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The Federal Reserve's Rising Interest Rates Are A Ticking Time-bomb For U.S. EconomyOctober 6, 2018
One of the worst things for an over-heated and extremely leveraged economy is rising interest rates. So, with the recent 2-2.25% interest rate, big trouble is on the horizon, Also, with higher interest rates, the U.S. Treasury will have to fork out even more money to service its debt. In just a little more than...
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.
People love to cover things with gold. It's pretty. But more than that, gold makes things more valuable.In past Fun on Friday columns, I've highlighted some of the stuff people have coated with gold including earbuds, Nikes, a hairdryer, chicken wings, and soap. Well, this week I've got another for you, but I'm going to confess up front - this one annoys me.The capitol dome in Denver Colorado was recently restored and covered with about 65 ounces of .9999 pure gold. Yup. They put gold on the roof of a government building.
Death-spiral — The downward, corkscrew-motion of a disabled aircraft which is unrecoverably headed for a crash.The US federal government may well be in a death spiral - or perhaps we should call it a debt-spiral.
Late in the afternoon, the DX drifted down to 95.60, and gold clawed back to $1,204. The yellow metal was $1,203 bid at 4PM with a gain of $4.
Oct 5, 2018 - 12:37:28 PDT
Running from October 17, 2018 - January 6, 2019, "'Devotion and Decadence: The Berthouville Treasure and Roman Luxury' brings together a spectacular cache of ancient silver, discovered in 1830 in northern France, together with a rich selection of additional Roman luxury objects."
Not April Fools' Day: Popeyes Served 24-Karat-Gold-Flaked Chicken Wings for 1 DayOct 5, 2018 - 12:13:02 PDT
It was Thursday, October 4, and was only available at four locations. Mercifully, a strong contender for the worst use of the best store of value in the world was over almost as soon as it began.
"In a new and innovative study, researchers have found that gold nanoparticles attached to anti-inflammatory agents can work to promote muscle regeneration."
“'I do believe gold has either reached a floor or is pretty close to one,' says Jeff Wright, executive vice president of mineral exploration company GoldMining Inc., noting that central-bank gold reserve purchases were the strongest in three years."
"Ever since the post-war Bretton Woods arrangements institutionalized the dollar as the world's main reserve currency, it remains dominant: 60 percent of countries use the greenback as their anchor currency, despite the fact that America’s share of world GDP currently sits at 18 percent, down from 30 percent at the end of World War II."
Investing in gold & silver has become ridiculously cheap, and on top of a too good to be true price to value, there is a saving grace. Here are the […]
BBB-Rated: The Bond Fund De-Facto-Margin-Call Crash Trigger Hiding in Plain SightOct 5, 2018 - 06:55:18 PDT
Against the backdrop of a stock market priced for perfection, there is a massive landmine dead ahead for the corporate debt market. And anything less than a no-economic-downtown, no-recession-ever-again future will cause it to detonate.
Whack-A-Mole: Gold & Silver Pop, Drop, Pop, Drop, Pop, And Drop Again After Sep 2018 Jobs ReportOctober 5, 2018
Looks like a game of whack-a-mole so far. Here's an update on the BLS Jobs Report, gold, silver, the dollar, and something crazy with the VIX...
The Most Rigged Statistic: "Unemployment" Rate Falls to 3.7%, a 49-Year LowOct 5, 2018 - 06:21:47 PDT
The quintessential meaningless 'headline number.' The government's official US unemployment rate is likely the only place an able-bodied adult who wants to work, has looked for a job but couldn't find one, and gave up looking after 6 months is not counted as "unemployed." Just 7.7M are counted as unemployed, while a staggering 94M (and rising) are "out of the labor force."
Occam's razor, which states that the simplest explanation is usually the right one, wins again. While real wage growth remains stubbornly stagnant, household income has ticked up because people are simply working more hours than they did before.
As Yields Soar, "Bond-Market Bloodbath" Will Hit Mortgage Rates at Worst Possible TimeOct 5, 2018 - 06:00:49 PDT
As alarm bells sound worldwide in a global real estate market suddenly besieged with ramping inventory, falling prices, and declining demand, mortgage rates that are already the least attractive in 7 years are set to surge higher.
Oct 5, 2018 - 05:47:49 PDT
Italy's populist coalition ran, and won, on a platform of unapologetic irresponsibility and fiscal recklessness. Now elected, expect them to govern in accordance with this perceived mandate.
The Last Time Interest Rates Spike Like This Was Feburary, and Stocks Fell 12%Oct 5, 2018 - 05:34:57 PDT
Debt of all kinds, over all lending periods, is getting more expensive. Fast. What will the magic interest rate number be that breaks a super-leveraged economy's back?
To start of your weekend right, Incrementum's rigorous, fact-based case for why you should be bullish on gold, right now, at a time when even the most stalwart gold bulls are feeling the fatigue of medium-term price stagnation.
"Gold prices may already have hit bottom for the year after declining for the past six months in a row—the longest streak of losses in nearly three decades. Central bank buying and Randgold-Barrick merger suggest the low in the precious metal’s price is at hand."