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Trump Tax Cut Boost Fades, But Tariff Costs Continue to Hurt US CompaniesNov 27, 2018 - 04:45:11 PST
With a large portion of the recent corporate tax cut squandered on buybacks at crazily high stock valuations, US companies are now scaling back capex plans in a major way as tariff costs and other headwinds persist.
Analysts Totally Wrong About Gold: Production Costs Still Provide A Price Floor In The MarketNovember 27, 2018
Mining costs will never go back to where they were a decade ago due to these two factors. SRSrocco explains them and why they put a floor under gold...
From The COT Report To The Seasonals, Gold & Silver Are Setting-Up For A Nice First Half RallyNovember 26, 2018
It may seem like precious metals investors don't have much to console them these days, but the set up is pretty bullish. Here are the details...
What's coming will not be pleasant for anyone, but owning gold & silver gives you a chance to financially survive the unwinding. Dave Kranzler explains...
Peter Schiff appeared on RT Boom Bust last week and reiterated he thinks we have entered a bear market. In fact, what we're seeing now is a deflating bubble.
Bitcoin dropped below $4,000 as a massive selloff in the cryptocurrency market continued over the Thanksgiving weekend.The price of a bitcoin fell as low as $3,604 during the sell-off. It has lost some 80% of its value from highs reached late last year when the price of bitcoin eclipsed $20,000. Bitcoin has fallen 40% in just two weeks of November. It was the worst price drop since April 2013.Other cryptocurrencies including ethereum and ripple have seen similar price drops.
Later in the afternoon, US stocks turned higher (S&P finished +41 to 2673), while the 10-year yield hovered around 3.07%. The DX traded narrowly between 97.03-97.07, while gold was $1,222 bid at 4PM with a loss of $1.
Will we one day see calPERS take its $345B to Vegas and bet it all on black? As pension shortfalls get more dire, pension funds are doing things like investing in vacant lots with plans to build skyscrapers. As the need for return grows, fund risk is reaching alarming levels.
There is a battle for civilization going on, and trust between individuals is breaking down, but Keith has a great idea in his fight to prevent the collapse...
As Americans borrowed well beyond their means during the Fed-driven 0%-interest-rate party years, housing was bid up with relentless ferocity. The roller coaster has peaked, and all that's left is the fall.
The public statements you're about to read were all made in 1976. Jeff put the comments into a price chart, pinpointing the date they were said relative to the price. Keep in mind as you read the following quotes alternately making fun of and declaring the worthlessness of gold, that its price bottomed on August 25, 1976, and then began a three-and-a-half year, 721% climb…
As Goes GE? If General Electric Can't Avoid a Debt Downgrade to Junk, Look Out BelowNov 26, 2018 - 07:45:58 PST
The fate of the fallen goliath may well be a sign of corporate debt downgrades to come. "Total U.S. corporate debt has swelled from nearly $4.9 trillion in 2007, when the global financial crisis was becoming apparent, to nearly $9.1 trillion halfway through 2018."
The Land That Would Not Inflate: Stubborn Eurozone Prices Just Won't RiseNov 26, 2018 - 07:23:30 PST
It's a perpetual excuse for stimulus and central bank market interference of varying kinds...as the eurozone economy continues to sputter, core inflation remains anchored around 1%, far from the (arbitrary and foolish) 2% level central banks tend to aim for.
Jeff Christian Interview: "Investment Demand for Precious Metals Is Bottoming"Nov 26, 2018 - 07:10:30 PST
Managing Director of CPM Group Jeff Christian discusses the recent moves in gold and look at the forecast for 2019 and beyond, why investment demand has dropped, silver and the gold/silver ratio.
JPMorgan: Just When Global Bond Supply Is Increasing, Demand Is PlummetingNov 26, 2018 - 06:36:18 PST
"Traders will be especially focused on JPMorgan's assessment for 2019's net demand shortfall because if accurate it would suggest that the only way demand will emerge is if yield reprices materially higher, together with all the adverse side effects for all other risk products."
The Final Countdown: The Agonizing Run For Gold & Silver Is In The Final CountdownNovember 26, 2018
SD Outlook: Will the countdown last just this week, the last week of November, or until the Fed rate hike, or even until next year? Here's some insight...
Same Old ECB, Same Old Draghi: Even After "Stimulus" Ends, There Will Still Be StimulusNov 26, 2018 - 06:24:02 PST
Citing "weaker than expected" September data, Draghi assures the world that he was largely just kidding about ending stimulus anytime soon: "a significant degree of monetary policy stimulus will be maintained, even after the end of net asset purchases."
$14.6B in home equity was liquidated in Q3. With wages continuing to stagnate and costs rising, some homeowners are even refinancing at significantly higher rates than their previous loans, simply because they need the cash.
"Goldman Sachs Group Inc. is undaunted by the sell-off in raw materials and is forecasting returns of about 17 percent in the coming months, describing the current situation as unsustainable and touting this week’s G-20 meeting in Buenos Aires as a potential turning point."
Commission on National Defense Strategy Recommends "Massive US Military Increases"Nov 26, 2018 - 05:34:31 PST
In the least surprising news you will read all day, the Congressionally mandated report from the "Commission on National Defense Strategy" ignores anything resembling fiscal reality and suggests the US should spend enormous amounts on defense.