Precious metals are apparently waking up. And here is where you can find the best deals.
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Another voice suggesting it's foolish to view the US as the only game in town when it comes to international trade, and that ongoing tariff antagonizing may simply drive China to work more diligently with all their other trade partners, increasingly cutting the US out altogether.
Having been elected on a platform that partly consisted of a politically saleable version of "Even though we as a nation were reckless and incurred all this debt, let's make Germany to pay for it!", Italy's populist leaders understand it's in their power to force a choice: make someone else pay for their overspending or make them break the EU.
The Fed Prices Gold On Its Books At $42/Ounce: Here's The Case For Revaluing Gold To $5,000September 27, 2018
The reasons for holding gold are strong, as is the case for a revaluation to $5000 per ounce. Here are the details...
The U.S. Solar PV Industry will never be able to grow large enough to power the transportation industry. Why? Because the amount of energy needed is well beyond the forecasted growth of U.S. solar power generation. And, it's even worse than that. Industry analysts are making their forecasts based on rising fossil fuel production... the...
As expected, the Federal Reserve nudged interest rates up another 25 basis points Wednesday. The federal funds rate now stands at 2.25%.The Fed offered up a rosy outlook for the US economy, projecting growth will continue for the next three years. The central bank also dropped the phrase, "the stance of monetary policy remains accommodative" from its statement. As an analyst told Reuters, “It does seem to potentially indicate they believe monetary policy is becoming less accommodative and getting more toward that neutral rate.”
The Indonesian stock market has plunged nearly 7% this year. The country's currency, the rupiah, has fallen 9%, and is at its weakest level since the 1998 Asian financial crisis. Bond yield have soared. To weather the storm, Indonesians are buying gold.
The DX kept climbing higher to reach 94.99. Gold was caught in the crosscurrents, but support at $1,183-84 proved resilient. Gold was $1,184 bid at 4PM with a loss of $11.
264 metric tons of gold have been purchased by various central banks so far this year already.
Video Interview — Mike Maloney on the Biggest Threat to Humanity: GovernmentSep 27, 2018 - 12:27:10 PDT
Join Mike Maloney for the second half of his interview with Jeff Berwick of Anarchast. Mike pulls no punches: “Most of mankind’s strife comes from government — government slows down an economy, overregulates it, and taxes productive individuals and companies and then transfers that wealth to someone else.”
"President Donald’s Trump’s isolationist foreign policy is a 'catalyst for long-term de-dollarization' among countries from Europe and Asia to the Middle East that have long lamented the hegemony of the U.S. currency."
"I would just say, it’s no secret, it’s been true for a long time, that with our uniquely expensive healthcare delivery system and the aging of our population, we’ve been on an unsustainable fiscal path for a long time. It’s a good time to be addressing these things. So I put that out there and leave it at that.”
Powerful forces in 2018 should have driven gold & silver to new highs, but the metals have gone down, so it's time for a lesson in logic from Michael...
What you'll see is that with each monetary change in the US, the value of our currency has gradually been destroyed. We started with 100% gold-backed currency. But via the whims and machinations of politicians, we gradually ended up with 0% gold-backing. A currency that can be diluted at will. A currency that is ultimately worthless.
The trade deficit, neither "good" nor "bad", is a simple economic reality. "The U.S. trade deficit is just the mirror image of what is happening in the U.S. domestic economy. If expenditures in the U.S. exceed the incomes produced, which they do, the excess expenditures will be met by an excess of imports over exports (read: a trade deficit)."
Day in, day out, fresh data suggesting the housing market is at its inflection point. Today, a signal that buyers are suddenly more reticent to buy into the bubble than at any point in the past 4 years. This is the fourth consecutive month of pending-sales declines.
Exactly the Opposite of Trump Tariff Goal: US Goods Trade Deficit Surges Near Record HighSep 27, 2018 - 07:08:24 PDT
"In the few months since President Trump unleashed his trade war, predicated on managing back America's massive merchandise trade deficit, things have gone very wrong, judging by the numbers. August's goods trade balance plunged to $75.8 billion - just shy of July 2008's record high deficit of $76.025 billion."
Sit alongside Mike as he engages in his trademark due diligence, exploring the far-reaching influence of the Warburg family in the Federal Reserve, the Roosevelt administration, and offshore banking, including “The London Banker Who Broke the World,” Sigmund Warburg.
Harvey was expecting the raid on gold & silver yesterday, and he says we could get another raid today. Here's why...
Sep 27, 2018 - 05:58:32 PDT
"Florida lawmakers are using an accounting tweak to defer payments on $20 billion in pension debt, a maneuver that not only hides the true cost of government from voters but passes this expense on to future taxpayers.”
GE, the Largest American Company in 2004, Now Worth Less Then 10% of AppleSep 27, 2018 - 05:46:40 PDT
With a market cap now under $100B, the once-ubiquitous flagship of American corporate dominance has fallen to 59th on the list of the largest American public companies by market cap, and is now smaller than such names as Salesforce and Nvidia.