Precious metals are apparently waking up. And here is where you can find the best deals.
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Steve St. Angelo: Gold & Silver Soared When The Stock Market Fell At The Start Of 2016August 30, 2018
Steve shares more evidence, from the stock market drop of 2016, to show why the next time the stock market crashes, gold & silver won't crash with it...
The DX slipped a bit further (94.54), pressured by a continued gain in the pound ($1.3028), and with the euro remaining firm over $1.17. Gold remained steady, trading in a narrow range of $1,205 - $1,206.50, and was $1,206 bid at 4PM with a gain of $5.
SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics.In this episode, I talk with Mises Institute president Jeff Deist about Austrian economics, the Fed, Trumpanomics. the biggest threats to our freedom, and of course, gold.
Indians are buying gold.Imports of the yellow metal into India jumped for the first time in seven months in July and the trend appears to be carrying forward into August, according to a report in the Times of India. Gold sales have surged 15% by volume over last year as Indians took advantage of soft prices and kicked off the wedding and festival season early.According to jeweler associations in India, demand could finish up as much as 20% in August compared with 2017.
Former Fed Insider: Only Precious Metals Will Not Fall As The Financial Markets Fall In TandemAugust 29, 2018
Danielle DiMartino Booth says there are many catalysts that could disrupt the markets, and the markets are in much worse shape than in 2008. Here's more...
Confusion Reigns Supreme For Gold & Silver Investors And Traders (And That's A Good Thing)August 29, 2018
SD Midweek: Mixed signals are being sent with regards to gold & silver. Let's break them down to see if we can get a clear picture to come into focus...
Argentinian Peso Hits All-Time Low as Its Latest Currency Crisis DeepensAug 29, 2018 - 06:12:44 PDT
Argentina, whose currency implodes so regularly it's difficult to keep track if this is a new bailout of simply a continuation of the last one, was recently able to sell 100-year-dated debt to world investors who are so numb to risk and so desperate for yield that they will invest in the century-from-now solvency of a country that completely melts down more than once every 10 years. Now, to should-be-nobody's surprise, Argentina is begging the IMF for more help, faster.
When you're tapped out on credit cards, need to make minimum monthly payments, can't make more money and still want to live beyond your means, it's time to start liquidating the equity in your house. The percentage of refi proceeds US homeowners are cashing out instead of reinvesting has soared from 20% in 2013 to 70% today.
#1 Reason Americans Aren't Saving More for Retirement: Their Income is Flat or FallingAug 29, 2018 - 05:59:51 PDT
When 40% of Americans report that they can't afford groceries or housing and real wages are declining, it often comes down to making choice between saving for a rainy day and having a roof over their heads to get out of the literal rain, today.
Trade War Begets Currency War Begets Shooting War? China's Navy Now Larger Than US NavyAug 29, 2018 - 05:47:31 PDT
"The new commander of the United States Indo-Pacific Command, Adm. Philip S. Davidson said 'China is now capable of controlling the South China Sea in all scenarios short of war with the United States. There is no guarantee that the United States would win a future conflict with China."
Italian Bond Yields Hit 4.5-Year High as Its Inevitable Blowup Draws CloserAug 29, 2018 - 05:23:41 PDT
Italy has a populist government dead set against taking any responsibility for its debt, and the eurozone will be forced to eat it unless it has the will to kick Italy out. Germany, the perpetual responsible big brother, will have to decide how many times it's willing to let its reckless counterparts repeat this unsustainable cycle.
Nomura Lists the Sixty (60!) Upcoming World Events That Could Derail Stock MarketsAug 29, 2018 - 05:14:20 PDT
This dizzying infographic paints a sobering picture of a world with more uncertainty and potential "gray swans" (events we all know *could* spell disaster for markets) than ever, and stock market valuations that have completely detached from reality. And this chart only addresses threats over the next 12 months!
"In today's fraught environment it can be well and truly said that the chartmonkeys have become deaf, dumb and blind to everything happening on Planet Earth external to the gaming tables where they slosh around in their cups."
Michael feels comfortable in calling the August 16 spike low in gold THE low in gold for the year. It's back up the truck time he says. Here are the […]
Chris Powell: Would Tocqueville Gold Fund's Hathaway Risk Too Much For Being Honest?August 28, 2018
Chris has been called-out for being too hard on Hathaway, and Chris' reply to the criticism is nothing short of totally awesome. Read it here...
The dollar firmed, bouncing back to 94.75. Gold sold off, falling through support at the prior $1,207 low, and $1,203 (yesterday’s low) to reach $1200 (psychological level, options strike, 20-day moving average), where support finally held. Long liquidation from weak longs was seen. Gold was $1,201 bid at 4PM with a loss of $9.
Charles Nenner Flips! GOLD Is Headed MUCH LOWER (Spoiler Alert: Price Could Crash To $850)August 28, 2018
The cycles expert said a month ago that gold was headed much higher, but now, Charles says gold is headed much, much lower. Here are the details...
It's all capitalisms fault!What is?Well, everything.At least that's the narrative you get from the political left, and quite frankly, not infrequently from the political right.
There are signs that the air may be coming out of the subprime credit card bubble.According to numbers recently released by Federal Reserve, delinquency rates on credit card balances at commercial banks other than the largest 100 rose to 6.2% in the second quarter of this year. These are credit cards issued by the nearly 5,000 smaller banks in the US. According to Wolf Street, this actually exceeds the peak during the financial crisis and represents a better than 2% jump from a year ago.
Rare to find schools or universities today which teach students much about past monetary affairs and specifically gold price history. Knowing our past basis for economic action is critical to […]