StrengthsThe best performing metal this week was palladium, up 4.41 percent. Central banks continue to stock up on gold - led by Russia, the world's top buyer for seven consecutive years. Russia's central bank quadrupled its gold holdings in the last decade and has diversified away from U.S. assets. According to Bloomberg, the value of the nation's gold surged 42 percent in the past year to $1...Read More
David HaggithOne argument for last week's extraordinary plunge in bond prices, which I explored as something that might happen this time of year in one of my earlier Premium Posts, was that bond prices could get crushed by the supersized US treasury auctions planned for September and October as the government makes up for its inability to issue new debt during the debt-ceiling standoff.While poi...Read More
For a rare change, global markets seem genuinely concerned about the news. A drone attack by Iran over the weekend knocked out more than half of Saudi Arabia's refining capacity, amounting to roughly five percent of global supply. Fox and other news outlets underplayed the story initially, putting it beneath the latest sex charges against Kavanaugh. But the Saudi story shot up to the top of the...Read More
Please Listen HereInterview Recap.ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott Inc. The first online marketplace to offer secure and convenient buying, selling and redemption of digital PMs. ONEGOLD uses VaultChain, a secure, immutable blockchain ledger from Tradewind Markets, the leading innovator in digital precious m...Read More
By: Ira EpsteinBonds also a crowded trade. Gold weekly chart has not taken out any important lows..Read More
Realistic ForecastsProfound Technological ChangeIncome ChallengesCrazy NumbersNew York and HoustonScientists say the rules change in a cosmic "black hole" at what astrophysicists call the event horizon. How do they know that? Not by observation, since what happens in there is, by definition, un-seeable. They infer it from the surroundings, which say that the mathematics of the universe as we und...Read More
Right before last week's Democratic debate, Elizabeth Warren revealed her plan to greatly expand Social Security.And then, during opening remarks, Andrew Yang said he wanted to pay 10 Americans "freedom dividends" worth $1,000 a month as a way of demonstrating his larger plan to do the same thing for everyone in the country.Now, both of these proposals are attempts to create larger social safety n...Read More
Dear Reader,Pop quiz: When you receive a paycheck, who do you pay first? If you're like most Americans, you're probably paying everyone else first - your rent/mortgage, groceries, utilities, car payment, insurance, etc.Once you're done paying all those bills, you stick whatever you have left (if anything) into savings - that's the classic "paying yourself last" scenario. Then you patiently await y...Read More
Editor’s note: Central banks have inflated bubble after bubble. Today, Daily Reckoning contributor Charles Hugh Smith shows you the three stages of bubbles – with a fourth for good measure. He also addresses how long the show can go on.Dear Reader,Financial bubbles manifest three dynamics: The one we’re most familiar with is simple human greed, the desire to exploit a windfall an...Read More
Sep 17, 2019 Guest(s): Adrian Day A slight pullback in gold should not deter investors from the fact that the yellow metal is still in a bull market, especially after sentiment has shifted in its favor recently, said Adrian Day, CEO of Adrian Day Asset Management. "I think the most important thing that has happened in the last six months is there's a change in sentiment. When you have a change...Read More
Sep 17, 2019 Guest(s): Keith Neumeyer CEO, First Majestic Silver faces serious supply constraints, and although most people may not realize, it is a very rare metal that should be trading in the triple digits in price, this according to Keith Neumeyer, CEO of First Majestic Silver. "We're mining eight to one, so for every one ounce of gold that's being mined worldwide, we're only mining eight ou...Read More
Sep 17, 2019 Guest(s): Randy Smallwood With the mega mergers creating two of the world's largest miners, there may still be an opportunity for mid-tier miners to find quality assets of their own, said Randy Smallwood, CEO of Wheaton Precious Metals. "There's still, within the mid-tiers and the single-asset companies there's still a lot of good opportunities, and certain markets have more streng...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Proprietary analyst and founder of Kirby Analytics, Rob Kirby, returns to ReluctantPreppers to give frank and hard-hitting answers to viewers questions about what's happening in the global economy, the credit cycle, and precious metals. Kirby draws the parallels from the 2008 financial crisis to today, and sounds an informed warning on what we are likely to encounter on the road ahead!Rob Kirby is...Read More
The recent attacks on Saudi oil facilities by Yemeni Houthi forces demonstrate once again that an aggressive foreign policy often brings unintended consequences and can result in blowback. In 2015 Saudi Arabia attacked its neighbor, Yemen, because a coup in that country ousted the Saudi-backed dictator. Four years later Yemen is in ruins, with nearly 100,000 Yemenis killed and millions more facing...Read More
As any fan of detective books or shows knows well, when you observe a crime you must first ask yourself, "Who benefits." The Latin is Cui Bono Literally to whom is it a benefit?Continue...Read More
The "traders" would use multiple fake orders to manipulate prices of gold and silver futures.Continue...Read More
Peter Schiff returns to answer listener questions about Trump's economics, navigating the ups and downs of the economy, and a lot more. Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investm...Read More
Chinese officials will be in America this week to hold meetings with the U.S. ahead of high-level trade talks in October.Continue...Read More
Sep 18, 2019 It's only a matter of time before junior miners' performance catches up to precious metals, as mining stocks tend to lag a consolidating price rally, said Jonathan Guy, Director of Mining Research at Numis Securities. "It all takes time. The gold price is the thing that moves first, but people want to see that the move is real before they commit new money to the sector, and I think th...Read More