GoldSilver Blog

Could the next recession be upon us? In his latest video, Mike Maloney shows five startling pieces of evidence that add up to bad news for the US economy...

The 10-year yield climbed back to 2.98%, and the DX recovered to 93.80. Gold drifted back to $1304 and was $1304 bid at 4pm with a gain of $11.

"The possibility of switching from the US dollar to the euro in settlements depends on Europe’s stance toward Washington’s position."

That countries like China and Russia continue to stockpile gold and launch currency initiatives designed to provide alternatives for world investors will only hasten the USD’s decline.

"When the mainstream finally admits to a specific fiscal threat which has been gestating for years, we should be concerned, because this likely means a crisis is already upon us."

In the last month, both the ECB & the BOJ have “thrown in the towel” regarding any kind of monetary tightening.

"Toward the end of the presentation, the president said that in order to raise prices, he was adopting a new policy: He was establishing a market for gold in the United States."

"The Federal Reserve and the dollar don’t stand a chance. The rising part of the credit market cycle will be their death knell."

The central-bank inflated asset bubble spans the globe. Fortunately, so does gold, offering an inversely correlated investment.

"Number 6: Central banks are adding to their bullion reserves. Since 2010, global central banks have been net buyers of gold as they move to diversify their reserves, with net purchases totaling 371 tons in 2017"

"The fundamental drivers of American inflation are arguably as strong or even stronger now than they were in 1968."

"The LME, which is owned by Hong Kong Exchanges and Clearing (HKEX), currently allows traders to use the Chinese currency as collateral."

I was inside the Fed for almost a decade & have never seen such a blanketed propaganda campaign to come out with a new way to explain inflation

"In Q1, the delinquency rate on credit card debt at banks other than the largest 100 – so at the 4,788 smaller banks – spiked to 5.9%, higher than at the peak during the Financial Crisis."

"Numerous times over the past 20-years the ratio has found this level to be support, where a rally in the ratio took place, reflecting strength in Silver over Gold."

Fed actions can yield results "entirely contrary to the nature of a free market...and that should be the real takeaway."

"The NASDAQ implosion in 2000 and the Great Recession of 2008 are the last two occasions when the yield curve inverted and caused investors to lose most of their retirement nest egg. But that doesn't mean you have to be a victim yet again."

Late European hours gold came roaring back with an out-sized up move to take out $1296 to reach its high of $1297.90, but resistance in front of $1300 held.

"The next panic will be unstoppable without extreme measures — including IMF money printing, and lockdowns of banks and money market funds."