NEWS
Gold and silver market moving news, curated from the best of GoldSilver's team and around the web. Check back often for updates, or subscribe to get the highlights in your inbox.
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TOP NEWS
Revenge of the Corporate Zombies: 15% of Largest US Companies Are Walking Dead
Believe it or not, 225+ of the largest and supposedly most successful companies are so operationally sick, so incapable of supporting themselves in any way, that they’d be bankrupt in a heartbeat without the zero interest rate policy (‘ZIRP’) loans that amount to a handout from the Fed.
Introducing Mike Maloney's Market Fragility Index: What It’s Saying Now
Mike’s refusal to settle for “good enough” culminated in his own metric: what he calls the Market Fragility Index. Here’s your first look at this new brand new economic indicator, which combines two telltale inputs that spell just how close the market might be to a precipitous collapse.
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All-Time Great Investment Buys Make You Feel Emotionally Wrecked and Physically Ill
“Stocks are awesome and always will be!” is the mental mantra in the head of the average investor right now. They’re wrong. And you’re not the average investor.
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Call It What It Is: "Are You Prepared for the End of Fake Money?"
"Fake money requires an inordinate amount of misplaced confidence to perpetuate its charade. But confidence in the dollar can quickly fall out of favor. Be it a trade war, a currency war, a fighting war, or the mass realization that the Federal Reserve has painted itself into a corner."
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All Hail the Mighty Stock Market, +141% Over Past 20 Years. (Gold +327%)
Lost in the screamo-torrent of nonstop mainstream financial news, shill financial advisors talking their own books to gouge you for fees, and Wall St. spending billions to convince you investing is too difficult and scary to do on your own, if you had just bought gold 20 years ago and wasted no time on such arrogant, lying nonsense? 327% return.
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Right on Cue, With Trade War Options Ending, Trump Starts Jawboning Currency War
As we've been predicting for months, with the unwinnable (for anyone) trade war grinding toward its surefire stalemate and having now publicly exhausted his tariff options, it's currency war time. Trump has begun his campaign to weaken the dollar.
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Trump: "Tariffs on 100% of China Imports"; Fed's Powell: "What Trade War?"
In a spectacular display of willful cognitive dissonance, while the president vocally embraces going max-trade-war and tariff-izing every single Chinese item that crosses US borders, Jerome Powell, the man whose take on the US economy matters most of all, refuses to admit there is any trade war at all.
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A Completely Broken Market: 45-Year Monthly Low Volatility for 10-Year Treasury Yield
Yet more evidence that central bank interference, combined with headline-news-chaos fatigue, has resulted in a stupefied, punch drunk, utterly dazed treasury market. As US economic policy uncertainty spikes sharply higher, the 10-Y "risk barometer" barely has a pulse.
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For Predicting Recession, the Reddish-Brown Metal May Be the Most Prescient of All
Copper is in freefall, having plummeted 18% in one month to a one-year low. It is used for so many different industrial applications that it is often referred to by traders as "Dr. Copper", referencing its uncanny ability to predict recessions: When its price falls sharply, it reflects broad-based business weakness.
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Trump Ready to Put Tariffs All $505 Billion of Chinese Imports
So now the predictable end to the trade war comes into view. No nuance, no strategy...just slap tariffs on absolutely everything. When you've maxed out trade war, next come currency war, and the Chinese already have the jump on Trump, having started to meaningfully devalue the yuan.
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Miller on the Money: Don't Be Fooled, Current Buybacks Are Terrible Investments
"Son, everyone knows what BS is. Well, MS is just more of the same. At the top designation is PhD, meaning piled higher and deeper!” There is no end to the verbal gymnastics and financial trickery corporations will engage in to get you to believe conducting aggressive buybacks in the most overvalued stock market ever is a good idea.
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Real Life ≠ HGTV: 40% of Millennials Are Homeowners; 70% of Them Regret Buying
Welcome to immense long-term debt, relentless upkeep and repair costs you never had to think about as a renter, an inability to move if you can't sell at the price you want, gutted retirement savings you raided for that down payment, lots of chiseling, pure-profit-for-them, no-value-for-you bank/realty fees...for starters.
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Whatever You Do, Don't Look Under the Hood: Beyond Upbeat Sentiment Numbers
As the Philly Fed's headline sentiment number (25.9 vs. expectations of 21.5, wheeeeeee!) tries to sell you a gorgeous used car that's just been washed and waxed, it would really appreciate it if you didn't notice it has no engine, gas tank, or steering wheel.
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You Thought ZIRP Was as Bad as Fed Rate Policy Could Get? NIRP!
Nominal rates are meaningless. All rates must be made 'real' by adding the effects of current inflation. Subtracting CPI year-over-year inflation from the target rate gives us the 'real' story: The Fed is practicing negative interest rate policy.
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The Nonsense of "4% Unemployment" Part 2: Lowest Initial Jobless Claims Since 1969
Right. Again, this is because 95M of the 120M unemployed have already been unemployed for over six months. It's easy to run out of people making 'initial' jobless claims when you already have a giant population who has been long-term jobless and show up nowhere in governmental unemployment stats.
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The Nonsense of "4% Unemployment": Food Assistance at 2008 'Great Recession' Level
Today's "This can't be true if we actually have 4% unemployment" tidbit: Just as many Americans are on food stamps as during The Great Recession. Because we don't have 4% unemployment, because 95M of the 120M able-bodied American unemployed have given up looking for work. And therefore, insanely, don't count as 'unemployed.'
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How Do You Say 'Quantitative Easing' in Mandarin? 'Medium-Term Lending Facility'
The world continues to hurtle at breakneck speed toward the global financial reset abyss, as China's central bank will directly fund banks with ultra-cheap liquidity and one simple goal: "Increase bank lending and bond purchases."
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That Ain't Workin', That's the Way You Do It...Money for Nothing and Your Books for Free
New legislation would make it easier for those with college debt to discharge it via bankruptcy. Borrowing $110,000 from the government to go to art school makes a whole lot more sense when you can just walk away from the debt-indentured life when you're done.
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"Glengarry Glen Ross"-Level Pressure to Sell and Lie to Customers at Wells Fargo
If you wanted to write a Bizarro World modern-day parable along the lines of King Midas, you'd be well served to look to the conmen and charlatans at Wells Fargo, where every line of business they touch turns to fraud. After a secret internal shift to robo-advisory, “The firm made it very clear that we could not discuss the fact that we were no longer managing the portfolios,” one former advisor said.
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How to Achieve 10x Returns On Your Investment
The Coming Super-Bubble in Gold & SilverThere are numerous catalysts both inside and outside the market for precious metals that could push the prices of gold and silver much, much higher. The greater the economic upheaval, the greater the potential for gold and silver to explode, and potential detonators include:
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A "Strong Dollar" Sounds Nice, Is Disastrous for $1-Trillion-Deficit Government Like US
"The US plans to run a $1T deficit in 2019. Under these circumstances, a strong USD is a major problem. When you borrow in USD (issue US denominated debt) you are effectively shorting the USD. With every tick higher in the USD, it is becoming more and more difficult for the US to fund its debt expenses."
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