On the heels of Friday’s rally in the gold market, today James Turk told King World News that we are now witnessing a mini-rocket launch in London’s physical gold market. He is also expecting the same rocket launch in silver. “We are finally getting the strength in gold and silver that everybody has been watching… Read More
Miles Franklin sponsored this article by Gary Christenson. Breaking News: COMEX paper gold contracts closed on Friday, June 21, at $1,400.10, up from $1,274 on May 22. Silver closed at $15.29, up from $14.41 on May 29. The S&P 500 Index hit a new all-time high on June 20. Gold closed at its highest price… Read More
After Iran unceremoniously slammed the door on diplomacy, President Trump has decided to tweet his perspective on what happens next. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Trump began by going after the statement from Iranian leadership, blasting that they don’t “understand the words “nice” or “compassion,” they never have,” adding some threats: “Sadly, the thing they… Read More
Today’s Wall Street Has All the Hallmarks of Tulip Mania By Pam Martens and Russ Martens: June 25, 2019 ~ In her 2007 book, Tulipmania: Money, Honor, and Knowledge in the Dutch Golden Age, Anne Goldgar writes that “the f1000 one might pay in January 1637 for one hypothetical Admirael van der Eyck bulb,” could… Read More
At the very moment a Russian warship has docked in Cuba — a mere one hundred miles off the American coast, Russian Deputy Foreign Minister Sergei Ryabkov has slammed US build-up of its weapons systems in Europe by invoking comparisons to the 1962 Cuban missile crisis. Ryabkov made his comments early Monday, the same day the frigate Admiral Gorshkov,… Read More
[Editor’s note: Yesterday we accidentally sent the wrong version of Simon’s article about Kazakhstan. We posted the correct version to the website– and definitely recommend you check it out.] Late last week, the Federal Reserve gave its strongest signal yet that they would cut interest rates soon. And in anticipation of yet another endless flood… Read More
Washington’s Deafness Will Get Us All Vaporized https://news.antiwar.com/2019/06/24/russia-warns-us-buildup-risks-repeat-of-cuban-missile-crisis/ The post Washington’s Deafness Will Get Us All Vaporized appeared first on PaulCraigRoberts.org. Source: paulcraigroberts.org
Blain’s Morning Porridge, from Bill Blain of Shard Capital “They agreed that it was neither possible nor necessary to educate people who never questioned anything.” Apologies about y’day’s outstandingly bad Typo! I was wrong when I wrote the volume of negative yielding Global Debt is around $12.5 bln. It is around $13 trillion! What’s a… Read More
Coal producer Wescoal aims to buy back up to 20% of its shares, its chief executive said on Tuesday, as the Johannesburg-listed miner unveiled a 60% fall in full-year earnings which were hampered by labour disruptions and heavy rainfall. “The second half of the year was marred by labour disruptions, heavy rainfalls, production downtime, and… Read More
After existing-home-sales rebounded modestly in May, hope was high that lower mortgage rates would spark a renaissance in the US housing market… but a shocking 7.8% crash in new home sales in May has blown that narrative out of the water. Against expectations of a 1.6% MoM rise, new home sales plunged 7.8% in May… Read More
Porsche recently announced that it would be recalling over 100,000 vehicles in the U.S. and Canada due to a risk of “fooling drivers into believing the transmission is in park”, and rolling away, according to Car Complaints. While a driver can move the gear shift to the “Park” position, and even remove the ignition key… Read More
Just a quick note to show the various attempts to lift stocks in the last 24-48 hours continue to fail… Dow futs back at Friday’s lows… <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> We’re gonna need more quad witches. And 10Y Yields are slumping back towards post-Fed lows, back below 2.00%… <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> However,… Read More
Home price appreciation in the 20 largest US cities has slowed for 13 straight months, with Case-Shiller reporting that April’s (the latest data) home price growth was just 2.5% YoY – the weakest since August 2012. Month-over-month, home prices were unchanged (worse than the expected 0.1% gain) <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Nationally, home prices decelerated to… Read More
Scores of grounded Boeing 737 MAX planes are lined up at two company facilities, and both locations now resemble airfield parking lots. And it looks at though space is at a premium, because Boeing is also parking its planes in conventional car parking lots. Video was captured by KING 5 NBC showing grounded airliners in car parking lots… Read More
Authored by Lance Roberts via RealInvestmentAdvice.com, For the fourth time, since the end of 2017, the market has set an all-time high. Each previous all-time high has led an almost immediate sell-off. Will this time be different? Such is the belief currently which is being driven primarily by the “Pavlovian” response of a more “accommodative” Federal Reserve which is… Read More
The Diminishing American Economy Paul Craig Roberts Support Your Website https://www.paulcraigroberts.org/pages/donate/ Since June 2009 Americans have lived in the false reality of a recovered economy. Various fake news and manipulated statistics have been used to create this false impression. However, indicators that really count have not supported the false picture and were ignored. For example,… Read More
Just months after Bristol-Myers Squibb and Celgene announced one of the biggest drug industry tie-ups in recent memory back in January, another pharmaceutical industry megadeal has landed. WSJ reports that Abbvie Inc. is nearing a deal to buy Allergan for more than $60 billion, according to people familiar with the matter, as the two big drugmakers… Read More
Despite the fact that Washington had already sanctioned more than 80% of Iran’s economy, so the notion that Ayatollah Ali Khamenei and other senior Iranian officials still have any exposure to the Western financial system is a little ridiculous, President Trump delivered on his promise to impose new sanctions on the Supreme leader and other… Read More
Overview: It is far from clear that the US sanctions against nine Iranian officials, with the foreign minister to be added later brings negotiations any closer. At the same time, US officials trying to keep expectations low for the weekend meeting between Trump and Xi. The heightened political anxiety will have to make room for… Read More
Authored by “Selco” via The Organic Prepper blog, There are numerous reports that an influx of migrants is overwhelming the already-fragile system in the Balkans. You may think this is not pertinent if you don’t live in Europe. But just like the collapse of Venezuela, the Balkan War, and the collapse of Greece, there are patterns of behavior… Read More