Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals news
Nov 26, 2018 - 05:26:41 PST
"What’s the market saying about the economy? While few see incontrovertible signs investors are bracing for a recession, it’s a word that’s been coming up more as they seek a signal in the chaos."
A reminder that the value of gold can be intensely local; when your local currency is eyeing a potential hyperinflationary future, gold's true worth as an incorruptible store of value suddenly becomes much more important and immediately apparent.
SRSrocco: "Analysts Totally Wrong About Gold", Production Price Provides Price FloorNov 26, 2018 - 04:42:58 PST
"While the debate on the dynamics of the gold market continues, at least the top gold miners production cost provides us with a floor price. I get a good laugh when I read analysts suggesting that the gold price will fall back to $450-$700..."
"I’ve heard that there’s been some major institutional accounts asking various gold companies to come and present their case. Because why wouldn’t..."
Risk Of Lower Lows in Gold Remains Prior To Spectacular Rally To Follow - David BradyNovember 25, 2018
"Last week, I provided the fundamental background for why I believe the risk of lower lows in Gold remains...This week, let’s take a look at..."
The RBA Governor has made his intentions clear: No Australian Gold is coming back to Australia! Here's John and Martin North with an update...
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
Well, today is Black Friday.Since 2005, the day after Thanksgiving has marked the busiest shopping day of the year. I know a lot of people who treat today like a holiday. They even have Black Friday traditions. I actually have some friends who meet at 3 a.m. on Black Friday for breakfast and then hit the sales.
Unless Trump Has A MIRACLE, Rest Of The World Goes On Gold Standard & Leaves The US BehindNovember 23, 2018
In his latest interview, Jim Willie goes over all the important news of the day. Tune in for what's going on in Europe, the US, the metals and crude oil...
"Citigroup Inc (C.N) and JPMorgan Chase & Co (JPM.N) will pay $182.5 million to settle U.S. investor litigation claiming they violated antitrust law by conspiring with other banks to rig a key European interest rate benchmark."
November PMIs Indicate US Is Joining the Rest of World in Economic SlowdownNov 23, 2018 - 07:09:04 PST
"After Germany, France, and Eurozone PMIs (47-month low) gravely disappointed, Markit's US Manufacturing and Services PMI also printed below expectations. After a brief rebound in October, US PMIs are both contracting back to 'hard' data's reality."
Harry Dent says gold hasn't followed his cycle, so there may be some redeeming quality in gold after all. Is Harry turning into a Gold Bug? Find out here...
Nov 23, 2018 - 06:52:51 PST
"A couple of wonderful, recent examples to better give you an idea of what I’m getting at here. First, we have the bottoming of the gold price about three years ago. The consensus had turned very bearish on the precious metal. There was no better representation of this than a headline in the Wall Street Journal confidently declaring it worthless."
"The broad selloff in oil accelerated as investors grew increasingly concerned about a surge of production expected to come from the U.S. and fears of a slowdown in global economic growth."
"A big US monetary inflation bang brought the euro into existence. Here’s a prediction: It’s death will occur in response to a different type of US monetary bang — the sudden emergence of a “deflationary interlude.” And this could come sooner than many expect."
Nov 23, 2018 - 06:13:18 PST
"Short sellers have mainly been targeting medium-sized lenders as well as asset manager Banca Mediolanum and investment bank Mediobanca. According to FIS Astec Analytics data, the volume of these banks’ shares on loan—a good proxy for short interest—has shot to its highest in 15 months."
"Illegal gold mining is on the rise in Venezuela, with desperate citizens scrambling to offset the impact of hyperinflation in the country."
But that won't stop them from tacking on still more debt. "Holiday shoppers are expected to spend generously this year, with the National Retail Federation estimating the average consumer's outlay at $1,007 for everything from gifts to food to holiday attire — a 4.1 percent increase from last year."
How a Hacker Stole $1M in Crypto by Remotely Hijacking His Victim's Cell PhoneNov 23, 2018 - 05:36:22 PST
"Robert Ross noticed his phone suddenly lose its signal on Oct. 26. Confused, he went to a nearby Apple store and later contacted his service provider, AT&T. But he wasn't quick enough to stop a hacker from draining $500,000 from two separate accounts he had at Coinbase and Gemini."
Nov 23, 2018 - 05:30:58 PST
"If history is a reliable guide, a major shift such as that should lead to spending increases, escalating government deficits, currency creation plus rising interest and inflation – in short, a return to a background similar to those two prior enormous precious metal bulls."