Precious metals news

"a vague dislike that they can’t quite articulate, then perhaps this sort of behavior is part of the reason why." Here's that behavior...

"setting up a unique opportunity for patient and skilled traders/investors. Possibly, the opportunity of a lifetime if our analysis is correct."

Is silver going to be making a big move sometime soon? The evidence is building that the answer to that question might be yes. Join Mike Maloney for this latest update on the silver market.

Former Fed Head Alan Greenspan has resurfaced, and he is once again trying to make amends for his actions against gold. See for yourself...

Gold’s support at $1318-19 finally broke, and the metal tumbled through some sell stops to reach $1312.80. It was $1314 bid at 4PM with a loss of $5.

Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases. While the Chinese and Russian governments have been adding gold to their official reserves over the past several years, Turkey added 86 metric tons to its official holdings in the last seven months of 2017.

Last week, we ran an article highlighting the fact that Venezuelans are better off holding video game money than bolivars.
Whenever we publish an article like that criticizing socialism, we always get some people insisting, "That's not real socialism." In fact, they emphatically claim that socialism has never really been tried.
But as Ryan McMaken points out in an article published on the Mises Wire, "real socialism" has been tried - more than once. And it's failed every single time. 

The mainstream keeps telling us the economy is great. Unemployment is low. The stock market is high. There's nothing to worry about. So, when we do express concern and argue that maybe things aren't so great, the mainstream writes us off as contrarians or old-fashioned "gold bugs."
Of course, there has been a certain negativity toward precious metals investing for years. as SRSrocco put it, "There’s a very interesting notion put forth by many commenters that the precious metals analysts and dealers are the frauds and charlatans, not Wall Street or the central banks.  I imagine they believe this because gold and silver prices haven’t performed as forecasted or compared to the insanely inflated stock, real estate, and crypto markets."
But no matter what they might think, there are important reasons to buy gold - especially now while everything is supposedly great.

So much for the billions spent buying pesos on Friday...

Judging by DoubleLine's Jeff Gundlach's favorite 10Y Yield indicator, Copper/Gold is signaling 10-Year yields should be 40bps lower...

Gluskin Sheff’s David Rosenberg bases his prediction on sluggish U.S. economic growth & overvalued equities.

Economic history appears to be rhyming once again in Latin America. Perennial credit-basket-case Argentina was one of the first countries to suffer a major currency crisis this century. Now, its government has asked the IMF for a brand-new bailout. But if this classic last-gasp fix was meant to calm the markets, it isn’t working.

On October 22, 1981, the national debt in the United States crossed the $1 trillion threshold for the first time in history. It took nearly two centuries to reach that unfortunate milestone. And over…

"Paulson told members of Congress that $5.5 trillion in wealth would disappear by 2 p.m. that day unless the government took immediate action, and that the world economy would collapse within 24 hours.”

Average 20-year return on investment in S&P 500 at PE over 20: -8% (negative 8%). Current S&P 500 PE: 25.

Borrowers in the U.S. are defaulting on subprime auto loans at a higher rate than during the financial crisis, according to Fitch Ratings.

"Post-2008, the war on cash made the big banks even bigger and centralized money even further. This serves as a huge bonus for central bankers as it eliminates bank runs and allows the seamless transition to implementing NIRP."

"Today’s bigger risk is the sheer amount of corporate debt, especially high-yield bonds that will be very hard to liquidate in a crisis."

"If gold is a relic of history, why do Central Banks + the IMF still hold over $1T of gold?

https://commodityseasonality.com/metals/