Precious metals are apparently waking up. And here is where you can find the best deals.
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"The gold market was caught by surprise when two of eastern Europe’s biggest economies, Poland and Hungary, made rare purchases in recent months. Were Poland and Hungary signaling worries about economic conditions? Were they cutting exposure to the dollar?"
Strip away all the political posturing and you're left with a simple truth: the weaker the yuan is, the cheaper Chinese exports are for US citizens to buy, and the less painful US tariffs are for China. And the USD is now stronger vs. the yuan than at any time since 2008.
As short-term stimulus measures fade and the go-go days of ZIRP borrowing get more distant in the rearview mirror, Goldman sees and states the obvious: Without being perpetually propped up by outside interference, this credit-bloated economy can't sustain itself.
Plenty Of Fuel For Gold's Fire: Markets' Major Sentiment Shift Is Accelerating A Young Gold UplegOctober 29, 2018
Gold has proven a rare bastion of strength during recent weeks’ market carnage, and there is plenty of abundant fuel for a gold upleg. Here's why...
Chinese Gold Demand To Remain Sustained And Demand Will Increase As The Yuan StrengthensOctober 28, 2018
Alasdair Macleod has a very important update on the current state of the global credit cycle, interest rates, inflation, gold, and much more...
The 10-year bond yield slipped to 3.075%, and the DX made a fresh low at 96.28. Gold was $1,233 bid at 4PM with a gain of $2.
I really shouldn't have to tell you this. But if Bruce Springsteen gets in contact with you and asks you to help him ship his stash of gold home from Dubai, you might want to be a little suspicious.Seriously. Be suspicious. Just a little.
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.
Peter Schiff recently appeared on RT News with Rick Sanchez. Peter said both an economic and a political crisis is looming, and Americans need to get ready.
Dave Kranzler and Craig Hemke get together to discuss the stock market, Deutsche Bank, Tesla, gold, silver, and a whole lot more...
"Tax increases can’t pay off our politicians’ debts. Those supporting tax increases want the money to spend buying more votes. Politicos will fuel inflation – paying interest with devalued, worthless dollars."
American Horror Story: $1.5T in Student Debt; Over 10% Is More Than 90-Days DelinquentOct 26, 2018 - 09:16:51 PDT
US student debt is up a staggering 157% since 2007. More than 10% of it is already well delinquent, and this ugly number should get significantly worse as rates continue to rise. Did we mention that this $1.5T-and-fast-growing mess is the single largest asset on the federal government's balance sheet?
9+ Pound Bronze-Age Gold "Tullydonnell Hoard" Find Goes on Display in IrelandOct 26, 2018 - 06:32:26 PDT
"One of the heaviest hoards of gold ever discovered in Ireland has gone on display at the National Museum. The National Museum’s Keeper of Irish Antiquities Maeve Sikora said the gold underwent extensive analysis by conservation staff over recent months and the results indicated it dated to between 1200 BC and 800 BC."
Oct 26, 2018 - 06:24:46 PDT
"A reverse wealth effect is kicking in. Homeowners are seeing their home equity - aka their net worth - stop growing, and in some cases, drop by shocking amounts."
El-Erian: Fed Has Given Zero Indication It Will Stop Raising Rates Anytime SoonOct 26, 2018 - 06:20:57 PDT
"El-Erian said it was 'not surprising' to see a recent spike in market volatility. That’s because the Fed has been 'very insistent' with its plan to raise interest rates this year and next — without saying 'a single soothing word' during the recent bout of selling."
Pick Your Debt Poison: Will Corporate Debt Be the Catalyst for the Next Recession?Oct 26, 2018 - 06:12:10 PDT
One thing in corporate America is certain: If you allow companies to borrow money at close to zero-percent interest, they will. All they can, as long as they can. And woe betide anyone left holding the bag in a market that has drastically overpaid for highly risky corporate bonds.
It's difficult to reconcile that as recently as last year, Europe was growing faster than the US. Now, faced with threats as serious and varied as Brexit, trade war crossfire, Italian debt worries, and German automaker sales that are already hurting as Trump threatens direct tariffs, the outlook is grim.
Harvey has a very important update today as he learns 5.71 tons of gold are standing for delivery against only 4.28 tons of registered COMEX gold...
US Q3 GDP Headline Number of 3.5% Beats Expectations on Huge Inventory BuildOct 26, 2018 - 05:54:39 PDT
US inventories increased by their largest amount since Q1 2015, responsible for fully 59% of the total GDP growth number. Sharp quarterly increases in inventory (known as "channel-stuffing" in the corporate accounting world) make quarterly results look better on the surface than they operationally were.
China State Banks Control Incredible $35T-Worth of Assets, Over 2x as Much as US BanksOct 26, 2018 - 05:45:20 PDT
“We have to be aware that there are still institutional and structural contradictions and problems,” said Liu Kun, China’s finance minister, in the report. “The mission of preventing massive risks remains tough.”