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The speculators are now long and the commercials are short again, but what does that mean for the gold price in the coming weeks? Here's John to explain....
Foundation for Economic Education: 5 Reasons to Worry About Soaring Federal DebtOct 22, 2018 - 09:57:04 PDT
"Compared to the size of the economy, today’s federal debt is, by far, the highest in our peacetime history. Future living standards are being eroded as huge costs are being pushed forward, and the rising debt will eventually spark a damaging financial and economic crisis."
Forbes: Social Security Does Not Add to the Federal Deficit, Because Legally, It Can'tOct 22, 2018 - 09:43:07 PDT
"It is correct to say that Congress added to the deficit, not Social Security. The deficit rose substantially because of the 2017 tax cut, which reduced total revenue by 5% and revenue from corporate taxes by 35%."
"Danielle DiMartino Booth, Quill Intelligence CEO and former Dallas Fed advisor, discusses the Federal Reserve's policy path and what market watchers are expecting for the rest of the year and into 2019."
"Even as RBI is selling its stock of USTs, India is still among the top 15 investors of US sovereign debt figuring 13th in the list ahead of certain advanced economies such as Canada, Australia and France."
Oct 22, 2018 - 07:24:56 PDT
"Just in the nick of time not: Fair Isaac is launching a new type of credit score that will give millions more credit. Just as the economy is peaking, consumers with a low FICO could get a higher 'UltraFICO', a new score that factors in bank-account activity as well as loan payments."
Emerging Economies Stocking Up on USD Insurance Ahead of Dollar-Dominance DemiseOct 22, 2018 - 06:50:35 PDT
"Hungary, Poland, Russia, China, India, Turkey, Saudi Arabia are all hoarding gold. There are few alternatives to the US Treasury bonds in terms of volumes and market liquidity, but more prudent countries want to boost their reserves. Gold is, in fact, the only alternative. Even for those who do not believe in it."
Oct 22, 2018 - 06:37:33 PDT
"We saw a collapse in the Smart Money Flow index in 1999 as the Dot.com bubble exploded. Then we saw a slower decline starting in 2004 in front of the housing bubble burst and financial crisis. Now we have a third collapse."
T-Minus 15 Days: Crash The Stock Market Into The Mid-Term Elections And Blame President Trump?October 22, 2018
SD Outlook: If that's the Globalist/Deep State plan, it will be one of the rare occasions where the cartel lets gold & silver rally. Even rally hard. Here's why...
"Gold Shorts Suffer Biggest Squeeze Since 1999 As Specs Abandon VIX-Selling Spree"Oct 22, 2018 - 06:09:12 PDT
"Until the last couple of weeks, net speculative positioning in financial markets was all on one side of the boat with speculators are woefully unprepared for a major risk-off event, suggesting complacency had reached epidemic levels as equities broke out to new highs. Then the calendar rolled over to October and everything changed..."
Euro Banks Facing "Funding Cliff" Eye ECB as Most-Liberal Lender of Last ResortOct 22, 2018 - 05:46:04 PDT
"The ECB’s cheap four-year loans, known as Targeted Longer-Term Refinancing Operations or TLTROs, were doled out from 2014-2017 and were intended to push banks to lend more to companies and households. The repayment deadlines mean the region’s massive excess liquidity will start contracting, putting upward pressure on market rates -- unless the ECB starts a new round of funding."
Prepare for a Global Trade Backdrop Where China 'Compels' Saudis to Trade Oil in YuanOct 22, 2018 - 05:24:18 PDT
Carl Weinberg, Chief Economist and Managing Director at High Frequency Economics, says we are only about a year away from Chinese oil imports "dwarfing" those of the US, and along with that imbalance will come Chinese demands that the Saudis abandon US-dollar oil trade.
Oct 22, 2018 - 05:11:38 PDT
"Inflation is a funny thing: we feel it virtually every day, but we’re told it doesn’t exist — the official inflation rate is around 2.5% over the past few years. Historically, 2.5% is about as low as inflation gets in a mass-consumption economy like the U.S. that depends on the constant expansion of credit."
"At the end of the day, those with the power to set and enforce EU fiscal and monetary rules know full well that the eurozone could not survive a Greek-style crisis in Italy. It is their responsibility in the months ahead to make sure it doesn’t come to that."
Italy Admits Its Budget Comes Up Short, but Knows There's Little the EU Can Do About ItOct 22, 2018 - 04:57:48 PDT
Implicit in Italy's response to its EU brethren is an understanding that ultimately it's the eurozone's stronger economic nations, not Italy, that will be forced to pay its bills. "Italy acknowledged Europe's concerns about the budget, but refused to change the proposed plan."
Join Mike Maloney as he analyzes the recent stunning news from the Hungarian Central Bank - an absolutely massive shift in their gold reserves.
With the recent drop in the stock market, US investors have suddenly remembered gold to diversify their bleeding portfolios with. Here's why it matters...
Are gold & silver poised for their next bull runs, or can we at least call a bottom? Here's Matt from Silver Fortune with some insight...
Craig Hemke & David Brady Break Down All The Latest Market, Gold & Yuan-Gold Peg ActionOctober 20, 2018
With the yuan-gold peg breaking or possibly resetting, now is the perfect time for Craig and David to get together and discuss the peg...
Hmmm: 11 Tons Of Gold Missing From Australia (Plus England Denies Australia Access To Its Gold)October 20, 2018
John Adams investigates what happened to 11.1 tons of leased-out gold, as well as a new scandal with England denying Australia access to its gold...