The Federal Reserve voted Wednesday to approve a rate increase and indicated two more are coming this year, bringing the total to four. However, futures traders give the fourth hike just a little better than half a chance of happening. The doubt is fueled over whether the U.S. growth path can continue and if the Fed will want to continue to tighten while its global counterparts remain loose. Jeff...Read More
The numbers: The Empire State manufacturing survey rose 4.9 points in June to a reading of 25, the highest since October, the New York Fed said Friday. Any reading of the diffusion index above zero indicates improving conditions. Economists polled by Econoday expected a reading of 19.1. What happened: There were solid gains for both new orders and shipments, and the employment index jumped 10.3...Read More
Sifting through Twitter, I came across a curious assertion posited as a reply to a post on "unemployment" on Steph Pomboy's twitter feed (@spomboy). The tweeter asked, "have you noticed that gold is being dumped?" But was gold "dumped?" Perhaps the tweeter should have qualified the question with the adjective, "paper," in front of the word "gold."I replied rhetorically with, "is actual physi...Read More
Gold futures settled at the lowest level of the year, just a day after finishing at a monthly high, as the benchmark U.S. dollar index briefly touched an 11-month peak, weighing on assets pegged to the monetary unit. "Looks like the hot money has thrown in the towel," said Adrian Ash, director of research at BullionVault. "Ironically that has caused the very spike in volatility they just gave up...Read More
Bad Hair Day Produces Positive DivergencesOn Friday the ongoing trade dispute between the US and China was apparently escalated by a notch to the next level, at least verbally. The Trump administration announced a list of tariffs that are supposed to come into force in three week's time and China clicked back by announcing retaliatory action. In effect, the US government said: take that China, we...Read More
Futility with PurposePlebeians generally ignore the tact of their economic central planners. They care more that their meatloaf is hot and their suds are cold, than about any plans being hatched in the capital city. Nonetheless, the central planners know an angry mob, with torches and pitchforks, are only a few empty bellies away. Hence, they must always stay on point. Watch for those pitch...Read More
By Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price edged quietly lower in Far East and London trading on their Fridays -- and was down about 4 dollars by the COMEX open in New York yesterday morning. JPMorgan et al were laying in wait. The low of the day was set right at the COMEX close -- and it crawled about five dollars or so higher until around 3 p.m. EDT in the n...Read More
By John MauldinDemographics and DestinyTriple ThreatAssumed DisasterSt. Louis and Trying to Stay HomeIn describing various economic train wrecks these last few weeks, I may have given the wrong impression about trains. I love riding the train on the East Coast or in Europe. They're usually a safe and efficient way to travel. And I can sit and read and work, plus not deal with airport security. B...Read More
By Steve St. AngeloCertain areas of the world are more vulnerable to economic and societal collapse. While most analysts gauge the strength or weakness of an economy based on its outstanding debt or debt to GDP ratio, there is another factor that is a much better indicator. To understand which areas and regions in the world that will suffer a larger degree of collapse than others, we need t...Read More
The Central Bank of Russia has been increasing its gold holdings every month since March 2015 and now has the fifth largest gold reserves in the world. The eastern European nation also sits at number three on the list of top gold producing nations. Why might Russia be buying and digging up so much gold? Joanna Sawicka, emerging Europe research analyst, explains possible reasons behind this buyin...Read More
By Ryan WildayIn articles starting in April I discussed the bullish impulse we had seen off the April lows for nearly every coin I track. And, I discussed how the lows on May 28 were testing levels that, if broken, threatened the continuation of that impulse.Unfortunately, as of writing, those levels have broken. These levels were $7075 in bitcoin (BTC-USD) and $505 in ethereum (ETH-USD). And, w...Read More
Read the latest article at Peak Prosperity: https://www.peakprosperity.com/blog/114113/hard-rains-gonna-fallChristopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the...Read More
Jordan Roy-Byrne shares his thoughts on the drop in gold and silver. He also looks at the overall investing and economic environment to determine what factors need to charge for a more sustainable run in the metals. Focusing on the big picture and understanding it takes time for things to truly change is important for long term investors.Jordan Roy-Byrne, CMT is a Chartered Market Technician and m...Read More
Four Things You Need To Know About the OIG FBI Report...1. Comey Was Insubordinate2. FBI Agent Was Willing to Influence Election3. Five FBI Employees Referred For Investigation4. FBI Leaks and Gifts From MediaBen Swann breaks down some of the most important details from the report in this Reality Check.Read More
Click Here to Listen to the InterviewJames Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment an...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Germany's Interior Minister threatens automatic rejection of refugees by executive order in open defiance of Merkel.Continue...Read More
"This is what happened to my husband and his car today. No accident,out of the blue, in traffic on Santa Monica Blvd. Thank you to the kind couple who flagged him down and"Continue...Read More