The federal government ended up fiscal 2018 with the largest budget deficit since 2012. Based on the most recent US Treasury Department projections, that doesn't look to slow down in fiscal 2019.
At long last, is London getting excruciatingly short on their physical gold supply? Here's Bill Murphy to provide some insight...
Remember this chart. The inflection point was July. Conditions have deteriorated since, and woe betides those who will choose to "ride this out" until what they think will be an inevitable short-term uptick.
Harry Dent says there's not enough gold out there, so don't expect any gold-backed currencies 'cause they're not coming. Harry also updates his forecast...
"The many headwinds that have been dogging the industry finally showed up in this report. Labor is still expensive, lots are still scarce, lumber is at the mercy of tariff politics, and now, mortgage rates are rising and customers are holding back."
Back at the drawing board to get an honest assessment of where gold & silver are headed to finish 2018, Michael's conclusion may be a pleasant surprise...
"Although growth in the housing market is slowing, the number of million-dollar homes in the United States is on the rise, creating pockets of affluence in a housing market experts say is becoming increasingly unaffordable."
"GE was once America's most valuable company. Today it is fighting junk-bond status. Its stock has fallen to single digits and its investment grade bonds trade like high-yield debt, as the market bets it will continue to deteriorate and could end up with a junk rating."
"Were the Chinese to take a turn toward hard-money policies, it is hard to see how the US could match a sound-money plan from China. The US Government’s finances are already in very poor shape and a return to sound money would require a reduction in government spending that all observers can agree is politically impossible."
"Deutsche Bank probably thought the worst of its legal troubles (the Libor scandal, sales of shoddy mortgage-backed securities, FX and precious metal rigging resulting in tens of billions in legal fines) were behind it. But the struggling German lender is being drawn deeper into the biggest money-laundering scandal in European history."
"So far, the US and China have traded tit-for-tat tariffs on goods totaling $360 billion, with the US acting as the aggressor, and Trump threatening numerous times to place tariffs on all Chinese imports to the US, worth around $500 billion."
"The complaint alleges that for more than 10 years, Gaylen Rust tricked investors who believed they were pooling their money so Rust and his company would sell silver held in a pool as market prices rose, and buy silver for the pool when prices fell. Investors were told this would lead to 'extraordinarily high profits.”
"For David, the responsible head of a thriving middle-class family, having health insurance was non-negotiable. But the coverage he found to replace the company plan cost $1,375 a month."
While gold & the gold stocks remain unloved and dirt cheap, they are truly a rare sector that rallies as the general stock market weakens. Here's more...
With tight exit points for risk management, here's what the technicals are signaling with the GDX, but that's not the only ETF giving signals. Here's more...
In Tom Clouds newest update, he discusses many topics on rising precious metals premiums, silver miners production cost higher than the market price, skyrocketing debt and the coming rise in the gold and silver price. However, one of the most important parts of his video is the number of financial planners now calling him because...
"If you really believe you have found another smoking gun to believe you were manipulated out of your profits due to the 2011-to-2016 market decline..."
China has developed tremendously in recent years, but is the country entering a recession, and how will that affect the gold market? Here's some insight...
How is it that the LBMA has this seemingly endless supply of gold? Do they really have all that gold, or is something else going on here?
SD Friday Wrap: Good news. No, make that GREAT NEWS! The tide has turned for gold & silver. What's the proof? Grab your surfboard and come find out...