Thursday, 19 September 2019

Bull Market Weekly Update: A Predictable Pullback



Wednesday, 18 September 2019

Bitcoin, Silicon Valley, and The Future of Money


Outspoken bitcoin bull and noted Silicon Valley investor Tim Draper joins Thiel Macro’s Mike Green for a discussion on how the worlds of venture capital and crypto are colliding. 

The two investors also discuss crypto's potential impact on fiat currency, and the ways in which new rules and regulations could alter the future of trading.

Tuesday, 17 September 2019

Will Central Banks Use QE to Prevent a Liquidity Crisis?


Michael Howell, founder and managing director of Crossborder Capital, joins Real Vision to talk about his views on global liquidity and capital flows. 

He says that the global economy is sputtering, and that central banks will have to reengage in quantitative easing in order to inject liquidity into markets. Howell argues that this will ultimately lead to rallies in equities, gold, bonds and bitcoin.

Monday, 16 September 2019

Saturday, 14 September 2019

Binyamin Appelbaum: The Problem With Modern Economics


Why do we have the economic policies we do today? These policies drive decision-making on Capitol Hill, corporate boardrooms, and on Wall Street. 

But who made them, why, and how did they come about? And how well are they serving us? 

Binyamin Appelbaum has made these questions the focus of his new book The Economists' Hour: False Prophets, Free Markets and the Fracture of Society, which shines a bright light on the rise of modern Economics and its dominating influence on society. 

From anti-trust law to central banking, Appelbaum explains how Economics has evolved (metastasized?) into its current form, where the solutions it now offers may be no better (and possibly substantially worse) than the problems it's designed to address.

- Source, Peak Prosperity

Friday, 13 September 2019

Kyle Bass on China's Major Risks and Opportunities


Legendary investor Kyle Bass, the founder of Hayman Capital, joins Real Vision’s Grant Williams for a deep dive into China. 

From shifting capital flows around the world to the threat of China devaluing the yuan, these two discuss threats and opportunities that China presents investors now.

Thursday, 12 September 2019

The Era Of Central Banks Pushing The Economy Forward Is Ending


Today's guest, Charles Hugh Smith, shares his thoughts on how capitalism as we have know it is being challenge

During our discussion he shares his thoughts on how monetary policy makes it hard for citizens to save and invest because there's now a problem with then earning little to no interest.

- Source, Silver Doctors

Wednesday, 11 September 2019

Why the Fed is stuck between a rock and a hard place


The world has seen a “paradigm shift” where nothing is the same as before, and the Fed has difficult choices to make, says Will Rhind, CEO of GraniteShares. 

“On the one hand you could make the case for, which obviously the president would make, that yes, interest rates are too high and it’s now against the backdrop of almost zero if not zero or negative rates in other countries and the U.S. is at a competitive disadvantage. 

On the other hand, you could say that even now with the rates coming down, the rates are still very, very low by historical standards and it’s still a nightmare for savers and for anybody that’s looking for income in the market,” Rhind told Kitco News.

- Source, Kitco News

Thursday, 5 September 2019

Silver Looking Good But What Will it Take to Hit $50?


It may take another miracle to hit $50 an ounce for silver, said Todd Horwitz, chief strategist of BubbaTrading.com, but another analyst offers a different view. 

“I think it’s going to be more of an organized rally but you never know. Once the big money comes into these markets, these markets really move. We saw quite a bit of funds flow into platinum, platinum’s up $35 today, and that’s a smaller market,” said Phil Streible, senior market strategist of RJO Futures. 

Streible added that while a parabolic move for silver may occur, he doesn’t see it happening quite yet.

- Source, Kitco News

Wednesday, 4 September 2019

USA Watchdog: Bad Guys Won't Be Allowed to Keep Stolen Wealth


Federal Reserve watcher Wayne Jett wrote about the Fed, “The Fruits of Graft,” and says the bad guys are not going to be able to keep all the vast wealth that has been stolen out of the United States. 

Trump signed an Executive Order in December 2017 that allows the Treasury to freeze assets of people engaged in “human rights abuse and corruption.” Jett thinks this is a way to cushion the fall for the masses in turbulent political and economic times. 

Jett explains, “There has been a great deal of theft of gold at various levels. There has also been a great deal of fortunes built in such things as the drug trade and all of which relates to the corruption of the Executive Order you and I spoke about.

It was signed in 2017 to declare a national emergency related to human trafficking and corruption. I think a great deal of wealth has been confiscated or at least frozen.

That wealth is frozen and subject to confiscation. Our military has, I think, been used to recover large amounts of stolen gold. 

We have to wait and see how successful President Trump has been in making recovery of assets.”

- Source, USA Watchdog

Tuesday, 3 September 2019

Ron Paul: Delusions of Grandeur, Socialism is A Fool's Errand


It's hard enough to plan and manage one's own individual life, is it not? It's foolish to think you can even plan the life of another single individual... 

You can't!... 

But to believe that you can plan the lives of hundreds of millions of people? This is a complete fantasy!

- Source, Liberty Report

Sunday, 1 September 2019

Euro zone inflation unchanged in August, more ammo for ECB to ease monetary policy


Euro zone inflation remained low at 1.0% in August, well below the European Central Bank’s target, a first estimate showed on Friday, bolstering market expectations that the bank will further ease monetary policy next month.

The European Union’s statistics office said on Friday that inflation in the 19 countries sharing the euro was unchanged from the July reading, in line with expectations in a Reuters poll.

The rates of price increases in July and August are the lowest since November 2016, well below the ECB’s inflation target of below, but close to, 2% despite years of unprecedented monetary stimulus through rate cuts and trillions of euros of bond purchases.

Economists said the latest economic data strengthened the case for further loosening monetary policy.

“There is nothing in today’s data releases to change the minds of ECB policymakers meeting the week after next: we still expect them to cut the deposit rate from -0.4% to -0.5% and to provide further strong hints that more QE is on the way,” Capital Economics’ Andrew Kenningham wrote in a note.

The ECB’s Governing Council holds its next monetary policy meeting on Sept. 12 and has all but promised a stimulus package, with economic growth faltering amid a global trade war and Germany’s manufacturing sector already in recession.

Market expectations are that it will carry out several interest rate cuts in the coming year, along with a fresh round of bond purchases, commonly known as quantitative easing.

The ECB’s measures are also set to include a way to compensate commercial banks for the side effects of negative interest rates.

Core inflation, which strips out volatile unprocessed food and energy and which the ECB scrutinises in policy decisions, was steady at 1.1% in August.

The even narrower measure excluding also alcohol and tobacco prices that many market economists look at was unchanged at 0.9%.

Eurostat’s flash estimate for the month does not include a monthly calculation.

The low overall level of inflation strengthens the case for a package of ECB measures to support the economy and faster inflation.

The ECB’s problem is that inflation has undershot its target since 2013 despite a lengthy economic boom, which saw the creation of over 10 million jobs.

Such an expansion should have fuelled inflation already but hidden slack in the labour market, the growing share of services in the economy and the population’s ageing, all kept a lid on price growth.

While the bank has argued that inflation would eventually come, it has already exhausted much of its firepower and now faces economic turbulence with a relatively depleted arsenal that could force it to once again to reinvent its policy toolkit.

The ECB is also facing the added difficulty that much of the current economic weakness is due to external factors, such as Brexit, a trade war and China’s own slowdown, against which monetary policy is largely ineffective.

While the ECB is unlikely to admit that the current troubles are outside its control, economists say that the best it can hope for is to prop up confidence and preserve already favourable financing conditions...

- Source, Reuters

Saturday, 31 August 2019

Credit Crunch in India: This is Why We Own Silver and Gold


Let's not forget that it's the East that is the biggest source of silver and gold investment demand.

- Source, Silver Fortune

Friday, 30 August 2019

Real Vision: Is China Friend, Rival, or Adversary?


Kyle Bass sits down with Graham Allison, professor of government at the Harvard Kennedy School, for a master class in geopolitics, economics, and history. 

These titans tackle the issue of China’s evolving role on the world stage through the juxtaposition of cultures, governments, and technology.

- Source, Silver Fortune

Thursday, 29 August 2019

Ron Paul’s Prediction: Where Does Gold Go From Here?


The United States has become the poster child for why governments and central banks should never, EVER, be granted a monopoly on creating money. 

Gold has been the ultimate money for approximately 6,000 years and the U.S. government has proved, without a question of doubt, as to why this is so. 

Gold is not money do to any man-made laws. Gold is money despite man-made laws, and is a product of the voluntary marketplace. 

Ron Paul has some predictions for gold that you don’t want to miss.

- Source, Ron Paul

Wednesday, 28 August 2019

Richard Sylla: The Economics Of Time


Richard Sylla is a Professor Emeritus of Economics and the former Henry Kaufman Professor of the History of Financial Institutions and Markets at New York University Stern School of Business. 

He teaches courses in financial history, economic and business history of the United States, and comparative enterprise systems. Today he joins the commentary to discuss: Interest rates are the trade off between the future & the present. 

This repressed interest rate season is unlike anything in 4,000 years. Modern Monetary Theory takes inflation far too casually.

Tuesday, 27 August 2019

Keith Neumeyer: Silver Doubters Will Be Wrong


Silver has always been a laggard of gold, and eventually, it will catch up to the yellow metal, this according to Keith Neumeyer, CEO of First Majestic Silver. 

“’That’s what you’d expect in the early days of a bull market. As this bull market continues to move along and gets some legs behind it and people actually start believing we’re in a bull market because I actually believe there’s still a lot of doubters out there and silver will pick up the pace and start outperforming gold,” Neumeyer told Kitco News.

- Source, Kitco News

Monday, 26 August 2019

John Adams: Australian Cash Grab Coming to US?


Attention Reluctant Preppers: Australian economist and watchdog in the interest of the people, John “Uppercut” Adams, returns to Reluctant Preppers in an exclusive premier interview to break open the scandalous law about to be rushed through the parliament in Australia without proper public informed consent to OUTLAW ANY CASH TRANSACTIONS over $10K. 

At the same time, the next stage of anticipated central bank Negative-Interest Rate Policy (NIRP) threatens to openly confiscate up to 5% of our savings every year, brazenly baring the next phase of the greatest transfer of wealth the world has ever seen, to destroy the middle class.

Thursday, 22 August 2019

Rob McEwen: Hold On for What's Ahead for Gold


Chairman and 22 percent owner of McEwen Mining Rob McEwen said in an interview with the Investing News Network that he expects gold to go further in 2019. 

“I think we’re going to be going higher than where we are. There’s a chance it could be pushing up into the US$1,700s for this year,” he said at the Sprott Natural Resource Symposium in Vancouver. 

He also said that silver was in for a ride as well: “There’s a fairly high correlation between silver and gold. So when gold’s moving, silver’s moving.”

Wednesday, 21 August 2019

Jeff Gundlach: Will Corporate Bonds Cause the Next Recession?


In this wide ranging interview with Grant Williams, Jeff Gundlach, the founder and CEO of Double Line Capital, provides his valuable insights on the dollar, the explosion of the corporate bond market, and the rise of ETFs and passive strategies. 

He also touches on politics, weighing in on what “wealth tax” proposals will mean for the 2020 election.

- Source, Real Vision

Tuesday, 20 August 2019

John Kaiser: Massive Repricing to Take Gold as High as US $3000


At this year’s Sprott Natural Resource Symposium in Vancouver, the Investing News Network sat down with John Kaiser of Kaiser Research to talk about the surge in gold prices and investing during the current season.

In the last few years, China’s leadership has gone toward more of a totalitarian model, so the chance of China becoming like the western world has diminished,” he said. 

“Trump has picked up on this, and he has accelerated the showdown because it is clear that China wants to eclipse America.” 

For Kaiser, all that means there’s going to be a period of uncertainty coming, with gold prices receiving support as a consequence.

- Source, Investing News

Saturday, 17 August 2019

Golden Rule Radio: Gold Above $1500 As Stocks See BIG Volatility


We’re right back where we were in 2006 and 2007 when it comes to inflation circumstances and market conditions… Consumers are more in debt than they ever have been before. 

The stock market (leading into an election year) is now looking like it did back in 2006/2007. Gold has risen over 20% in just 3 months, now over $1500. Silver is pushing up as well. 

We look at the price movements of platinum, palladium, oil, the us dollar, and more. 

Geopolitical tensions are high as the tariff talks stall, Hong Kong protests see more violence from the riot police, Iran scrambles ship radars and disguises their ships, and negative interest rates are being deployed at certain banks in Europe.

Friday, 16 August 2019

Michael Pento: Confidence in Central Banks is Obliterated


Economist and money manager Michael Pento says, 

“We have gone from 100% confidence in central banks in 2009. 

That notion has been completely eradicated, eviscerated and obliterated. 

The faith in central banks, European Central Bank, Bank of Japan and the Fed is almost completely gone. 

If you want proof, look at the dollar price of gold, and look at the price of gold in all other currencies around the world that it is measured in.”

Join Greg Hunter as he goes One-on-One with money manager Michael Pento.

- Source, USA Watchdog

Thursday, 15 August 2019

And Now The Currency Threat...


We look at the markets overnight and the implications of the currency momentum in play.

- Source, Walk the World

Tuesday, 13 August 2019

Ron Paul: Grave Danger Of China Collapse


Trade war with US, Hong Kong protests showing no signs of slowing - is China on the verge of a collapse? If the collapse does come, what next? Are America's fingerprints on the protests, as China claims?

- Source, Ron Paul

Monday, 12 August 2019

Peak Prosperity: The Hard Truth


Why hard assets are so important given the current state of global markets.

"It’s very easy to get sucked into the mini dramas playing out across our digital screens. Trump Tweeted this while the stock market did that. 

Uh oh! Somebody’s experiencing something awful, or having a stroke of great fortune. 

Hey, look: Kittens! Watching CNN often feels like the inept product of a university committee that sought to create a program of sensitivity training for adult sufferers of acute ADHD. 

After just five minutes you know what it’s like to be trapped in a brain that’s distracted part way through every thought pattern and cannot maintain enough attention to form a coherent sequitur

However, if we set these entirely useless distractions aside it’s quite apparent that something big is going on. And it’s not positive."

- Source, Peak Prosperity

Sunday, 11 August 2019

Hold Off on Hopes of More Fed Cuts Later, Said Expert


The Federal Reserve is expected to cut rates for the first time since 2008 at this week’s meeting but is likely to pause the rate cut cycle after that, this according to Peter Boockvar, CIO of Bleakley Advisory Group. 

“It’s usually not just one cut, it’s usually the beginning of a rate cutting cycle, and they’re hoping for more, but I don’t think the Fed is initially going to give the market any tilt in that direction just yet,” Boockvar told Kitco News.

- Source, Kitco News

Saturday, 10 August 2019

Charles Nenner : New Gold Bull Market $2500 AT LEAST


Last time Renowned geopolitical and financial cycle expert Charles Nenner was on USAWatchdog.com, he said “gold was going up” and “interest rates were going to continue to fall.” 

He was correct and says those two trends are going to continue. Nenner says, “We are in a new bull market in gold, and the price is headed to at least $2,500 per ounce.

The stock market is going to continue to go down over the next 2 ½ years.” Nenner is standing by his call he’s had in place for years for a “bottom in the DOW at 5,000.” Nenner is not backing off that call one bit. So, you’ve been warned.

- Source, USA Watchdog

Friday, 9 August 2019

Bill Murhphy: Gold is Behaving Like I've Never Seen Before...


When Bill Murphy, legendary crusader for the truth on gold, and co-founder of the Gold Anti-Trust Action Committee (GATA.org,) declares that gold is behaving differently than he has ever witnessed in his decades of studying the precious metals markets and manipulations, those wanting to be aware and prepared would do well to sit up and take notice.

Thursday, 8 August 2019

The Wolf Report: Is the Everything Bubble Ripe Yet?


Suddenly, I mean the signs had been everywhere for a long time and “suddenly” doesn’t really apply, the whole house of cards came tumbling down.

- Source, The Wolf Report

Wednesday, 7 August 2019

The Biggest Bubble Ever: The Burst Will Be A Disaster


Extreme spending... extreme debt... extreme welfare... extreme militarism... extreme Socialists... extreme Cronyism... 

All at same time! The biggest bubble to ever exist is heading for disaster.

- Source, Ron Paul

Tuesday, 6 August 2019

Max Keiser: Bitcoin Will Outperform Everything Including Warren Buffett


Max Keiser of the Keiser Reports Talks the Real Deal on Bitcoin – Which he says is going to crush the U.S. dollar and "blow the roof" off of every bank in America. 

With bitcoin rebounding from the lows in early 2019 to more than $11,000 a coin, we take a look at Keiser's comments about the next bitcoin rally.

- Source, Kitco News

Sunday, 4 August 2019

Hedge Fund Legend Ray Dalio On the State of the Economy


Ray Dalio is the founder and co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world. Dalio is sharing his template for understanding debt crises, which he says helped him and his fund foresee and navigate the financial crisis.

- Source, Business Insider

Saturday, 3 August 2019

Could The FED be Wrong About the Rate Cut?


The Federal Reserve may not need to be cutting rates in today’s market environment, said Peter Tuchman, NYSE trader of Quattro M Securities. 

“The market is trading at record highs. Does it need a stimulus now? So, basically, economic data that’s coming out right now doesn’t seem like it should be pointing in that direction. 

It seems that for the first time in many, many years, it’s a decision based on forward looking sentiment,” Tuchman told Kitco News.

- Source, Kitco News

Friday, 2 August 2019

Global Economy Braces for a Fresh Trade Blow


Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

The global economy, already forecast to post the weakest growth since the financial crisis, is bracing for a fresh blow with Donald Trump’s latest threat to ratchet up his tariff war with China.

The U.S. president’s abrupt announcement Thursday of 10% levies on $300 billion of Chinese goods -- expected to include smartphones, computers and clothing -- raises the risk of a global recession, testing the ability of central banks to prevent it with the limited monetary policy ammunition they have.

Trump’s threat came a week after the International Monetary Fund further lowered its global growth outlook and suggested that policy “missteps” on trade and Brexit could derail a projected rebound. And it was just one day after Federal Reserve Chairman Jerome Powell flagged tariff tensions as a reason for the central bank’s first interest-rate cut in more than a decade, mentioning the word “trade” more than two dozen times during his news conference.

“The trade war between the U.S. and China is going to lead to slower growth in both of them,” said Jay Bryson, acting chief economist at Wells Fargo & Co. “You get a little bit concerned because central banks around the world generally don’t have as much conventional ammunition to respond to a big slowdown as they did in other sorts of cycles.”

Treasury yields plummeted Thursday on the trade news, while U.S. stocks headed for their biggest weekly drop since May. The dollar extended losses.

After Trump’s tweets announcing the new tariffs, the president told reporters that the 10% levy “is for a short-term period and then I can always do much more or I can do less depending on what happens with respect to a deal.” The tariffs could eventually rise to 25% or even higher, he said.

What Our Economists Say

“An escalation of the U.S.–China trade war piles downward pressure onto an already-slowing global economy and raises the chances of further monetary stimulus. If higher tariffs go into effect, chilling business confidence and hobbling market sentiment, we’d anticipate a further 75 basis points in rate cuts from the Fed by year-end, with the People’s Bank of China moving in the same direction.”-- Tom Orlik and Carl Riccadonna, economistsClick here to read the full note.

Hours before Trump’s comments, IMF acting chief David Lipton told CNBC that the global economy is “fragile” and that “it makes sense for the central banks of the world to remain accommodative.”

Morgan Stanley analysts said in a note that a U.S. recession is likely within three quarters if the planned 10% tariffs on $300 billion of goods increase to 25% and remain for four to six months. That’s because about two-thirds of the merchandise consists of consumer goods and autos and parts, which have the potential for greater economic impact than the prior U.S. levies.

“This raises the risk of a recession in the U.S.,” said Ryan Sweet, head of monetary-policy research at Moody’s Analytics Inc. “Consumer confidence is still high but business confidence has really fallen sharply since trade tensions have escalated. Trade uncertainty is on top of businesses’ mind. I’m more and more concerned you will start to see businesses cut back on workers.”

Trump’s announcement came just before the Labor Department’s payrolls report Friday, which is forecast to show job gains moderated to a still-solid 165,000 in July from 224,000 as the unemployment rate declined back to a half-century low of 3.6%. The payroll forecast echoes expectations for a gradual deceleration in the labor market, rather than a sharp decline.

“While the direct impact of these tariffs (if imposed) will be modest, they have the potential to hurt global growth more substantially through a negative impact on already weak business sentiment,” JPMorgan Chase & Co. analysts Joseph Lupton and Olya Borichevska said in a note.

Key to the global growth outlook will be the reaction of major central banks. Deutsche Bank Securities Chief U.S. Economist Matthew Luzzetti and his colleagues said in a note that Trump’s move increases the chances that the Fed will reduce rates by a half point next month.

- Source, Yahoo Finance

Thursday, 1 August 2019

How Close Is China To A Financial Crisis?


China haters have been waiting for a financial crisis out of China since at least the early 2000s. Each and every time, the People’s Bank of China’s plunge protection team or the central planners in Beijing would throw buckets of ice water on their heads.

This time might be different. This time they are dealing with a trade war.

Most investment banks have some proprietary model that gives their fund managers a gauge on crises. For Nomura Securities, no country is flashing red more than China.

“China has the second-highest number of flashing early warning indicators after Hong Kong,” says Rob Subbaraman, an Asia economist for Nomura in Singapore. Months of protests against an stalled prisoner extradition bill with China have turned into protests against the Hong Kong government, with the very real possibility of the U.S. doing away with its special trade relationship with Hong Kong. If that ever happened, the Hong Kong dollar would no longer be a de facto source of U.S. dollars for mainland China, assuming Washington included Hong Kong in its mainland China tariff regime.

Chinese policymakers need to guard against a renewed build-up of financial stability risks, Subbaraman says.

Out of 60 early warning indicators flashing on Nomura’s Cassandra risk assessment program, Hong Kong has 49 covered. China has 25. The U.S. has precisely zero.
- Source, Forbes

Wednesday, 31 July 2019

Race to the Bottom: What to Expect as the Fed Eases


With the Federal Reserve all but certain to cut interest rates multiple times in the months ahead, central bankers are engaged in a race to the bottom.

As negative interest rates expand in Japan and across Europe, as long-term bond yields in the U.S. plummet, and as President Donald Trump continues to talk tough on trade, the Fed has little choice but to cut.

President Trump has effectively declared a currency war – and enlisted a reluctant Fed to help him fight it. He is convinced that lower interest rates will boost the economy and that a lower dollar will boost U.S. producers in international trade.

Over the past year, Trump has inserted himself into monetary policy matters almost to the point of obsession.

He has berated Fed chairman Jerome Powell, his own appointee, on a regular basis and conferred with White House counsel about removing or demoting him from the Board of Governors. In June, one of his Twitter rants likened the Fed to “a stubborn child” for refusing to undo its 2018 rate hikes.

Trump even went after European central banker Mario Draghi, calling his pro-stimulus (weak euro) policies “unfair” to the United States.

Central bankers insist they aren’t moved by political pressure. Regardless of how true that may or may not be, they ultimately are moved by pressures in the economy and financial markets – which, in turn, are moved by politics.

Fed’s “Symmetric” Inflation Targeting Is Code for Accelerating the Dollar’s Debasement

The question for investors is: Which asset classes will come out on top as the U.S. shifts toward monetary easing?

Heading into the summer, we saw an “everything” rally. Stocks, bonds, precious metals, and even cryptocurrencies all rallied simultaneously.

In late June, gold prices broke out to a 6-year high above $1,400/oz. The S&P 500 traded back up to a new all-time high.

It’s unusual for the Federal Reserve to begin a stimulus campaign with the stock market already juiced. The Fed’s historical habit is to wait until markets break down and recession indicators flash before coming to the rescue.

This time is different.

What appears to be driving central bankers’ preemptive dovishness is their belief that inflation is not only tame, but too low.

They want to push inflation rates higher, above even their stated 2% target for a prolonged period.

Jerome Powell and his fellow Fed Governors have a term to describe their push for above-2% inflation: “symmetric” inflation targeting. By “symmetric” they mean that periods of low inflation should be countered with periods of higher inflation (accelerated currency debasement).

According the Fed’s preferred “core” inflation indicator (which understates some aspects of realworld cost increases), we’ve spent a lot of time running below target in recent years.

Investors are buying long-term bonds with yields that imply inflation will be contained by the Fed at or below target for years to come.

But if inflation starts rising above 2% and the Fed fails to keep it within its symmetrical objective, real losses on bonds and other interest-rate-sensitive assets could be asymmetrical in nature.

On the flip side, inflation risk has been so heavily underpriced by markets that even a slight return of inflation fears has the potential to drive hard assets dramatically higher...

- Source, FX Street

Tuesday, 30 July 2019

Ron Paul: Is Biden Worse Than Pompeo On North Korea?


Democratic presidential candidate Joe Biden has repeatedly slammed President Trump over his ongoing diplomatic outreach to North Korea, claiming that the move just gives legitimacy to a dictator. 

He has been joined by several other Democratic candidates in this attack. Why are the Democrats trying to out-neocon even neocons like Pompeo when it comes to diplomacy versus.

- Source, Ron Paul

Monday, 29 July 2019

Ted Butler: Mind Boggling Physical Silver Flows Into ETFs


What "whale" is behind the recent unprecedented buying of silver futures to build a record concentrated position? 

This massive hedge has spurred feverish speculation that it reveals pre-positioning by a huge player in anticipation of a major wave of physical silver buying that could drive the price vastly higher. 

Now, a new revelation of "mind-boggling" recent accumulation of physical silver in response to cash inflows into ETFs begs the question of whether we are witnessing the fulfillment of the anticipated bullion grab. 

Are these separate events really connected as phases of a master plan? Silver market analyst Ted Butler of ButlerResearch.com returns to Reluctant Preppers to report a new development in this unprecedented mystery. 

Butler declares that the "whale" is more likely to be an insurance or hedge fund converting COMEX futures contracts into physical silver via ETFs.

- Source, Reluctant Preppers

Sunday, 28 July 2019

Jerry Robinson: We Have a Completely Fake Economy...


Today's guest, Jerry Robinson, shares his thoughts on how the global dominance of the USA is fading fast. 

He mentions that the current economic environment will not end well and he's concerned that citizens in America are not prepared for the changes ahead.

- Source, Silver Doctors

Saturday, 27 July 2019

The Coming Collision Between Peak Gold and Quantitative Easing


After the upcoming rounds of QE, will central banks abusing NIRP have destroyed the reputation of bonds as a “safe haven,” and will gold become the ultimate destination for a flight to safety? 

With the gold mining industry emerging from a decade of neglected investment in discovery, are we truly “past PEAK GOLD?” If so, how will that likely drive the price of gold (and gold mining stocks) going forward? 

Gold mining industry insider, Warwick Smith, CEO of USGD American Pacific Mining Corp, visits Reluctant Peppers for the first time, to lay out his perspective on how the collision of these mega-trends plays out for bonds, gold, and the surprising alliances of well-funded mid-tier mining companies with agile junior miners in the months ahead!

Friday, 26 July 2019

Trump is Right, the Fed is Lost and It Will Get Ugly, Says Ron Paul


The current monetary system is broken, and the economy may be worse before it gets better, said former congressman Ron Paul. 

“It’s a system that isn’t workable, and this is the reason why getting out of this recession hasn’t been so good. 

We got into it because there was too much spending, too much regulation, too much printing money and too much alteration of interest rates,” Paul told Kitco News.

- Source, Kitco News

Thursday, 25 July 2019

David Hunter: I’m Calling for $1500 Plus Gold and $26 Silver


David is sticking to his target of $1550-$1600 for gold, which he predicts will be reached around Labor Day. For silver, he feels that $26 is still a definite possibility. 

He says, “When people become more interested in gold silver will head higher. Silver usually underperforms on the downward moves in gold and outperforms when gold rallies.” 

He feels that the markets are heading for another unwinding event similar to 2008, and that is likely to occur early next year.

- Source, Palisade Radio

Wednesday, 24 July 2019

Michael Oliver Provides Commentary on Gold and Key Markets


Jay introduces the guests and sponsors for the day’s program and Michael Oliver provides his most recent commentary on gold and other key markets.

- Source, Jay Taylor Media

Tuesday, 23 July 2019

Silver's Price Action Looking Good: Beware of the Silver Whales


Jason talks about the silver market and how silver price action has improved the last month with silver now back above $16/oz at $16.23. 

Despite silver's strong rally lately, the gold:silver ratio is still at 1:~88!

Monday, 22 July 2019

How High Can Silver Go? Are Banks Still In Control Of Prices?


Gold & silver are on the move, but are the banks still in control of the "markets", and if so, or if not, where will the banks try to put extra pressure on silver prices? Craig has the answers to those questions and a whole lot more...

- Source, Silver Doctors

Sunday, 21 July 2019

Lynette Zang And The "Great Reset"


I discuss the "Great Reset" with ITMTrading's Chief Analyst Lynette Zang.

- Source, Walk the World

Saturday, 20 July 2019

Gold Settles at Six Year high, Extends Rally in Electronic Trading


Gold futures notched a fresh six-year high on Thursday, then extended their gains into the electronic trading session on the back of dovish comments from a Federal Reserve official, worsening tensions in the Middle East and a drop in the dollar.

“News of the U.S. Navy shooting down an Iranian drone always adds fuel to the market, but the underlying buying momentum after a break of the $1,425 area has propelled gold back to the next big challenge,” the $1,450 area, Peter Spina, president and chief executive of GoldSeek.com, told MarketWatch late Thursday afternoon.

He also pointed to speculation in the market that a “large supranational organization” is acquiring all ounces of gold produced in North America, citing a tweet from Roy Sebag, founder of GoldMoney.

Traders also saw comments from New York Fed President John Williams as endorsing an interest-rate cut at the Federal Reserve’s policy meeting later this month.

August gold trading GCQ19, +0.01% was at $1,448 an ounce in electronic trade Thursday at 4 p.m. Eastern time. The contract had tacked on $4.80, or 0.3%, to settle at $1,428.10 an ounce on Comex after climbing by 0.9% on Wednesday. The latest settlement was the highest for a most-active contract since May 13, 2013, FactSet data show.

Gold “worked off its ‘overbought’ conditions through time,” said Fawad Razaqzada, technical analyst at Forex.com. “The underlying trend is bullish for both [silver and gold], due to the falling government bond yields and the recent struggles for the dollar and stocks.”

“As things stand, these are good times for buck-denominated and noninterest-bearing precious metals,” he said in a market update.

In electronic trading late Wednesday afternoon, prices took a leg slightly higher shortly after the Beige Book showed that trade U.S.-China tensions were continuing to buffet businesses in the Federal Reserve’s districts.

Gold was “re-energized” by the Beige Book’s “general references to ‘modest’ growth and ‘stable to down’ inflation pressures,” said Brien Lundin, editor of Gold Newsletter, in comments to MarketWatch late Wednesday. “In short, nothing in the report seemed likely to derail the Fed’s plans for a rate cut at their upcoming meeting. This will complete the Fed’s dramatic turn-around from hawk to dove and will be extremely supportive of higher gold prices.”

Jeff Wright, executive vice president of GoldMining Inc., however, warned that “gold will tank” if the Fed doesn’t announce a rate reduction at the end of July.

On Thursday, the U.S. dollar DXY, +0.33% was down nearly 0.1% at 97.132 as gold futures settled, then dropped to 96.704 by the U.S. stock market close. The 10-year Treasury note TMUBMUSD10Y, +1.36% moved down to yield 2.0254% at the stock market close. Both had traded lower on Wednesday. Fading bond yields and a weaker dollar tend to encourage bids for bullion.

Meanwhile, comments from Bridgewater Associates founder Ray Dalio also helped to boost values for precious metals. Dalio wrote in a LinkedIn blog that an environment of central-bank policy easing and negative interest rates in much of the developed world may be a felicitous backdrop for gold gains, adding that it could both be “risk-reducing and return-enhancing to consider adding” the yellow metal as a “portfolio diversifier.”

“While many investors don’t like gold as an asset class given that it doesn’t provide any yield, at one point it may be a necessary portfolio diversifier especially when bonds of developed economies no longer provide a reasonable return,” wrote Hussein Sayed, chief market strategist at brokerage FXTM about Dalio’s comments.

Separately, silver prices climbed to their highest in more than a year.

September silver SIU19, -0.20% added 22.7 cents, or 1.4%, to end at $16.198 an ounce, representing the latest in a series of sharp gains for gold’s sister metal. Most-active contract prices finished at their highest since June 29, 2018, according to Dow Jones Market Data.

“In the short term, the silver market has become the leadership market with yet another sharp range up extension [Thursday] and a return above the psychological $16 level,” analysts at Zaner Metals, wrote in a note.

Among other metals, September copper HGU19, +1.37% settled at $2.71 a pound, down less than a cent, or 0.2%. October platinum PLV19, +0.40% added $2.80, or 0.3%, to $849.90 an ounce, while September palladium PAU19, -0.54% fell $31.30, or 2%, to $1,511.90 an ounce.

Exchange-traded fund SPDR Gold Shares GLD, -1.30% edged up by 0.04%.

- Source, Market Watch

Friday, 19 July 2019

Wolf Street Report: The True Victims of Inflation


Who are the true victims of inflation and who are the winners? On whose side are the Fed and the media?

Thursday, 18 July 2019

Gold Tier 1 Asset Price Strength vs Silver


Silver & Gold both had positive week’s in fiat US dollar spot price action up a percentage point or two respectively since last week's closes. 

The silver spot price ended the week around the $15.25 per troy ounce mark. While the gold spot price finished the week around the $1,415 fiat Federal Note per troy ounce mark. 

The gold-silver ratio is still hovering around 30-year highs, closing the week near 93 ounces of derivative silver to acquire 1 ounce of derivative spot price gold. 

This week we welcome a new guest to this silver and gold podcast. 

Hear why this long-time gold trader believes the yellow precious monetary metal has been trading stronger than fiat silver prices of late, and how long he thinks this trend may continue along for. 

As well, what are some catalysts that might change the pattern? We also touch on the Gold-Silver Ratio, where it may go and why. 

A long-time commodity trader, Mr. Vince Lanci of Echobay Partners, speaks with us.

- Source, Silver Doctors

Wednesday, 17 July 2019

Jeff Berwick: Crypto from Beginning to the End Game


Topics include: being early into the crypto space, accepting diverse opinions without hating, who is Satoshi Nakamoto, origins of The Dollar Vigilante, hearing about Bitcoin for the first time, crypto and Anarchapulco, picking the top of the market, crypto vs gold and silver, silver price suppression, if you don't hold it you don't own it, unregulated crypto with decentralized exchanges (DEX), handling crypto securely, fractional reserve lending, Facebook's Libra coin, a global currency? the heart of Anarchapulco.

- Source, Dollar Vigilante

All Hell is Going to Break Loose: Silver is Going to Skyrocket

With silver rallying while gold continues to consolidate, is the price of silver about to skyrocket? Plus “All hell is going to break loose.”

“All Hell Is Going To Break Loose”

Peter Schiff: “Our entire way of life has been built on the privilege of issuing the world’s reserve currency. And when the dollar loses that status, all hell is going to break loose here in the US.”

ECB Balance Sheet Expanding Again

Holger Zschaepitz: “ECB balance sheet resumes uptrend. Rose by €6.9bn as QE reinvestments > QE redemptions. Now at €4,684.4bn, just shy of a fresh high, and equal to 40.4% of Eurozone GDP vs Fed’s 18.1% and Bank of Japan’s 102.2%. (See chart below).

ECB Balance Sheet Expanding Again


Silver Breakout:

Lawrence McDonald, Former Head of Macro Strategy Society Generale: “Silver making its move on gold, copper, and nickel as well. Capital is flying into reflation bets, Mr. Powell has his hands full. (See chart below).

Capital Flying Into Reflation Bets As Silver Breaks Out:


Silver May Be Set To Skyrocket

Peitro Di Tora, Analyst & Global Macro Investment Strategist: “Silver keeps following fractal from sharp move up 1970-73. History always repeats itself. True silver bull market classic signals supporting the breakout: 

1) Silver miners start to outperform and push Silver up. 

2) Silver strongly outperforming Gold and USD on the move up.

- Source, King World News, Read More Here

Bank Run Accelerates: Deutsche Bank Clients Are Pulling $1 Billion A Day, Lehman 2.0

There is a reason James Simons' RenTec is the world's best performing hedge fund - it spots trends (even if they are glaringly obvious) well ahead of almost everyone else, and certainly long before the consensus.

That's what happened with Deutsche Bank, when as we reported two weeks ago, the quant fund pulled its cash from Deutsche Bank as a result of soaring counterparty risk, just days before the full - and to many, devastating - extent of the German lender's historic restructuring was disclosed, and would result in a bank that is radically different from what Deutsche Bank was previously (see "The Deutsche Bank As You Know It Is No More").

In any case, now that RenTec is long gone, and questions about the viability of Deutsche Bank are swirling - yes, it won't be insolvent overnight, but like the world's biggest melting ice cube, there is simply no equity value there any more - everyone else has decided to cut their counterparty risk with the bank with the €45 trillion in derivatives, and according to Bloomberg Deutsche Bank clients, mostly hedge funds, have started a "bank run" which has culminated with about $1 billion per day being pulled from the bank.

As a result of the modern version of this "bank run", where it's not depositors but counterparties that are pulling their liquid exposure from DB on fears another Lehman-style lock up could freeze their funds indefinitely, Deutsche Bank is considering how to transfer some €150 billion ($168 billion) of balances held in it prime-brokerage unit - along with technology and potentially hundreds of staff - to French banking giant BNP Paribas.

One problem, as Bloomberg notes, is that such a forced attempt to change prime-broker counterparties, would be like herding cats, as the clients had already decided they have no intention of sticking with Deutsche Bank, and would certainly prefer to pick their own PB counterparty than be assigned one by the Frankfurt-based bank. Alas, the problem for DB is that with the bank run accelerating, pressure on the bank to complete a deal soon is soaring.

Here are the dynamics in a nutshell, (via Bloomberg): Deutsche Bank CEO Christian Sewing is pulling back from catering to risky hedge-fund clients, i.e. running a prime brokerage, as he attempts to radically overhaul the troubled German lender while BNP CEO Jean-Laurent Bonnafe wants to expand in the industry. A deal of this magnitude would be a stark example of the German firm’s retreat from global investment banking while potentially transforming its French rival from a small player in the so-called prime-brokerage industry to one of Europe’s biggest.

Of course, publicly telegraphing that DB is in dire liquidity straits and needs an in-kind transfer of its prime brokerage book would spark an outright panic, and so instead the story has been spun far more palatably, i.e., "BNP is providing “continuity of service” to Deutsche Bank’s prime-brokerage and electronic-equity clients as the two companies discuss transferring over technology and staff", according to a July 7 statement. The ultimate goal of the talks is for BNP to take over the vast majority of client balances, which are slightly less than $200 billion currently.

There is just one problem: nothing is preventing those clients who would be forcibly moved from a German banking giant to a French banking giant from redeeming their funds. And that's just what they are doing. Or rather, nothing is preventing them from moving their exposure for now, which is why they are suddenly scrambling to do it before they are suddenly gated.

Which is why the final shape of the deal remains, pardon the pun, fluid, and it is unclear how it will proceed, facing a multitude of complexities, including departing clients.

In an attempt to stop the bank run, BNP executives are meeting with U.S. hedge-fund clients this week to convince them to stay following similar sit-downs with European funds last week, Bloomberg sources said.

However, if this gambit fails, and hedge funds keep moving their business elsewhere, officials at the German bank may just relegate its assets tied to the prime finance division into the newly formed Capital Release Unit, i.e. the infamous "bad bank" which is winding down unwanted assets totaling 288 billion euros ($324 billion) of leverage exposure, and the prime brokerage is responsible for much of the 170 billion euros of leverage exposure that’s coming from the equities division into the division, also known as CRU a presentation shows.


It also means that countless hegde funds are suddenly at risk of being gated on whatever liquid exposure they have toward Deutsche Bank.

To be sure, Deutsche Bank’s hedge fund balances have been declining throughout the year as speculation swirled around Sewing’s intentions for the prime brokerage, but the rate of redemptions was far lower than $1 billion per day. Now that the bank jog has become a bank run, the next question is how much liquidity reserves does DB really have and what happen if hedge funds clients - suddenly spooked they will be the last bagholders standing - pull the remaining €150 billion all at once.

We are confident we will get the answer in a few days if not hours, until then please enjoy this chart which compares DB's stock decline to that of another bank which was gripped by a historic liquidity run in its last days too...


- Source, Zero Hedge

Tuesday, 16 July 2019

Why Do The Fed And Powell Hate Gold and The Gold Standard?


Powell was asked a question about gold and the goldstandard, which conveniently left out silver. 

Why does the Fed hate gold? Tune-in to find out why!

- Source, Silver Doctors

Monday, 15 July 2019

Martin Armstrong: USA Prettiest Ugly Sister in Global Economy


Legendary geopolitical and financial analyst Martin Armstrong says America’s economy is like being “the prettiest ugly sister in the family” of nations. 

So, if the U.S. economy is so good, why the rush to cut interest rates? Armstrong explains, “It’s really the world economy which is in serious trouble. You really have to look closely and pay attention to the words (Fed Head) Powell said. 

The economy is strong, unemployment is fine. Why would you cut interest rates when the stock market is making record highs? 

Powell said basically because it was things happening outside the country. The Fed, as I have said before, has become the central bank for the world.

This is the problem, and Europe is a complete basket case. They don’t get it, and they keep trying to hold onto their power and punish anyone who disagrees with them. 

Why is the U.S. economy so good? Why is the Dow at a record high? 

China is in trouble. Europe is in trouble. Japan is a basket case. The capital is coming here.”

- Source, USA Watchdog

Saturday, 13 July 2019

The Fall of the UK Economy: British Pound Enters BEAR MARKET As Currency CRASHES


Josh Sigurdson talks with author and economic analyst John Sneisen about the fall of the UK economy as the British Pound sees 2 year lows that if not for what we saw in early 2017, would be closer to 34 year lows

As the Bank of England desperately attempts to prop itself up as Brexit among countless other reasons play into the new bear market, the bank intends to lower interest rates. The problem is, they are already at a mere 0.6% rate! 

They will likely be going negative as Australia heads in the same direction and the Federal Reserve talks about lowering interest rates as well. Meanwhile, the European Union ECB interest rates are even lower... AT 0%! 

They've attempted to prop up this old guard system far too long. It's been propped up on debt, derivatives and faith. It had to go down eventually. 

Everything appears to be in a slow spiral downwards on a global basis and individuals need to understand that all fiat currency eventually fails. It always has, it always will. They need to be financially responsible and understand money to be able to control their own money.

Friday, 12 July 2019

More Proof The Elites Have Lost Control Of Gold and Silver


Are gold & silver really breaking free from the price suppression? Join Mike & Half Dollar as they dive into fresh new evidence which suggests the cartel is losing control of the "markets". 

In addition to this new evidence, additional topics discussed include: 

- Fed Chair Jerome Powell's Q&A session with Congress going on today and tomorrow. 

- Big changes are coming down the pike as evidenced by the recent shakeups at major central banks and institutions around the world, including the latest developments from just yesterday. 

- How safe are pension plans are retirement systems? - What is the end game for the US dollar? 

- Debunking the "1 oz of gold buys a fine suit" myth. For discussion on those topics and a whole lot more, including addressing some comments and questions in the chat, tune-in to today's show in its entirety.

- Source, Silver Doctors

Wednesday, 10 July 2019

Trapped: Are You In An Illiquid Fund Full Of Ghetto Bonds?


Trapped! Are You In An Illiquid Fund Full Of “Ghetto Bonds”? Trump’s best cheerleaders & supporters - The angry, crowded democrat candidates. DOW has best June in 81 years (on low volume) Safe haven investors flee into cover. Will SWIFT be swiftly replaced?