How the Ecommerce Boom Crushes “Mall Retailers” One by One
Ecommerce sales in the second quarter 2019 soared 13.3% from a year ago to a new record of $146 billion (seasonally adjusted), the Commerce Department reported today. In 2018, ecommerce sales reached $522 billion, according to revised data released today; at this rate of growth, ecommerce sales will get close to $600 billion this year. Ecommerce sales have doubled in five years.
Even as the brick-and-mortar landscape is gradually being torn up by ecommerce – something that has been going on for 20 years and may take another 20 years to complete – overall retail sales are growing at a healthy clip. And the survivors among the brick-and-mortar retailers will be those that invest vast sums and successfully make the transition to ecommerce. The others will fall by the wayside… (Continue to full article)
SILVER MARKET: Indicators Setting Up For A Big Move
If we look at certain indicators in the silver market, the price is setting up for a big move. It seems as if mainstream investors are now becoming more worried about the stock and bond markets. With almost $17 trillion in negative-yielding debt in the world, the notion that gold or silver doesn’t earn a… (Continue to full article)
If Gold Is In A Bubble, Then Mine Supply Must Come From The Tooth Fairy
Harry Dent says gold is in a bubble, and according to his analysis, warns that it could go back down to $700. If the gold price were to crash lower to $700, as Dent forecasts, then 50+% of the gold mining industry would have to shut down. Why? Because the top gold miners total cost… OH – Screw Harry! (Continue to full article)
Sixty-years later… it is STILL my go to album…
US Cash Out Mortgage Refinancings Near Housing Bubble Highs Of 2005/2006 As Foreign Homebuyers Pull Out
What happens when home prices soar? We get boatloads of cash out refinancings where homeowners extract accumulated equity in their homes (to pay for things like vacations, college tuition for children, ventures like WUPHF, etc.)
Cash out refinancings, of course, lower the equity cushion that helps reduce default risk. And the US housing market is back near housing bubble highs of 2005 and 2006 (red line)… (Continue to full article)
Buy Gold ‘At Any Level,’ Mobius Says as Central Banks Cut Rates
Gold hit a six-year high this month on prospects for easier monetary policy from the Federal Reserve and other central banks to support growth that’s been impacted by the prolonged trade war between the U.S. and China. With the U.S. Treasury market signalling that a recession may be on the horizon, investors have been swarming into bullion-backed exchange-traded funds.
Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying that accumulating bullion will reap rewards over the long term as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets. “Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up,”… (Continue to full article)
This “Correction” in Gold / Silver Is Not Unexpected
We stated on Saturday, after the precious metals markets closed for the weekend, that we expected to see a down move in both metals, but especially in silver Silver finished the week above the $17.00 mark – not far above, but above. It wouldn’t be surprising at all to see a fairly nice move to the downside on Sunday evening when the “markets” reopen. We believe it will be short lived as we are not the only ones seeing the potential for the bul… (Continue to full article)
The Route To $2,000 Gold
We agree that $2,000 gold is in the realm of reality. We just aren’t sure what our world will look like. The scary part is $5,000 gold. Will there be any Federal Reserve Notes, called “dollars”, to measure gold in that manner? Will it be 5,000 yuan gold or 5,000 ruble gold? Only time will tell how gold will be measured, but my guess is, dollars, Federal Reserve Notes, will not be in the cards. If you don’t think the dollar is going to change… (Continue to full article)
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Protecting Your Wealth is heard at 3:00 p.m. (Eastern Time), each Tuesday and Thursday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.
Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
1 – 623 – 327 – 1778