By Keith WeinerFor the first time since we began publishing this Report, it is a day late. We apologize. Keith has just returned Saturday from two months on the road.Unlike the rest of the world, we define inflation as monetary counterfeiting. We do not put the emphasis on quantity (and the dollar is not money, it's a currency). We focus on the quality. An awful lot of our monetary counterfeitin...Read More
Although I've projected a further 3.3% drop in the E-Mini S&Ps over the near-term, we should remain open to the possibility of a stock-market reversal on Tuesday that would kick off the increasingly prayed-for Santa rally/dead-cat bounce. The chart shows what would need to happen to trip the bullish signal. Specifically, the March contract would need to push above the small peak at 2616.75 tha...Read More
Tomorrow, the FOMC will publish its monetary policy statements and economic projections. How could they affect the gold market? And what about the recent developments in Europe? FOMC Preview and Gold The market awaits the monetary policy decision of the FOMC and its fresh economic projections. If the Committee surprises on the dovish (hawkish) side, gold will shine (struggle). Our bet is that...Read More
By Avi Gilburt This article was written on Sunday Dec 16: Last Monday, the market dropped over 70 points from its intra-day high to just below 2600SPX, and a reporter on television claimed it was due to the "postponement of the Brexit vote." Yet, around mid-day, the market began to rally off its lows, and ended positive for the day. But, there was no substantive reason cited for this rally....Read More
The Fed probably will implement another 0.25% rate hike this week, but at the same time it probably will signal either an indefinite pause in its rate hiking or a slowing of its rate-hiking pace. The financial markets have already factored in such an outcome, in that the prices of Fed Funds Futures contracts reflect an expectation that there will be no more than one rate hike in 2019. However, t...Read More
Import prices for rebar and billet in the United Arab Emirates (UAE) were stable this week although demand was weak, sources told Fastmarkets MB on Tuesday December 18.Domestic rebarThe country's largest producer, Emirates Steel, was still offering rebar at 2,016 dirhams ($549) per tonne ex-works for December production while Conares Steel was offering rebar at 1,990 dirhams per tonne on the same...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebarOman, export, rebar, offered at $520-530 per tonne cfr, theoretical weight,...Read 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 investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Max interviews Dr. Michael Hudson, author of the new book "... and forgive them their debts", about the history of debt forgiveness. Hudson explains that the rulers of Byzantium wiped out the savings of rich people by forgiving debts because canceling debts does not cause economic crises but prevents them.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial pro...Read More
Could riots, like the ones in France, happen in America?John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's h...Read More
Join Mike Maloney as he shows how a 'taxation nightmare' is evolving at a rapid pace around the world. Three recent examples of government meddling are provided, and anyone who has studied monetary history will know that this does not end well. 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 silver sal...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Would our planet be better off if humanity ceased to exist? That is quite a morbid question, but today an increasing number of intellectuals are bringing it up, Continue...Read More
In the land of the fee and home of the slave, incoming Democrats have already drafted a bill that will criminalize private gun sales. As a "free" American, you Continue...Read More
David Jensen emailed me recently to say "all hell is breaking loose in the Palladium markets" and as David explains it, the unallocated paper precious metals Ponzi scheme may come unraveled once and for all due to what's happening at the LBMA right now with Palladium. The NYMEX vaults are down to a mere 18,000 physical ounces and the Tokyo Commodity Exchange is down to just 600 ounces Palladium. T...Read More
I see China as the center of the greatest bubble period in modern history.The emerging world has been on an urbanization tear, especially since 1980, and China has led the way!Continue...Read More
The perfect storm of zero percent interest rates that existed concurrently with a debt-disabled economy lured executives at major corporationsContinue...Read More
The latest metal markets news and price moves to start the North American day on Tuesday December 18.Base metals on the London Metal Exchange were lower across the board during morning trading on Tuesday December 18, with a broad sell-off across the complex capping prices and another fresh inflow of over 57,000 tonnes of aluminium restricting price action.After more than 104,000 tonnes of aluminiu...Read More
10 year yields hit a nearly 4 month low today in the latest sign that the U.S. economy may be headed for trouble. Continue...Read More