UK in turmoil post-Brexit as Labour votes to oust leader. Stocks recover worldwide. Interest rates continue to fall while central banks consider deeper cuts. Greenspan warns of major crisis. Gold and silver rise, COTs are “over the top.” Clinton campaigns with Warren, fueling VP speculation. Best Of The Web In gold we trust 2016 […]
One of the first results of Britain’s voting to leave the European Union was a sharply lower pound. Which means the UK is now winning the currency war. Henceforth its exports will be cheaper around the world, enabling its major companies to sell more stuff, make more money and hire more people. Inflation will pop, […]
David Morgan on silver, Nick Barisheff, Marin Katusa and Doug Casey on gold. Max Keiser on economic anxiety. And another chance to watch Brexit, The Movie, in light of that side’s victory.
The following tables illustrate one of the dilemmas of mainstream money management: The vast majority of financial advisers and portfolio managers are big fans of bank stocks because finance is, in their minds, a crucial if not the crucial form of wealth-creating activity in the modern world. So the big names in the field — […]
Brexit is dominating this week’s headlines, but the event itself is less important than what it signifies, which is the increasing loss of faith in governments and central banks. Voters no longer trust big institutions to act in their best interest and are voting for alternatives of various kinds. When this lack of trust spreads […]
Now the real fun begins. Last night Britons voted to leave the European Union, sending shock waves around the world — though not directly or immediately threatening the concept of European integration. But what comes next emphatically does. Emboldened by the Brits, nationalist parties across the Continent are gearing up for exit votes of their […]
Gold analyst Michael Ballanger just posted an article noting how much things have changed — perhaps for the better — in the gold market. Here’s an excerpt: Commercial Traders Have Just Gone Over the Top (24hGold) – With Friday’s Commitment of Traders Report, the ridiculous has just metastasized into the sublime as the Commercial Cretins […]
The Brexit vote is this Thursday, so nothing else matters until then. And polls, just to make it even more stressful, have it neck and neck. See Brexit poll tracker back to even at 44-44. While we’re waiting, let’s consider some related questions: Would leaving the EU be good or bad for Britain in the […]
One of the oddest things in this increasingly odd world is the spread of negative interest rates everywhere but here. Why, when the dollar is generally seen as the premier safe haven currency, would Japan and much of Europe have government bonds — and some corporate bonds — trading with negative yields while arguably-safer US […]
The list of heavy hitters who are saying bad things about this world and its financial markets — while acting aggressively on their pessimism — is growing to alarming proportions. A few examples: Stan Druckenmiller: The bull market is exhausted; move to gold (MineWeb) – Legendary investor Stan Druckenmiller, founder of Duquesne Capital Management LLC, […]
The theory was pretty straightforward: push interest rates down far enough — in some cases to negative territory where borrowers actually turn a profit on their debts — and people will borrow money, spend it, and growth will ensue, with all that that implies for incumbent party election victories, banker year-end bonuses and other extremely […]
John Rubino and Financial Survival Network’s Kerry Lutz on why the gold bull market has legs and how to play it. Also why Libertarians will have at least one thing to celebrate after November’s election, when California legalizes marijuana.
No, not the presidential election. That’s a libertarian nightmare no matter how you slice it. But on that same day, California is apparently going to legalize marijuana. Here’s the LA Times’ coverage of the ballot measure when it got the required number of signatures back in May: California voters getting chance to fully legalize marijuana […]
The first few months of this year gave a little taste of what’s to come for the junior precious metals miners, if this is indeed the start of a new gold/silver bull market. Some sample charts: There were dozens more like this, obscure little miners that soared when investors concluded that maybe they […]
One of the defining traits of the past few years’ “recovery” has been the torrent of money flowing from big banks to favored clients, and from there into trophy properties like high-end real estate, superyachts, and fine art. This might be the first financial bubble to completely bypass the 99%. And now it’s ending. Falling […]