- Jeffrey Gundlach Says Dollar’s Next Move May Be Downward
“We’ll probably end with the dollar lower at year-end than it is right now.”
- 8 days ago, 12 Sep 18, 1:39pm -
- America moves closer to being a cashless society
ATMs, which had their 50th birthday last year, are disappearing, signaling the decline of the “cash run.”
- 8 days ago, 12 Sep 18, 1:22pm -
- Weekly refinance demand plummets as mortgage rates hit a 5-week high
Mortgage application volume fell 1.8 percent last week, according to the Mortgage Bankers Association.
- 8 days ago, 12 Sep 18, 12:54pm -
- Producer Prices Unexpectedly Drop For The First Time In 18 Months
Wholesale inflation in the form of producer prices unexpectedly fell in August, its first drop in 18 months since last February.
- 8 days ago, 12 Sep 18, 12:54pm -
- CNBC: ‘Economy Adds More Jobs Than Expected'; Reality: Economy Lost Over 1 Million Jobs
The “civilian labor force” declined by 469,000 people in August from July. The number of “employed” dropped 423,000. The “not in labor force” increased by nearly 700,000. Between the decline in the number of people employed and the declin…
- 9 days ago, 12 Sep 18, 2:33am -
- Trump's Idea to Pay Off National Debt: "Just Run the Presses — Print Money"
Trump did not understand that "just running the presses," of course, creates debt. "You don't get to do it that way," responded former White House National Economic director Gary Cohn, who was "astounded at Trump's lack of basic understanding."
- 9 days ago, 12 Sep 18, 2:24am -
- Federal Budget Deficit Insanity: CBO Now Says $1T Deficit This Fiscal Year, Not 2020
How out of control is US government spending vs. its ability to pay for it? The Congressional Budget Office said as recently as April of this year that the federal budget deficit would hit $1T in 2020. Now, just four months later, the CBO says the ad…
- 9 days ago, 12 Sep 18, 2:07am -
- Central Banks Continue Decade-Long Gold Buying Binge
The demise of the dollar as the world's reserve currency has been decades in the making and is not going to happen overnight. But central banks around the world have been positioning themselves for just this event with 10+ years of gold purchases. Wh…
- 9 days ago, 12 Sep 18, 1:57am -
- Gold Traders' Report - September 11, 2018
The 10-year bond yield ticked higher to 2.983%, while the DX traded narrowly between 95.20-26. Gold was $1,196 bid at 4PM with a gain of $1.
- 9 days ago, 11 Sep 18, 8:53pm -
- Retail Investor Confidence, a Classic Contrarian Indicator, at 18-Year High
Because history shows, time and time again, that just when retail investors are most certain the good times will never end, the good times are just about to end. Usually with a steep, sudden, hair-raising stock market crash.
- 9 days ago, 11 Sep 18, 2:14pm -
- PIMCO: Gold at an Attractive Valuation, Especially vs. This Late-Stage Bull Market
The short course: Ignore the short-term noise and focus on the signal. When attempting to value the single greatest and most durable store of value mankind has ever known, the current market backdrop "leads, in our view, to an opportunity to add a ri…
- 9 days ago, 11 Sep 18, 1:48pm -
- Silver at so Many All-Time Historical Valuation Lows It's Difficult to Keep Track of Them All
We live in extraordinary silver times: Commercial silver hedgers just went net long for the first time in 25 years. Speculative shorts are at an all-time high. The Dow/Silver ratio is 65% higher than just prior to the 2008 stock market crash. Silver…
- 9 days ago, 11 Sep 18, 12:55pm -
- Boston Fed's Rosengren Argues for More Hikes to "Restrictive" Interest Rate Levels
In what could be called a voice of semi-sanity emerging from the typical behind-the-curtain "Wizard of Oz" Fed groupthink, Eric Rosengren suggests that raising rates much higher than currently expected, much longer than currently expected, might be t…
- 9 days ago, 11 Sep 18, 12:36pm -
- What a Currency in Collapse Looks Like: Soup Kitchens, Barter Markets, and Civil Unrest
As Argentinians lined up outside small stores, many vendors refused to sell items to them for any amount of paper currency. As the peso continued to unravel, it was impossible to keep track of exactly how high inflation had gone, and there was no gua…
- 9 days ago, 11 Sep 18, 12:20pm -
- Mike Maloney: "Why Is Saving for Retirement Now Impossible?"
Join Mike Maloney as he explores how what used to be solid, practical advice — save 10% of your income a year to responsibly plan for a comfortable retirement — became an out-and-out impossibility.
- 9 days ago, 11 Sep 18, 12:14pm -
- Gold Traders' Report - September 10, 2018
US stocks drifted lower (S&P +5 to 2877), while the 10-year yield remained around 2.93%. The DX traded narrowly between 94.14 – 94.18, and gold was $1,195 bid at 4PM with a loss of $1.
- 10 days ago, 10 Sep 18, 10:34pm -
- Turning Japanese? Former IMF Chief Economist Says Fed Should Buy Stocks
At least one prominent economic voice says that ZIRP handouts from the Fed to corporations so they can buy back their own overvalued stocks with near-free government loan money isn't enough. Olivier Blanchard suggests that in order to stave off reces…
- 10 days ago, 10 Sep 18, 6:25pm -
- It’s Official: Gold & Silver Prices Now at Inflation-Adjusted 50-Year Lows
GoldSilver Senior Precious Metals Analyst Jeff Clark has discovered an incredible statistic: using the original CPI inflation equation (circa 1980, before it was changed, and changed, and changed again to suit politicians' agendas), both gold and sil…
- 10 days ago, 10 Sep 18, 6:18pm -
- BofA Merrill: The Last Two Times Global Markets Did What They're Doing Now, US Stocks Plunged
2011 and 2015 saw the exact same global market topping out, and both instances presaged deep declines in US stocks.
- 10 days ago, 10 Sep 18, 6:16pm -
- Insider's Report: The Most Comprehensive Update Mike Has Ever Recorded
This is likely the most comprehensive Insider’s Report Mike has ever recorded. Spanning 59 minutes, he shares all his latest investment moves including those in the cryptocurrency space. He also provides a full analysis of precious metals markets i…
- 10 days ago, 10 Sep 18, 6:01pm -
- Natural Gas to Replace Oil as North America's Primary Energy Source This Year
Risk management firm DNV GL projects that oil's reign as North American fuel of choice is almost over. Further, they see total energy demand decreasing by 43% by 2050 as manufacturing declines and reliance on electricity rises.
- 10 days ago, 10 Sep 18, 10:29am -
- "Once in a Lifetime" Gold Mining Vein Found in Australia
And this, just as Canadian mine owner RNC Minerals was in the final stages of selling the mine. Over $10M worth of gold has been brought above ground in just four days since the discovery was made.
- 10 days ago, 10 Sep 18, 10:13am -
- Argentina Bank Run: $490M Withdrawn From Bank Savings in Two Days
Because one of the few things worse than a collapsing currency is not having any access to your personal savings when it's all held in that currency.
- 10 days ago, 10 Sep 18, 10:07am -
- Gold Traders' Report - September 7, 2018
Later in the afternoon, US equities pared losses (S&P finished off 5 to 2,873), while the 10-year yield recovered to 2.945%. The DX remained steady around 95.40, and gold was $1,196 bid at 4PM with a loss of $3.
- 13 days ago, 7 Sep 18, 10:00pm -
- How One 1960s London Banker Invented the High-Net-Worth Offshore Tax Dodge
"If the bonds had been issued in Britain, there would have been a 4% tax on them, so Fraser formally issued them at Schiphol airport in the Netherlands. If the interest were to be paid in Britain, it would have attracted another tax, so Fraser arrang…
- 13 days ago, 7 Sep 18, 7:18pm -
- US Mint Temporarily Sells Out of 2018 American Silver Eagle Bullion Coins
A huge surge in demand has left the 2018 Silver Eagle shelves temporarily bare. Over a million coins sold during the first week in September, more than in any entire previous month this year except January and August.
- 13 days ago, 7 Sep 18, 7:12pm -
- Italian Exit From EU Would Require Biggest Bank Bailout Ever (Including 2008 US Crisis)
Italy has the EU over a barrel, and Italy knows it. In the doomed-from-the-start social experiment that is the eurozone, who ever thought that over the long term, perpetual profligate debt-addicts like Italy and Greece could share a currency and a ba…
- 13 days ago, 7 Sep 18, 12:29pm -
- US Government Debt Interest Cost Skyrockets 41% Year-Over-Year, at All-Time High
Is anyone paying attention to deficits and debt in Washington anymore? Anyone? In just one year, interest expense rose from $28.7B to $40.5B, and with rising rates and a wildly overspent $1T+ annual budget deficit, this is only the beginning of huge…
- 13 days ago, 7 Sep 18, 12:14pm -
- Danske Bank, Denmark's Largest, Implicated in $150B Russian Money Laundering Scheme
In yet another example of a bank attempting to profit off of criminal activity and bungling it so poorly you wonder how they ever thought they'd get away with it, Danske Bank attempted to launder $150B in Russian money by routing it through its Eston…
- 13 days ago, 7 Sep 18, 12:07pm -
- MarketWatch: Time to Buy Silver, "The Most-Hated Asset"
Housing, after the subprime collapse. Tech stocks, after the 80% Nasdaq bloodletting that followed the dotcom bubble popping. Anywhere you find an asset that most investors view with fear, disgust, and hatred, you almost invariably find a deeply unde…
- 13 days ago, 7 Sep 18, 12:01pm -
- Gold Traders' Report - September 6, 2018
The 10-year yield ticked up to 2.88%, and the DX recovered to 95.05. Gold was $1,199 bid at 4PM with a gain of $2.
- 14 days ago, 6 Sep 18, 10:30pm -
- "After 10 Years of 'Recovery,' What Are Central Banks So Afraid Of?"
Charles Hugh Smith: "The 'recovery'/Bull Market is in its 10th year, and yet central banks are still tiptoeing around as if the tiniest misstep will cause the whole shebang to shatter: what are they so afraid of? The cognitive dissonance/crazy-making…
- 14 days ago, 6 Sep 18, 6:52pm -
- Are You Having Fun Yet? Fed's Williams Says Current US Economy "As Good as It Gets"
The non-recovery recovery, fueled by one-off tax cuts and QE, has resulted in soaring risk-asset prices and no wage growth. If that hasn't made your life a better place, tough. This is the absolute best of times. Or so says the NY Fed's John Williams…
- 14 days ago, 6 Sep 18, 5:49pm -
- In Other News, Water Wet, Fire Hot, Japanese Central Branker Urges More Stimulus
Japanese risk-asset markets are freely trading markets in the same way that carousels are The Kentucky Derby. The former involve assets. The latter involve horses. And that's pretty much all either pair have in common.
- 14 days ago, 6 Sep 18, 5:32pm -
- Forbes: "Disaster Is Inevitable When America's Stock Market Bubble Bursts"
"Today's unusual market strength is not evidence of a strong, organic economy, but of an extremely unhealthy, artificial bubble economy that will end in a crisis."
- 14 days ago, 6 Sep 18, 4:02pm -
- Wells Fargo: Seriously, Can It Go 5 Minutes Without Committing a Crime?
America's worst excuse for a bank and closest proxy to a bumbling, can't-get-anything-right, white-collar-incompetence-personified organized crime outfit is doing what it always does. The DOJ has found "widespread document altering." In sum: "There w…
- 14 days ago, 6 Sep 18, 3:13pm -
- All the Fiscal Sleight of Hand in the World Can't Save the Argentinian Peso
60% interest rates! A $50B loan infusion from the IMF! All this smoke, all these mirrors. The problem is that the Argentinian Peso is a worthless fiat currency. And the market knows it. So bring on the dogs, bring on the ponies, bring on the show. Ma…
- 14 days ago, 6 Sep 18, 3:12pm -
- Top Advisors to Crazy Rich Asians: Buy More Gold, Now
"Gold has been hammered of late, and some advisers are telling their wealthy clients to take advantage of lower prices and add to their stockpiles, amounting to 5% to 10% of total assets. That is up from an earlier recommendation of 3% to 5%, accordi…
- 14 days ago, 6 Sep 18, 12:48pm -
- When a Rout is a Crisis is Contagion: Longest Emerging-Market Selloff Since 2008
The pain and value destruction in emerging markets is clearcutting assets from currencies to bonds to stocks. As the maelstrom shows no signs of abating and now marks the longest such event since the 2008 crisis, one question becomes more pressing ev…
- 14 days ago, 6 Sep 18, 12:44pm -
- Tech Company Inventory Backlogs Are at Pre-2008 Crisis Levels
Stuff that channel! When you want to dummy up your quarterly numbers so they look better than your actual operational performance legitimately dictates, manufacturing like crazy and then just having your products collect dust in a warehouse is one wa…
- 14 days ago, 6 Sep 18, 12:36pm -
- "Gold, You're Killing Me!"...Until It Saves You
Investing in gold can be frustrating, maddening, infuriating even. When every last yahoo you know seems to be making effortless money by plowing everything they have into an all-time overvalued stock market, it can be incredibly difficult to stick to…
- 14 days ago, 6 Sep 18, 12:24pm -
- Mike Maloney: REVEALED — The Dangerous F.O.G.
Join Mike Maloney as he discusses the dire consequences of what has been a wholesale takeover of the American free market system: the out-and-out Financialization of Government.
- 15 days ago, 5 Sep 18, 11:12pm -
- Gold Traders' Report - September 5, 2018
The 10-year bond yield was steady, trading either side of 2.90%. The DX ticked down to 95.11, and gold edged up to $1,197. Gold was $1,197 bid at 4PM with a gain of $5.
- 15 days ago, 5 Sep 18, 10:59pm -
- Unless Something That's Never Happened Since 1871 Happens, Stocks Will Fall 56% or More
Don't worry too much about the "why" of current stock market valuation lunacy. Simply know that the same mathematical corrections have happened for 147 years, and unless "this time it's different," which it never is, the market will be very lucky to…
- 15 days ago, 5 Sep 18, 5:53pm -
- Extraordinary Extreme: Gold/Silver Ratio of 84.4 Is Highest Since 2008
As most precious metals investors know, instead of a sign of bad news, a high GSR can signal a tremendous buying opportunity. Even Bloomberg points out that silver is at its "cheapest level compared to gold" in a decade.
- 15 days ago, 5 Sep 18, 5:49pm -
- Deep in the Red...Capital Flight: Scenes From an Italian Debt Default
While near-term currency-crisis focus is on the Turkey appetizer, the main course will be decidedly Italian. Driven by populist leaders whose attitude toward Italy's self-incurred sovereign debt is essentially two extended middle fingers toward the m…
- 15 days ago, 5 Sep 18, 1:05pm -
- What Market Bottoms Are Made Of: All-Time Record Short Positions in Gold AND Silver
Whereas gold and silver were previously, confoundingly falling into largely bullish investor views and a spate of bargain hunting, we now see huge spikes in speculative shorts. Such huge spikes that both gold and silver net shorts are at all-time-hig…
- 15 days ago, 5 Sep 18, 1:03pm -
- Hussman: "Few Possibilities Involve a Smaller Stock Market Loss Than 66%"
"I am aware of no plausible conditions under which current extremes are likely to work out well for investors. From current valuations, we expect that the total return from passive investment strategies will average less than 1% annually over the com…
- 15 days ago, 5 Sep 18, 12:39pm -
- "Pensions Are a Promise," But Math Drinks Their Milkshake
Pension true believers, you'll never forget the day GoldSilver told you that Santa Claus, the Easter Bunny, the Tooth Fairy, and the promises of long-gone elected politicians don't amount to a wisp of smoke. Math, however, is the one unflinching mess…
- 15 days ago, 5 Sep 18, 12:35pm -
- JPMorgan: Next Crash Will Result in "Social Unrest Not Seen in 50 Years"
Two entire generations of Americans have lived their entire lives without seeing anything resembling widespread domestic social unrest. JPMorgan says that ends soon.
- 15 days ago, 5 Sep 18, 12:19pm -
