from The Money GPS:
New Silver Bull Coming
by Adam Hamilton, Silver Seek:
Silver has been dead money over the past year or so, relentlessly grinding sideways to lower. That weak price action has naturally left this classic alternative investment deeply out of favor. Silver is extremely undervalued relative to gold, while speculators’ silver-futures positions are extraordinarily bearish. All this has created the perfect breeding ground to birth a major new silver bull market, which could erupt anytime.
Silver’s price behavior is unusual, making it a challenging investment psychologically. Most of the time silver is maddeningly boring, drifting listlessly for months or sometimes years on end. So the vast majority of investors abandon it and move on, which is exactly what’s happened since late 2016. There’s so little interest in silver these days that even traditional primary silver miners are actively diversifying into gold!
The Global Financial System Is Unraveling, And No, the U.S. Is Not immune
by Charles Hugh Smith, Of Two Minds:
Currencies don’t melt down randomly. This is only the first stage of a complete re-ordering of the global financial system.
Take a look at the Shanghai Stock Market (China) and tell me what you see:
A complete meltdown, right? More specifically, a four-month battle to cling to the key technical support of the 200-week moving average (the red line). Once the support finally broke, the index crashed.
Spending America Into Oblivion: Business as Ususal
by Peter Schiff, Schiff Gold:
Spending America into oblivion has become business as usual on Capitol Hill.
On Friday, Pres. Donald Trump signed a $1.3 trillion dollar spending bill. The legislation funds the federal government through the remainder of the 2018 budget year, which ends Sept. 30.
The bill directs $700 billion to the military and $591 billion to various domestic agencies. According to the Washington Post, military spending will increase $66 billion over the 2017 level, and the nondefense spending comes in at $52 billion more than last year.
As The Economy Teeters On The Brink Of A Recession, U.S. Debt Levels Are Absolutely Exploding
by Michael Snyder, The Economic Collapse Blog:
We now have official confirmation that the U.S. economy has dramatically slowed down. In recent days I have shared a whole bunch of numbers with my readers that clearly demonstrate that a new economic downturn has begun. And even though stock prices have been rising, the numbers for the “real economy” have been depressingly bad lately. But what we didn’t have was official confirmation from the Federal Reserve that the economy is really slowing down, but now we do. According to the Atlanta Fed’s GDPNow model, the economy is growing “at a 0.3 percent annualized rate in the first quarter”…
When 43% of Americans Can’t Pay for Food and Rent, We Can Safely Say the Economic Collapse Is HERE
by Daisy Luther, The Organic Prepper:
You know all those reports about how lots of Americans can’t afford a $1000 surprise expense like a medical bill or a car repair? Well, forget additional expenses. It turns out that nearly half of the families in America are struggling to pay for food and rent. And that means that the economic collapse isn’t just “coming.” It’s HERE.
United Way has done a study on a group of Americans they call ALICE: Asset Limited, Income Constrained, Employed. The study found that this group does not make the money needed “to survive in the modern economy.”
MAKE AMERICA CAPITALIST AGAIN! Liberate US From Mercantilism
by Wayne Jett, Classical Capital:
Select any important aspect of American life: finance, banking, economic policy, politics, environmental policy, religion, education, communications media or entertainment. Examine and you will find it is dominated by the vastly powerful global cabal which seeks the near-term end of every nation. This does not describe a capitalist society. It describes the medieval system of social domination called mercantilism – the mortal enemy of capitalism – as it has existed across much of the world for the past 400+ years.
Gold Production On The Cusp of Peaking
by Tom lewis, Gold Telegraph:
Gold is valuable because it is a finite resource. What happens when all available gold is mined and processed? There is still abundant gold deep within the earth, but it has not yet been found. Mining companies are unable, to dig deep enough. It is difficult for them to know where to locate this deep gold. All known locations have been depleting for years.
That is the reason mining gold has become more difficult and output is expected to begin decreasing steadily. The precious metal is becoming harder to find.
