Precious metals are apparently waking up. And here is where you can find the best deals.
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It’s a hellish recipe for incredible, unstoppable losses that happen at breathtaking speed.
Gold & Silver Could Quietly Surprise To The Upside As Global & US Market Turmoil Settles DownMay 30, 2018
SD Outlook/Update: Markets have been in chaos, but there's a strong argument to be made for an upside surprise in gold & silver...
The period of economic weakness for the US data continued on Wednesday with a disappointing ADP report first, followed by revised Q1 GDP data that missed across the board.
Being Fed Chair: Driving a Nitro-Loaded Semi Over an Ice Sheet, Through FireMay 30, 2018 - 06:23:08 PDT
There is no right move. There is no easy solution. Understand this, position yourself outside of risk assets, and wait for the crisis that gives rise to the bailout that crushes the USD.
ADP Employment Rebounds off April Plunge but "Hot Job Market" Is CoolingMay 30, 2018 - 06:17:16 PDT
“The hot job market has cooled slightly as the labor market continues to tighten,”
All that Italian noise means the likelihood of the Fed hiking three times in 2018 “just went out the window”, says our call of the day. Here’s what that means.
Change of the tide in monetary policy: the reversal from QE to QT will lead to a net decrease in central bank liquidity. This is the first big crash test for financial markets in a decade.
"The important point is to consider the possibility of a more sustained correction process. While we have no idea exactly “when” a correction of magnitude will occur, we do know it will."
Wall Street and Asia suffer heavy losses as investors fear new elections could bring further uncertainty to Italy
Elliott Wave Trader: If Gold Breaks Above This Down Trend-line Then Our First Target Is $1486May 30, 2018
"we are now challenging the purple down trendline...A break and close above that line should see gold accelerate higher in its..."
Jim Rickards: These Two Things Will Result In MUCH HIGHER Gold Prices BY THE END OF 2018May 29, 2018
Jim's insider contacts update Jim on "the type of information you don’t see in the headlines. This is very..."
Keith Weiner: Saying "We Owe The Debt To Ourselves" Is Perverse, Meaningless And DishonestMay 29, 2018
Keith shreds the claim that the debt is no big deal because we "owe it to ourselves". Here's why that couldn't be further from the truth...
The DX remained firm around 94.85, and gold dipped back to $1300. It was $1300 bid at 4PM with a loss of $1.
In his most recent podcast, Peter Schiff hit a number of subjects including oil prices, bond prices, Bitcoin, the dollar and tariffs. Peter said he thinks we're seeing a lot of movement in a number of markets that are counter to the long-term trends. For instance, oil dropped late last week, but he expects it's long-term trend to continue upward. The dollar has picked up strength, but the broader trend is toward a weaker dollar. And bond yields fell, but the overall trajectory for interest rates is up.
Last week, we explained how economic sanctions on Iran could boost the price of gold as Iranians turn to the yellow metal as a way to skirt restrictions. In a recent article published by the Daily Reckoning, financial expert Jim Rickards put this in a broader context. He described an evolving "axis of gold" as a number of countries, including China, Russia, Turkey and Iran increasingly use physical metal to create an offensive counterweight to the dollar.This gold-based payments system will dilute and ultimately eliminate the impact of US dollar-based sanctions."
The Euro Crisis is emerging rapidly. The 2Yr BTP Italy debt has jumped 150bp and is now wider by 2.50%. The ECB has been intervening BECAUSE as we have warned, there is NO BID. Interest rates for Italian debt have almost doubled in a matter of days.
(Other than the Horribly Exposed Italian Banks) “Doom loop” begins to exact its pound of flesh.
Indonesia's central bank has tried to stem the weakening in the rupiah, but it has seen little success.
Italy's political and economic woes are putting the euro under threat,
Credit card delinquencies higher than financial crisis peak at 4,700+ small US Banks. Americans are trying to keep up the pretense of a middle class lifestyle with credit card debt.