The Latest Numbers Tell Us That The Global Economic Slowdown Is Accelerating Dramatically

The Latest Numbers Tell Us That The Global Economic Slowdown Is Accelerating Dramatically

By Michael Snyder 09/23/2019 Economists are already predicting “the world’s lowest growth in a decade”, but it is beginning to look like what we will be facing will be much worse than that. In recent days, numbers have been coming in from all over the planet that are absolutely abysmal. The “global economic slowdown” is rapidly transitioning into [...] Read more

Negative Interest Rates are the Price We Pay for De-Civilization

Negative Interest Rates are the Price We Pay for De-Civilization

By Jeff Deist. Mises Institute 09/18/2019 Do central bankers really think negative interest rates are rational? "Calculation Error," which Bloomberg terminals sometimes display1, is an apt metaphor for the current state of central bank policy. Both Europe and Asia are now awash in $13 trillion worth of negative-yielding sovereign and corporate [...] Read more

Goldman Sachs Has Just Issued An Ominous Warning About Stock Market Chaos In October

Goldman Sachs Has Just Issued An Ominous Warning About Stock Market Chaos In October

By Michael Snyder 09/20/2019 Are we about to see U.S. financial markets go crazy? That is what Goldman Sachs seems to think, and it certainly wouldn’t be the first time that great financial chaos has been unleashed during the month of October. When the stock market crashed in October 1929, it started the worst economic depression that we have ever [...] Read more

The Inevitable Bursting of Our Bubble Economy

By CHARLES HUGH SMITH 09/11/2019 All of America's bubbles will pop, and sooner rather than later. Financial bubbles manifest three dynamics: the one we're most familiar with is human greed, the desire to exploit a windfall and catch a work-free ride to riches. The second dynamic gets much less attention: financial manias arise when there is no [...] Read more

Frank Giustra predicts explosive gold market

Frank Giustra predicts explosive gold market

Frank Giustra. Screen shot from You Tube. Tommy Humphrey’s interview for CEO.ca. By Haley Woodin - Business in Vancouver 09/20/2019 The price of gold is headed for a new high, and when it does, money will flow to companies, predicts mining mogul and philanthropist Frank Giustra, chairman of Leagold Mining Corp. (TSX:LMC). “This is going to be an [...] Read more

Swiss gold exports at highest since 2016 on UK demand

Swiss gold exports at highest since 2016 on UK demand

Image: Generation Grundeinkommen 2013 By Elena Mazneva, Bloomberg News 09/20/2019 Swiss gold exports jumped to the highest since 2016 in August as increased demand from the U.K. continued to offset recent declines in flows to Asia, customs data show. Bullion deliveries to London held at a seven-year high last month driven by a surge in investors [...] Read more

Fed’s gold bull impact

By Adam Hamilton - Zeal Intelligence 09/20/2019 The Federal Reserve’s endless machinations really affect the gold price, sometimes confounding traders with seeming illogicalness. This week the Fed cut rates again, which has really boosted gold in the past. Yet it plunged 1.7% in less than an hour after this latest decision! While gold’s Fed [...] Read more

China’s Golden Corridor – Gold Reserves and Negative Yield

China’s Golden Corridor – Gold Reserves and Negative Yield

By Marin Katusa 08/20/2019 Earlier this year, gold prices hit all-time highs in most major currencies. The British Pound… the Canadian Dollar… the Australian Dollar… the Indian Rupee… the Japanese Yen… the Chinese Yuan… the South African Rand… and more. It also broke above $1,500 in dollar terms. The highest it’s been in 6 years. This shouldn’t [...] Read more

Credit Bubble Bulletin: No Coincidences

By Doug Noland 09/21/2019 September 20 – Wall Street Journal (Daniel Kruger): “The Federal Reserve Bank of New York will offer to add at least $75 billion daily to the financial system through Oct. 10, prolonging its efforts to relieve funding pressure in money markets. In addition to at least $75 billion in overnight loans, the New York Fed… will [...] Read more

China Gold sees Iamgold as good fit — executive

China Gold sees Iamgold as good fit — executive

Rosebel gold mine in Suriname. Image courtesy of Iamgold Corp. By Jeff Lewis; Editing by Denny Thomas, Rosalba O’Brien and Cynthia Osterman. Reuters 09/18/2019 Canadian miner Iamgold Corp would fit well with China Gold International Resource Corp Ltd’s acquisition strategy as the Chinese state-run company seeks to buy producing gold mines, an [...] Read more

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