Precious metals are apparently waking up. And here is where you can find the best deals.
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In the United States specifically, it is expected that the Social Security trust fund will run out by 2034
De-Dollarization is gaining speed...
Citigroup Surprise Index'
Gold was a little choppy overnight in a range of $1341.25 - $1348.65. It was $1346 bid at 4PM – unchanged.
The next catalyst is probably going to come from the Fed and the U.S. economy."
Ron Paul talked about bubbles during his Liberty Report last week, noting our articles on the subprime auto bubble, along with housing bubble 2.0.As Ron pointed out, it's hard to keep up with all of the distortions in the marketplace thanks to a decade of Federal Reserve easy money.How do you cover all the bubbles? The nature of what the Fed does by manipulating interest rates to lower than the market rate, everything has to be affected to some degree by a bubble and a distortion and a malinvestment, and excessive debt."
If reports from two major London gold dealers serve as any indication, a lot of Brits are buying gold.According to a report in Business Insider, Sharps Pixley reported a whopping 253% year-on-year increase in physical gold sales in March. Showroom sales last month came in at over $12.7 million compared to $3.6 million during the same period in 2017.Meanwhile, according to Investment Europe, the Pure Gold Company recorded a 62% increase in physical gold investment last Wednesday compared to the daily average.
Global silver scrap supply fell to its lowest level in 26 years. World silver recycling in 2017 dropped by nearly 50% since its peak in 2011. According to the 2018 World Silver Survey, global silver scrap supply declined to 138 million oz (Moz) compared to 261 Moz in 2011. While the lower silver price is...
"2018 has seen some 100 trading days with a daily movement of at least 1%. That’s a great sign for the gold price."
Morgan Stanley chucks the CPI as a useful metric, citing "many criticisms and changing methodologies of the consumer price index as a true measure of inflation."
On trade wars, geopolitics, stock buybacks, and the Washington midterms.
(46 BPS On For The 10Y-2Y Slope, Lowest Since Sept ’07) The Treasury yield curve, that is. The 10Y-2Y slope is now down to 46 basis points ... and flattening. The same for the 30Y-2Y slope as The Fed raises their target rate faster than they are decreasing their balance sheet.
Trillions in excess bank reserves in a rising rate environment now means that the Fed must pay ever more interest, on what is essentially its own money, to keep it from flooding the economy.
(The Quick and The Dead) One measure of how much things have changed in the last decade at Bank of America Corp.: The firm has stopped reporting fees from its mortgage business. The revenue line that once regularly topped $1 billion a quarter…
Despite a rebound in retail Sales the GDPNow forecast slips to 1.9 percent. Real final sales are 0.9 percent.
"Uncertainty in geopolitics with risk of military conflict is gold’s best friend."
Keith Weiner: Stability Is Not A Skyrocketing Gold Price Or Skyrocketing Gold Purchasing PowerApril 16, 2018
"conditions will deteriorate so badly that most will think twice about partying. As we suspect that not many people are partying in Venezuela..."
"At present, Venezuela’s annual inflation rate exceeds 10,000%. Venezuela is in a death spiral."
The start of the new contract trading was successful, attracting interest from institutional and retail investors, & major commodity trading houses
The Sovereign Debt Crisis is on schedule to be noticed starting here in 2018. We have 13 governments now who are already in default of their debt payments. There are more than 100 nations who are on the verge of a debt crisis.