Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Size of LBMA Gold Market, Shrouded in Secrecy, to Be Revealed November 20Oct 30, 2018 - 09:46:28 PDT
"The London Bullion Market Association (LBMA) will begin publishing data on November 20 that will provide the most accurate picture yet of the size of London’s gold trade. Because most transactions are done bilaterally between banks, brokers and traders reluctant to reveal their activity, its true size remains a mystery."
Treasury Forecasts Highest Federal Debt Issuance Since 2010 Due to Increased Spending, Tax CutsOct 30, 2018 - 09:38:57 PDT
Government spending is way up. Tax revenues are way down. The madness of fiat-currency-IOU printing shifts into high gear as politicians promise the impossible, then quadruple-mortgage the future of coming generations to pay for their election-seeking lies today.
"It took the United States 193 years to accumulate its first trillion dollars of federal debt. We will add that much in the current fiscal year alone."
In episode 9 of Hidden Secrets of Money, Mike Maloney draws eerie parallels to the misguided leaders and monetary policies that doomed civilizations from Ancient Rome to modern-day America. Can President Trump save America? Will the Federal Reserve Board be able to pull off yet another round of extremist interference and postpone a crisis? Find out how Mike believes it will play out.
Making sense out of what's going on with gold is not an easy task, but thankfully, TraderStef is here to sort it all out for us. Here are the details...
Italian GDP Grinds to a Complete Halt Even as Populist Leaders Seek to Shirk DebtOct 30, 2018 - 05:03:14 PDT
A huge part of the reason Italy's new populist leaders got elected was their attitude toward Italy's insurmountable debt burden: Forget it and let it fall on the shoulders of the eurozone so a pseudo-independent Italy can start fresh and take care of itself. But Q3 GDP growth of 0.0% attests that walking away from debt is hardly the whole job.
Is The Current Weakness In The Gold Stocks Signaling A Move Lower In The Price Of Gold?October 30, 2018
The gold stocks have recently been trending with the broader stock market. Does this mean we could see another downturn in gold? Here's some insight...
Eight HSOM Episode 9&10 bonus feature videos, kicking off with a 39-minute Director's Cut feature from Mike himself!
How Can Skyscrapers Predict Economic Crashes? It's Your Dime Interview with Mark ThorntonOctober 29, 2018
What can skyscrapers tell us about the state of the economy?A lot actually. In fact, you can predict economic crashes by looking at skyscraper construction, as economist Mark Thornton explains in this episode of It's Your Dime.
The Dow Jones dropped another 296 points on Friday. The NASDAQ is on pace for the largest monthly decline since the 2008 financial crisis. The Russell 2000 has dropped over 12%. And yet everybody still seems to think everything is fine.But as Peter Schiff said in his most recent podcast, nobody actually realizes when a bear market starts. When they finally do figure it out, it's too late. During the last two bear markets, the Federal Reserve has saved the day by reinflating the bubbles. But Peter said the monetary magic isn't going to work this time around.
The GoldSilver Mission: "To enlighten the world that maximum prosperity can only be achieved through individual freedom, free markets, and sound money."
This legendary investor say gold investors will be rewarded over the next couple of years now that gold has started another up-leg of this bull market...
Forbes: IMF Argentina Plan Is "Do What Didn't Work in Greece, Only Bigger!"Oct 29, 2018 - 11:10:30 PDT
"The IMF has just published a new review of Argentina’s economy. It is grim reading. Argentina is in trouble. But the review also reveals that the IMF could be in even bigger trouble. It is repeating the same mistakes it made in the Greek crisis – but with a much larger amount of money at stake."
"Trump is Right: The Fed is a Big Problem," but Perma-ZIRP Isn't the Answer EitherOct 29, 2018 - 10:22:23 PDT
Trump's belligerence toward Jerome Powell has only grown over time, and he's right that the Fed, so often positioned as the solution to the country's economic problems, is much more the cause of them. But leaving rates close to 0% indefinitely and printing money with abandon is no more sensible a solution than what the Fed is doing now.
The metals react to the fear of a collapsing stock market by rocketing higher, but we haven't seen the move, so here's Chris to explain what is going on...
"Almost?" Capital One CEO and Dream-Chaser Richard Fairbank: US Fiat Ponzi Might Not LastOct 29, 2018 - 06:56:48 PDT
At every level of credit and finance, a basic misunderstanding of just how unsustainable our current system is: “In so many ways, one can’t help but be struck by…just how good the economy [at] this point is,” Capital One Chief Executive Richard Fairbank said on the company’s earnings call. “And in some ways, it almost feels too good to be true.”
Oct 29, 2018 - 06:42:26 PDT
Around and around it goes...when it stops, nobody knows. That it will stop is nothing less than a history-tested, simple mathematical certainty, and positioning your portfolio in real-money hard assets like gold and silver will have you prepared to weather the coming crisis.
US YoY Spending Growth Lowest Since May, Personal Income Growth Lowest Since MarchOct 29, 2018 - 06:30:25 PDT
Total US household debt at all-time highs above $13T. Spending growth starting to falter as income growth stalls out even faster. The Fed shrinking its balance sheet. Rising rates. A housing market starting to roll over nationwide as former hot markets like California begin sharp declines. Everything in the Everything Bubble is starting to contract.
The data correlate to the sound of a bubble popping: As prices fell 2.9% from August to September, supply spiked higher: "Statewide active listings rose for the sixth consecutive month, increasing 20.4 percent from the previous year. Inventory reached the highest level in 31 months, with the Unsold Inventory Index reaching 4.2 months."
Morgan Stanley: This Time, Don't Count on the Fed to Bail Out Risk MarketsOct 29, 2018 - 05:34:59 PDT
As the discord between Trump and Powell grows, MS says we shouldn't hold our breath waiting for the Fed to blink. The specter of rising inflation on the heels of a decade of unprecedented government stimulus may mean the Fed has little choice but continue raising rates into an ever-more-faltering baseline economy.