By Dave KranzlerWill GE be the proverbial "black swan?" - It had come to my attention that General Electric was locked out of the commercial paper market three weeks ago after Moody's downgraded GE's short term credit rating to a ratings level (P-2) that prevents prime money market funds from investing in commercial paper. Commercial paper (CP) is an important source of short term, low-cost, liq...Read More
Expect MUCH lower prices ahead By Adam TaggartAs we've been tracking here at PeakProsperity.com, the housing market is starting to look quite ill.After the central bank-driven Grand Reflation following the Great Financial Crisis, home prices are now beginning to nose over from their new bubble-highs.Has the Housing Bust 2.0 begun? If so, how bad could things get? And what steps should those lo...Read More
by John Mauldin via Forbes.comA Worldwide Debt Default Is A Real PossibilityIs debt good or bad? The answer is "Yes."Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don't have cash yet.Whether it's wise or not depends on what you buy. Debt to educate yourself so you can get a better job may be a good idea. Borrowing money to finance your vac...Read More
Most investors are cautious. Nothing is rising, be it stocks, commodities or bonds. Sitting on cash is the favorite pastime of traders and investors. There will be short term certain direction after the G20 meeting and US November nonfarm payrolls on 7th December. It is just keeping a hawk eye and making the right investment. Do invest with the herd. Herd trading can result in more losses than p...Read More
CloseGain/LossGold $1215.00-$7.50Silver$14.14-$0.11XAU63.55-1.82%HUI143.71-1.99%GDM526.50-1.91%JSE Gold1105.78-21.46USD97.36+0.31Euro112.95-0.39Yen88.02-0.12Oil$51.56-$0.0710-Year3.053%-0.014T-Bond139.90625+0.125Dow24748.73+0.44%Nasdaq7082.70+0.01%S&P2682.20+0.33% The Metals: Gold edged up to $1225.20 by a little after 8AM EST before it fell back to $1212.00 in early afte...Read More
When I was young, and my rich dad would tell me he didn't like an investment I wanted to pursue, he'd always say, "I hope I'm wrong." He believed that by giving me enough warning, I would have the time to prepare, just in case he was right.He said, "The question is not whether I'm right or wrong. The question is: are you prepared just in case I'm right?"This has stuck with me and it motivated me t...Read More
I was in Baltimore a few days ago to attend some business presentations and to catch up with colleagues and old friends.One of the presentations was held in an old theater that was being renovated.The Parkway Theater was built in 1915 and its design was modeled on London’s West End Theater.Being one of the first movie palaces on the east coast, The Parkway Theater was a runaway success from...Read More
Nov 28, 2018 Guest(s): Frank Holmes CEO, U.S. Global Investors Gold started Wednesday's trading session at $1,214 but rallied sharply at noon following Federal Reserve Chair Jerome Powell's dovish stance on the economy during a speech he gave at the The Economic Club of New York. Powell's speech signaled that interest rates are almost already at neutral, pushing the dollar down and gold up past...Read More
Federal Reserve Chairman Jerome Powell is on a "set course" of rate hikes and will continue on it unless something very bad happens, says Axel Merk of Merk Investments.Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investi...Read More
"The balloon has already been popped. The pin has popped the bubble, and now we are just going to work its way out. The workout, by the way, is going to be a complete and utter financial collapse. It is a house of cards, and it is all going to end up flat."Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial market...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
Should law enforcement be able to break into a college student's phone in order to use their own data against them in a criminal case?Continue...Read More
Continue...Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Read More
President Trump told The Washington Post this week that he's "not even a little bit happy" with Fed Chairman Jerome Powell's actions up to this point at the Federal Reserve.Continue...Read More
More and more economists, analysts and financial writers, 125 in fact, have taken the bold step of projecting the Continue...Read More
Former Trump campaign manager Paul Manafort has responded to a "totally false and deliberately libelous" report in The Guardian that he had several meetings withContinue...Read More
The Dow Jones plunged over 1,000 harrowing points last week.And so investors entered Monday's drama with one eye on the stage… and the other on the exit.But the Big Board put them to ease with a thumping 354-point rally.The S&P worked a 41-point advance of its own. The battered Nasdaq surged 143.Stocks were mixed today before scratching out a late day gain.But what next?Will the rout res...Read More
The argument over whether we're in for global warming or global cooling and whether what's coming is natural or human-made is fun but totally irrelevant from a financial perspective. The fact is that for whatever reason and in whatever direction, the climate is getting more aggressive. Monster snowstorms and apocalyptic fires are clearly becoming more common: Combine the rising number of bad thing...Read More
"Together, AWS and Lockheed Martin are providing satellite operators increased flexibility, resiliency, and scale in a complete connectivity solution, ground architecture, and cloud Continue...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort165,506156,610115,384201,259224,399482,149496,393Change from Prior Reporting Period -2,910-21,053-7,434-9521,222-10,439-7,265Traders17494946056280207 Small Speculators (C) GoldSeek.com LongShortOpen Interest 43,79129,547525,940 -3,141-6,315-13,580 non reportable positionsChang...Read More