Precious metals are apparently waking up. And here is where you can find the best deals.
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Many Indians have thwarted a government policy to bring the underground economy out of the shadows by converting their "black money" into gold.Last fall, the Indian government announced a surprise demonetization policy meant to drive so-called black money out of the shadows, declaring current 1,000 and 500 rupee notes would no longer be valid. The suddenly worthless note notes made up 86% of the currency in circulation in the country at the time. The move made virtually all of the cash in India valueless.
The world cannot fix its debt problem overnight. In the near future we see a sustained period of economic drought and gold price abundance.
The precious metals sector is on a major buy signal:
(25th Percentile Growth Goes Negative!) .... bear in mind that the expectation of household spending growth has been slowing since December 2014 (see orange line). The decline merely accelerated…
While the US is experiencing a fiasco with healthcare insurers pulling out of states leaving some states with only 1 or zero insurers (and healthcare premiums skyrocketing in many states), there is a fiasco north of the border as well with Alt-A mortgage lender Home Capital. Home Capital is seeking ADDITIONAL emergency funding as…
Michael Hudson on the latest round of Greek debt negotiations. The pain continues, but why?
Last week, I discussed the issues behind President Trump's announced "tax plan" and why, due to the increase in the national debt, that it may not spur the
American consumers are once again spending beyond their means. Just a few months ago there was a startling headline reporting that US consumers now had over $1 trillion in credit card debt outstanding. That seemed astonishing in itself but now looking at debt levels in other sectors we find that
Any company should look for prosperity in Texas or Florida and forget California. The State is beyond help at this stage.
... It's Not Enough
As Billionaire Eric Sprott points out in this MUST WATCH interview with SGT Report, the reason behind the down-move is actually the opposite of what you may think:
American workers, as a whole, are facing a disagreeable disorder. Their debt burdens are increasing. Their incomes are stagnating. There are many reasons why. In truth, it would take several large volumes to chronicle all of them.
Silver Expert David Morgan Warns We Are Poised on a Precipice FAR Graver Than in 2008...
A mysterious buyer known only as the "50 cent" trader has been betting big on a U.S. market fail. We take a look at what their motives are and who it could be...
Commercial real estate loan delinquencies are rising once again through CMBS data, and this is forming a worrying trend.
The events leading to the downfall of Home Capital, which is Canada's largest alternative mortgage lender - and what it could mean for global investors.
Commodity prices tend to move dramatically when the market realizes there’s a serious supply/demand mismatch.
Precious metals expert Michael Ballanger explains why he trades precious metals using ETFs, but has penny stocks as his long-term holdings.