Friday, December 14, 2018

Nearly Half of S&P 500 Stocks in Bear Market


by Peter Schiff, Schiff Gold:

US stock markets took another nosedive last week. Analysts blame the selloff on fears that the arrest of a Chinese businesswoman could derail apparent progress in resolving the trade war between the US and China. But during an interview on RT America, Peter Schiff said that while the arrest of Meng Wanzhou might have sparked the selloff, it wasn’t the underlying reason.

This is a bear market. That’s why the market went down. If it wasn’t that, they would have found another excuse. If we were in a bull market, I think the market would have shrugged it off. So, we’re going lower.”

Keiser Report: Predatory Lending As The Way to Respectability (E1317)

from RT:

In the second half, Max interviews Michael Pento of about the latest in markets and yield curves: does the inverted yield curve even mean anything?

50% of Global Stocks Now In A Bear Market! 2018 WORST Year Since Financial Crisis!


from The Money GPS:

Gerald Celente – Will Central Banksters Boost Markets?

from Gerald Celente:

SOLA 8.36 Global Warming Super Hegelian Dialectic

from TruthNeverTold:

Gold and Silver Price Goals For Year End – Craig Hemke (11/12/2018)


by Craig Hemke, Sprott Money:

Each of the past five years, we’ve predicted a year-end and new-year rally in precious metals. And for each of the past five years, the market has performed as forecast. So, what can be expected as 2018 becomes 2019?

Let’s begin with the past. As mentioned above, each of the past five years have seen year-end gold and silver price rallies. These rallies have begun around the time of the December FOMC, they have persisted through any remaining tax-loss selling, and they extended into the new year. Specifically,

  • COMEX gold saw a mid-December 2013 low of $1190. By early March 2014, it traded as high as $1388.

Jeff Clark – Gold and China, Perfect Together

by Kerry Lutz, Financial Survival Network:

Jeff Clark says that it’s no secret that China has been acquiring vast sums of gold over the past decade. He believes that when the true extent of their acquisitions is revealed it will lead to a major rally in precious metals prices. The Chinese have also been busy buying up and investing in mining projects around the globe. In addition, gold contracts on the Shanghai are settled in physical metal, which is further pulling gold out of the West. Taking all these factors into consideration, at some point the price of gold is almost certain to rise substantially.

Click HERE to Listen

The RISE Of The Cashless Society & The TRUTH About Bitcoin with Jeff Berwick

from World Alternative Media:

HAS PEAK DIESEL ARRIVED?? The Data Doesn’t Look Good

by Steve St. Angelo, SRSRocco Report:

Has Peaked Diesel arrived?  Well, if so, it is terrible news for the automobile and trucking industry as well as the overall economy.  I came across this information from an article written by Antonio Turiel on his The Oil Crash website.  The article provides some sobering data suggesting that the global production of diesel fuel may have peaked.

Furthermore, due to the peak of conventional oil in 2005 and the considerable increase of U.S. shale light tight oil, the production of heavy fuel oil (not diesel, rather bunker fuel for ships, etc.) has also declined.  Turiel explains in the article The Peak of the Diesel: 2018 Edition, that the refineries cannot make as much diesel from the U.S. light tight shale oil, so they are forced to crack the heavier fuel oil to make diesel.  If true, what we have here is the cannibalization of the refinery system to continue to produce diesel at the expense of the heavier fuel oils.

The Trade War Is Not The Problem With The Global Economy

by Dave Kranzler, Investment Research Dynamics:

I chuckle when the hedge fund algos grab onto “positive” trade war headlines and trigger a sharp spike in stock futures.  Settlement of the trade war between the Trump Government and China will do nothing to prevent a global economic recession – a recession which will likely deteriorate into a painful depression.  The Central Bank “QE” maneuver was successful in camouflaging and deferring the symptoms of economic collapse.  Ironically, treatment of the symptoms made everyone feel better for a while but the money printing ultimately served only to exacerbate the underlying financial, fiscal, economic and social problems that blossomed after the internet/tech bubble popped.

Gold and Global Financial Crisis Redux

by Jim Willie, Gold Seek:

The Global Financial Crisis, a broader deeper more powerful systemic crisis than the Lehman Event was, has finally arrived in a great redux. It is seen in numerous areas. We have finally arrived at the ten-year anniversary of the Lehman event, a killjob whereby JPMorgan and Goldman Sachs bought a few $billion in mortgage bonds and never paid Lehman Brothers. The firm died, called a financial failure, but was actually a strangulation. Goldman went on to capture AIG, in order to claim 100 cents per dollar on insured mortgage bonds, a second crime. The Wall Street banks, under the leader Henry Paulsen as the managing USTreasury Secretary, completed the third crime, by pitching the $700 billion TARP Fund. They stole it, using the fund for enriching themselves with redeemed preferred stock, instead of making the funds available for lending purposes. Here ten years later, nothing has been fixed. In fact, all the abuses heaped upon the mortgage finance sector have been repeated in sovereign bonds. The USTreasury Bond has become a subprime bond, financed by pure monetization, almost no actual bonds buyers, $trillion annual deficits, auctions rigged, with hidden demand from the derivative machinery. It qualifies as a Third World debt security. The corporate bonds were routinely abused in stock buybacks, hardly ever ploughed back into the business. High yield bonds are the norm now, along with the wrecked Emerging Market bonds. There are many analysts who call the current situation the Everything Bond Bubble.