NEWS

Gold Traders' Report - May 24, 2018

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.

Russia Seeks Trade War Opportunity to Ditch the USD

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

IMF: US Only Developed Country Expected to Increase 5-Year Debt to GDP

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.

Fed Likely to Raise Rates Again, Still Headed Toward Disaster

"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."

Shadow Rate Shows Fed May Be Nearing the End of Hiking Cycle

The U.S. interest-rate hiking cycle at only about half-done, it may instead be closer to the end.

The Bond Market Just Figured out That Central Banks Cannot Exit

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

1,000 Cuts to Dodd-Frank: Tracking Trump's Wave of Deregulation

President Trump just took another step in his 15-month push to ease regulation of banks, this time putting his signature on the most far-reaching measure yet to loosen rules prompted by the global financial crisis.

Individuals and Governments Alike Flock to Gold in Times of Crisis

"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."

Late-Stage Credit: When There Are No Buyers Left for Inflated Assets

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

Gold: The Ideal Counter-Investment to The Everything Bubble

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

Argentines Brace for Crisis as Nation Again Seeks Imf Help

Word of a potential bailout sent thousands of angry Argentines into the streets this month, some with signs declaring “enough of the IMF.”

Trump Declares Military ‘Ready’ After Kim Summit Collapses

President Trump called the collapse of a planned summit with Kim Jong Un a setback for both North Korea and the world.

Tactical Investment Strategy: Top 10 Reasons to Own Gold Now

"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"

It Costs $685 Billion a Year to Subsidize U.S. Health Insurance

The subsidies come from four main categories. About $296 billion is federal spending on programs like Medicaid and the Children’s Health Insurance Program, which help insure low-income people.

As Macro Factors Move in Gold’s Favor, Shrewd Investors Accumulate

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

London Metal Exchange Explores Trading Futures in Yuan Instead of USD

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

Gold VIX: It Is Starting to Look like It Is About to Light up the Sky

Existing Home Sales Tumble in April as Rate-Hikes Crush Affordability

“We are seeing no breakout in home sales...home prices keep climbing above what many home shoppers can afford"

Global Financial Breakdown Continues

Economic Growth Chokes On Massive Debt Increases