Precious metals are apparently waking up. And here is where you can find the best deals.
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GATA Board Member Ed Steer Explains How The Futures Market Controls Gold & Silver PricesNovember 1, 2018
The prices of gold & silver have very little to do with supply and demand and nearly everything to do with a controlled futures market. Here's Ed to explain...
The boundless optimism of those who believe, incorrectly, that they are in control: "In 2017 Fed Chair Janet Yellen reassured us: 'Would I say there will never, ever be another financial crisis? That would be going too far but I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will be."
IT'S OFFICIAL: President Trump Just Placed (By Executive Order) Sanctions On Venezuela's GoldNovember 1, 2018
Curiously, the word "gold" only appears one time in the 1,326 word Executive Order. Read it right here...
Martin Armstrong: "Politicians Are Creating the Worst Economic Crash in History"Nov 1, 2018 - 09:59:48 PDT
"Welcome to the new face of stupidity. They are so out there that it is like they are sitting on a branch of a tree and cutting the branch expecting the tree to fall."
The appeal of the yellow metal, especially given today's sociopolitical environment, is no mystery. "Russian central bank's First Deputy Governor Dmitry Tulin told lawmakers in the lower house of parliament that gold was 'a 100 percent guarantee from legal and political risks."
Elliott Wave analysis of the charts shows a constructive structure in gold with the expectations of higher prices ahead. Here are the details...
Demand for the flagship US government gold sovereign coin remained generally steady for the third consecutive month.
The opposite of bubbled-out risk-asset markets in search of a pin, precious metals represent deep value simply waiting for the next inevitable crisis. "There certainly is no shortage or absence of concerned voices warning about a future recession and other financial and economic problems in the present cycle."
"When investing in alternative assets gold remains the king. The yellow metal performed far better than the world's best-known cryptocurrency, Bitcoin, during October's market volatility."
Harvey Organ: The Crooks Hit Gold & Silver As It Was The Last Day For London Options ExpiryNovember 1, 2018
Harvey explains why they always raid on the last day for options expiration. This raid was good for $10.35 in gold and $.18 in silver. Here's an update...
Those That Were First Shall Be Last: San Diego Home Sales Collapse to 11-Year LowNov 1, 2018 - 05:12:32 PDT
Real estate markets that ran hottest during bubble inflation tend to start cooling the fastest when the macro picture shifts for the whole market. Multi-year high mortgage rates and a market that does not yet realize prices need to come down from near all-time high prices make for a market at an inflection point. Next, the price cuts.
Why Is the US Government Selling More Debt Now Than Just After the 2010 Crash?Nov 1, 2018 - 05:06:46 PDT
Remember back when the government had to swear to us the world would collapse if we didn't allow it incur an $80B annual budget deficit? How far we've come and how low we've sunk that while this administration touts our idyllic 'Goldilocks' economy, it's overspending by more than any administration in US history.
"...as counter-intuitive as it may sound, people have to hate the market that’s about to take off. Because the more non-believers there are today, the more..."
"This month's rally in gold prices may not be over. That's because investors are still heavily betting on a decline in the value of the precious metal. When speculators overwhelmingly bet in one direction then a move in the opposite way is often the result."
Shocktober Tech Wreck: Nasdaq Falls 9.2% for the Month, Its Worst in 10 YearsOct 31, 2018 - 23:49:04 PDT
But November 2008, witness to a 10.8% Nasdaq decline, marked the tail end of a brutal 6-month stretch that saw the composite fall by over 40%. Even after this past month's carnage, the Nasdaq is still only 11% off the all-time high it hit in late August.
Ignoring Trump Sanction Threat, India Pays for $5.4B in Russian Weapons With RublesOct 31, 2018 - 23:40:01 PDT
As the world continues to find ways to do business that exclude the US and the USD entirely, "After facing down US threats of possible economic sanctions should it follow through with its plans to purchase nearly $5.4 billion in Russian S-400 anti-ballistic missile systems, India has successfully called the US's bluff."
Lynette Zang: Heck Yeah You Should Be Buying Gold While The Dollar Still Has Any Value Left!October 31, 2018
Lynette says to take advantage of dollar strength and convert your wealth into real money while our fiat currency still has any value left. Here's why...
Pres. Trump has spent a lot of time sniping at Jerome Powell and the Federal Reserve in recent weeks. As we put it last week, Powell has become the president's favorite scapegoat as he tries to deflect blame for the tanking stock market. But in a recent appearance on The Closing Bell, Peter Schiff said there will be plenty of blame to go around when the next crash grips America. And this one will make 2008 look like the roaring '20s.
Later in the afternoon, US stocks trimmed some gains. The US 10-year yield remained steady around 3.15%, but the DX pulled back to 97.04. Gold was $1,216 bid at 4PM with a loss of $6.
DEVASTATING PAIN & SUFFERING To Follow As US Plans To Kill Venezuela's Gold ExportsOctober 31, 2018
Current sanctions and threats of US military intervention are apparently not enough as the US now looks to sanction Venezuela's "illegal" gold exports...