the country have been weakening for months, with declining sales and rising inventories. On the West Coast, this inflection point occurred in July."
Legg Mason: European Investors Increasingly Favor Gold Over Stocks, Bonds, CashNov 28, 2018 - 05:41:32 PST
"A large number of European investors have cited gold as the best investment opportunity over the next 12 months. The Legg Mason Global Investment Survey surveyed 16,810 investors across the globe, with respondents investing at least €10,000 in the next twelve months."
GE, Just Like the US Government: Long-Term Care Insurance Obligations a "$15B Money Pit"Nov 28, 2018 - 05:33:31 PST
"While GE has tried all year to offload the liabilities and Culp said no issue at the finance arm gets more attention, few see any easy answers. As medical costs soar and Americans live longer, GE’s assumptions about what it will have to pay out are proving to be too rosy."
"Tech Crash Echo": The Ghosts of 2000 Swirl Amidst Sky-High Tech ValuationsNov 28, 2018 - 05:20:38 PST
"Very few on trading desks remember the Tech crash of 2000. I remember it all too well after the partying of 1999.
Then sentiment switched from 'buy everything', to 'sell everything' almost overnight."
Bloomberg: Right Now, Europe Is Simply About "Avoiding Catastrophe" in the EUNov 28, 2018 - 05:04:00 PST
"With all the trade tensions and tariff threats in the air, Argentine G-20 hosts are doing all they can to avoid a diplomatic train wreck."
"The Fed has raised rates steadily under Powell’s leadership as the central bank has tried to balance promoting maximum employment with controlling inflation. Those decisions have drawn rebukes from Trump, who wants the Fed to focus on economic growth."
Hedge Fund Manager Who Called the Top Says Stock Market Decline Has Just BegunNov 28, 2018 - 04:49:42 PST
Morgan Creek Capital's Mark Yusko: "Every company has binged on cheap debt. They've over-levered," Yusko added. "We are going to see a lot of defaults, just like 2002 with Enron and Worldcom. I think it's going to get ugly."