Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
If you've studied John Exter's liquidity pyramid, you'd likely know that US dollars aka Federal Reserve note$ in hand are one of the most liquid items you can own. Demand […]
Aug 3, 2018 - 05:39:50 PDT
“If we get two more rate hikes this year, as everybody expects, next year nearly 20% of bank profits will be interest on excess reserves paid by the Federal Reserve to the banks and that could potentially become a big political issue. Why are we giving them this giant subsidy?”
Aug 3, 2018 - 05:30:36 PDT
Since tariffs were announced, China has devalued the yuan almost 10%, thereby completely negating the effects of 10% tariffs.
Pretty much everybody in the mainstream is giddy about the US economy. As Charles Payne on Fox Business put it, "The Trump economy continues to fire on all cylinders."Payne rattled off a long list of positive indicators, from increasing wages, increasing consumer confidence, and strong spending and income numbers. Payne said this is all "building on what's already been an amazing economy."And then Peter Schiff came on and dumped cold water on the party.
Gold demand in the technology sector grew for the seventh consecutive quarter according to the World Gold Council's Gold Demand Trends Q2 2018 report.Demand for gold in tech grew 2% overall to 83.3 tons last quarter.
"Price of Gold today is determined by USD/CNY, period. Any analysis of Gold is basically a review of USD/CNY, plain and simple. Once you understand this..."
Aug 2, 2018 - 11:35:19 PDT
For the first time since 2006 (shortly before the housing bubble popped and the economy collapsed), the Fed has called the US economy "strong." And it's on the back of the same massive ramp in residential construction that led the Fed to call it "strong" 12 years ago. Did we mention new housing starts just plunged 12% in June? The Fed was dead wrong in 2006, and the Fed is dead wrong now.
From tech to the stodgiest old-economy names: flat-out ridiculous valuations, across the board: "Even if we take an index like the Dow Jones Industrial Average, which includes not one FANG stock, the message remains: investor euphoria, as manifest in equity valuations, is more extreme and more pervasive than ever before."
One minute you're enjoying some time off from your job in pest control, headed out for a nice bit of charity-related metal detecting in a field in Crewkerne, and the next you're holding a unique piece of priceless Roman antiquity dating back to 200 A.D.
American Gold Eagle sales put in a strong month in July, and American Silver Eagle sales are improving too. Here are the details...
"Global trade sharply dropped and is now negative on a 3-month (3M) annualized basis." Because the more you interfere with free markets and the more aggressively you attempt to manipulate them, the more damage is done to all participants, across the board.
Aug 2, 2018 - 05:36:40 PDT
By extending credit to weaker economic regions and participating in immense worldwide infrastructure building, China has dramatically extended its reach by building a global empire built on debt.
"Investors in gold need not fear that bitcoin will replace it as the preeminent global store of value. That is the implication of a recent study by Eric Budish, a professor of economics at the University of Chicago. The National Bureau of Economic Research published the paper—“The Economic Limits of Bitcoin and the Blockchain”—in June."
Aug 2, 2018 - 05:14:07 PDT
"Based on the most current projections, by the end of the year 2023, the U.S. is on track to increase cumulated deficit from USD 12.227 trillion at the end of 2016 to USD 20.466 trillion. This would imply an average annual uplift of USD 1.177 trillion, which is significantly higher than the average annual increase in deficits of USD 838.3 billion recorded over the 2009-2016 period."
Heard about the gold bonds yet? Here's an update on the efforts to re-introduce gold into monetary systems around the world....
Could the COT Report be telling us something about the current yuan-gold correlation? Craig has some great insight into that very question...
Three Big Mining Companies See Gold Production Tank in First Half of 2018 as Costs RiseAugust 1, 2018
Through the first half of 2018, gold production appears to be falling while the cost of mining the yellow metal continues to increase.According to a report on SRSrocco, three of the world's biggest gold mining companies all saw production fall in the first six months of the year. Barrick's output declined the most, falling by over 20% to 2.1 million ounces in 1H 2018. Goldcorp’s production fell 10%, while Newmont’s output dropped by nearly 9%. Taken together, gold production from these three companies fell 15% year-on-year.
Will bitcoin someday replace gold as the preeminent store of value?One economics professor said it won't because it will become more and more vulnerable to attack as its value increases.University of Chicago economics professor Eric Budish lays out his case in a National Bureau of Economic Research paper titled “The Economic Limits of Bitcoin and the Blockchain”
Good Thing It's Not 'Live Debt-Free or Die': Average NH College Grad Owes $36,367Aug 1, 2018 - 10:27:35 PDT
And a whopping 77% of all West Virginia college grads owe something. Even in Utah, the state with the lowest debt per graduating student, the average bill is $19,975. Put it all together and you end up with the single largest "asset" on the federal balance sheet: student loan debt of $1.5T, which is already in default at a double-digit percent rate that will only increase as interest rates continue to rise.
US Housing Sees Biggest Demand Drop in 2 Years, Flurry of New Supply Hits MarketAug 1, 2018 - 09:52:03 PDT
Nearly every day now there is a new data point suggesting that the big wave that is the US housing market has crested and is starting to crash. As this perception ripples through the market, expect the supply glut that typically accompanies the mad rush to cash out at the top, and then the price plunge that follows. Mortgage rates are at 6-year highs after years at all-time lows; how many would-be buyers are left?