Fishin’ trip cancelled: May 14, 2019

DEheadlines_orig

Gold Prices On Fire Thanks To China-U.S. Battle
Consumer Financial Protection Bureau Potentially down the road, if equities slow down, and if the global economy slows down enough, you might see the Fed cut rates, that’s what’s breathing life right now into that gold market… (Continue to full article)

Gold’s Corrective Low Could Be In
Gold hit a 1-month high against the greenback during yesterday’s risk-off session. But given gold’s strength is broad-based, we suspect its corrective low could be in. It’s constructive to see that gold’s breakout was broad-based and not just limited to the USD. Having created a gold basket by taking a simple average of gold versus FX majors, we note that the retracement from the 2019 highs was relatively shallow (which is a sign of strength) and yesterday’s breakout was the most bullish day for the gold basket since October… (Continue to full article)

Down de Shittah

Dow, S&P 500 set for worst May tumble in nearly 50 years amid U.S.-China trade clash
Stocks tumbled Monday, leaving the S&P 500 index off 4.6% in the month to date, and the Dow Jones Industrial Average down 4.8%, with both on track for their worst start to the month through May 13 since 1970, according to Dow Jones Market Data. The Nasdaq Composite Index off 5.5%, was set for its sharpest early May drop since 2000… (Continue to full article)

Illustration by Victor Juhasz

Crisis Begins: Cuba Begins Widespread Rationing Due To Shortages
Last month, the Trump administration imposed new sanctions on Cuba and Venezuela, attempting to tighten the vice on Havana to end its support for Venezuelan president, Nicolas Maduro. As a result, Cuba launched widespread rationing of staple foods and hygiene products due to shortages triggered by US trade embargos. After a month of shortages, Cuban authorities announced Friday the rationed sale of chicken, eggs, rice, beans, soap, and other essential items, “to avoid hoarding and ensure greater access.”… (Continue to full article)

Gold, Bitcoin, & The Gigantic Global Debt Bubble
A failure to appreciate how big this really is explains why investors have been so willing to swallow unrealistic happy talk from both sides. The risk that needs to be discounted in the market isn’t a risk of higher tariffs, but the risk of WW3. The U.S. and China were never going to sign a trade deal and blissfully return to the ways things were. That world is over. We now find ourselves in the very early days of a historic struggle to influence the future… Don’t Wait to Buy Gold – Buy Gold and Wait!… (Continue to full article)

My morning cup o’ coffee… and Oh my God…

Millions Of Californians Will “Plunge Into Darkness” As PG&E Commits To Cut Power During Wildfire Season
As a result of a new plan to cut power on high wind days during wildfire season, millions of Californians could wind up unprepared and in darkness, according to Bloomberg. Now bankrupt PG&E proposed the precautionary plan after a transmission line that snapped in windy weather likely started last year‘s Camp Fire – the deadliest wildfire in state history. The plan addresses the problem of wildfires, but creates another one in the process: blindsiding Californians with days of blackouts… (Continue to full article)

Gold Price Not Going Back To $1,900, It’s Going To $3,000 Or Higher
Amidst market pessimism, one expert sees gold prices climbing to record heights of $3000-$4000 an ounce in the future. “When gold launches higher, they’re all going to be winners… so – here we go again! (Continue to full article)

Maybe It’s Time To Cut The Federal Government In Half
I think the time is coming for an idea that is so old that it is new again: cutting the Federal government in half. The idea is: cancel all Federal welfare-type programs, including all means-tested welfare programs (apparently there are over 150 of… (Continue to full article)

Stocks Crater – 3.5 Trillion Dollars In Global Market Cap Wiped Out – China Considers “Dumping U.S. Treasuries”
Wall Street responded to our escalating trade war with China by throwing a bit of a temper tantrum. On Monday the Dow Jones Industrial Average was down 617 points, and that was the worst day for the Dow since January 3rd. But things were even worse for the Nasdaq. It had its worst day since December 4th, and overall the Nasdaq is now down 6.3 percent in just the last six trading sessions. Of course it isn’t just in the United States that stocks are declining. Since last Monday, a total of approximately $3.5 trillion in market cap has been wiped out on global stock markets… (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.

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