Judy Shelton has been both an economic adviser to Donald Trump and the co-director of the Sound Money Project. A speaker at the New Orleans Investment Conference this month, she sits down with us to consider both the candidates for chairman of the Federal Reserve and the promise of a return to sanity in monetary… Read More
FORMER Gencor and BHP Billiton executive Miklos (Mike) Salamon passed away earlier this month, according to an announcement on October 25 by GEM Diamonds of which he was independent non-executive director. He had been battling cancer for several years. “Mr Salamon had served on the coard since 2008 and made an invaluable contribution,” said GEM.… Read More
This week features a wonderful interview with Axel Merk of Merk Investments and the Merk Funds. Axel describes why he believes the “buy the dip” mentality has overtaken mainstream financial advisors, warns about the danger of buying into conventional wisdom and also chimes in on gold and the potential rise of rise haven assets.
As technology stocks and securitized mortgages have demonstrated all too recently, just because a bubble pops doesn’t mean it’s the end of the market. Hell, it doesn’t even necessarily preclude that another bubble won’t emerge years later. Wall Street analysts trying to figure out if JP Morgan CEO Jamie Dimon and Bridgewater Associates’ Ray Dalio… Read More
GOLD PRICES gave back yesterday’s bounce against a rising Dollar in London on Tuesday as world stock markets ignored Wall Street’s drop, bond yields rose, and a UK policy-maker tried to cool expectations for a hike in Pound Sterling interest rates. America’s S&P500 index last night capped a 5-day streak of new all-time record… Read More
China’s moves to replace the dollar as the global reserve currency may be denied, but with its ‘gold-for yuan’ option for oil purchases in its own currency it is moving another step closer. Source: sharpspixley.com
On April 18, 2016, it came to NIA’s attention that Bitcoin’s realized 30-day volatility had declined to only 15.8, which was below the realized 30-day volatility of gold. Since 2012, Bitcoin on average has traded with realized 30-day volatility that is 5.1X higher than the realized 30-day volatility of gold. It was shocking to see Bitcoin suddenly… Read More
The world’s oldest gold trader is for sale after a massive money laundering scandal may have terminally crippled one of the most iconic names in the business. Canada’s Bank of Nova Scotia is exploring options for its gold business ScotiaMocatta, the Financial Times reported, which include a possible sale of Canada’s most popular precious metals… Read More
Greg Weldon of Weldon Financial and WeldonLive joins us on this week's podcast. Greg’s research calls for the markets to roll over, and he’s expecting some very rough waters ahead based on key metrics he’s focused on – consumer spending and debt. He also weighs in on the tricky spot the Fed is in and… Read More
Dwight Duncan explains that, going back more than a century, the “Constitution means what the Supreme Court says it means.” This is in contrast to the desire for a clear document with a balance of powers in the amendments process and removal of wayward judges. A law professor in Massachusetts, Duncan discusses what can be… Read More
The biggest danger to Dr. Roberts, who has a PhD in economics, is the U.S. dollar. Dr. Roberts contends, “It seems to me that the only thing that would cause the Federal Reserve to stop the liquidity would be if the U.S. dollar fell under attack. If for some reason people said, hey, we don’t… Read More
Happy days are here again for the U.S. economy – at least temporarily. On Friday, U.S. stocks hit another brand new record high. It seems like we are saying that almost every day lately, and most investors are absolutely thrilled by this seemingly endless surge. Global stocks are surging too – today world stocks hit a new record high for the 4th consecutive day in a row. But of course it isn’t just stock prices that are rising. As the week ended, pretty much everything was up, and we also got some good news about consumer sentiment. According to the new University of Michigan survey that was just released, U.S. consumers are the most optimistic about the economy that they have been since 2004…
The consumer sentiment index, a survey of consumers by The University of Michigan, rose to 101.1 in October, far ahead of the 95 economists polled by Reuters anticipated.
“Consumer sentiment surged in early October, reaching its highest level since the start of 2004,” Richard Curtin, chief econ..
Jim Rickards shares his thoughts on the ongoing War on Cash, the developing War on Gold and how that will play out, and talks about the ticking time bomb in the Chinese economy and what it means for the U.S. stock market.
Authored by Andy Xie via The South China Morning Post,
Central banks continue to focus on consumption inflation, not asset inflation, in their decisions. Their attitude has supported one bubble after another. These bubbles have led to rising inequality and made mass consumer inflation less likely.
Since the 2008 financial crisis, asset inflation has fully recovered, and then some. The US household net worth is 34 per cent above the peak in 2007, versus 30 per cent for nominal GDP. China’s property value may have surpassed the total in the rest of the world combined. The world is stuck in a vicious cycle of asset bubbles, low consumer inflation, stagnant productivity and low wage growth.
The US Federal Reserve has indicated that it will begin to unwind its QE (quantitative easing) assets this month and raise the interest rate by another 25 basis points to 1.5 per cent. China has been clipping the debt wings of grey rhinos and pouring cold water on property speculation. They are..
In an interview on CNBC on Oct. 11, economist Carl Weinberg told the business network that China is going to compel Saudi Arabia to sell them their oil in the Yuan currency, which will have a serious consequence to the dollar and the Petrodollar system.
Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world's largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,”Weinberg told the media.
“I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them,” he added. A..
Economist Michael Pento says even though the stock market has made huge gains in 2017, don’t expect this to continue. Pento contends, “Year-over-year growth for the third quarter (Q3) is just 2.9%. . . . So, you have no more earnings growth. It’s very miniscule. GDP (Gross Domestic Product) according to the New York Fed… Read More
Frank Holmes of U.S. Global Investors joins us to share his comments on the difference between gold & crypto-currencies, the financial fallout if Congress & the President can’t get deregulation & tax cuts, & the environment for precious metals.
Forensic psychiatrist Dr. Michael Welner is convinced that Las Vegas shooter Stephen Paddock believed that the people that he was shooting “deserve to die”. As I detailed the other day, the massacre in Las Vegas was an operation that was planned well in advance. Paddock (and anyone that was helping him) specifically chose a country… Read More
Michael Strong loved learning but hated school. Now he designs schools that are not dry environments of passivity and dependence, but rather places of inspiration, innovation, excellence, and creativity. Show notes: https://goldnewsletter.com/podcast/escape-the-education-conveyor-belt/.