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The Guns of August: Day 20

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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)

[Got physical… close at hand?]

Let’s do something about that…

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

gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on The Guns of August: Day 20

Unsound money, unsound economy

Most people who have undertaken a formal study of economics end up accepting such things as the necessity of a central bank to prevent or at least ameliorate recessions. They take as a given the need for government intervention in the economy, or if not as a given, as explained by countless historical incidents of injustice. Perhaps most of all, they regard anyone calling for an unregulated gold coin standard as so hopelessly backward and naive that refutation becomes a matter of rolling one’s eyes. Continue reading

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The Guns of August: Day 16

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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)

The Gold Bull Is Alive And Kicking
When the debt implodes, so will most of the assets financed by the debt. Because assets generated by printed money or debt can by definition not be worth anything since the money that created them was free money with ZERO intrinsic value. Money only has a real intrinsic value when it is the result of a service or produced goods. But it has zero value if it is printed or just generated by a book entry. Thus worthless IN and worthless OUT!

And this is what the world will soon experience. The 2006-9 rescue package of around $25 trillion followed by the doubling of global debt from $125 trillion in 2006 to over $250 trillion today, will be the last time for decades or maybe longer that it will be possible to create worthless money out of thin air and con the world into believing that this is real wealth… (Continue to full article)

WOW! What a Spectacular Failure: Gold / Silver Bounce After Attempted Beat-Down
Seeing the glass half-full usually works best. In this case the glass may as well be overflowing as both gold and silver, so far, have fended off a major attack. With the lies being exposed from the “Russia did it” narrative to the latest line of garbage, “Epstein committed suicide” it seems no one, I mean no one, believes anything coming from officialdom. Have they completely lost control of the narrative on every front??? (Continue to full article)

Nixon Ends Bretton Woods International Monetary System (Video from 1971)

The Precious Metals Are Setting Up For Big Moves Higher
After six long years, the precious metals are finally setting up for BIG MOVES higher. Even though the gold price has increased significantly over the past two months, we haven’t seen anything yet. Of course, gold has already enjoyed big moves in other currencies such as the British Pound where it has reached an all-time new high.However, we have to be a bit more patient for gold to reach a new high in the U.S. Dollar as the Federal Reserve… (Continue to full article)

Wells Fargo Blindsides Customers By Charging Thousands In Overdraft Fees On ‘Closed’ Accounts
It seems like barely a quarter goes by without Wells Fargo being exposed for some abusive practices, like opening millions of fake credit card accounts, or selling customers of its auto loans insurance that they didn’t really need (but that the company insisted they did).

In the latest violation, the New York Times reports that Wells Fargo continued to charge overdraft and other charges to customers even after closing their accounts for one of a myriad reasons… (Continue to full article)

“Explosive Upside” – Why Have Silver Prices Lagged Gold?
…the reasons for [silver’s] subdued performance are transitory and that it will outperform gold again as the next precious metals cycle continues to rapidly unfold.

If silver prices end up at the latter values, it would once again be in line with the 2:1 silver-to-gold performance we typically experience in precious metals bull cycles. Either way, silver prices have explosive upside potential over the coming years… (Continue to full article)

The Next Recession Is Going to Be Brutal
Market-watchers enjoying their first sip of coffee around 6 a.m. might have done a spit-take. For a brief period Wednesday morning, yields on two-year Treasury bonds were higher than those on ten-year ones — a short-term investment was seen as riskier than a long term one, and the return therefore higher — a signal that can portend major trouble for the economy. The last time the yields “inverted” was in 2007, before the “great” recession; the two times before that also directly preceded recessions. The dynamic flipped back before markets opened Wednesday, but stocks nevertheless dropped amid new fears of serious economic trouble ahead… (Continue to full article)

Hi-Ho Silver, awaaay

Silver To Push To $22 An Ounce, Drive Gold Higher
n research notes released this week, Mike McGlone, Bloomberg Intelligence senior commodity strategist, voiced his bullish outlook for silver. He said that he sees potential for prices to push to $22 an ounce. “The elevated gold-silver ratio and its potential for reversion favors advancing silver,” he said. “With gold unchanged near $1,500 an ounce, revisiting the mean would imply a silver price near $22 an ounce.”

However, it won’t be an easy ride higher… (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

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

gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on The Guns of August: Day 16

The History of the World is a History of Gold

The history of gold is nearly as long as the history of human civilisation. Gold has been inextricably linked to human civilisations since at least 6000 BC. There is absolutely no way of looking at the history of the world without encountering the history of gold. Continue reading

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The Guns of August: Day 8

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“Carry” Trade: Armed Men Steal $2.5 Million In Gold Coins From Mexico’s Mint
Mexico’s Federal Mint Headquarters was looted yesterday during the day, with armed thieves making off with invaluable items, including gold coins, from a vault, according to Reuters and the South Wales Guardian. The incident happened at a “Casa de Moneda” branch located in Mexico City, which as we reported last week has succumbed to the deadliest violence on record.

The armed robbers were described as “clean cut, young looking men” and are said to have stolen gold coins, watches and other valuables. One robber reportedly filled a backpack with 1,567 gold coins, each of which are valued at about $1,610, according to Mexican bank Banorte. This would put a price of at least $2.5 million on the robbery. Local Mexican media is reporting that the stolen items were worth up to 50 million pesos, or about $2 million U.S…. (Continue to full article)

The American Public Is Over-Leveraged: Bankruptcies Are Up 5%
More and more Americans are getting themselves into so much debt that it becomes impossible to pay back their loans. In the month of July, there was a 5% increase in the number of bankruptcies filed in the United States.

Bankruptcy petitions for consumers and businesses are on the rise. While the rise seems “slight,” this could be a glaring sign that the “everything bubble” is going to pop. According to Market Watch, there was a 5% monthly increase in total bankruptcy filings in July 2019, the American Bankruptcy Institute said this week. There were 64,283 bankruptcy filings, up from 62,241 for the same period last year. And the year totals are shaping up to be much worse.

In a “booming” economy, this is worrisome. Far too many Americans are spending way too much more than they make. There were 452,797 filings in the first seven months of 2019, up from 450,568 during the same period last year. There were roughly 1,000 more consumer bankruptcies at this point this year, compared to the same point last year, the organization added. This rise in bankruptcies is coming off a ten year low… (Continue to full article)

Just too damned cool… Harrison is the best of them all!

Central Banks Are in Panic Mode — for Good Reason
On July 30, 2019, the day before the U.S. central bank, the Federal Reserve, cut interest rates by one-quarter of one percent, the yield on the 10-year U.S. Treasury note closed the day at 2.06 percent. Early this morning, the yield on the 10-year U.S. Treasury stood at 1.65 percent, a stunning decline of 41 basis points in 8 days. A yield evaporation on U.S. sovereign debt that resembles a snow cone in July is not consistent with a strong economy. It is consistent with a seriously sputtering economy and a stock market out over its skis in terms of valuation. In addition to the collapsing yield in the benchmark 10-year, we now have a seriously inverted yield curve with the 3-month T-bill yielding 2.01 percent this morning versus the 10-year T-note yielding 1.65 – a difference of 36 basis… (Continue to full article)

Gold At All-Time Highs In Foreign Currencies And With Little Resistance Until A $1550 US Dollar Price
Could this US dollar price rally go to $1700 in the near-term?

Gold against foreign currencies hits an all-time high as Gold closes around the $1475 resistance. Gold has support at $1425 with limited resistance from here until $1550. The path of least resistance remains higher in the short-term until Gold tests $1550… (Continue to full article)

We Should Let The Banks Burn Down
In later 2008 during what is now referred to as the Great Financial Crisis, government and financial managers had an opportunity to reset a badly out of balance banking system. It would have required pain from bank bondholders, shareholders and taxpayers in general. Everyone recognized the banks were burning down, seemingly out of control. We should have let them burn down.

What we have done in the decade past that point is going to make the problem an order of magnitude greater. The next time we see the banks burning down we need to let them… (Continue to full article)

The Scent of $1,500 Gold and Silver Will Be Moving Much, Much Higher!
We have seen both gold and silver climb higher and higher over the course of 2019. Just as we forecast back in December 2017 when we first spelled out how gold and silver would be reaching for new annual average highs as 2021-2023 approached. In order for gold to climb by more than $400 in just a couple of years there would have to be serious upside movement for a sustained time frame. That timeframe is now underway. Not only is this happening…… (Continue to full article)

Silver Setting Up 70s Style Rally In The Midst Of Financial Collapse?
Silver Setting Up 70s Style Rally In The Midst Of Financial Collapse? We are currently at an important point of the economic cycle. The end or peak of debt-based assets, and the significant appreciation of real assets like… (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

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

gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on The Guns of August: Day 8

The Guns of August: Day Six

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U.S. Stocks Plummet as Gold Moves Closer to $1500
At its low the Dow Jones Industrial Average was down well over 900 points trading to a low of 25,523.38. Although it closed off of its lows the Dow lost 767.27 points today, which is a net decline of 2.90%, as it settled at 25,717.74. At the same time gold prices surged to the highest trading point over the last six years with December futures trading to a high of $1481.80. Currently gold futures are at $1476.00 which is a net increase of $18.50, gaining 1.27% on the day… (Continue to full article)

The case for owning gold keeps getting stronger
Bullion prices surged Monday, while everything else fell apart, rising 1.5% to a fresh six-year high. Gold is proving the hot asset of the trade battle between Donald Trump and China.

Gold has now risen a hefty 17% since the moment last December when Trump warned: “I am a Tariff Man.”

During that time it’s left a lot of other popular investments trailing in the dust. It’s beaten the stock index by a hefty 15 percentage points, include three on Monday. It’s crushed popular investments like Apple, Alphabet, GOOGL, and Netflix. It’s beaten Tesla by 53 percentage points… (Continue to full article)

The title alone says it all… but then, Lee Ann is such a story teller!

As gold and silver catch fire, what’s happening?
The New York Commodities Exchange’s gold market has been operating very differently, with most contracts seeking delivery converted into a formerly rarely used mechanism called “exchange for physicals” whereby they are settled somewhere off the exchange, apparently in London. Until recently this mechanism was said to be used only in emergencies. Now it seems to be settling most Comex gold contracts. The implication is that there is little or no gold available immediately in Comex vaults. Whatever it means, there is a huge change here… (Continue to full article)

NEXT 5 YEARS NOT ABOUT WINNING BUT SURVIVING
The messages from the ECB and the Fed couldn’t be clearer. They are seeing major problems in the financial system and in the world economy and they will do whatever it takes to save the system. But they will fail.

The autumn of 2019 will see a major shift in sentiment as markets turn from a secular bull to a secular bear. We are likely to see major crashes in many global stock markets. Virtually no one is prepared for this so there will be both panic and despair… (Continue to full article)

Gold Hits Multi-Year Highs On Monday Morning, Lagging Silver Price Presents Amazing Opportunity
Fundamentally speaking, after the two horrific shootings that took place over the weekend, gold & silver now will begin to price-in a renewed, overly ambitious US Federal government looking to snatch-up even more of We the People’s Freedom & Liberty all the while becoming more intrusive, obstructive, controlling, and, quite frankly, more imposing of its will by means of brute force.

In other words, I said it is now obvious the “Fear Trade” is on with gold, and it’s about to start kicking into high gear… (Continue to full article)

Wall Street to Come Under Scrutiny in September House Hearings
On July 31, 2019, the US Federal Reserve decreased the Federal Funds Rate (FFR) by 25 basis points. We believe the US Fed was pushed to take this action for three reasons that are directly related to the fear and greed that is abundant in the global markets. Gold is reacting to the US Dollar/Fed news by rotating within the black line and magenta arc levels that we highlighted weeks ago. These Fibonacci Price Amplitude Arcs highlight key price levels that are acting as resistance for Gold right now. Once price breaks these levels, Gold will skyrocket above $1550 and likely target $1650 or higher… (Continue to full article)

Buckle Up, It’s About to Get Nasty
Stocks are a bloodbath this morning as trade war worsens between China and the U.S.

Last week, President Trump threatened to hit China with another 10% in tariffs on $300 billion worth of goods. Over the weekend China retaliated by

The S&P 500 is falling hard on the news. We’ve had a confirmed breakdown from the bearish rising wedge formation (red lines). We’ve also taken out support (blue lines)… (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

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

gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on The Guns of August: Day Six

The Guns of August: Day One

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The Most Splendid Housing Bubbles in America, July Update: Year-Over-Year Declines Spread to Seattle
Seattle House prices fall year-over-year, as do New York & San Francisco Bay Area condo prices. Los Angeles, San Diego tick up. Denver, Boston hit highs. Las Vegas, Miami, Phoenix aspire to the crazy peaks of Housing Bubble 1… (Continue to full article)

Gold the Ultimate Asset as Fed Joins Interest Rate Race to the Bottom
With yesterday’s rate cut, the US rejoins the global central bank game of currency debasement and QE to infinity… (Continue to full article)

Schiff: “Either [Powell] Is Lying, Or He’s A Complete Idiot”
“It doesn’t have a lot of ammunition to cut rates, and so I think we’ll get to zero relatively quickly. And we’ll stay there until the Fed completely loses control of this thing.”… (Continue to full article)

Bernie, It’s Time to Audit the New York Fed
On July 21, 2011 the investigative arm of Congress, the Government Accountability Office (GAO), released the first-ever government audit of the Federal Reserve in its 98-year history. The audit came about as a result of the determined efforts of Senator Bernie Sanders to force transparency on the secretive Wall Street bailout actions of the Federal Reserve during the 2008 financial crash and the years that followed. It’s time to do it again… (Continue to full article)

Gold and Silver Are “Safe Haven Money” and Have Never Failed Throughout History
“I feel called to this … I feel it is my duty to educate as many people as possible” Watch interview here – The Fed is engaged in “extend and pretend” but we are in the “end game”– U.S. bonds are no longer safe due to negative yields and th… (Continue to full article)

Leading Indicator of Home-Remodeling Activity Warns Big Drop Coming
Growth in residential remodeling spending is expected to fall through 2H20, according to the Leading Indicator of Remodeling Activity (LIRA) published by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University… (Continue to full article)

Gold, Silver Prices Smacked By Not-So-Easy Fed
Gold and silver markets have been hit hard by Wednesday afternoon’s Federal Reserve Open Market Committee (FOMC) statement and the ensuing press conference from Fed Chairman Jerome Powell. While the Fed cut U.S. interest rates, Powell was not as dovish as many metals bulls had hoped. December gold futures were last down $22.00 an ounce at 1,416.00. September Comex silver prices were last down $0.415 at $15.99 an ounce… (Continue to full article)

Gold Prices Climb As U.S. ISM Manufacturing Index Misses Expectations
Gold prices saw an uptick following a miss in the headline manufacturing index from the Institute for Supply Management, which came in 51.2% in July.

Market consensus called for the index to come in at 52% in July following a reading of 51.7% in June. Readings above 50% in such diffusion indexes are seen as a sign of economic growth, and vice-versa… (Continue to full article)

Sensuous… but day to day is making no difference…

The Economy Is Starting To Implode
Regardless of the Fed Funds rate policy decision by the FOMC today, the economy is spinning down the drain. Lower rates won’t help stimulate much economic activity. Maybe it will arouse a little more financial engineering activity on Wall Street and it might give a temporary boost to mortgage refinancings. But the economic “recovery” of the last 8 years has been an illusion based on massive money printing and credit creation. And credit creation is de facto money printing until the point at which the debt needs to be repaid. Unfortunately, the system is at the point at debt saturation. That’s why the economy is contracting despite the Fed’s best efforts to create what it incorrectly references as “inflation.” (Continue to full article)

Simply Unaffordable! US Housing Affordability Crisis Seeps Into Heartland
Low mortgage rates and thriving employment should be the recipe for a strong housing market. Instead, they’re deepening America’s affordability crisis.

What began on the coasts, in areas like New York and San Francisco, is now radiating into the nation’s heartland, as well as to cities from Las Vegas to Charleston, South Carolina. Entry-level buyers are scrambling to purchase homes that are in short supply, sending values soaring… (Continue to full article)

“Blessed With Stupidity.” Why Gold is Poised for a Dynamic Five Years
Here we’ve put up with Central Banks saying we’re going to print money, we’re going to go to zero interest rates, and it will be the antidote to everything and we’ll have wonderful economies. And here we are—we don’t have a wonderful economy. I’m thinking of Europe in particular. We don’t have a wonderful economy! We have negative interest rates, and what does Mr. Draghi say? ‘Well, we’re going to cut rates and we’re going to print more money.’ Well, you know, it didn’t work the last time! Why do you think that it’s going to work this time? Isn’t that the definition of stupidity?… (Continue to full article)

[Got physical… close at hand?]

Let’s do something about that…

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

gold@kettlemorainepreciousmetals.com

Posted in Double Eagle Headlines | Comments Off on The Guns of August: Day One

The End?: If The Federal Reserve Cuts Interest Rates Now, It Will Be An Admission That A Recession Is Coming

So there is a lot of buzz that the Federal Reserve is about to cut interest rates – and it might actually happen. We’ll see. But if it does happen, it will directly contradict the carefully crafted narrative about the economy that the Federal Reserve has been perpetuating all this time. Fed Chair Jerome Powell has repeatedly insisted that the U.S. economy is in great shape even when there has been a tremendous amount of evidence indicating otherwise. And of course President Trump has been repeatedly telling us that this is “the greatest economy in the history of our country”, but now he is loudly calling for the Federal Reserve to cut interest rates as well. Something doesn’t seem to add up here. Continue reading

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