Precious metals are apparently waking up. And here is where you can find the best deals.
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Happy Friday!Pull up a chair and grab a cup of coffee because it's time for some Fun on Friday. And if you really want to enjoy that cup of Joe, I highly recommend adding some gold.Actually, I don't recommend that at all. As I've made clear in several Fun on Friday posts, I don't really get the appeal of eating gold.
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.
Get ready for higher prices.According to a recent report by the Wall Street Journal, US consumers are about to be hit by a wave of inflation. ZeroHedge summed up the report.Many US consumer staple and industry-leading companies are either already in the process of raising prices, or have set concrete plans to do so in the very near future."
SD Friday Wrap: Three days of pain, one sweet surge, and then came the hammer. What was the cartel so afraid of? Find out right here...
"...man, they got double-crossed here, you know? They’re just getting b-slapped around by the commercial banks..."
"In the past fifty years, we have seen more than eight global crises and many more local ones, so the likelihood of another one is quite high. Not just because of the years passed since the 2007 crisis, but because the factors that drive a global crisis are all lining up."
TraderStef has an timely update on the week's action in gold. What's going on with gold, what's the outlook, and what would TraderStef do? Find out here...
Jim Willie: NASTY WARNING SIGNAL In The Bank Stock Index Is Signaling Near-Term Bank FailuresNovember 2, 2018
Jim has a dire near-term warning that includes a third world style US dollar crisis, a debt crisis, a major financial crisis, and the implications for gold...
Tariff, Schmariff: US Trade Deficit With China Hits Yet Another All-Time HighNov 2, 2018 - 06:50:39 PDT
If, as Trump has stated, reducing the US trade deficit with China was the primary point of imposing tariffs on Chinese goods in the first place, what is the appropriate policy response when the so-far net result has been the exact opposite of that goal?
Former Goldman Sachs Partner Pleads Guilty to Malaysian Gov't Money Laundering SchemeNov 2, 2018 - 06:39:35 PDT
"Tim Leissner, 48, a former Goldman Sachs partner, pleaded guilty to conspiring to launder money and conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials and circumventing internal accounting controls."
#JobsJobsJobs! Gold & Silver's Knee-Jerk To The Jobs Report Was A Drop (Which May Be A Good Thing)November 2, 2018
The October jobs report just blew-out the estimates, and gold & silver have initially dropped, which may be a good thing for gold & silver. Here's why...
Finally, Wage Growth; October Payrolls Adds 250,000 Jobs, More Rate Hikes Dead AheadNov 2, 2018 - 05:57:39 PDT
"And just like that, the US economy is overheating again. Overall, a very strong job report with hourly earnings growth now well inside the 'redline', and assuring not only a December rate hike, but - all else equal - quite a few more rate hikes in 2019."
20% of All Student Loan Holders Say They Won't Be Able to Make Their Next PaymentNov 2, 2018 - 05:39:27 PDT
44% will find it "challenging" to do so. 65% have less than $1,000 in the bank. 80% say they can't save for retirement because they can't afford the debt they already have. Student loans have become the defining factor in the lives of many: "People are terrified of how they’re going to be 40 years from now.”
"While unsuspecting U.S. consumers continue to expect low, sub-2% inflation they are about to be blindsided by a coming inflationary shock. Many U.S. consumer staple and industry-leading companies are either already in the process of raising prices, or have set concrete plans to do so in the very near future."
Flip Flops: Quick Resale Market Dries Up as "House Flipping" No Longer ProfitableNov 2, 2018 - 04:35:48 PDT
"A combination of higher costs and lower demand is putting a chill on the once hot house-flipping market.This year the sale side of the home flip equation has also become more challenging, as rising mortgage rates have cooled off demand from first-time buyers and other financed buyers who flippers often sell their product to."
Very few are connecting the dots of the convergence of the many risk factors that will likely create another global financial crisis. Let's connect them...
Gold's endless thrashing of mostly downward price action is discouraging, but the chart is still quite bullish, giving the gold bulls the edge. Here's why...
A rally in the last two days of the month was the lone bright spot in an abysmal October. It was the worst month for global equities in more than six years. Globally, stock markets lost 7.5%, their worst month since May 2012. Even with the late rally, it was the biggest monthly decline in the NASDAQ since '08.US stock markets closed up for the second straight day on the final day of the month. It was the first back-to-back days of gains in October. As Peter Schiff put it in his most recent podcast, it may have been Halloween, but the bulls had no fear.
Increased gold buying by consumers and central banks pushed overall demand for the yellow metal up slightly in the third quarter, according to the World Gold Council's Gold Demand Trends 2018 Report.
Keith joins Silver Doctors for an critical update on gold, silver, the mining sector, the gold-to-silver ratio, the Fed rate hikes, and a whole lot more...