Silver as an investment

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Illinoisation: Puerto Rico’s General Obligation Bond Falls Below $50 For First Time (= 20.88% Tax-Equivalent Yield)

wallstreetexaminer.com / by Anthony B Sanders • August 18, 2017 This is a syndicated repost courtesy of Snake Hole Lounge. To view original,click here. Reposted with permission. The (Un)Commonwealth of Puerto Rico, whose General Obligation bonds are in default, just saw their 5.75% coupon bond fall below $50 for the first time. READ MORE The post Illinoisation: Puerto Rico’s General Obligation […]

Bitcoin Cash Soars 70% Overnight Amid Bitcoin Uncertainty & China Crackdown

zerohedge.com / by Tyler Durden / Aug 18, 2017 1:26 PM Bitcoin Cash soared overnight, spiking as high as $569 (from below $300) as renewed uncertainty around Bitcoin re-forking, reports that the first 8mb block has been mined, and fears over further crackdowns in China on Bitcoin tradingsparked demand for the forked currency, pushing it back up to the 3rd biggest cryptocurrency […]

Greg Weldon: Gold is a “coiled spring… the breakout is here, fundamentals are in place, technicals are compelling”

news.goldseek.com / Mike Gleason / Friday, 18 August 2017 Mike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and even authored a book in 2006 titled Gold Trading Boot […]

Why There Will Be No 11th Hour Debt Ceiling Deal

zerohedge.com / by Tyler Durden / Aug 18, 2017 1:12 PM Authored by MN Gordon via EconomicPrism.com, A new milestone on the American populaces’ collective pursuit of insolvency was reached this week.  According to a report published on Tuesday by the Federal Reserve Bank of New York, total U.S. household debt jumped to a new record high of $12.84 trillion during […]

Global Industrial Trends Coalesce

financialsense.com / KURT KALLAUS / Aug 18, 2017 The global economy began a new expansion phase in 2016 after the oil market exited a severe 2-year recession. We have highlighted many examples of improving financial risk, new record highs in leading indicators and a rebound in industrial commodities. A good measure of the underlying strength of the […]

Gold Miners’ Q2’17 Fundamentals

zealllc.com / Adam Hamilton / August 18, 2017 The gold miners’ stocks have spent months adrift, cast off in the long shadow of the Trumphoria stock-market rally.  This vexing consolidation has left a wasteland of popular bearishness.  But once a quarter earnings season arrives, bright fundamental sunlight dispelling the obscuring sentiment fogs.  The major gold miners’ just-reported […]

Rig Count Drops Most In 7 Months As ‘Traders’ Panic-Buy Crude Futures

zerohedge.com / by Tyler Durden / Aug 18, 2017 1:03 PM The US oil rig count dropped 5 to 763 last week, the biggest drop in 7 months. However, crude production from the Lower 48 has surged (rising the most since June last week) to the highest since July 2015. Even with today’s sheer farce panic-buying squeze higher in WTI crude, oil […]

AUGUST 18/2017*/STEVE BANNON OUSTED/BREITBART PROMISES “THERMONUCLEAR WAR”/GOLD DOWN 35 CENTS/SILVER DOWN 4 CENTS ON 7TH CONSECUTIVE RAID/DEBORAH WASSERMAN SCHULTZ’S AIDE CHARGED.

harveyorganblog.com / by harveyorgan / August 18, 2017 GOLD: $1286.15  DOWN $0.35 Silver: $17.02  DOWN 4 cent(s) Closing access prices: Gold $1284.50 silver: $16.99 SHANGHAI GOLD FIX:  FIRST FIX  10 15 PM EST  (2:15 SHANGHAI LOCAL TIME) SECOND FIX:  2:15 AM EST  (6:15 SHANGHAI LOCAL TIME) SHANGHAI FIRST GOLD FIX: $1291.88 DOLLARS PER OZ NY PRICE OF GOLD AT EXACT SAME […]

Art Of The Deal Coauthor Says Trump Will Resign By End Of The Year: “Presidency Is Effectively Over… The Circle Is Closing At Blinding Speed”

shtfplan.com / Mac Slavo / August 18th, 2017 Tony Schwartz, the man who co-authored Art of the Deal with Donald Trump in 1987, now says that the President will likely resign before the end of the year. In a series of Tweets earlier this week Schwartz showed his disdain for the President and echoed the sentiments of top Democrats […]

Bannon Ousted From The White House

zerohedge.com / by Tyler Durden / Aug 18, 2017 12:37 PM Confirming earlier reports from Matt Drudge and the NYT, on Friday afternoon the White House confirmed that Trump decided to push out his chief strategist, and the man who according to many got him elected, Stephen Bannon. “White House Chief of Staff John Kelly and Steve Bannon have […]