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Is This The Crash? (Free Version) Gold, Silver & Bitcoin Update from Mike MaloneyFeb 9, 2018 - 06:00:15 PST
Is this the beginning of a major crash? Join Mike Maloney for his latest update where he analyzes the stock market, gold & silver, and bitcoin. Are you a GoldSilver Insider? Mike released an earlier, Insider-only version of this video that reviews his latest investment moves and changes in his personal holdings. If you're not an Insider, here are the details of this exclusive program.The articles Mike references in this video:
"The threat of a default is enough to terrify investors and traders all over the world."
In 3 out of the past 5 sessions, more than 89% of securities on the NYSE declinedFeb 9, 2018 - 05:14:14 PST
That has happened only once before in 78 years (May 17, 1947).
The tumble in worldwide equities kept its momentum, with European and Asian markets dropping and U.S. futures reversing gains
Congress passed a two-year budget agreement early Friday that will boost federal spending by almost $300 billion and suspend the debt ceiling for a year
For Insiders only: Mike reviews his latest investment moves and changes in his personal holdings.
While Goldman is by no means is predicting a moonshot, they're not clubbin' the yellow metal like a baby seal either. Here's the details...
Lynette Zang: There's A Reason Gold & Silver Went Down This Week During The Stock Market ChaosFebruary 8, 2018
Lynette explains why gold & silver have gone down even as the stock market has been crashing. Here's the details...
Gold traded lower overnight in a range of $1307.15 - $1319.25. It breached support at the $1308-09 – double bottom from 1/9 and 1/10, but found support just below at the double bottom from 1/3, 1/4 at $1306-07.
In 2017, nearly 200 tons of gold flowed into gold-backed ETFs. That positive trend continued in January, according to a report released today by the World Gold Council.Gold-backed ETFs added 27.6 tons last month, growing assets by 5%. Global gold-backed ETFs collectively held 2,396 tons of the yellow metal at the end of January with a value of about $103.6 billion.
Just over a week ago, President Trump delivered the State of the Union speech. The president gave a speech with a decidedly optimistic tone. This was certainly welcome with the increasingly fractured and divided American political landscape. But it's important to focus beyond the political theater and take a hard look at where the US economy really is and where it is heading. Unfortunately, the political rhetoric doesn't always line up with economic reality.
Stocks fell sharply as strong earnings and economic data were not enough to quell jitters from higher interest rates on Wall Street.
The ballooning federal budget deficit under President Trump will force the U.S. to borrow more than $1 trillion this year and risks worsening the frenzy behind the global sell-off in stock markets.
As China’s currency trades near to its highest level against the greenback since the 2015 devaluation, don’t expect the government to engineer a reversal any time soon, according to Morgan Stanley.
Harvey explains the "criminal behavior" underway at the GLD and asks, "Why is the GLD behaving differently than the SLV?". Here's why...
Unwinding And Rising Mortgage Rates (Jaws Strikes Again!) Just when you thought it was safe to go back in the water. The Federal Reserve has been merrily raising its target rate and slowly unwinding its $4.4 trillion balance sheet.
(But Is The Fed Sorry For Keeping Rates Near Zero For So Long?) Nomura's S&P500 VIX Short-Term Futures Inverse Daily Excess Return Index ETN is having a Titanic moment.
Surging over the past five consecutive quarters, US credit card debt levels are back to the highs they hit just prior to the 2008 financial crisis.
"Rising interest rates are a problem and the U.S. is in debt and there is massive bond supply."
Goldman Sachs raised its gold price forecasts this Thursday.