Precious metals news

Eric Sprott slams gold and silver markets that "make no sense".

A chart from my Daily Edition on Wednesday. Tom McClellan on Twitter

Tom McClellan on Twitter: “My latest Chart In Focus article: "DJIA Arriving at the Real Seasonal Peak"

The NYSE has released new data for margin debt, now available through June. The latest debt level is down 0.2% month-over-month. The June data gives us an additional sense of recent investor behavior.

The trade that usually happens is the one that hurts people the most, and dollar weakness fits the bill.

Expert just figured out why economists always fail to understand

On deck is another round of destructive asset price deflation, brought about by Central banks who cannot see the obvious.

In other words, higher yields, higher credit risk premium, higher volatility, lower risk prices, market crash.

Ronnie Stoeferle,CMT

The participation rate rose from 62.8% to 62.9%, as the number of workers out of the labor force declined by 156K to 94.657 million.

But it's probably nothing...

"Interest rates are low, there's only one direction in which they can go, & when they start they will be rather rapid,"

"Just give us complete authority over all your money and everything will be fine"

The relationship between rising rents and a larger homeless population is particularly strong in four metros -- LA, New York, D.C. and Seattle.

There isn't much room for chance...

Quickly draw your own conclusions

States continue to pass measures that chip away at the Federal Reserve’s monopoly on money by facilitating and encouraging the use of gold and silver.
Under a bill recently signed into law by North Carolina Gov. Roy Cooper signed a bill into law investors will no longer have to pay state sales taxes when they buy gold and silver. The new law removes an important roadblock in the way of their everyday use as money, taking the first step toward breaking the Federal Reserve’s monopoly. With the governor’s signature, the law went into effect retroactively to July 1, 2017.
A month earlier, Louisiana Gov. John Bel Edwards signed a similar bill into law that went into immediate effect.
While repealing state sales taxes on precious metals may seem like a relatively small step, it removes one barrier to owning gold and silver and eliminates a penalty on the use of sound money.

The Dow cracked 22,000 this week, marking the third 1,000-point milestone in 2017. The Dow industrials are up 20% since election day.
In fact, Pres. Trump is taking credit for the rise. As the Dow approached the 22,000 mark, the president tweeted that the market has gone up 4,000 points since his election.
In his most recent podcast, Peter Schiff once again points out that the economic fundamentals don't support this stock market bull run, saying there are cracks in the foundation.

Quiet but dire warnings from the other "hard asset class" have implications far beyond Canada. Here's some of them...

Markets are not cheap by any measure. If earnings growth continues to wane, or interest rates rise, the bull market thesis will collapse as “expectations” collide with “reality.”