Silver as an investment

Category Archives: Harley Bassman

The Crash Of ’87 Remembered: “It Was Clear The Acapulco Cliff-Dive Was On For Monday”

“The markets in a panic are like a country during a coup, and seen in retrospect that is how they were that day,” wrote a young Salomon bond salesmena named Michael Lewis, of the chaos he witnessed. “One small group of people with its old, established way of looking at the world is hustled from […]

“Canada Is In Serious Trouble” Again, And This Time It’s For Real

Some time ago, Deutsche Bank’s chief international economist, Torsten Slok, presented several charts which showed that “Canada is in serious trouble” mostly as a result of its overreliance on its frothy, bubbly housing sector, but also due to the fact that unlike the US, the average household had failed to reduce its debt load in […]

“It’s Never Different This Time” PIMCO Warns “The Tides Of Risk Will Flow Eventually”

Authored by Harley Bassman, originally posted at PIMCO.com, he old Wall Street expression is “They don’t ring a bell at the top.” This snarky adage is usually employed by those saddened financial managers who ride a successful investment to a peak and then watch in horror as it reverses course to a level below their […]

Precious Metal Pandemonium – Silver Spikes Limit-Up, Gold Surges As China FX Basket Hits Record Low

Update: Silver just exploded above $21 – up almost 8% – its biggest single day surge since September 2013. Silver is limit up on SHFE as Gold is also surging back towards Brexit highs near $1360… China's CFETS Renminbi basket just hit a record low.. All of this is happening as China's currency collapses to […]

ZeroHedge: Pimco Global Economic Advisor Suggests QE Should Buy Equities Next

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Speaking at a panel in the Milken conference titled “Monetary Policy: Out Of Ammunition” moments ago Pimco’s global economic advisor Joachim Fels, formerly of Morgan Stanley and Goldman Sachs, had a few observations on QE vs NIRP, not surprisingly nudging […]

ZeroHedge: Weekend Reading: It’s Probably A Trap

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by Lance Roberts via RealInvestmentAdvice.com, Earlier this week, I noted that due to the technical breakout of the market above the downtrend line from last May, an increase in exposure to equity risk was required. To wit: “With the breakout of […]

ZeroHedge: Pimco Economist Has A Stunning Proposal To Save The Economy: The Fed Should Buy Gold

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Back in December 2014, just before the ECB officially launched its initial phase of QE in which it would monetize government bonds, Mario Draghi was asked a very direct question: what types of assets could the ECB buy as part […]

The Complete FOMC Cheat Sheet: All You Need To Know

The data, according to many analysts, have been broadly supportive, with stronger growth and a tightening in the labor market that should allow the Fed to be "reasonably confident" that inflation will gradually return to target. That said, heightened global risks could lead to a tactical delay. Economisseds remain evenly split on the prospect of […]

ZeroHedge: Jeff Gundlach’s “What Hath QE Wrought” Webcast

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. It’s that time in the quarter, when Jeff Gundlach takes the mic to walk everyone though his latest thoughts on the market, as well as the most recent capital allocation of his fund, DoubleLine, which like PIMCO, had a less […]

ZeroHedge: The “Anti-Widowmaker” Trade: Get Paid To Wait For The Japanese House Of Card To Collapse

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. So many traders think the key to investment riches lies in buying at the bottom or selling at the top: Such a fine but misguided notion. The cold reality is that unless one has (illegal) inside information, you will only […]