What can the average person do to protect themselves from the unfolding economic crisis? Join Mike Maloney as he reveals what he is doing personally to protect himself from the hidden forces at work in the oil, gold, silver, currency, and stock markets.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and si...Read More
Harry explains why the coronavirus is NOT the issue, it is the black swan that exposes the real issue of debt, and we're at a point where several difficult cycles in the markets converge.Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demograph...Read More
John Williams who has long been a believer in hyperinflation tells host Jay Taylor that he projects GDP to be down by 8% in Q-1 and 30% to 40% in Q-2. At the same time, unemployment will rise to levels greater than during the Great Depression. Yet he continues to project a hyperinflationary scenario.Walter J. "John" Williams has been a private consulting economist and a specialist in government ec...Read More
The price of oil hit negative numbers, a first. If you go to your local gas station will they pay you to fill your tank up. The first wave of major retail bankruptcies has started. Neiman Marcus (a/k/a needless mark-up) is expected to file shortly. The first of many. And commercial real estate is in the dumps. With bankruptcies and the shut down, no one is renting office space and companies will n...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
Lockdowns and stay-at-home orders mean much more time spent online. Agencies such as the Federal Trade Commission (FTC) are warning the public about scammers and deceitful ads. RT America's Rick Sanchez has the story. Read More
"Many thousands more people have died in Europe this year compared with a normal year. But deaths officially attributed to Covid-19 account for just a fraction of the increase, suggesting manyContinue...Read More
As the financialized system continues to disintegrate and we see negative commodity prices following on last year's negative interest rates, DOUBLE DOWN asks Craig Hemke of TFMetalsReport.com Continue...Read More
The lockdown has had so many ripple effects that it is just mind-numbing. Shutting down restaurants and retail stores have had already a profound impact. Many girls have been left with no choice Continue...Read More
"There's a possibility that the assault of the virus on our nation next winter will actually be even more difficult than the one we just went through." Continue...Read More
"I am just sorry that it took my colleagues in Democratic leadership 12 days to accept the inevitable, and that they shut down emergency support for Main Street in a search for partisan 'leverage' that never Continue...Read More
"Beyond traditional gold supply and demand fundamentals, financial repression is back on an extraordinary scale," Continue...Read More
And to think that all of this could have been avoided if only the Fed would purchase OIL, not the commodity but the ETN. Powell, are you listening, because if not soon every sContinue...Read More
COLORADO SPRINGS, April 22, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") announced today that Mexico extended its national health emergency for another 30 days until May 30, 2020 to combat the spread of the COVID-19 virus. The extension order was published April 21, 2020 in the Official Gazette of the Federation and extended th...Read More
"The stone age didn't end for lack of stone, and the oil age will end long before the world runs out of oil." Sheik Ahmed Zaki Yamani, Saudi Arabian lawyer & politician, Minister of Oil & Mineral Resources 1962-1986, and a Minister of OPEC for 25 years; b. 1930 You may ask yourselfWhat is that beautiful house?You may ask yourselfWhere does that highway go to?And you may ask yourselfAm I right...Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his and are not investment advice.Breaking News:Exponential growth in COVID-19 cases is frightening, just like exponential growth in debt, government expenditures, and "borrow and spend" policies.The COVID-19, aka World War C, is a game changer, a reset.U.S. official cases on March 5 were 159.U.S. official cases on March...Read More
By Hubert Moolman 22 April 2019 During the 2008 financial crisis the Fed significantly increased the US monetary base to keep the system from collapse. They are currently in a similar situation, and have done (is doing) the exact same thing. Here is a chart of the US monetary base to illustrate the similarity: With the 2008 actions they were able to avoid the collapse until now. Will the c...Read More
By Ricky WenTuesday's session saw an immediate downside continuation based off of Monday's double top/lower high setup. Essentially, the bears broke support and hit a quick homerun into the daily 20EMA 2718 target on the Emini S&P 500 (ES), and then buyers/bulls showed up to put a temporary floor in place. It was a fairly simple trend day to the downside that could be classified as a 'gap down a...Read More
By definition, Black Swans in financial markets are rare, extreme events. How do you survive, possibly even thrive when the unthinkable happens? Let's evaluate the pros and cons of some Black Swan mitigation strategies:Black Swan betsNassim Taleb's best-selling "Black Swan" author has in the past suggested that he's constantly taking small losses in hopes of a big payoff some-day. The Pro: if th...Read More
TOO BIG TO FAIL?With the whole world rubbernecking at the scene of crude oil's crackup, you could lose sight of why it matters. Listening to Trump fret about it tells us nothing. He has endorsed collusion by energy suppliers, the better to push prices back up to...whatever. But he hasn't said why this would be a good thing. It's not as though we're all feeling sorry for the likes of Exxon and BP...Read More