Precious metals are apparently waking up. And here is where you can find the best deals.
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This past week we highlighted the western led precious metal price containment scheme with two specific long term data driven price charts (LBMA gold and NY silver price discrepancies vs […]
Gold holdings in gold-backed ETFs rose globally by 16.5 tons in October. It was the first monthly net inflow of the yellow metal into ETFs in four months.According to a report by the World Gold Council, positive gold price performance for the month (+2.3% in USD) was a key driver of inflows in North American and European funds. Global assets under management rose by 3.1% in US dollars relative to September.
Russian Alternative to SWIFT Dollar System Growing; Could Expand to Other CountriesNovember 7, 2018
The Russians have an alternative money transfer system up and running, and according to a report in RT, it has now surpassed SWIFT in popularity in that country. This is part of a broader effort by countries like Russia and China to limit their dependence on the US dollar and set up alternative financial channels outside of the global dollar system.
"It has been an odd and frustrating year for COMEX Digital Gold and Silver. However, conditions exist that could drive prices..."
On a day when stock markets surged in the wake of midterm election results, the 10-year yield hovered around 3.22%, while the DX was steady around 96.05. Gold was $1,226 bid at 4PM with a loss of $1.
No gold for you! The Bank of England has refused to give Venezuela its gold back. Wait until you read the reason why...
Student and Auto Loan Debt Hit All-Time Highs as Credit Card Debt RetreatsNov 7, 2018 - 12:55:59 PST
Is the inexhaustible American consumer finally tapping out? Credit card debt fell for the 5th time in 8 months, as the primary driver of American GDP showed continued signs of weakness. On the flipside, auto loans and student loans both ticked up to fresh all-time highs.
"The U.S. has a 106% debt to GDP ratio, trillion dollar deficits on the way, more spending on the way. We’re getting more and more like Greece. We’re heading for a sovereign debt crisis. That’s not an opinion; it’s based on the numbers."
"The rising inflation in October means the central bank’s real interest rates — the level once price rises are taken into account — has been pushed further into negative territory, another issue investors have expressed concern about."
"Consumer attitudes toward both buying and selling homes dropped, with the former falling the most of all the six survey components, a sizable 5 percentage points. It tied its second-lowest reading in the survey's history."
As Mortgage Rates Hit 8-Year Highs, Mortgage Applications Hit 18-Year LowNov 7, 2018 - 06:58:02 PST
It's pretty simple. If you had any interest in buying a house, any interest at all, you bought a house when ZIRP-driven mortgage rates were near all-time lows. Now, with sellers still holding out for unrealistic prices, the true extent of the massive demand falloff is becoming rapidly apparent. Next? Price cutting and the rush to the exit.
"During the 2008 economic contraction when stocks tanked, gold had pretty good run: take a look at the charts. Would another recession have a similar look?"
Goldilocks: Did We Just Get A Catalyst That's ‘Just Right' For An Upside Surprise In Gold & Silver?November 7, 2018
SD Midweek Update: There are a couple of very compelling, fundamental reasons why we may finally get that upside surprise this week. Here are the details...
Ex-JPMorgan Trader Guilty of Manipulating Precious Metals Markets for YearsNov 7, 2018 - 05:32:36 PST
"John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing. Edmonds, a 13-year J.P. Morgan veteran, said that he learned how to manipulate prices from more senior traders and that his supervisors at the firm knew of his actions."
HSBC, accustomed to money-laundering fraud from within, gets hit from without: "This breach included customers’ full names, mailing addresses, phone numbers, email addresses, dates of birth, account numbers, account types, account balances, transaction histories, and statement histories."
As 1MDB Legal Charges Loom, Goldman Hires Former Gov't AG to Defense TeamNov 7, 2018 - 05:17:29 PST
That's how it's done, Mark Filip! You put in a few years making relative peanuts working for the federal government, learning how it prosecutes fraudulent banks, talking about "justice" and "what's right." Then you leave and cash in by going to work for those same banks, bringing the government's prosecutorial playbook with you.
Dollar Falls as Election Results Douse Hopes for Further US Economic StimulusNov 7, 2018 - 05:11:22 PST
With Republicans losing the House majority overnight, expectations of a whole lot of legislative gridlock, and very little actually getting done, are settling in. And fortunately for those who think the federal debt matters, that includes any would-be economic stimulus package.
Stewart says gold stock investors should prepare to surf a global inflationary wave. Here's why...
Touting Transparency In Gold, Ex-Central Banker Is Contradicted By IMF, BIS, And Her Own SuccessorNovember 6, 2018
Chris Powell picks apart a recent article touting LBMA gold transparency as largely propaganda and disinformation...
Matt from Silver Fortune: What Does The RMC Bankruptcy Mean For Gold & Silver Owners?November 6, 2018
Matt provides his independent analysis on the RMC bankruptcy, and what the bankruptcy means for gold & silver owners. Tune in to this timely update...