Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals news
Nov 14, 2018 - 12:24:12 PST
The most Wells-Fargo thing ever: The bank now says shareholders shouldn't be able to sue them for hiding countless material events and deceptions, while saying they wouldn't do those exact things, because the idea of Wells Fargo saying they'd be honest, and then not lying, was so crazy nobody could have been so stupid as to believe the claim.
How Goldman's Culture of Ignoring Compliance Created the Biggest Financial Con in HistoryNov 14, 2018 - 11:17:40 PST
"Leissner told the court there was a 'culture' at Goldman Sachs of bypassing internal compliance. That’s backed up by US prosecutors, who say Goldman’s business culture in the region was 'highly focused on consummating deals, at times prioritising this goal ahead of the proper operation of its compliance functions."
"The economy comes out of a recession, things recover (these days with the help of central banks) and the cycle ultimately morphs into unrealistic positive expectations. But then something happens at the end of each cycle..."
A six-page .pdf special report. "As the Federal Reserve continues to hike interest rates, the bear case for gold seems to be gaining strength. However, this assessment could be premature, causing investors to potentially lose out on a lucrative position in gold."
New Government Report to Address Postal Service's "Unsustainable Financial Path"Nov 14, 2018 - 10:19:53 PST
Leave it to an administration that is increasing the federal debt by over $1T per year, at a rate faster than any other in history, to fret about the post office's $3.9B annual loss. In other news, Pot to Write In-Depth Report Describing Blackness of Kettle.
"Potential homebuyers pulled back last week, worried about rising interest rates and about what was behind big daily drops in the U.S. stock market; volume was 22 percent lower compared with the same week one year ago."
"Buy, hold and hope’ at high valuations has always been a dangerous financial strategy; but given the extraordinary monetary experiments and debt-fuelled speculating of the past decade, it has never been more dangerous than today."
Keith Weiner On The RMC Bankruptcy And What It Says About Our Current Monetary SystemNovember 14, 2018
What could be going on over at Republic Metals, and what does it say about our broader monetary system? Here's Keith with some insight...
"2019 Could Be the Year Where Gold Bulls Finally Get Their Day in the Sun"Nov 14, 2018 - 07:52:57 PST
Chris Weston, Head of Research at Pepperstone Group, sees the same air of inevitability around a significant gold price rise as we do. "Risk aversion will take hold, with a rampant flattening of the U.S. yield curve and a [dollar] flight will be in play. This is when gold works."
Thank You, Mr. Market: Right Now, the Cheapest Silver, Relative to Gold, in 25 YearsNov 14, 2018 - 07:34:28 PST
For whatever reason, every time gold has been worth more than 80x silver, it has marked a great historical buy opportunity for silver. It has meant silver has been cheap. And right now, the gold/silver ratio is telling us that silver is available at a deeper discount, at a cheaper price vs. gold, than it has been since 1993.
Gundlach: Rate Raises + Increased Federal Debt = US Economic "Suicide Mission"Nov 14, 2018 - 06:15:26 PST
“It’s very strange that we have a rising deficit so late in an economic expansion and what’s supposedly a good economy, and we saw earlier GDP is nominal at 5.5% year-over-year, and real is 3.0% so for the last year it has been a good economy,” Gundlach said. “It’s very bad that the deficit is rising.”
What "The Fed Wants to Loosen Regulations Even More for Community Banks" Really MeansNov 14, 2018 - 06:07:20 PST
"Please lend more money to more people who are almost certain not to be able to pay it back because that will help us kick this godforsaken-nightmare-economic-day-of-reckoning can down the road for at least a few more days."
"John LaForge predicts $1,300 an ounce within the next 12 months, an 8 percent gain from current levels."
How Much More Proof Do We Need? Japan's Economy Contracts More Than Expected in Q3Nov 14, 2018 - 05:48:16 PST
In Japan, the land of the eternal stimulus package where the government has repeatedly shown it will go to any length to postpone economic reality until it is inevitably forced upon them, all the ZIRP and central bank buying in the world can't artificially force organic growth.
Holtz-Eakin: "Average American Is Blissfully Unaware of the Federal Debt Problem"Nov 14, 2018 - 05:39:18 PST
Presidential candidates lie to get elected. And one of the things they lie about most is what they will be able to accomplish without adding debt to the federal deficit. Which, to the average American, seems to impact things so little it might as well be 10x higher anyway.
German Economy, the Engine of the Eurozone, Shrinks for the First Time in 3 YearsNov 14, 2018 - 05:24:53 PST
"In what was its worst GDP print in three years, Germany saw its economy contract 0.2% in Q3, putting Europe's strongest economy on the brink of a technical recession and providing the clearest sign yet that economic growth in the euro area stalled just as the ECB was preparing to end its massive bond-buying program."
The lynchpin of the free market is that when companies make bad decisions that lead to their insolvency and inability to pay back debt, they must be allowed to fail.
Where Are All the Macroeconomic Benefits of the Trump Corporate Tax Cut?Nov 14, 2018 - 05:06:13 PST
"Since the tax cuts were passed, the 1,000 largest public companies have actually reduced employment, on balance. They have announced the elimination of nearly 140,000 jobs — which is almost double the 73,000 jobs they say they have created.”
“It is a fact that when your national debt gets to the level ours is, that it constitutes an economic threat to the society. And that kind of threat ultimately has a national security consequence for it," said John Bolton, President Trump's National Security Advisor."
Ray Dalio: Quarterly Filing Show His Fund Continues to Hold Huge Stakes in Gold ETFsNov 14, 2018 - 04:58:28 PST
"Dalio’s Bridgewater Associates maintained its holdings in SPDR Gold Shares, the largest bullion-backed ETF, at 3.9 million shares, and its stake in iShares Gold Trust, the second-largest, at 11.3 million shares."