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US to Target Venezuelan Gold Exports With Sanctions to Stop Maduro From LootingOct 31, 2018 - 12:54:58 PDT
"Washington is preparing sanctions to impede Venezuela’s gold exports and clamp down on what U.S. officials say is an effort by President Nicolás Maduro to loot the embattled nation’s riches and offset a US campaign to squeeze the authoritarian government’s finances, according to people familiar with the matter."
The banks are not on your side, the banks are not flipping to get long, and the banks are not looking to profit from rising prices. Craig explains why...
Oct 31, 2018 - 07:21:47 PDT
“You can imagine what they would be worth now,” said Keith Webb of Blue Water Ventures. “Some of these coins are extremely rare and would help fill in gaps when it comes to the history of American coins. We know of 10 gold pieces that were recovered at the site years ago, and they sold for $70,000 each.”
“Going forward, we expect market ‘fear’ of a U.S. recession to strengthen. Recession worries and gold investment may increase further after U.S. growth begins to slow down.”
Happy Halloween! Six Terrifying Real-Data Charts Kick Off Your October FrightmareOct 31, 2018 - 06:43:18 PDT
Who needs pretend scary when you live in financial times like these? Student debt, the 30-year rate, shaky "cov-lite" loan levels...if you can make it through this series of real-world economic phantasmagoria, no amount of door-knocking demons and ghouls will be able to send a chill up your spine tonight!
Oct 31, 2018 - 06:22:51 PDT
That gold-market participants are generally bullish on gold should come as a surprise to nobody, but calling for a 26% year-over-year gain is strong testimony to the wider perception that precious metals are overdue — way overdue — for a serious rally.
Former Fed Chair Janet Yellen: "If I Had a Magic Wand, I Would Raise Taxes"Oct 31, 2018 - 06:14:04 PDT
Janet Yellen continues to hammer away on the same point she's been making for well over a year: The current combination of rapidly escalating government spending and rapidly decreasing tax revenues is about as powerful a recipe for accelerating an American economic disaster as there is.
Following up on the resounding success the World Premiere of Hidden Secrets of Money Episode 9, watch the powerful conclusion to this two-part installment.
Oct 31, 2018 - 06:09:09 PDT
It appears that Canadian major Barrick Gold was just getting warmed up when it bought out Mali-focused Randgold in August. They reportedly have their acquisition sights set on no fewer than nine of the largest gold mines on Earth.
In what largely boils down to a war of face-saving in front of their citizenry, Xi has a weapon Trump does not: full sway and command over stimulus-on-demand. So while it may be self-defeating, even crippling to their longer-term economic well being, count on Xi to pull out all the stops to not "lose" to Trump over the short term.
US Dollar Hits 16-Month Highs on Japan Signaling Yet More Accommodation, Weak China DataOct 31, 2018 - 05:35:44 PDT
It is the great headline conundrum: A strong US dollar sounds like a great thing, but for an administration in the midst of a ramping tariff dispute that is on the brink of escalating to an all-hands-on-deck trade war, it is about the worst thing that can happen, as a weak Chinese yuan keeps exports cheap and saps the tariffs of their sting.
Michael says there are plenty of reasons to be cautious in stocks, bond, and real estate, but no reason at all to be cautious in gold or silver. Here's why...
Stewart says gold has once again proven itself as a safe haven asset, but the next moves for gold and the stock market depend on this...
The LBMA has an initiative to make the gold market more "transparent". Thanks, but this is too little, too late. We know how the gold silver markets work. Here's what […]
The US Treasury plans to borrow another $425 billion in the final quarter of 2018, bringing total borrowing for the year to $1.34 trillion, according to a Treasury Department press release.The 2018 borrowing level is expected to more than double 2017's number.
Halloween is tomorrow. Fittingly, fear is back.Gold appears to be on track for its first monthly gain in seven and safe-haven buying has helped drive the yellow metal higher. As a Goldman Sachs note put it, "fear has made a comeback and gold is benefitting.
The Best Last Minute Halloween Costume Ideas For The Politically Correct (Or Not) Goldbug & SilverBugOctober 30, 2018
Not politically correct Halloween costume ideas for all budgets (including no budget). Time-tested, stacker approved, and even a smokin' hot goldfish!
After 13 years as Chancellor, Angela Merkel is stepping down. What implications does that have for gold? Here's some insight...
Number of Americans Who Expect Stocks to Drop Next Year Hits 11-Year LowOct 30, 2018 - 10:08:50 PDT
Which is exactly the sort of sentiment that precedes giant market declines. Like the last time this few Americans expected stocks to drop: 2007, immediately prior to the subprime crisis and Great Recession.
Because when the Fed and big banks collude to write laws that cater to the interests of both, there's just no end to the to the amount of systemic risk to which they can expose the world.