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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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."
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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.
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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."
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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."
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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."
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"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."
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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.”
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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."
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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."
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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."
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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."
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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."
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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."
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EU Introduces Three-Pronged 'De-Dollarization' Plan to Promote Use of Euro
"With Russia actively de-dollarizing, along with Iran, and China slowing its Treasury purchases (while publicly proclaiming support) but promoting its petroyuan contracts, Europe's shift away from the petrodollar could be more posturing or could be the end of the beginning of the end of the dollar's reign as reserve currency."
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Lance Roberts: "Misdiagnosing the Risk of Margin Debt"
"Margin calls force the borrower to either put in more cash or sell assets to cover the debt. The problem is that “margin calls” generally happen all at once as falling asset prices impact all lenders simultaneously. Margin debt is NOT an issue – until it is."
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Gold Traders' Report - December 3, 2018
The 10-year yield slipped to 2.982% (3-month low), but the DX climbed to 97.06. Gold was pressured lower but found support and was $1,231 bid at 4PM with a gain of $9.
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Synchronized Market Meltdown: The 117-Year Record That Shows What The Everything Collapse Looks Like
The confluence of the most overvalued stock market of all time, an impending Everything Collapse, and the most undervalued gold of a lifetime. Seldom are opportunities gift-wrapped this nicely. And just before the holidays, too.
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Trump, Calling US Defense Spending "Crazy", Seeks Reduction in US Defense Spending
"Trump has championed increased spending on the military and in August signed a colossal defense spending bill, authorizing a top-line budget of $717 billion to cover a litany of spending."
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Gold, Silver & Crypto Update (Insider Exclusive)
In this exclusive Insiders video, Mike Maloney revisits one of the most important aspects to successful investing – psychology. Get an insight into where Mike thinks we are in the gold, silver and crypto markets and how human emotions always play a massive role.
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Art Cashin: Fed Won't Raise Rates, and I Say So
"Cashin, the UBS director of floor operations at the NYSE, says he expects that a hike is still "locked in" for December."
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