News

by Tyler Durden on December 14, 2018 at 2:24 pm

On the heels of the dramatic slowdown in Chinese output, and after slowing in September and October, US Industrial Production was expected to rebound modestly in November and it did (but don't get to excited yet). The headline industrial production print rose 0.6% MoM (well above the 0.3% rise expected and a notable bounce back from the downwardly revised 0.2% drop in October)... However, the gains were dominated by a surge in Utilities... (Utility output jumped 3.3 percent after rising 0.2 percent the prior month) As Manufacturing growth stalled for the second month in a row... […]

by Tyler Durden on December 14, 2018 at 2:09 pm

Just two months ago, it appeared that (now former) Goldman Sachs Chairman and CEO Lloyd Blankfein had cemented his legacy as one of the most effective, shrewd and savvy leaders in the investment bank's storied 150-year history. That was before the indictments. Since then, the DOJ has indicted two Goldman Sachs employees based in Southeast Asia - one of whom was a partner and top dealmaker at the firm - for their involvement in a scheme to defraud the people of Malaysia of $4.5 billion, the amount the DOJ alleges was siphoned out of 1MDB, a sovereign wealth fund that was seeded with some $6 […]

by Tyler Durden on December 14, 2018 at 1:50 pm

Via Sara Carter At saracarter.com The Clinton Foundation operated as a foreign agent ‘early in its life’ and ‘throughout it’s existence’ and did not operate as a 501c3 charitable foundation as required, and is not entitled to its status as a nonprofit, alleged two highly qualified forensic investigators, accompanied by three other investigators, said in explosive testimony Thursday to the House Oversight and Government Reform Committee. John Moynihan and Lawerence W. Doyle, both graduates of the Catholic Jesuit College of the Holy Cross and […]

by Tyler Durden on December 14, 2018 at 1:41 pm

With inflation 'disappointing', hope for the recovery was left on the shoulders of the American consumer once again and Retail Sales offered some optimism with better-than-expected (and upwardly revised) MoM gains. The value of overall sales rose 0.2% after a 1.1% increase the prior month, but we note that YoY (unadjusted) saw a modest slowdown in growth...   But, sales in the so-called control group subset, which some analysts use to gauge underlying consumer demand, surged 0.9% MoM - smashing expectations of +0.4% - its biggest monthly jump in 12 months... […]

by Tyler Durden on December 14, 2018 at 1:24 pm

When discussing the deteriorating plight of the leveraged loan market last night, we noted that according to Lipper, US Loan Funds just saw a fourth consecutive, and record $2.5 billion outflow in the past week. That was not all, however, because in the same report Lipper also found the largest outflows on record from stocks ($46BN), the largest outflows since December 2015 from taxable bond ($13.4BN) and Investment Grade bond ($3.7BN) funds, and the 4th consecutive week of outflows from high yield bonds ($2.1BN), offset by a panic rush into cash as money market funds attracted over $81BN […]

by Tyler Durden on December 14, 2018 at 1:11 pm

In politics, "when it gets serious, you have to lie." In the increasingly intermingled worlds of geopolitics and financials markets, when it get serious, you have to rescue your nation's stocks... America's Plunge Protection Team has been a long-standing feature behind the scenes since Greenspan (some even think it has been around since 1944), ready as equity market buyer of last resort (and even getting subsidies for doing so from the exchanges). See any number of magical and sudden reversals from 2008/9 and 2014...USA Today finally realizes, fundamentals don't matter anymore... […]

by Tyler Durden on December 14, 2018 at 12:49 pm

This headline seems suitable for "The Onion", Boeing to Open Its First 737 Plant in China Under Shadow of a Trade War. The Chicago-based planemaker will inaugurate its completion and delivery center in Zhoushan, 90 miles southeast of Shanghai, on Saturday, after more than a year of construction. The facility marks a rare industrial foray outside of the U.S. for Boeing and a joint venture with state-owned planemaker Commercial Aircraft Corp. of China Ltd. While the plant was sent in motion before U.S. President Donald Trump was elected, the ribbon-cutting risks being overshadowed by his […]

by Tyler Durden on December 14, 2018 at 12:32 pm

It's a sea of red to end the week as world stocks and US futures tumbled on Friday after weak economic data from China to Europe raised global recession fears and left investors nervous over the impact of a still-unresolved Sino-U.S. trade dispute even as China announced it would roll back retaliatory auto tariffs by 3 months; Treasuries and the dollar jumped amid a renewed flight to safety. Growth concerns came back into focus after European Central Bank President Mario Draghi said economic risks were moving to the downside, while in China retail sales and industrial production figures […]

by Tyler Durden on December 14, 2018 at 12:30 pm

Setting up shares of the battered gizmo giant for a post-open ramp on a day when the broader market is still reeling from a batch of disappointing Chinese and European economic data, Apple said it's planning to push a software update to Chinese iPhone users next week that will modify functions that a local Chinese court ruled violated patents held by Qualcomm, according to Bloomberg. Despite filing an appeal against a ruling that represented the latest victory for Qualcomm in the US chipmaker's global battle over licensing fees, Apple said that, in the meantime, it would take steps to […]

by Tyler Durden on December 14, 2018 at 11:55 am

To think it was less than three months ago that we wrote that "leveraged loan demand is off the charts as dangers mount." Since then, a lot has happened in the credit market, with yields and spreads blowing out in credit in a much delayed response to said mounting dangers and turmoil in the equity market, eventually hitting the leveraged loan market too, where as we wrote last week, loan prices have fallen precipitously as loan funds suffered dramatic redemptions in recent days, most notably the Blackstone leverage-loan ETF, SRLN, which last week saw its largest ever one-day outflow since its […]

by cmullen on December 14, 2018 at 3:21 am

https://www.reuters.com/article/global-precious/precious-gold-prices-steady-on-fed-policy-outlook-uncertainty-idUSL3N1YJ192 The post Gold prices steady on Fed policy outlook uncertainty appeared first on Gold Review. […]

by cmullen on December 14, 2018 at 3:20 am

http://radio.goldseek.com/nuggets.php The post GoldSeek Radio Nugget: Gerald Celente and Chris Waltzek appeared first on Gold Review. […]

by King World News on December 13, 2018 at 11:27 pm

Fred Hickey comments on gold and the US dollar.  Also, many have been wondering if the economy is headed into recession.  Well, today a major warning indicator just flashed.  Look at who is now the most pessimistic about the economy since the financial collapse. The post Fred Hickey On Gold And The US Dollar, Plus A Major Warning About The US Economy appeared first on King World News. […]

on December 13, 2018 at 9:32 pm

Later in the afternoon, US stocks trimmed some losses (S&P ended unchanged at 2651), while the 10-year yield edged up to 2.913%. The DX was steady between 97.05 – 97.10, and gold was $1,243 bid at 4PM with a loss of $3. […]

by cmullen on December 13, 2018 at 8:41 pm

https://apnews.com/9aea095139d14801a48b4964cb4ec4e4 The post US budget deficit hits record $204.9 billion for November appeared first on Gold Review. […]

on December 13, 2018 at 8:00 pm

"November outlays surged 18.4% to $411 billion last month from $347 billion a year ago, while receipts actually declined 1% to $206 billion from $208 billion in 2017, the Treasury Department said in a monthly report on Thursday." […]

by cmullen on December 13, 2018 at 7:56 pm

https://www.reuters.com/article/us-usa-stocks/wall-street-gains-on-trade-optimism-idUSKBN1OC1O8 The post Wall Street edges lower as trade-fueled rally loses steam appeared first on Gold Review. […]

by cmullen on December 13, 2018 at 7:55 pm

https://www.cnbc.com/2018/12/13/precious-metals-gold-edges-lower-palladium-hits-record-high.html?forYou=true The post Gold eases to 1-week low as dollar, stocks mixed appeared first on Gold Review. […]

by cmullen on December 13, 2018 at 7:54 pm

https://www.marketwatch.com/story/gold-edges-lower-while-record-breaking-palladium-hogs-the-spotlight-2018-12-13 The post Gold declines as palladium retreats from a record settlement appeared first on Gold Review. […]

on December 13, 2018 at 6:57 pm

"Statistics Canada’s price index for new Toronto homes fell 1.4 percent in October from a year earlier, the most since September 1996." […]

on December 13, 2018 at 6:56 pm

"Angela Hutchins, a Las Vegas realtor, said price cuts of up to tens of thousands of dollars are now common. 'Any property that we’re pulling up right now, it’s reduction, reduction, reduction,' she said." […]

by King World News on December 13, 2018 at 6:18 pm

This warning indicator just hit the highest level in more than 5 1/2 years. The post This Warning Indicator Just Hit The Highest Level In More Than 5 1/2 Years appeared first on King World News. […]

on December 13, 2018 at 5:23 pm

"The Smart Money Flow Index is calculated according to a special formula by taking the action of the Dow in two time periods: the first 30 minutes and the last hour." […]

on December 13, 2018 at 5:21 pm

“The probability of a U.S. recession over the next 12 months has risen to about 30 percent recently and is thus higher than at any point in this nine-year-old expansion.&rdquo […]

on December 13, 2018 at 4:49 pm

"These are expenses that should be paid for out of the budget -- not bonded out,' said Thad Calabrese, an associate professor at New York University who studies public financial management and called such deals 'insanity." […]

by cmullen on December 13, 2018 at 4:10 pm

https://www.cnbc.com/2018/12/13/stock-markets-wall-street-hopes-rise-over-us-china-trade-breakthrough.html The post Dow gives up 200-point gains as Wall Street digests latest US-China trade developments appeared first on Gold Review. […]

by cmullen on December 13, 2018 at 4:09 pm

https://www.cnbc.com/2018/12/13/precious-metals-gold-edges-lower-palladium-hits-record-high.html?forYou=true The post Gold dips as stocks rise; palladium scales new peak appeared first on Gold Review. […]

by cmullen on December 13, 2018 at 4:09 pm

https://www.reuters.com/article/us-usa-stocks/wall-street-gains-on-trade-optimism-idUSKBN1OC1O8 The post Wall Street gains on trade optimism appeared first on Gold Review. […]

by cmullen on December 13, 2018 at 3:52 pm

https://www.reuters.com/article/us-usa-economy/u-s-weekly-jobless-claims-near-49-year-low-import-prices-fall-idUSKBN1OC1UV The post U.S. weekly jobless claims near 49-year low; import prices fall appeared first on Gold Review. […]

on December 13, 2018 at 3:15 pm

Dollar falls? Good for gold. Stock market falls? Good for gold. "US stocks might rise, but only if the greenback falls. The US dollar might rally, but it will snuff out the stock market rally. The days of them both going up together are over." […]

on December 13, 2018 at 2:11 pm

"Trump said the tax cuts would 'pay for themselves' through higher growth. Overall federal spending has increased 7% this fiscal year. Tax revenues have increased 1%. This year’s $895 billion budget deficit is 39% greater than last year’s. Is this tax cuts 'paying for themselves?" […]

on December 13, 2018 at 1:58 pm

And almost half of them think we'll be in a recession next year... "The end is near for the near-decade-long burst of global economic growth." […]

on December 13, 2018 at 1:52 pm

If the prices of the goods America imports continue to nosedive, that's one way to keep inflation in check, and another way to expect the trade deficit to continue to expand to all-time high levels, in direct opposition to the stated goal of the tariffs. […]

on December 13, 2018 at 1:38 pm

The neverending folly of the financial media, who constantly think gold ceases to be a store of value, and then, somehow, magically becomes one, again and again. "Based on the recent action in the shiny metal, it has once again returned to its place as a diversifier and safe haven for those worried about inflation." […]

on December 13, 2018 at 1:37 pm

Yet US consumers also planned to credit-spend at record-high levels, according to the same CNBC survey. […]

on December 13, 2018 at 1:31 pm

The inevitable consequences of recklessly ramping government spending while you cut the government's primary means to pay for all that spending. In the end, you can't defy the laws of math forever. […]

on December 13, 2018 at 1:18 pm

“In previous periods, weakness created opportunities but as we survey the outlook for 2019, we are concerned that we don’t see those opportunities,' Jabre wrote in a letter. 'Both the political and economic outlooks remain confused and without clear direction.&rdquo […]

on December 13, 2018 at 1:13 pm

"The company is not only paying (token) severance packages to its more than 1,200 employees but is also giving each 10 tires, which have become hugely valuable in the shortage-wracked socialist paradise." […]

on December 13, 2018 at 1:05 pm

"The European Central Bank (ECB) will stop expanding quantitative easing (QE) from the end of December — when bond purchases will fall from 15 billion euros a month to zero." […]

on December 13, 2018 at 1:02 pm

"Your book recommends expanding the Fed’s purview, from banks to all of finance, or that there should be a regulatory supercommittee so they coordinate. Failing that, what else can we do?" […]

by King World News on December 12, 2018 at 10:53 pm

Today the GDX Gold Miners Index hit a 3-month, plus a look at the stock market action, gold, silver and silver miners. The post GDX Gold Miners Index Hits 3-Month High, Plus Gold, Silver & Silver Miners appeared first on King World News. […]

on December 12, 2018 at 10:31 pm

Later in the afternoon, equities trimmed gains (S&P finished up 14 to 2,651), while the US 10-year bond yield hovered around 2.91%. The DX edged down to 97, and gold was $1,245 bid at 4PM with a gain of $2. […]

on December 12, 2018 at 6:05 pm

$300 billion to build infrastructure vi, 40-year bonds with a mandatory 10-year holding period, paying an interest rate 2 full points higher than the 30-year treasury bill. And oh yeah, only pension funds are eligible to buy them. Rebuild America Bonds aim to fix two ailing American sectors with one loan. […]

on December 12, 2018 at 5:12 pm

"The protesters rightly perceive that they are politically invisible: the ruling class, regardless of its ideological flavor, doesn't believe it needs the support of the politically invisible to rule as it sees fit." […]

by King World News on December 12, 2018 at 4:37 pm

With the stock market surging and gold and oil also rallying, here is a look at what Ralph Acampora had to say as well as a look at the hammer, capitulation, and is it a Dow Theory sell signal or not? The post Ralph Acampora, The Hammer, Capitulation And Is It A Dow Theory Sell Signal Or Not? appeared first on King World News. […]

on December 12, 2018 at 3:31 pm

In a tale as old as time, a governing body seeks to bolt a sick and dying business to a slightly healthier one. Postpone the inevitable, at all costs. But what usually happens when you combine a giant company in a seeming death spiral with one on shaky ground is seldom good. […]

on December 12, 2018 at 2:51 pm

Join Mike Maloney as he reveals an important factor of the partial Yield Curve inversion that is being ignored by mainstream news and media. Then stick around to the end of the video to see yet another indicator that is suggesting a huge change in markets could be upon us... […]

on December 12, 2018 at 2:22 pm

"Whenever you go into debt in order to enjoy a higher standard of living than you currently deserve, there are short-term benefits but long-term pain. For decades, America has been stealing from the future in order to make the present more pleasant, but now we have painted ourselves into a corner." […]

on December 12, 2018 at 2:03 pm

"Last time Italy found itself near bankruptcy, it was saved by the ECB’s decision to launch into a decade of money-printing. The ECB is now set to stop and reverse the measures that facilitated this favorable environment that supported the entire European economy after the last recession. This might prove catastrophic for Italy." […]

on December 12, 2018 at 1:53 pm

"Socialist President Nicolas Maduro late last month increased the monthly minimum wage by 150 percent to 4,500 bolivars, fewer than $10 at the black market exchange rate. Citizens had complained that they could not afford basic items despite a previous 60-fold minimum wage increase in August." […]

on December 12, 2018 at 1:43 pm

"For example, 27 percent of people in Florence, South Carolina, who bought their car with a so-called subprime score — defined as a VantageScore between 300 and 600— are delinquent." […]

on December 12, 2018 at 1:41 pm

"The vast majority of economists always proclaim the economy to be in excellent health just before it swoons. Despite these failures, indeed despite repeating almost precisely those failures, economists have continued to pore over the same macroeconomic fundamentals for clues to the future." […]

on December 12, 2018 at 1:34 pm

"Nearly seven in 10 (69%) of the Gen X generation -- those born from 1965 to 1980 -- who, 'arguably, are in their most crucial retirement savings years, say that things today are making it harder for them to be able to retire on time. And 65% of baby boomers feel the same way." […]

on December 12, 2018 at 1:29 pm

"Jeffrey Gundlach, Wall Street's bond king and a well-respected prognosticator on all financial markets, painted a bearish picture of the stock and corporate bond markets, as well as the U.S. economy, on Tuesday." […]

on December 12, 2018 at 1:17 pm

"Trump told Reuters he needed the flexibility of lower interest rates to support the broader U.S. economy as he fights a growing trade battle against China, and potentially other countries." […]

on December 12, 2018 at 1:13 pm

"Hong Kong’s monetary base more than doubled since the end of 2009, boosting the Hang Seng Index by roughly the same magnitude from trough to peak and almost tripling property prices." […]

on December 12, 2018 at 1:07 pm

Declaring itself a "unique non-profit entity", the Fed attempts to promote the narrative that it made no difference at what price they bought bloated, worthless assets, and now makes no difference at what price they sell them. Because they can always just print more currency. […]

on December 12, 2018 at 1:03 pm

"The sequential rate at which these proposals and bankruptcies are rising make it clear that even the smallest uptick in interest rates is having an immediate and dire effect." […]

on December 12, 2018 at 12:59 pm

"Sydney’s property market slump has reached a new milestone, with values falling further than the late 1980s when Australia was on the cusp of entering its last recession." […]

by King World News on December 12, 2018 at 12:38 am

After the recent meltdown in stocks, it's not just buy the dip that is dead, buy the really is now dead, too. The post It’s Not Just Buy The Dip That Is Dead, Buy The Rally Is Now Dead, Too appeared first on King World News. […]

on December 11, 2018 at 9:27 pm

The 10-year bond yield rose to 2.886%, while the DX remained stable around 97.40-45. Gold was $1,243 bid at 4PM with a loss of $1. […]

on December 11, 2018 at 8:53 pm

"Texan hedge fund manager J. Kyle Bass, the founder of Hayman Capital, sees a recession happening in 2020 unless the U.S. puts together a big infrastructure plan." […]

on December 11, 2018 at 6:34 pm

"The German economy, Europe’s largest, has shifted into a lower gear as Britain’s looming departure from the European Union and trade conflicts sparked by U.S. President Donald Trump’s ‘America First’ policies cause business uncertainty." […]

by King World News on December 11, 2018 at 5:38 pm

With investors still reeling from recent volatility in global stock markets, look at what just hit an all-time record high, plus a bonus interview. The post ALERT: Look At What Just Hit An All-Time Record High, Plus A Bonus Interview appeared first on King World News. […]

on December 11, 2018 at 4:29 pm

"In New Mexico, a household earning the median annual income of $46,744 would take nearly 1.5 years to pay off the state’s average household credit card balance of $8,323." […]

on December 11, 2018 at 4:24 pm

"Speculative-grade loans, a rare bright spot in the fixed-income world for most of the year, have hit a rough patch, posing challenges for businesses that have relied on the market." […]

on December 11, 2018 at 4:07 pm

"Oh dear. I don’t envy Mario Draghi right now. But he’s doubled the ECB balance sheet to over 41% of Eurozone GDP since 2014 and he’s kept interest rates at -0.4% since March 16, 2016 and has been advertising an end to QE by the end of 2018." […]

on December 11, 2018 at 3:33 pm

"A worrying sign of inversion in the U.S. Treasury bond curve is dulling the appeal of the developed world’s highest-yielding bond market for foreign investors." […]

on December 11, 2018 at 3:10 pm

"The Fed has announced a series of initiatives, including a monetary-policy review roadshow, a semi-annual assessment of financial stability, and its inaugural Supervision and Regulation Report. These follow Powell’s early promise of 'plain-English' explanations and a doubling of his press conferences." […]

on December 11, 2018 at 2:14 pm

"Unlike October, investors no longer see the market correction as a temporary dislocation, but rather driven by more persistent macro risks,' wrote Mandy Xu, derivatives strategist at Credit Suisse." […]

on December 11, 2018 at 2:03 pm

The world's most-central-bank-owned economy is a mess. "The capital expenditure component of GDP fell a sharp 2.8 percent from Q2, worse than the expected 1.6 percent decline and the preliminary reading of a 0.2 percent drop." […]

on December 11, 2018 at 1:43 pm

"Pretty much everything the financial world is doing these days relies on a false sense of security fostered by 'innovations' (ZIRP, QE, ETFs) that hide the true risks of financial assets. And people are starting to figure this out." […]

on December 11, 2018 at 1:37 pm

"In October and November, the federal government spent $303 billion more than it took in, compared to $202 billion in the same period of fiscal 2018, according to the CBO." […]

on December 11, 2018 at 1:34 pm

"Fighting a trade war and maintaining a strong recovery may be mutually exclusive objectives. To ensure the U.S. has sufficient capital resources to sustain the recovery, the president needs to cut his deal with China." […]

on December 11, 2018 at 1:23 pm

“Anyone that looks at this data and the extent to which large banks continue to team up with colleges and universities to gouge the student body with overdraft fees should be outraged,' said Seth Frotman, formerly of the Consumer Financial Protection Bureau." […]

on December 11, 2018 at 1:15 pm

"Former Federal Reserve Chair Janet Yellen told an audience in New York City Monday night that she fears there could be another financial crisis because banking regulators have seen their authority reduced to address panics and because of the current push to deregulate." […]

on December 11, 2018 at 1:12 pm

The fund had been urging governments to “fix the roof” during a sunny last two years for the world economy, IMF First Deputy Managing Director David Lipton said. “But I see storm clouds building, and fear the work on crisis prevention is incomplete.&rdquo […]

on December 11, 2018 at 12:15 pm

"JPM calculates recession probabilities based on regression models, which track such indicators as prime-age male participation, consumer and business sentiment to prime-age male labor participation, compensation growth, and durables and structures as a share of GDP." […]

on December 11, 2018 at 12:08 pm

"Fisher says a 'hyper-leveraged government' issuing even more U.S. Treasury bonds next year, the Fed raising rates, and potential dangers from bad credit in the European Union could cause a slowdown." […]

on December 11, 2018 at 12:05 pm

"We’ll have a $1 trillion budget deficit, a big fight over the debt ceiling, gridlock and the U.S. economy will be slowing at the same time. The only thing I’m confident in is volatility will be high next year." […]

on December 11, 2018 at 12:01 pm

In February, the Fed ordered Wells Fargo to freeze its balance sheet, keeping its assets below $1.95 trillion, until it put new checks on senior managers and gave the board new powers to sniff out abuses. […]

on December 10, 2018 at 11:29 pm

Gold briefly broke support at $1243 and dipped to $1241.70, but bargain hunting buying brought it quickly back to $1,244. Gold was $1,244 bid at 4PM with a loss of $4. […]

by King World News on December 10, 2018 at 11:17 pm

Look at what is happening in gold, silver, crude oil and US Treasuries. The post Big Surprises In Gold, Silver, Crude Oil And US Treasuries appeared first on King World News. […]

by King World News on December 10, 2018 at 7:11 pm

There are two important notes below, one is the wisdom of half a century working in the financial world and the second is an important update on where things stand in the gold market. The post Wisdom Of Half A Century In This Business And Where Things Stand In The Gold Market appeared first on King World News. […]

on December 10, 2018 at 5:32 pm

It’s time for our roundup of the big investment banks and where they predict the gold price will go in 2019. Their forecasts, while as fallible as any others, are worth paying attention to for one reason: These banks control enormous amounts of capital, so keeping an eye on where they stand vis a vis the gold price is worth monitoring. […]

on December 10, 2018 at 4:57 pm

"Over the past week, as the markets fell, the gold and silver prices did quite the opposite. If we look at the next three charts, the Dow Jones fell by more than 1,600 points since Dec 3rd, while gold increased $26 and silver gained $0.45." […]

on December 10, 2018 at 4:39 pm

Ron Paul, ever the voice of reason and sanity when it comes to fiscal policy, envisages the coming collapse and who will be held to blame. Also, Donald Trump's biggest fiscal mistake thus far. […]

on December 10, 2018 at 3:26 pm

"Higher lows since August, and what looks like the coming test of the 200-day at 1257, which has rejected the gold price over the last year almost as many times I was in high school asking girls out on dates. Could be gold is sniffing out an escalation of the U.S.-China conflict or it could be something altogether different." […]

on December 10, 2018 at 2:47 pm

"In the absence of central bank monetary policies, which enrich some individuals at the expense of other individuals, interest rates that emerge will be truly neutral. In a free market, no one then would be required to establish whether the interest rate is above or below some kind imaginary equilibrium." […]

on December 10, 2018 at 2:43 pm

"The Fed can tolerate weakness in the stock market, but it fears a complete collapse, which is a very real possibility. So Jerome Powell is between a rock and a hard place. Keep the bubble going, which only prolongs the day of reckoning and makes it worse, or withdraw support and risk a crash." […]

on December 10, 2018 at 2:19 pm

"The dollar consolidated losses on Monday after posting its biggest weekly drop in more than three months last week as weak U.S. data undercut expectations of more interest rate increases in the world’s biggest economy." […]

on December 10, 2018 at 1:51 pm

"The nation’s 130-year-old gold industry is locked in the final stages of a decades-long death spiral. Most of South Africa’s gold mines are unprofitable at current prices." […]

on December 10, 2018 at 1:32 pm

"Electronic payments via Alibaba Group’s Alipay or Tencent Holdings’s WeChat have become increasingly popular in China where they are accepted on platforms such as public transport and at retailers like coffee shops." […]

on December 10, 2018 at 1:24 pm

"The question is how much, in the way of concessions, is Macron going to have to give to calm the protests down,' Constantine Fraser, European political analyst at TS Lombard, told CNBC Monday." […]

on December 10, 2018 at 1:21 pm

"Earnings growth is becoming a front-burner issue. Everybody expected it to slow down next year because we don't have the benefit of tax cuts. But the slowdown is probably going to be more than expected," […]

on December 10, 2018 at 12:53 pm

"The rolling bear market continues to make progress and there is growing evidence that it is morphing into a proper cyclical bear market." […]

on December 10, 2018 at 12:49 pm

"Huawei allegedly used a third-party intermediary — a small Hong Kong-based technology firm called Skycom — to channel payments between the company and Iran." […]

on December 10, 2018 at 12:23 pm

"The European Court of Justice said Monday that the U.K. can cancel Brexit without asking for permission from other European Union (EU) member states." […]

by King World News on December 9, 2018 at 8:47 pm

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies just warned King World News that central banks have triggered a global collapse. The post Greyerz – Central Banks Have Triggered A Global Collapse appeared first on King World News. […]

by King World News on December 9, 2018 at 8:30 pm

On the heels of a wild week of trading that wiped out $1 trillion of equity in US markets, did a rogue government official orchestrate the Huawei arrest to sabotage the Trump and Xi trade talks? The post Did A Rogue Government Official Orchestrate Huawei Arrest To Sabotage Trump and Xi Trade Talks? appeared first on King World News. […]

on December 7, 2018 at 11:55 pm

Gold took out resistance at $1,248-49 (double top 7/12 and 7/13 highs) but was halted by options resistance at $1,250 (5-month high). The yellow metal was $1,248 bid at 4PM with a gain of $11. […]

on December 7, 2018 at 7:15 pm

In the irony of all ironies, a poorly worded bill intended to more narrowly define exactly which banks are subject to the Volcker Rule may have freed nearly all of them from it. […]

on December 7, 2018 at 7:05 pm

Data regarding the US housing market gets uglier by the day, as the previously white-hot markets begin falling apart in earnest and markets nationwide are besieged by higher inventory and scant few buyers who are suddenly in no rush at all. […]

on December 7, 2018 at 7:00 pm

Owning GE stock and living off the dividend payments as your primary income source used to be a de facto retirement plan for many Americans. As the conglomerate behemoth fights for its life, those dividends are all but gone. […]

on December 7, 2018 at 7:00 pm

“The gradual path of increases in the federal funds rate has served us well by giving us time to assess the effects of policy as we have proceeded,’ Lael Brainard said Friday at a conference at the Peterson Institute for International Economics in Washington." […]

on December 7, 2018 at 5:13 pm

"With increased volatility and geopolitical risk, macro asset allocation is becoming more gold-positive again while we believe much of the dollar's upward move is now behind us with rate hike expectations dropping." […]

on December 7, 2018 at 3:09 pm

"Property bubbles, local government contingent debt, the heavy reliance on land sales for financing or the shadow banking sector could set off a major crisis in China, according to Ma’s article published on the Wechat account of PBOC-affiliated magazine China Finance." […]

on December 7, 2018 at 2:06 pm

With increasing market turmoil and unprecedented uncertainty surrounding the trade war, gold's safe-haven appeal is beginning to assert itself in world markets yet again. […]

on December 7, 2018 at 1:43 pm

HSBC, notorious for having laundered billions for Middle Eastern terrorist organizations and the Mexican drug cartels, appears to have the been the bank Huawei chose to engage to illegally sidestep Iran sanctions. […]

on December 7, 2018 at 1:36 pm

“Home flipping acts as a canary in the coal mine for a cooling housing market. We’ve now seen three consecutive quarters with year-over-year decreases in home flips.&rdquo […]

on December 7, 2018 at 1:31 pm

With no fanfare, an anonymous donor contributed about $1,300 by dropping a South African Krugerrand into the familiar red metal donation bucket. It is the 6th straight year they've made such a gift. […]

on December 7, 2018 at 1:22 pm

“Once fear and problems emerge in the various bubbles we see around the world that will eventually cause the next financial crisis. Silver will be one of the havens. Buying at these prices will look like a no-brainer.&rdquo […]

on December 7, 2018 at 1:18 pm

"The government of President Nicolas Maduro is seeking to bring 14 tonnes of gold back to Venezuela because of fears it could be caught up in international sanctions on the country, sources told Reuters this month." […]

on December 7, 2018 at 1:15 pm

Once seen as an emerging market phenomenon, the unquestioned power of independent central banks, as political lives hang in the balance in deteriorating economies amidst social unrest, is under the magnifying glass. […]

on December 6, 2018 at 9:23 pm

On a day when US stocks plunged intraday but closed down only marginally, the 10-year yield continued its bounce to 2.886%, while the DX clawed back to 96.84. Gold was $1,238 bid at 4PM – unchanged. […]

on December 6, 2018 at 7:05 pm

"Just 10% of the US population owns roughly $93 trillion of all US assets, while half of the US population has virtually no wealth, and if anything it is deeply in debt." […]

on December 6, 2018 at 6:43 pm

"If another crisis happens, the Fed will cut rates to zero. But it won’t be enough. They’ll have to abandon QT and go back to QE4. Other central banks will follow the Fed’s lead. Investors should prepare now for the inevitable crackup. Having cash and gold are two places to start." […]

on December 6, 2018 at 6:05 pm

As Fed members continue to contradict each other and offer folksy, non-measurable nothing estimates of where a neutral rate lies (like "within shouting distance"), it becomes clearer every day the Fed's rate stance is neither art nor science but sheer guesswork. […]

on December 6, 2018 at 3:23 pm

"So while every other asset is still at or near all-time highs, gold is relatively cheap. Gold has held its ground during all this market volatility. That is exactly how you want insurance to act. It holds steady in the face of craziness, even selling for a discount when everything else is as expensive as it ever has been." […]

on December 6, 2018 at 2:55 pm

"Trade will probably be a drag on gross domestic product in the fourth quarter, and adds to weak housing and business spending on equipment reports in signaling a slowing down in economic growth." […]

on December 6, 2018 at 2:22 pm

"Purchased for almost $1 million on LedgerX’s trading platform just days after Bitcoin peaked a year ago, the call options have a strike price of $50,000 and an expiry date of Dec. 28, 2018." […]

on December 6, 2018 at 2:17 pm

"As investors across all asset classes limp toward the end of 2018, gold is approaching what has been a reliably strong season in recent years. Since 2013, there’s been a more than 80 percent chance of a positive return in gold prices in January." […]

on December 6, 2018 at 2:16 pm

"Interestingly, gold and silver are much closer to their base price levels than are the broader markets. Which is why I don’t believe we are going to see a crash in the precious metals prices along with the broader markets." […]

on December 6, 2018 at 1:46 pm

"Between 2004 and 2016 (the last year for which audited financials are available) unfunded liability quadrupled, to $123.8 billion, according to the Illinois Commission on Government Forecasting and Accountability, the Legislature’s financial watchdog unit." […]

on December 6, 2018 at 1:10 pm

"The Federal Reserve has rejected Wells Fargo & Co's plans to prevent further consumer abuses and told the scandal-plagued lender it needs stronger checks on management, according to three people with knowledge of the discussions." […]

on December 6, 2018 at 1:04 pm

"Credit-card delinquencies, application rejections, and involuntary account closures are all on the upswing, according to a report from the Federal Reserve Bank of New York." […]

on December 6, 2018 at 9:47 am

"Bear in mind, I am not suggesting it is wrong for the Fed to hike. Rather, I suggest there should not be a Fed at all and interest rates should be left to the free market." […]

on December 6, 2018 at 9:40 am

"Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001, he remarked in a Fortune Magazine interview that 'it is probably the best single measure of where valuations stand at any given moment." […]

on December 6, 2018 at 9:33 am

"A bear market in the S&P 500 — a decline of 20 percent or more from recent highs — would be a catalyst for an economic slowdown, according to Peter Boockvar, chief investment officer at Bleakley Advisory Group." […]

on December 6, 2018 at 9:29 am

The arrest of Meng Wanzhou, daughter of the Huawei founder and prominent member of Chinese society (and the ruling party), for helping the company to violate US sanctions against Iran, likely slammed the brakes on any would-be trade progress between the two countries. […]