Saturday, December 14, 2019

Rising Investor Interest in Silver

by Peter Schiff, Schiff Gold:

Interest in silver investment has increased significantly in recent months. According to a report commissioned by the Silver Institute and put together by Metals Focus, silver investment has increased across a range of available instruments including physical metal, exchange-traded products (ETP) and in the futures markets.

Increased market volatility, a return to easy-money policies by central banks, geopolitical uncertainty and deteriorating economic conditions have spurred investment in safe-haven assets including silver. The silver price began the year at $15.44 per ounce. As of the end of September, the white metal was up 11%. Silver posted a yearly high of $19.30 on Sept. 4, a level not seen since 2016.

Taxes, Taxes And More Taxes: The Radical Economic Agenda Of The Left Has A Surprising Level Of Public Support

by Michael Snyder, The Economic Collapse Blog:

The left wants to raise your taxes, and most Americans are okay with that.  I was shocked by the numbers that I am about to share with you, and I think that you will be shocked too.  Once upon a time, being labeled as a “tax and spend liberal” was one of the worst things that could happen to a politician.  During the presidential election of 1984, Walter Mondale was very honest about the fact that he wanted to raise taxes on the American people, and Ronald Reagan absolutely crushed him with that.  In the end, it was one of the greatest election night landslides in history.  But this time around we could potentially see the opposite.  If things go badly for Trump, we could actually see a “tax and spend liberal” turn the map mostly blue in 2020.  I know that sounds very, very strange, but the latest poll numbers show that the American people strongly support raising taxes on the wealthy.

BOOM! NFL Ticket Sales Down 18{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in Week Since Mass Anti-Military Anthem Protests

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by Jim Hoft, The Gateway Pundit:

This had to hurt.

NFL ticket sales down 18{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} down this week.

Last Sunday over 200 NFL players knelt during the US national anthem on Gold Star Mothers Day.

StubHub announced a 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} discount in NFL tickets this week.

And now this…
NFL ticket sales are down 18{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} compared to last year at this time.
The Washington Examiner reported:

The National Football League is feeling the impact of the “Trump Effect.”

Ticket sales since he called on team owners to fire players who take a knee to protest the National Anthem have cratered.

The online ticket reseller TickPick told Secrets that sales have dropped 17.9 percent, far more than the usual Week Three fall.

From TickPick:

  • 17.9 percent decrease in NFL orders this week compared to the previous week.
  • Last year the drop was 10.8 percent in orders on Monday & Tuesday following Week Three games.

“We have seen a massive decrease in NFL ticket purchases this past week in comparison to years past. Week 3 seems to usually have less ticket orders than week 2, but this year ticket purchases are down more than 7 percent from this time last year,” said TickPick’s Jack Slingland.

Several Chargers players torched their shirts and jackets this week.

Read More @ TheGatewayPundit.com

A Global Race To Zero In Fiat Currencies…

by Dave Kranzler, Investment Research Dynamics:

…ushers in the restoration of price discovery in the precious metals market. The price of gold is at or near an all-time in most currencies except the dollar. This summer, however, it would appear that the dollar-based valuation of gold is starting to break the “shackles” of official intervention and is beginning reflect the underlying fundamentals. Gold priced in dollars is up over 14% since mid-November 2018 and over 44% since it bottomed at $1050 in December 2015. But those RORs for gold are inconvenient truths you won’t hear in the mainstream financial media.

Drama in the Oil Markets, But This Isn’t 2007 Anymore

by Wolf Richter, Wolf Street:

How the US shale boom changed the equation. If the attack on Saudi oil facilities had occurred in 2007, it would have caused chaos in the US economy.

The attacks on Saudi Arabia’s largest oil-processing plant at Abqaiq and its second-largest oil field in Khurais on Saturday knocked out about 5.7 million barrels a day of output – about half of Saudi production and about 5% of global production. Saudi military officials told reporters on Monday that the preliminary investigation of “debris and wreckage” shows “it belongs to the Iranian regime,” and that the long-range drones were not launched from Yemen, as Iran-backed Houthi rebels there had claimed.

Precious Metals Are Setting Up For A Major Rally While The Broader Markets Are Primed For A Crash

by Steve St. Angelo, SRSRocco Report:

While many precious metals investors are concerned about the current low prices, I believe gold and silver are setting up for a major rally while the market is primed for a crash.  Why?  Because the broader market technical indicators versus the precious metal have been pushed to opposite extremes.  Thus, when one goes down, the other will rise.  And, we also must remember, gold and silver act as a FEAR TRADE when the conditions get ugly in the market.

The US Government Debt Crisis

by Alasdair Macleod, GoldMoney:

This article explains why the US Government is ensnared in a debt trap from which there is no escape. Its finances are spiralling out of control. In the context of a rapidly slowing global economy, the budget deficit can only be financed by QE and bank credit expansion. Do not draw comfort from trade protectionism: it will not prevent the trade deficit increasing at the expense of domestic production, unless you believe there will be an unlikely resurgence in personal saving rates. We can now begin to see how the debt crisis will evolve, leading to the destruction of the dollar.