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.
Subscribe
Silicon Valley/San Francisco Housing Markets Inventory Increases 102% in a Year
"When inventories are piling up because sales are slowing, sellers have to figure out where the market is, and the market is where the buyers are, but buyers have become listless and refuse to participate in bidding wars. In November, the number of properties on the market with price cuts skyrocketed by over 400% year over year."
READ MORE
Second Regulator Warns on the Systemic Danger of Leveraged Loans
"The Office of the Comptroller of the Currency cautioned in its Semiannual Risk Perspective released Monday that it’s looking at “transactions with increasing leverage, weaker capital structures, and looser credit agreements.”
READ MORE
The Same Rate Inversion That Just Happened Preceded the Last Three Recessions
"Bespoke studied what happens when short-term interest rates rise above longer-term rates and found that when the 3-year and 5-year spread inverts, as it did Monday, other spreads soon follow, and so does a recession."
READ MORE
NY Fed’s Williams: Economy Is Strong and Further Rate Hikes Are Required
Another day, another conflicting statement about what the Fed should do with rates going forward. As is said about weather in New England: If you don't like the Fed's stance on rates, just wait 5 minutes.
READ MORE
Gold Traders' Report - December 4, 2018
On a day when US stock markets fell sharply, with the Dow off almost 800 points, the US 10-year yield recovered to 2.928%, while the DX clawed back to 96.98. Gold was $1,238 bid at 4PM with a gain of $7.
READ MORE
Dollar Falls as Yield Curve Inversion Feeds Recession Fears
"The dollar, which started the week on a weak footing as a thaw in trade tensions between Washington and Beijing sapped demand for the safe-haven greenback, extended its fall as investors fretted about an inversion of the short end of the U.S. yield curve in bond markets."
READ MORE
The Secret Ingredient in the 10-Minute Universal Cancer Screening Test Is Gold
"Researchers from the University of Queensland have invented a new super-quick test for cancer containing gold...and it's likely to be cheaper than other similar tests."
READ MORE
Gundlach: Yield Curve Inversion Means Economy Is About to Weaken
"As of Tuesday morning, the yield on the benchmark 2-year Treasury note hovered at 2.821 percent, above the yield on the 5-year note at 2.811 percent."
READ MORE
Something Wicked This Way Comes: Economic Meltdown
Mike Maloney covers all the trouble brewing in the global economy in this 11-minute video – including data he promised to show you last week.
READ MORE
WSJ: "Big Fracking Profits at $50 a Barrel? Don’t Bet on It"
"The rapid decline of US oil prices will test the claim of fracking companies that they can prosper at $50 a barrel or less, a price level they have found challenging in the past."
READ MORE
Chinese Sellers Liquidated $1B in US Real Estate in Q3
"That was the second straight quarter in which Chinese were net sellers of U.S. commercial real estate. The second quarter marked the first time these investors sold more U.S. property than they bought during a quarter since 2008."
READ MORE
Saxo Bank: "Outrageous Predictions 2019"
"Saxo's team of expert analysts have formulated 10 Outrageous Predictions for the year ahead. Riding roughshod over the consensus, they look at some highly unlikely events that could have a tremendous market impact – if they come to fruition."
READ MORE
"More Crypto Mayhem": Bitcoin Miners Unplug as Price Falls Below Profitable $4,500 Level
"Only a select few can afford to stay in the game: miners with scale, very specific business models and extremely low electricity costs. Fundstrat Global Advisors LLC estimates that about 1.4 million servers have been unplugged since early September."
READ MORE
Turkey Doubles Down on Venezuela Gold Buying in Direct Violation of US Sanctions
“Political problems cannot be resolved by punishing an entire nation,” Erdogan said, with Maduro by his side at a forum attended by business people from both countries. “We do not approve of these measures that ignore the rules of global trade.”
READ MORE
SRSrocco: "IT BEGINS… Rapidly Falling Oil Prices First Guts Tar Sands, Then Shale Oil"
"The rapidly falling oil prices have finally claimed the first victim, but it won’t be the last. The Alberta Canadian government announced late yesterday for a substantial cut in tar sands oil production to stem the hemorrhaging low oil price. The price paid for tar sands oil has fallen a stunning 77% from its peak just two months ago."
READ MORE
The First Yield Curve Inversion in 7 Years Just Happened
And while it's the little-noted 5-3 year portion of the curve, Mish Shedlock expects this is just the first of many inversions to come: "A 3-2 inversion is now in the batters' box. I expect a base hit shortly."
READ MORE
Daniel Lacalle: "Beware of the G20 Trade Deal Mirage"
"The agreement announced between the US and China in the G20 is nothing more than a 'conditional ceasefire'. China has little intention of guaranteeing intellectual property and eliminating capital controls or the immense interference between political and legal power."
READ MORE
Ray Dalio: Here's How the Next Financial Meltdown Will Play Out
"We're in about the seventh inning of the short-term debt cycle. They're tightening monetary policy. Asset prices are fully priced. And we're in the later stages of a long-term debt cycle because the capacity of the ability of central banks to ease monetary policy is limited."
READ MORE
10 Months After Its Debut, the Petroyuan Gains Traction vs. the USD
"In spite of forebodings and shrill alarms, the oil markets continue to function, and China’s futures contracts have established themselves and overtaken in volume terms the dollar-denominated oil futures traded in Singapore and Dubai."
READ MORE
Peru's Gold and Silver Output Both Decline Year-Over-Year in October
"The Peruvian Ministry of Energy and Mines’ latest statistical report reveals that, in the 10th month of the year, the country’s gold output fell by 6.3% when compared to October of 2017. Silver dropped by 9.1% in October when compared to the previous year."
READ MORE