Precious metals news

The president who has publicly professed his wish for a perma-ZIRP world and who told former economic advisor Gary Cohn that the US should "just run the presses - print money" to get itself *out* of debt sees Jay Powell's Fed raising rates as pointless and maddening.

Stewart suggests investors should be positioning themselves for the rocket ride of a lifetime. Here's why...

The charts still seem like the metals want to run higher, and especially with silver, the downside pattern is really full. Here are the details...

Craig has crunched the numbers, and the total amount of gold allegedly "exchanged for physical" over the past twelve months will astound you.

In a recent appearance on RT Boom Bust, Peter Schiff emphasized the stock market bubble has burst and we are already in a bear market.
This is early in this bear market. It’s very young and unfortunately, it’s going to be very long-lived. I think this is going to be similar, if not worse, than the bear market that went from 1966 to 1982. It took 16 years for the Dow to make a new high, and during that time period, inflation took about 70% away from the Dow’s value. This time I think it’s going to be worse.”
This isn't good news if you're planning for your retirement. So, how can you protect your wealth as the stock market bears rage? One way is by adding precious metals to your retirement plan. 

Last week, we reported that it looks like the air is coming out of housing bubble 2.0. Now it appears the auto bubble may have also popped.
Yesterday, GM announced plant closures and layoffs due to sluggish sales. The big automaker said it plans to shutter five North American factories and slash around 14,000 jobs. 

Later in the afternoon, US stocks made fresh intra-day highs (S&P finished +9 to 2,682) while the 10-year bond yield hovered around 3.05% – 3.06%. The DX traded narrowly between 97.34 – 97.39, and gold was $1,214 at 4PM with a loss of $8.

It's one of the great axioms of super cheap, super easy credit. If you offer it, people and corporations will take it with little regard for what the ramifications of doing so might be some years down the road. And the publicly traded titans of US industry were no exception.

Doug Kass, who memorably called the stock market bottom during The Great Recession, with 15 bold prognostications for the coming year. "7) A New (But Old) Shiny Object Appears As A Stock Market Winner in 2019..."

With Fed members across the US opening their mouths and issuing forth a tremendous mishmash of contradictory Fedspeak nonsense, it seems clear the Fed wants to give itself some room to step back from the "steady, gradual increase" mantra they've embraced this year.

Mike Maloney was excited. It was our weekly company meeting, and he interrupted it to tell us all about a new recession indicator he’d just discovered. In fact, he said it is “one of the most reliable indicators of a pending recession I have ever come across...”

With silver down $.01, and with gold down less than a buck, Harvey says the crooks are keeping prices constant. Here's an update...

We're close to neutral! Or not! But we might raise! Or not! "The Federal Reserve's Vice Chairman Richard Clarida has recently crossed the wires arguing that gradual rate hikes were appropriate 'as data shows the way to neutral policy stance."

NY Fed, Goldman Sachs, Atlanta Fed, Merrill Lynch...all have the same verdict: Goldilocks has left the building. After posting 3.5% GDP growth in Q3 2018, forecasts are unanimous in expectations for a significant cooling of the US economy.

In 2008, $10T in mortgage debt kicked off The Great Recession and a meltdown of US and global capital markets. Today, $32T in corporate debt has kept many companies on life support, barely clinging to existence despite an unprecedented run of 'Goldilocks' conditions in the American economy.

"Tariffs stemming from President Trump's trade conflicts could cost Americans $915 each, or $2,400 per household, in the form of higher prices, lower wages and lower investment returns in 2019, according to a new study."

"In a virtual world without a central bank, who is the buyer of last resort? Bitcoin’s behavior since the start of the year doesn’t just look like a bubble bursting; it looks more like a currency under attack."

"Some overseas investors appear to be taking a pass on U.S. debt securities just as the administration of President Donald Trump embarks on a record sale of Treasury bills, notes and bonds to pay for its big tax cuts and spending increases."

"WTO Director General Roberto Azevêdo delivered an ominous prediction: As optimistic reports suggested that the two sides would soon restart substantive talks, Azevedo told his audience that the trade war between the US and China was far from over."

"Theresa May's Brexit deal is 'doomed and must be renegotiated, ex-defense secretary Sir Michael Fallon has said. Sir Michael launched a scathing attack on the proposed EU agreement, saying it was the 'worst of all worlds'.