Precious metals are apparently waking up. And here is where you can find the best deals.
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The DX ticked up to 95.56, and gold clawed up to $1193.90. Gold was $1193 bid at 4PM with a gain of $4.
Oct 10, 2018 - 11:06:16 PDT
Interest rates, sovereign holdings, liquidity crunch...
"The cure for the last crisis always turns into the cause of the next one. The economies of southern Europe – Greece, Italy, Spain and Portugal – nearly collapsed in 2011, and Europe’s monetary authorities responded with negative interest rates..."
BOMBSHELL: Not only is something very strange going on with the FBI and gold, but it looks like the MSM is covering it up too. Here are the details...
Oct 10, 2018 - 06:35:11 PDT
"Italian banks have themselves to blame for keeping so many of their government’s bonds on their balance sheets. But there’s plenty for which they have little responsibility, from the risk of recession to bust-ups with Brussels. Their hope – maybe a forlorn one – is that politicians see sense before it’s too late."
THE BOLDEST, MOST BRAZEN Lie Yet About The Economy Is A Direct Attack On Gold & SIlverOctober 10, 2018
SD Midweek: If things weren't bad enough, now we have the boldest, most brazen lie which seems like a direct attack on gold & silver. Here are the details...
Mnuchin: China Must Vow Not to Devalue Currency as Part of Any Trade DealOct 10, 2018 - 06:19:13 PDT
Steve Mnuchin took another big step backward from the trade war negotiating table by publicly demanding China promise not to devalue its currency as part of any new accord. China quickly responded: "U.S. concern about the yuan's sagging exchange rate is groundless and irresponsible."
"Recently precious metal prices have weakened again. Prices to set a bottom above previous bottoms and to recover again. We think that the Chinese yuan has bottomed and the US dollar and 10y US Treasury yield have peaked."
Bremmer: We Are in a "Geopolitical Recession" and US-Led World Order Is EndingOct 10, 2018 - 06:08:32 PDT
Eurasia Group head says "geopolitical order is no longer as aligned with the United States and its allies.”
Blythe Masters: Precious Metals Markets Will Soon Trade Via the BlockchainOct 10, 2018 - 06:04:14 PDT
"The virtual ledger technology underlying cryptocurrencies such as Bitcoin promises greater confidentiality, fewer paper exchanges, better provenance and a boost in productivity."
"The IMF found that a severe recession would cut the value of America's publicly held assets by an amount equal to 26 percent of GDP by 2020. At current levels, that would amount to about $5 trillion."
Oct 10, 2018 - 05:46:34 PDT
Courtesy of The Economist, a mesmerizing and interactive look into the coming-up-on-$60T global sovereign debt load. See that country in the upper right? Yes, the US is responsible for more than one-third (and climbing, fast) of that gargantuan number.
The past two crises were both fueled by ridiculous excesses in both risk appetite and debt issuance. This time, with the stock market at an all-time high overvaluation and corporate debt levels at all-time highs, the unwanted aftereffects of the Fed's insane decade of ZIRP are starting to set in. This hangover (like the movie) will be the worst of all three.
Powell: Fed Can Indefinitely Sustain Goldilocks Economy Because Americans Believe It CanOct 10, 2018 - 05:08:49 PDT
About what you might expect from a country whose entire currency system is backed by nothing but government's "full faith and credit." Fed chair Powell argues that the Fed's power is largely derived from the public's perception of the Fed's power. In his thinking, the fact that this perception is wrong seems not to matter.
Stocks, Bonds Uncouple; Fall in Tandem in Most Dramatic Fashion in 20 YearsOct 10, 2018 - 05:03:02 PDT
It's practically written in market-trading stone: When stocks fall, bonds rise, as investors seek relative safety in debt investment. This relationship has diverged only 3 times in the past 20 years, and each time it has foretold a sharp stock market decline.
What impacts are a strong US labor market and a weak Chinese stock market having on gold? Here is some insight...
Stewart Thomson: A Tidal Wave Of Positive Forces Are Converging On The Gold Market Right NowOctober 9, 2018
Many positive forces are converging on the gold market at the same time, which should see gold easily move higher into the end of the year. Here's more...
The Battle Between The Bearish Fundamentals And The Bullish Sentiment In The Gold MarketOctober 9, 2018
While the fundamental backdrop is always shifting, here's the bearish fundamentals case for gold, as well as what could make the fundamentals change...
Peter Schiff recently appeared on RT Boom Bust, along with Investor's Advantage Corporation founder John Grace, to talk about the recent jobs report. Peter summed things up with a dire warning. Stagflation is coming and it's going to be worse than 2008.