– Gold acts as hedge in 2018 – up 2.7% and 3.8% in euros and pounds (see tables & charts) – Stocks fall sharply – S&P500, FTSE & Euro Stoxx 5o fall 6.25%, 12.5% & 15% respectively – Worst year for most international equity indices since 2008 – Sharp falls in economically sensitive commodities: oil (WTI), […]
News and Commentary Gold futures settle at highest since June (MarketWatch.com) Gold Opens 2019 With Fanfare as Warning Signs Flash on Growth (Bloomberg.com) Gold gains on global growth fears, falling Asian stocks (Reuters.com) Dow futures drop more than 300 points as tech shares get hit after hours on a warning from Apple (CNBC.com) Brexit ‘bad or […]
Prepare For Global Debt Bubble Collapse with Gold and Silver (Outlook 2019 Podcast) – Risk assets and property to under-perform and precious metals to outperform (Outlook 2019 Podcast) – Hope for best but be prepared for the worst by increased allocations to cash, silver and gold – Market, economic and political uncertainty of 2018 continue […]
News and Commentary Asia Stocks Fall as China Data Hits New Year Start (Bloomberg.com) Asian shares blindsided by dismal China data (Reuters.com) Democrats maneuver to end shutdown, without Trump wall money (Reuters.com) U.S. Mint’s American Eagle 2018 gold, silver coin sales at 11-year lows (Reuters.com) U.S. Stock Futures Slide With European Shares After China Data (Bloomberg.com) […]
– Are we to prepare for a global Debt Bubble Collapse in 2019? – 2019 to see the political and economic uncertainty of 2018 continue and likely to deepen – Investors lulled into a false sense of security by politicians, brokers, bankers etc. – Much “cheer leading” of the “economic recovery” narrative and by extension […]
Happy Christmas and Wishing You a Healthy and Prosperous 2019 Image credits: hfchocolates.co.uk Happy Christmas to you and yours, We hope you had a fulfilling 2018 and thank you for your feedback, your sharing, your support and your business during the year and in recent years. Please take note of our office hours over the Christmas […]
by Frank Holmes of USFunds.com Gold traders appear excited about gold again as stocks are on pace for their worst year since 2008, and their worst December since 1931. Bullish bets on the yellow metal outnumbered bearish ones for the week ended December 11, resulting in the first instance of net positive contracts since July, […]
News and Commentary Gold settles higher as Fed lifts a key interest rate (MarketWatch.com) Stocks Retreat on Fears of Fed Mistake; Oil Slumps: Markets Wrap (Bloomberg.com) Asia Stock Carnage Deepens as Hopes Fizzle With Policy Updates (Bloomberg.com) Gold steadies, Fed signals ‘some’ rate hikes for 2019 (Reuters.com) Fed lifts rates, now sees ‘some further’ hikes ahead […]
– Review of 2018: ‘Everything bubble’ started bursting – International stock market indices and many property markets have fallen sharply – S&P 500 -4.5%, Nikkei -8%, EuroStoxx 50 -12.5%, FTSE -13%, DAX -16.5% – Of 54 major international stock market indices, only 6 are higher (see table below) – Global property bubble bursting – London, […]
News and Commentary Stocks Edge Up Before Fed Decision; Bonds Steady: Markets Wrap (Bloomberg.com) Fed must take wait-and-see approach for stocks to get ‘sustained’ rally (CNBC.com) S&P 500 ends flat in volatile trade ahead of Fed meeting (Reuters.com) Chance of recession rises to the highest level of the Trump presidency: CNBC Fed Survey (CNBC.com) As Global […]
News and Commentary Gold ticks up as dollar stays under pressure ahead of Fed meeting (CNBC.com) Gold prices steady in run-up to Fed meeting (Reuters.com) Gold gains as dollar, stocks slide; markets eye Fed (Reuters.com) U.S. Stocks Sink Further on Health, Tech Retreat (Bloomberg.com) Trump makes last-ditch effort to sway Fed with ‘take the victory’ tweet […]
Gold is not only flowing from West to East. It is also flowing into the house account at Goldman Sachs. Or at least the paper claims for it in New York. Below is the monthly report showing the large amounts of physical gold which have been steadily flowing through the Shanghai markets into strong hands […]
News and Commentary Gold prices edge down as firm dollar weighs (Reuters.com) Stocks Struggle as Dollar Slips to Start Fed Week: Markets Wrap (Bloomberg.com) Malaysia Files 1MDB-Linked Criminal Charges Against Goldman Sachs (Bloomberg.com) China Sees Bankruptcies Surge; Bondholders May Get Less Back (Bloomberg.com) Here come the class-action lawsuits against JPM for rigging gold and silver futures […]
‘Hard’ Brexit Risk Sees Gold Gain In Euros and Pounds – Nears £1,000/oz & €1,100/oz Gold was lower today in dollars but saw slight gains in pounds and euros. It was supported by increasing concerns about the likelihood of a ‘hard’ Brexit, about global economic growth and uncertainty around the Fed’s interest rate policies in […]
News and Commentary Gold prices steady on Fed policy outlook uncertainty (Reuters.com) US budget deficit hits record $204.9 billion for November (APNews.com) Wall Street edges lower as trade-fueled rally loses steam (Reuters.com) Dow gives up 200-point gains as digests latest US-China trade developments (CNBC.com) India and United Arab Emirates to stop using U.S. dollars in trade […]
– ‘Gigantic holes in the system’ warns former Fed Head – Interest rates will remain lower than they have been in past – Leveraged loans pose risks and there is unfinished regulation – “I think things have improved, but then I think there are gigantic holes in the system” – No new financial crisis in ‘our […]
News and Commentary May Returns to Brexit Front Line After Surviving Tory Ambush (Bloomberg.com) Gold edges lower, palladium hits record high (Reuters.com) Asia stocks rally into a second day with Hong Kong markets in the lead (MarketWatch.com) Gold settles higher as inflation in line and the dollar takes a dip (MarketWatch.com) Stocks cheered by Trump trade […]
– Gold Krugerrand coin worth $1,200 put in charity kettle – this time in Alaska – Mystery Salvation Army gold donors keep giving Gold Krugerrands – Gold, like pounds, euros and dollars can be used for good or ill – Give the gift of gold in this the Season of Kindness Gold Krugerrands (1 oz) […]
News and Commentary Dow closes lower after swinging more than 500 points in another volatile session (CNBC.com) Stocks cheered by Trump trade talk; sterling plagued by politics (CNBC.com) Japan, Hong Kong lead big stock rebound in Asia Wednesday (MarketWatch.com) Trump threatens shutdown over border wall during heated meeting with Pelosi, Schumer (MarketWatch.com) After May asks for […]
by John Mauldin Someone asked recently how many times I had “crossed the pond” to Europe. I really don’t know. Certainly dozens of times. It’s been several times a year for as long as I remember. Graphic: European Central Bank That makes me an extremely unusual American. Most of us never visit Europe, except maybe for […]