Have you noticed that practically nobody in Washington talks about the national debt anymore? Not so long ago there were committees of concern about the national debt, national debt commissions, people signing petitions, and coalitions in Congress to rein in the debt. But now, at $22 trillion dollars of debt and climbing, there is none […]
Why a Crisis in Inevitible Everyone knows – perhaps I should say “every thinking person” since there are some in Washington who don’t actually know and therefore should not be accused of thinking – that the US debt can’t keep growing forever. When the day arrives that it is evident to all that the US […]
One thing about gold, a defining characteristic that cannot be emphasized enough, is that it does not rely on some one else’s performance or promise. Gold can be physically held in your hands, under your own control. There can be zero separation between yourself and your wealth– no banks to rely on, no brazen boardroom […]
Debt Binging! We can’t let this benchmark event pass without remarking on it. The US national debt hitting $22 trillion, I mean. It’s quite an achievement. All of that money, all $22 trillion of it, had to be borrowed. And borrowed it was, despite the fact that every lender knows it can never be paid […]
Currency Deaths Remind Us Why We Own Gold and Silver Wednesday, 9/12/2018 There is only one answer to the question “how many paper currencies have failed?” All of them. Or stated differently, thousands of them have already failed, while those that haven’t quite given up the ghost yet, the newer ones including the paper Federal Reserve […]
Tuesday September 11, 2018 “Warning Signs Flashing Red!” Gold started off the week little changed, continuing to consolidate around $1200. This leaves us a moment to loop back around and underscore an important item we have already shared with you. But we think it is one that demands repeating. Goldman Sachs’ bear market indicator for […]
US Mint Is Running Out of Silver Eagles Right now everyone is looking for 2018 silver eagles, and few can find them. In fact, the US Mint is running out of silver eagles for this year. They have temporarily sold out of them, but expect more before the end of the year. Last year the […]
Gold Prices are Rising Elsewhere than in the U.S. – Why? This week gold dipped under $1,200. Silver took a hit this week too. It dropped under $15, keeping the gold-silver ratio high. It was able to clamber back some gains by Friday and close up $10, but many investors are favoring treasuries as a […]
After Battling a Strengthening Dollar This Week, Gold Posted a Positive Week by Friday Metals were down in the early part of the week. However on Thursday it got a slight boost that it held onto through Friday. In the end gold posted a positive week despite the earlier losses. The dollar rallied this week […]
Trade War Fears Spark Market Sell Off It was another dramatic week for the markets as the Dow fell over 700 points on Thursday due to trade war fears. In fact it was the worst week for stocks in over two years. President Trump announced the likelihood of tariffs on at least $50 billion worth […]
Fed Chief: Runaway National Debt Problem Should Keep Us Awake at Night It’s no secret that there is a runaway national debt problem in the U.S. The total national debt right now is about $20 trillion and rapidly rising. Federal Reserve chair Janet Yellen was recently on record of saying that she is worried about […]
Tax Reform and D.C. Drama Made for a Wild Week for Gold and the Markets It was a wild week for gold and the markets. The Dow went from breaking above 24,000 to falling over 350 points Friday. Gold also fluctuated rising to just under $1,300 at the start of the week to dropping below […]
Gold Broke Out Over Its 50-Day Moving Average This Week Closing out the week just over $1,290, gold broke out over its 50-day moving average this week. With gold making its second weekly gain, it was building on last week’s safe haven rally. It opened the week at $1,277. Silver opened at about $16.95 and […]
Political Developments Sparked a Gold Rally This Week Gold ended the week around $1,275 after climbing over $1,285 earlier in the week. Political developments sparked a gold rally that broke the rut that gold has been stuck in the last few weeks. Some of these political developments driving the rally were overseas, and some domestic. […]
October Spending Hit a Quarter of a Trillion Dollars The big story right now that no one is talking about is that October spending hit a quarter of a trillion dollars. October is generally considered a better month for the U.S. Treasury Department with the additional revenue of tax extension filers, but even with the […]
DOES THE VIX STILL ACCURATELY MEASURE FEAR? OR IS IT NOW THE DOLLAR? The VIX does not seem to accurately measure fear anymore. The VIX – or volatility index – shows the markets’ 30-day forecast for volatility. It describes implied volatilities, is constructed partly from both calls and puts, is forward-looking, and referred to as […]
Stock Market Rally in Aftermath of Stunning Trump Win Donald Trump’s win Tuesday is seen as a victory over the political establishment and a return to conservatism. The news also triggered a triggered a massive stock market rally. In the long run though, the Trump win will likely mean inflation and debt down the road. As […]
Gold Prices End the Week High on U.S. Economy Growth Concerns and European Bank Stress Test Results Gold closed out July hitting two-week highs and seeing gains through Thursday and Friday to settle at $1350 by Friday close. The metal has entered a new bull market and is now up 26% for the year. There […]