Precious metals are apparently waking up. And here is where you can find the best deals.
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Just last week we noted that with housing inventory increasingly notably or the first time in years, and with mortgage rates as unattractive as they've been in years, the ingredients for a real estate market top were in and it was only a matter of time before sellers slashed prices in a rush for the exits. We didn't have to wait long.
A decade after the 2008 catastrophe, problems remain, and another crisis is inevitable, says Craig Hemke of TFMetalsReport...
Maybe Relentless Criminality Isn't the Best Policy: Wells Fargo to Fire 26,500Sep 21, 2018 - 05:58:14 PDT
CEO Tim Sloan, who to a cartoonish, nearly impossible degree has made an executive career of being thoughtless and opaque in service of defrauding Wells Fargo customers, says Wells will "as always, be thoughtful and transparent" as it fires people.
In the world of politics, time is everything. And while Xi is elected for life, Trump has just over 2 years before standing for reelection. Xi's political career can easily withstand a slowly escalating, grinding trade-war stalemate that hurts both sides. Can Trump's?
10 Years After a Crisis Caused by too Much Debt, a Nation Drowning in Far More DebtSep 21, 2018 - 05:33:37 PDT
Barron's Jack Hough says "There is no clear milestone to mark the moment a country loses control of its finances.”
If spending a trillion more dollars a year than you take in isn't a clear milestone of a country addicted to debt, unmoored from reality, and completely out of control of its finances, what is?
In a puzzling move during a period of supposed Fed balance sheet reduction, this continues "a move to help the housing market begun in October 2011, whereby the U.S. central bank has been using funds from principal payments on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS."
Sep 21, 2018 - 05:14:40 PDT
Even after all this time, scientists are still discovering new and novel qualities in both gold and silver. Just 30 nanometers of gold was enough for to spur a breakthrough in renewable energy conversion efficiency.
The central banks' reaction will be near instantaneous, and the reaction will cause investors to flood into physical gold this time. Here's why...
Russia has added a nice amount of gold to its coffers in August. Here are the details...
The DX slid back to 93.85, but held above its prior low. Gold ticked up to $1,207.75, but was again thwarted by resistance at $1,207-09. It was $1,207 bid at 4PM with a gain of $4.
Marc Faber: You MUST Have Your Seat In The Lifeboat BEFORE The Titanic Hits The IcebergSeptember 20, 2018
Marc discusses the coming financial crisis and how gold is a lifeboat, but it must be gold in-hand, in one's own possession. Marc explains why...
If you look at past financial and economic crises, what is the common denominator?Debt.That's why we talk so much about debt on these pages.
Yields have been on the rise this week in the midst of a bond market sell-off.Two-year borrowing costs hit their highest level in a decade Wednesday. The yield on the 2-year Treasury climbed to 2.816%. Meanwhile, the 10-year Treasury yield hit a four-month high of 3.07%.What's going on here?
Blackrock CEO: Tariffs Mean Short-Sighted Gain in Exchange for Long-Term DamageSep 20, 2018 - 09:03:54 PDT
The head of the single largest money manager in the world, with $6.3 trillion under management, Larry Fink says the degradation of the US's multilateral leadership on the world stage will have lasting and profound negative consequences.
Good news: It looks like the technical requirements for the recent low at $1192.70 have been met. Here's what it means for gold going forward...
Real Investment Advice's Lance Roberts takes a look at the stark future realities facing American retirees...and this after an unprecedented stock market surge resulting in an unsustainable risk-asset bubble.
Walmart Tells Trump Their Customers Will Be the Ones to Pay the Price for TariffsSep 20, 2018 - 08:23:03 PDT
Christmas lights, shampoo, dog food, luggage, mattresses, handbags, backpacks, vacuum cleaners, bicycles, cooking grills, cable cords, air conditioners...it's pretty simple, according to Walmart. If they sell it, and Trump tariffs it, US consumers will pay more for it.
What will people without a college education do for work when they can't afford a college education and all the jobs that don't require a college education no longer exist?
Why Nothing Is Being Done About the Public-Pension-Underfunding QuagmireSep 20, 2018 - 07:18:09 PDT
The structurally broken-beyond-repair public pension system is a perfect microcosm of the greater US fiat-currency and debt-spending problems now spiraling out of control. Why does everyone just ignore them? Simple politics. “Any real solutions make too many enemies."
Jerome Powell Meeting With Lawyers to Protect Fed From Trump's InterferenceSep 20, 2018 - 07:06:59 PDT
Of all the administration appointees that Trump has come to regret, it may be Powell that he comes to regret the most as the Fed continues to signal there is no end in sight to coming rate hikes that promise to choke out the tax-cut, ZIRP-loan, sugar-rush, non-recovery recovery.