Credit Bubble Bulletin: Just the Facts (September 14, 2019)

By Doug Noland 09/14/2019 For the Week: The S&P500 gained 1.0% (up 20.0% y-t-d), and the Dow rose 1.6% (up 16.7%). The Utilities were unchanged (up 18.8%). The Banks surged 7.8% (up 18.8%), and the Broker/Dealers jumped 5.2% (up 17.0%). The Transports rose 5.0% (up 17.9%). The S&P 400 Midcaps gained 2.7% (up 18.0%), and the small cap [...] Read more

Credit Bubble Bulletin: $150 Billion Global Corporate Bond Binge

By Doug Noland 09/07/2019 After an extraordinary August, markets are showing no inclination for stability to begin September. Jumping 1.3% Thursday on news of an October restart of trade talks, the S&P500 gained 1.8% for the week. The S&P500 ended the week less than 2% from all-time highs. The Semiconductors surged 4.2%, increasing 2019 [...] Read more

The Global Debt Bubble Enters Its Blow-Off Stage

By John Rubino 09/10/2019 People have been talking about a “debt bubble” for some years now. They’ve been right, of course, based on the combination of surging borrowing and plunging rates. But the bubble hasn’t stopped inflating, and recently it entered what certainsly looks like a terminal blow-off stage. Some highlights: Though July, China’s [...] Read more

Is Ebola Evolving Into a Deadlier Virus?

Is Ebola Evolving Into a Deadlier Virus?

An Ebola victim is buried in a Muslim cemetery in the city of Beni, in the Democratic Republic of the Congo. Photograph by Jerome Delay / AP By Richard Preston 08/07/2019 This July, the World Health Organization declared that an outbreak of Ebola in the provinces of Ituri and North-Kivu, in the eastern Democratic Republic of the Congo, was a [...] Read more

For Second Week In A Row, Fed Buys Treasuries (AKA, QE4!?!)

By C Hamilton 08/30/2019 Summary After 250 weeks without a purchase of Treasuries (since Oct. 2014), for the second week in a row, the Federal Reserve bought Treasuries. The $14 billion in purchasing is in stark contrast to zero purchases since Quantitative Easing ended and selling during Quantitative Tightening. When the Fed sells Treasuries, [...] Read more

Government approves Japan Gold’s expansion plans

Government approves Japan Gold’s expansion plans

Kyushu prefecture. Photo by Peter Enyeart, Flickr.) By MINING.COM Staff Writer 08/30/2019 The Japanese Ministry of Economy, Trade and Industry accepted Japan Gold’s (TSXV: JG) new prospecting rights applications in the Southern Kyushu Epithermal Gold Province, which is located on the island of the same name. In a press release, the Canadian miner [...] Read more

The Corroboration and Costs of Fear Gold

By Jeffrey P. Snider 08/27/2019 Gold is the ultimate hedge, but it is far from perfect. Unlike, say, sovereign bonds there should be no expectation for a negatively correlated price. You can buy a UST or German bund even at negative yields and at least expect the price to rise when things are at their worst. Flight to safety or flight to [...] Read more

Gold: the ultimate recession hedge 20 years after Brown Bottom?

Gold: the ultimate recession hedge 20 years after Brown Bottom?

By Arkadiusz Sieron, Sunshine Profits 08/29/2019 The new Alchemist went out at the end of July. And making the choice from its articles is always hard. What gems can we learn from the latest publication of the LBMA? We invite you to read our today’s article and find out! Gordon’s Brown Bottom, 20 years on The first article we would like to [...] Read more

Fake-branded bars slip dirty gold into world markets

Fake-branded bars slip dirty gold into world markets

Fake gold bars – blocks of cheaper metal plated with gold – are relatively common in the gold industry and often not easy to detect. By Peter Hobson; Editing by Sara Ledwith, Reuters 08/28/2019 A forgery crisis is quietly roiling the world’s gold industry. Gold bars fraudulently stamped with the logos of major refineries are being inserted into [...] Read more

UBS says it’s staying long gold as price now destined for $1,600

UBS says it’s staying long gold as price now destined for $1,600

President Donald Trump delivered more hard-line remarks over the weekend. Image: a katz / Shutterstock By Ranjeetha Pakiam, Bloomberg News 08/28/2019 Gold will extend its winning ways as the U.S.-China standoff harms growth, risking a deeper slowdown and inviting more central-bank easing, according to UBS Group AG, which jacked up price forecasts [...] Read more

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