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John says there are two possible explanations for what is going on in the paper gold & silver markets. Here are the details...
Gordon Brown says the obvious outcome of failing to address any of the root causes of the last financial crisis is a near-guarantee it will repeat. “The penalties for wrong-doing have not been increased sufficiently. The fear that bankers will be imprisoned for bad behavior is not there."
JPMorgan's Jamie Dimon Briefly Loses His Mind, Says What He Actually ThinksSep 13, 2018 - 05:32:36 PDT
Where did this sudden bout of candor come from? "Jamie Dimon just said what lots and lots of CEOs think about Donald Trump: I think I could beat Trump... because I'm as tough as he is, I'm smarter than he is. And by the way, this wealthy New Yorker actually earned his money. It wasn't a gift from daddy."
Mortgage Broke-er: Industry Layoffs as Mortgage Refinancings Hit 18-Year LowSep 13, 2018 - 05:24:11 PDT
Who in the world would refinance now, with 30-year rates nearing 5%, after they had so long to do so more cheaply? Only the most last-ditch desperate who need to cash out any equity they have to keep thei heads above water, despite locking themselves into the worst rates in six years.
Fed’s Brainard: We'll Invert the Yield Curve With Rate Hikes, and That's FineSep 13, 2018 - 05:11:24 PDT
There has been no better historical predictor of recession than an inverted yield curve. The Fed's Lael Brainard insists that even though an inverted yield curve has always predicted a recession every time it has occurred for the past 60 years, "This time it's different."
Lynette says the global reset will happen when the globalists are ready for it, or if this happens first. Here are the details...
TOM CLOUD PRECIOUS METALS UPDATE: Rising Silver Premiums On Official Coins & The Platinum MarketSeptember 13, 2018
During Tom Cloud's newest precious metals update, he discussed the rising silver premiums on official silver coins as well as the oversold platinum market. Not only have premiums increased on the Silver Eagle coins ever since the U.S. Mint suspended sales to the Authorized Dealers, but they have also increased on other official silver coins....
For the last 10 years, central banks have been on a gold-buying spree. At least some of them have.On net, central banks globally added 193.3 tons of gold during the first half of 2018, according to World Gold Council data. That represents an 8% increase over 2017. The last time we saw this kind of central bank buying was in the 1950s, but as a report published by Forbes points out, the motivations are much different now than they were then.
The silver-gold ratio has hit levels not seen in more than 25 years.The ratio pushed above 85 this week. To find a higher silver-gold ratio, you have to go all the way back to 1991. As Peter Schiff has said, "This is silver on sale."
Gold broke through resistance at $1,198-99 and $1,200 to reach $1,204 – where resistance at the triple top (9/3, 9/4, and 9/7 highs) there held.
The global economic system is premised on growth, not just any growth, but growth where it matters (economically). However, population gr...
Stewart Thomson: Gold Investors Should Have Record-Size Smiles After This Generational Low For GoldSeptember 12, 2018
Stewart says it looks like gold is forming a double bottom at $1170, and from there gold is set to rally to substantially higher prices. Here's why...
At no stage in his speech did the New York Fed boss raise the possibility that the main source of asset bubbles could be the US central bank itself.
In this all-new Insider's Report, Mike breaks down the extraordinary situation in silver today.
Dalio: It’ll be a slower growing, more constricting sort of debt crisis that I think will have bigger social implications & bigger international implications.’
In a recession, the Fed typically slashes interest rates 5 PP. No such buffer exists. A Fed study looks at the impact.
“We’ll probably end with the dollar lower at year-end than it is right now.”
ATMs, which had their 50th birthday last year, are disappearing, signaling the decline of the “cash run.”
Mortgage application volume fell 1.8 percent last week, according to the Mortgage Bankers Association.
Wholesale inflation in the form of producer prices unexpectedly fell in August, its first drop in 18 months since last February.