Precious metals are apparently waking up. And here is where you can find the best deals.
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Harvey says the bankers are capitulating, in part because of what Trump did, which will propel gold & silver higher. Here's the details...
"The yuan’s recent tumble on a trade-weighted basis will offset the drag on Chinese growth from the first two rounds of U.S. tariffs, according to Goldman." That means if Mnuchin is telling the truth and there's "no chance of a currency war," there's a 100% chance of the US becoming China's economic punching bag. What do you call a currency war where one side takes just take a relentless beating and doesn't fight back?
Who has 50 states, just passed a giant tax cut, and is the only developed-economy country in the world that is expected to increase its debt-to-GDP ratio (and how!) over the next five years? THIS GUY!
As contrarians, one indicator we most wish to see is a market totally convinced gold will fall, thinking it is done for as an asset class, is a worthless relic. Not worth its weight as a doorstop. Which is why we like to see speculative shorts against the gold price hitting an all-time high.
ECB: Nothing to See Here, Move Along, More From the Usual Fake-Money FirehoseJul 26, 2018 - 05:17:51 PDT
Echoing sentiment from the Bank of Japan, the ECB affirms it will continue its ultra-loose policies while continuing to kick the reality can down the road. Because if you wait long enough until a bank collapses or you're hit with some other "external" crisis, it's not your fault!
"'It’s my hidden shame. But a part of me feels I am simply brave enough to say out loud what we all feel. Well, I am hoping my love of gold squeezes that same sort of smile from you. In this world of bat-shit-crazy central bank policies, a smidgen of the asset that has maintained its status as a store of value for thousands of years seems prudent."
Gold production in China fell nearly 8% year-on-year in the first half of 2018, according to data released by the China Gold Association.China ranks as the world's leading gold producer.
After Pres Trump signed a bill raising the debt ceiling last fall, we warned that rising interest rates could crush the US federal budget under interest payments. Well, interest rates are going up and so is the cost of servicing the US government's $21-plus trillion debt.
Jul 25, 2018 - 11:53:54 PDT
Because if we've learned anything since 2008, when we trusted banks who failed to manage their own risk and leverage levels to such an extent that they almost crashed the economy, it's that trusting banks to manage their own risk and leverage levels without any real oversight...well, it's just the easiest thing to do.
Stewart Thomson says things look really good for gold right now. He also says in September, gold could get a real boost. Here's why...
Marshall Swing RED ALERT: Commercials Net Long Platinum And Ready To FLIP LONG On Gold & SilverJuly 25, 2018
Marshall just sent us a red alert, and he says when the flip happens in gold & silver, it will all be over after 30 minutes. Here's the details...
Not Farmers Only: Fiat Chrysler, GM Stocks Slammed as Tariff Costs WeighJul 25, 2018 - 08:08:30 PDT
The farmers are getting $12B in free bailout cash from the government. Is Big Auto next?
"In order to maintain an "equilibrium" of commodity prices through this process, it's clear that China is now aggressively intervening in..."
A Gold Bull Market In Bear Market's Clothing As Russia Adds MASSIVELY To Its Stack Of GoldJuly 25, 2018
Just how important and significant is all of this stacking of physical by the Russians? TraderStef breaks it down perfectly in this timely update...
"Despite a plunge in median new home prices to their lowest since Feb 2017, and the most new homes for sale since March 2009, new home sales tumbled 5.3% MoM in June to the weakest since October 2017."
Jul 25, 2018 - 06:58:19 PDT
This: "So stop trying to time the end of the Bank of Japan’s stimulus program. It’s going to keep going until something really bad happens that the Central Banks cannot control."
SD Midweek: Things are actually looking up for gold and silver, but there's a catch. Here's the details...
As prices to continue to tick higher, sales volume plummets. That feeling that you get at the very instant the music stops when you play musical chairs? Coming soon, to Southern California home sellers.
Deutsche Blank: Worst Fixed-Income Q2 Since 2008 for the Derivatives DeathstarJul 25, 2018 - 05:09:14 PDT
"We’re making important changes to our core businesses as promised, we’re headed in the right direction." When have these words ever failed to right the ship? It's Deutsche's 5th-consecutive fixed-income decline.
Clive says that snap-back rallies are imminent, but only until the stock market crashes. Here's why...