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David says September 5th will be the date we find out if gold has bottomed, or if we still have more downside to go. Here's why Sep 5th is gold's […]
Keith says fighting for the gold standard is not about prepping for a return to the dark ages. Instead, Keith says he's fighting for a gold standard for this...
The death of U.S. Energy Independence will occur when the collapse of shale oil production begins. And when U.S. shale oil production finally peaks and declines, it could fall much more rapidly than we realize. The rate at which U.S. shale oil production declines in the future is based on two key factors, remaining reserves,...
Rob Kirby: The US Dollar WILL Hyperinflate (And The Currency Has Already Been Printed)September 2, 2018
Rob says stupid amounts of money are being spent to buy as much physical gold & silver as possible to prepare for the coming hyperinflation. Here's more...
SD Friday Wrap: It's been an ugly day for gold & silver, an ugly week, and an ugly month. Yak Woman at the state fair just got some competition...
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
How do you turn a mundane $20 bathroom appliance into a luxury item that will set you back $500?Put some gold on it.That's exactly what Dyson has done. No joke. The iconic (meaning overpriced) vacuum cleaner company has developed a hairdryer gilded with 23.75-karat gold leaf.
Russian Lawmaker Calls for Creation of Gold-Backed Cryptocurrency to Circumvent SanctionsAugust 31, 2018
A Russian lawmaker has suggested his country should develop a gold-backed cryptocurrency for payment of arms exports and other goods as a way to circumvent Western sanctions and limit his country's dependence on the dollar-based global banking system.Vladimir Gutenev serves as first deputy head of the economic policy committee at the State Duma - the Russian Parliament’s lower chamber. He suggested Russia should develop a gold-backed cryptocurrency as he called for a suspension of treaties with the US, including the non-proliferation of missile technologies agreement.
Near the close, news from the Trump Administration that the US-Canada trade talks would resume again next Wednesday pared losses in stocks (S&P finished off 13 to 2901), and the US 10-year yield rebounded to 2.868%. The DX pulled back to 95.07, and gold recovered to $1200. It was $1200 bid at 4PM – unchanged.
Hey, those expensive marketing campaigns the big banks all run telling you how much you should trust them don't pay for themselves, you know.
It Will All Be so Painfully Obvious in Retrospect: The Insane Excesses of The Everything BubbleAug 31, 2018 - 11:10:48 PDT
The Fed can't rig the market forever. Anyone who says risk asset market levels are at all sustainable, or in anything other than the most extreme bubbles of all time, is either naive, delusional, or lying to you so you'll buy fee-based risk-asset investments from them. Big-bank financial advisors are often guilty of all three.
The Bank That Would Not Learn: Wells Fargo Ramping up Subprime-Mortgage-Backed SecuritiesAug 31, 2018 - 10:44:52 PDT
It's been less than a month since Wells Fargo was ordered to pay a $2B fine for the systemic fraud it committed via subprime mortgage securities in the 2008 crisis. So what business is it telling its underwriters to get super-aggressive with right now? Subprime mortgage securities.
"...Today we’re at 1210. So we have a decent rally going on here. So, no, I think that the CoT setup is..."
Demand for gold in India is on the rise, despite increasing domestic prices, after hitting a 7-month low on August 17.
Harvey Organ: As We End August ZERO GOLD Enters The COMEX For The Second Straight MonthAugust 31, 2018
It's not just that no gold is entering the COMEX either. Harvey has noticed something else going on with the supposed gold at the COMEX...
UMich Current Economic Conditions Worst Since 2016 Presidential ElectionAug 31, 2018 - 07:15:36 PDT
When a gauge that provides an accurate portrait of the reality of the average American citizen exposes the lie of official government statistics: "Consumers’ views of buying conditions have fallen to multi-year lows... These results stand in sharp contrast to the recent very favorable report on growth in the national economy."
While Italian politics devolves into nonsensical screeching about how the economic grave it has dug for itself is somehow someone else's fault, the Target 2 balance chart paints a stark picture for Germany. Europe = a few other countries that can muddle along near breakeven, several that can't, and three out-and-out disasters. Only Germany can bail them all out.
"To the thinking person, there are few things more disconcerting than a tweet by the U.S. president." Today's reminder that both sides of the trade war remain more entrenched than ever amidst heightened rhetoric and an additional $200B in looming Trump tariffs set take effect on September 6.
"...we might have expected the rally to be steeper and livelier. Instead, it has died just shy of..."
957 Gold and Silver Items Found Beneath Burned Remains of 14th-Century Bulgarian HouseAug 31, 2018 - 06:06:34 PDT
The treasure is believed to have been buried at the Kaliakra fortress during end-of-empire attacks against the capital of the Dobrudzha Despotate, and includes coins, buckles, buttons, earrings, and rings.