Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals news
Nov 20, 2018 - 10:33:51 PST
You may not have seen Slide 33 of 35 in the Dallas Fed's recent energy survey slideshow. But as the oil price continues to plummet and US drivers rejoice, there is another side to that pricing coin: US energy independence requires new drilling to be maintained. And at current prices, some new wells are no longer economically viable.
"...we can be sure gold has become a strategic asset for China and its people. China must have always had an expectation that in the long-term gold will..."
"Europe is long on bickering and skepticism and short on unity and solidarity – all of which is threatening the EU’s fragile cyclical economic expansion and the global earnings of U.S. multinationals. As Europe’s woes accumulate and reach a tipping point, the aftershocks will be felt far and wide."
Mises Institute: "Money-Supply Growth Falls to 8-Month Low as Mortgage Rates Rise"Nov 20, 2018 - 10:11:01 PST
"Money supply growth can often be a helpful measure of economic activity. During periods of economic boom, money supply tends to grow quickly as banks make more loans. Recessions, on the other hand, tend to be preceded by periods of falling money-supply growth."
Nov 20, 2018 - 09:57:57 PST
"JPMorgan strategists observed a handful of ominous signs in stock futures, including evidence there are fewer orders resting at the tightest bid-ask prices for S&P 500 e-mini futures. In all, the note said, stocks are heading for the worst year in terms of market depth since at least 2014."
The LBMA has completed the first week of its new measure to improve "transparency" in the gold market. Here are the details...
Was a Bitcoin/Binfinex/Tether Fraud Responsible for Bitcoin's Wild Price Rise?Nov 20, 2018 - 07:13:45 PST
"While federal prosecutors opened a broad criminal probe into cryptocurrencies months ago, they’ve recently homed in on suspicions that a tangled web involving Bitcoin, Tether and crypto exchange Bitfinex might have been used to illegally move prices."
Nov 20, 2018 - 06:12:12 PST
"This is a cautionary tale. A tale of a fund of nearly 300 clients and nearly $80 million which blew up in the span of hours from a market move that was, in the grand scheme of things, not that big a deal. It illustrates how excessive leverage can completely torch the risk-taker."
Starts, Permits Weak as Homebuilder Stocks, Housing Macro Data Crater in UnisonNov 20, 2018 - 06:01:54 PST
"As homebuilder optimism tumbles, housing starts disappointed and permits dropped in October...With homebuilder optimism finally collapsing down to the reality of 'hard' housing data, any glimmer of hope is clung to as if it was writ in stone."
Harvey has mentioned registered gold being under 5 tons before, but now the amount of available gold has dropped below 4 tons. Here are the details...
"Holders of GE bonds are preparing for one of the world’s biggest borrowers to be downgraded to junk. To get a sense of what that might do to the markets, take a look back to the turmoil caused by the 2005 downgrades of General Motors and Ford—but worry that this time it might be worse."
"Dalio compared the current era of investing to that of the 1930s. Back then, the U.S. was also in the late stages of a business cycle with populist politics and tons of debt swirling around."
Deutsche Bank Shares Fall to All-Time Low as Bank's Role in Danske Money Laundering EyedNov 20, 2018 - 05:04:55 PST
Danske whistleblower Howard Wilkinson "said during testimony before the Danish Parliament that a large European lender (which sources identified as Deutsche Bank) had cleared some $150 billion of the suspicious money before severing its relationship with the Estonian branch in 2015."
"Societe Generale has admitted its willful violations of U.S. sanctions laws -- and longtime concealment of those violations -- which resulted in billions of dollars of illicit funds flowing through the U.S. financial system” to sources in Cuba, Iran, and Sudan.
Corporate Bonds Set for Worst Year Since 2008 as Investor Confidence FallsNov 20, 2018 - 04:51:49 PST
"High-yield and investment-grade notes are headed for losses in both euros and dollars, the first time all four asset classes have posted negative total returns since 2008, based on Bloomberg Barclays indexes."
"Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocked confidence in the nascent asset class just as U.S. regulators try to close in on alleged fraud."
The secular gold bull market is still intact, and the biggest gains will be found in the coming third leg of this bull market. Here are the details...
"As usual, everyone desperate for Gold to rally is jumping on the bullish bandwagon...."
Rob Kirby: The Lineup Of Billions Of Dollars To Get Into Physical Metal Is Astoundingly LargeNovember 19, 2018
Rob says money creation has gone vertical on the dollar growth curve. This money must be continually fed into the system or else it blows up. Here's more...
Peter Schiff appeared on RT Boom Bust last week to talk about gold and silver. He said the time to buy is right now! Precious metals are going up in the long run and the long run may be here sooner than people think.