Precious metals are apparently waking up. And here is where you can find the best deals.
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JPMorgan analysts see Trump continuing to ratchet up the trade war economic damage, potentially crippling both the US and Chinese economies in the process.
Robert Shiller's writing on financial matters is about as reserved, mild, and understated as it gets. But even he can't square current stock market valuations with anything other than willful ignorance and Pollyanna optimism.
"...so They're Finding a New Way." It's telling when a mainstream news source such as Newsweek starts covering world powers turning their backs on the USD. No longer the exclusive domain of "alternative" financial news sources, the dollar's fall from global dominance becomes more real to more people with every passing day.
The longer gold sloshes between $1190 and $1220, the more likely gold is to make a trip lower. Here are the details on just how low gold can go...
Is this it? Is this the top of the real estate bubble? Mike Maloney thinks so, and the signs are everywhere. In the Australian real estate market alone, $1.7 trillion in interest-only subprime loans have allowed a nation of borrowers to “buy” houses well beyond their means. Over the next 4 years, $500B-worth of these ticking time bombs come due, and are set to trigger a wave of defaults.
The DX recovered to 94.23, and then remained fairly steady between 94.17–94.22. Gold slid back to $1,198.50 in response and was $1,199 bid at 4PM – unchanged.
The Dow Jones pushed into record-high territory again late last week. As Peter Schiff pointed out in his latest podcast, Pres. Trump was out there pointing out the record run on Wall Street and claiming responsibility for this bull market. Just turn on Fox News and hardly a segment will go by that somebody isn't reminding you about how great the economy is. Peter said it reminds him how people were talking up George W. Bush before the Great Recession.
Some people out there in the mainstream are saying now is the time to buy gold.In recent months, the mainstream investment world has by and large either ignored the yellow metal or outright spurned it. After all, stocks are soaring. The economy is doing "great." There's nothing to worry about — at least that's the mantra. But we're starting to see a little bullishness for gold out there in the mainstream.
Barrick Gold is preparing to merge with Randgold Resources to create the worlds biggest gold miner. Here are the details...
Stock Market Bubble, Toil and Trouble...Four Hair-Raising Charts for Stock Market BullsSep 24, 2018 - 11:32:48 PDT
Just because nobody knows when the stock market madness will end doesn't mean you should trade in your fact-based investment approach and join the insanity. As tempting as that might be. Here are four charts to help scare your senses back into you.
How 33 Free-Market Banks Became 4 Too-Big-to-Fail Catastrophes-in-WaitingSep 24, 2018 - 11:02:39 PDT
There was a time, in the not-too-distant past, that a bank that underperformed or engaged in repeated, systemic fraud was dealt with my the unerring hand of the free market. It went out of business. Now? Four misshapen behemoths that must be allowed to exist no matter how incompetent or illegal their operations. Because "too big to fail."
Chris Vermeulen: Hold On Tight Because Gold And The Gold Miners Are About To EXPLODE HigherSeptember 24, 2018
Chris says he thinks the immediate bottom has formed, and the move higher will consist of two unique up-legs. Here are the details...
Sep 24, 2018 - 07:36:12 PDT
As the yuan continues to move in a seeming direct peg to the gold price, speculation is rampant that China is adding to its substantial hoard of physical gold.
Central banks have become big players and now control 10% of the total market demand for gold. Steve explains why this is such a big deal...
Global US-dollar dominance may be coming to an end, but you'd never know it in the West, where demand or physical gold remains stagnant. Not so in the East, where Swiss refineries are seeing bustling business converting gold into kilo bars required by Asian buyers.
Fed's Fall Festival: Will Gold & Silver Investors And Traders "Sell The Rumor And Buy The News"?September 24, 2018
SD Outlook: Rate "hike" week has finally come, after nearly two months of waiting. Will investors "sell the rumor and buy the news"? Here's some insight...
The New American Retirement Plan of Necessity: Live in an RV, Become a Migrant WorkerSep 24, 2018 - 05:49:18 PDT
"Not homeless, but “houseless." Living in secondhand RVs, trailers and vans and driving from one location to another to pick up seasonal low-wage jobs with little or no benefits. Many saw their savings wiped out during the Great Recession or were foreclosure victims. Few have chosen this life. Few think they can find a way out of it."
The Nightmare Scenario: 6% Mortgages, 4% 10-Year, and the Fed Just Keeps HikingSep 24, 2018 - 05:43:02 PDT
"Nightmare scenario for the markets? They just shrugged. But homebuyers haven’t done the math yet, applied to home prices that have been inflated by 10 years of interest rate repression."
Goldman: Here Comes the Detanator; Massive Debt Maturity Meets Rising Interest RatesSep 24, 2018 - 05:26:46 PDT
"Currently there are $2tn of non-financial bonds rated BBB, the lowest rating across the investment grade scale. The amount has increased to 58% of the non-financial IG market over the last several years and is currently at its highest level in the last 10 years."
"Bullion could average $1,350 an ounce in 2019 as corporate tax reforms worsen the U.S. fiscal balance, Francisco Blanch, head of global commodities and derivatives research, said last week. Spot gold traded at $1,198.82 on Monday."