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Silver Eagle Sales Surge In September As U.S. Mint Resumes Supply - SRSrocco ReportSep 20, 2018 - 06:54:54 PDT
With 10 days still left in the month, September is already the bestselling Silver Eagle month of the year aside from January, which always sees one-time high demand due to the release of the new year's mintage.
Sep 20, 2018 - 06:39:09 PDT
"For an entire generation of investors takes it is odd but understandable, if you are paid a flat salary as a portfolio manager at a highly political investment institution, you are incentivized to adopt the largest and cheapest institutionally accepted practices regardless of any greater reality"
Cannibalizing the value they've built up in their house via home equity lines of credit are one of the few alternatives left for those who have seen rapidly rising costs take them from 'able to make ends meet' to 'in the red every month.'
The Coming Stock Market Crash: The Indirect Effects Can Be A Boon For Gold & Silver OwnersSeptember 19, 2018
Will gold and silver automatically go up when the stock market crashes? What about the indirect effects of a market crash? Here's some insight...
Michael Pento: Unprecedented Inflation Will Make Gold & Silver Explode Higher In PriceSeptember 19, 2018
Michael says during the next financial crisis the Fed will unleash a tsunami of money printing which will cause gold & silver to explode. Here's why...
This extreme situation in silver cannot and will not last. The data show the silver market is exceedingly overstretched, which implies that an upside reversal could be sharp and swift. A day is coming when you and I will no longer be able to buy silver priced in the teens.
The trade war between the US and China escalated again this week. The US slapped an additional $200 billion in tariffs on Chinese goods. The tax starts at 10% and will increase to 25% by the end of the year. China retaliated by announcing another $60 billion in tariffs on US goods.As Peter Schiff noted in his most recent podcast, people still think the US will win this trade war.
Sept. 15 marked the 10-year anniversary of the Lehman Brothers bankruptcy.Many investors undoubtedly remember that day clearly. But as Jim Rickards pointed out in a recent article at the Daily Reckoning, that day was actually the culmination of a long meltdown. Investors should have seen it coming. In fact, they could have seen it coming had they been paying attention.So, are we in the midst of a similar slow-motion meltdown today?
The US 10-year yield ticked down to 3.075%. The DX inched up to 94.60, then stabilized around 94.55. Gold was $1,203 bid at 4PM with a gain of $4.
Double Whammy: As Foreign Buyers Flee, US Buyers Stock up on US Treasury DebtSep 19, 2018 - 10:42:25 PDT
Selling worthless paper to ourselves. "By the end of July, the US gross national debt had reached $21.31 trillion, up $1.47 trillion from July last year – a truly brain-wilting increase for a booming economy. American institutional and individual investors added $1.66 trillion to their holdings over those 12 months!"
"The Fed is now in the midst of a tightening cycle, ignoring structural deflation, focusing on cyclical inflation. Until this Fed hiking cycle ends we suspect absolute returns from financial assets will remain slim & volatile."
Too much debt always plays a starring role during financial crises. With all-time record levels of debt in any particular incarnation you'd choose to investigate, and rising rates following an extreme period of time when everyone could borrow to the hilt and pay nearly no interest, the predictable pendulum has us ready for another collapse.
"It should come as no surprise that the world's largest holder of physical gold would want some measure of control over its price. It's often stated that..."
Gold & Silver Capped For Now But The Cartel May Not Be Able To Keep Prices Capped Much LongerSeptember 19, 2018
SD Midweek: There is a strong case to be made that gold and silver won't stay at these low prices for much longer. Here are the details...
Sep 19, 2018 - 05:32:29 PDT
"Professor Feldstein described a bleak scenario akin to the depressions of the 1870s or the Thirties. He warned that a decade of super-low interest rates and monetary stimulus by the US Federal Reserve has pushed Wall Street equities to nosebleed levels that no longer bear any relation to historic fundamentals."
"U.S. President Donald Trump’s trade battles and the accumulation of global debt to pre-financial crisis levels are among factors that will drive a major reset of the world economy in the next two to three years, according to the head of the world’s biggest long-haul airline."
“The large U.S. fiscal boost this year, as well as the delayed positive impact of weak USD and low rates from last year created a ‘sugar high’ for U.S. assets this year.”
Cohn: If Democrats Win Back Congress, "Another Trillion in Debt, Here We Come"Sep 19, 2018 - 05:11:40 PDT
The former White House economic advisor knows that there is almost nothing Trump and a Democratic House would agree on, but they both embrace enormous debt spending. He sees a gigantic, debt-bomb infrastructure bill in the offing if the Republicans cede Congress.
In this post-peak gold environment, where do things stand with the plight of the gold miners and the volatility of mining jurisdictions? Here's where...
Stewart says that so far we have had a trade skirmish, but it's turning into a full-blown trade war, and it could ultimately morph into this...