Precious metals are apparently waking up. And here is where you can find the best deals.
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The elections are barely a month out, and depending on the outcome, these elections could mean different things for gold & silver. Here's some insight...
The US 10-year yield ticked down to 3.052%, and the DX edged down to 95.44. Gold clawed back to $1,203 bid at 4PM with a gain of $14.
If the political uncertainties in South Africa continue, Rule suspects gold production there will fall precipitately over the next five years. Here's more...
You can add Poland to the list of countries buying gold.The Polish central bank added about seven tons of gold to its reserves in July and another two tons in August, according to International Monetary fund data. It was the largest gold purchase by Poland since 1998.
We've been saying gold and silver are on sale. Well, it appears investors are taking advantage of the bargain.The sale of American Gold Eagle coins surged in September, according to the latest data from the US Mint. Investors snapped up 60,500 ounces of Gold Eagle bullion coins in various denominations. That compares with just 35,500 ounces in August — a 41% increase.
Gary reveals how central banks play in the markets. He believes the central banks may reduce their stock & bond holdings and increase their gold holdings...
Oct 2, 2018 - 12:45:57 PDT
A visceral example of why it is now totally impossible to save for retirement in the US. When interest rates are kept artificially low, aiding and abetting bubbles in risk markets, inflation destroys purchasing power at a staggering rate. For 9M US seniors, that has meant watching their nest eggs eroded to the point of food insecurity.
Oct 2, 2018 - 12:29:43 PDT
If you keep forcing a stimulus into any system, including an economy, it will continue to respond...but with ever decreasing results. The sugar rush non-recovery will beget the sugar crash of the ages.
FY 2018 Federal Debt Up $1.27T; US Borrowed $8,172 Per Working American in 1 YearOct 2, 2018 - 08:52:19 PDT
"According to the BLS, there were 155,542,000 people with jobs in the United States in August. That means that the $21,516,058,183,180.23 in federal debt at the end of fiscal 2018 equaled approximately $138,330 for every person in this country who works."
Michael says the gold COT is the most bullish in decades, and there may be a very specific reason why we haven't seen the rally yet. Here are the details...
SLAP ON THE WRIST: Scotiabank Pays $800,000 To Settle CFTC Gold & Silver Spoofing ChargesOctober 2, 2018
Scotiabank gets a slap on the wrist from the CFTC. What does it mean for the gold & silver markets? Here is some insight...
Oct 2, 2018 - 06:02:25 PDT
"As government revenues fall, deficits compound and debt levels leap, corporate executives have been directing the corporate cash freed up from recent tax breaks to pump up their company share prices with buybacks, while dumping their own personal holdings into the strength created. ‘So long suckers’, indeed."
"Get ready, gold bulls: The precious metal could be close to finding a bottom. The price of gold fell below $1,200 an ounce last week as the dollar advanced following another federal funds rate hike. The precious metal logged its sixth straight month of declines, its longest losing streak since 1989."
101 Years Ago, Hidden From the Nazis, the Greatest Shipwreck Gold-Salvage Operation EverOct 2, 2018 - 05:54:46 PDT
After the British HMS Laurentic was blown up by German mines in 1917, a daring, 7-year gold recovery mission began. Lieutenant Commander Guybon Damant and his crew would go on to recover 99% of the sunken gold, worth well over $1 billion today.
Bank of Nova Scotia Charged by CFTC With Illegal Manipulation of Gold, Silver MarketsOct 2, 2018 - 05:36:44 PDT
"On certain dates during the period from at least June 2013 through June 2016, BNS, by and through traders on its precious metals trading desk, engaged in the disruptive trading practice of 'spoofing' (bidding or offering with the intent to cancel the bid or offer before execution) in gold and silver futures products."
Wall Street's Newest Frankenstein Scam: "Collateralized Fund Obligations"Oct 2, 2018 - 05:26:04 PDT
What do you get when you bolt together several proxies for the riskiest equity-based investments and then sell them as seemingly conservative bonds? The latest three-word nonsense vehicle that earns Wall St. huge fees while exposing investor capital to immense risk, the sort that saw these 'CFO's lose 75% of their value in the 2008 crisis.
Manhattan Total Real Estate Sales See 4th-Consecutive Double-Digit Quarterly DeclineOct 2, 2018 - 05:21:05 PDT
Markets that go on to completely unravel first do so at the extremes. "The average sales price in Manhattan's luxury market — the top 10 percent by sales price — dropped 12% in the quarter and inventory soared by 27%. Sales of new development fell by 22%."
US Silver Eagle Sales Soar to 2.9M in September, a 22-Month Non-January HighOct 2, 2018 - 05:04:21 PDT
Excluding January, when Silver Eagle sales are always elevated due to the debut of the new year's design, the US Mint hasn't seen this level of demand for the coin since November 2016.
Italian Economic Leader "Convinced" New Italian Fiat Currency Will Fix EverythingOct 2, 2018 - 04:56:57 PDT
Claudio Borghi, economic head of the ruling League party, thinks a brand new Italian fiat currency is the solution to the country's economic woes. Because, in tried and true politician fashion, when you're dead broke and have no outs, it's magical thinking to the rescue.
Oct 2, 2018 - 03:53:20 PDT
"There is virtually nothing to offset the avalanche of sell orders and plunging stock prices once the panic begins. Time is running out to garner an active strategy that hedges your investments and seeks to protect your wealth from the coming deflationary wipeout."