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Articles related to Trillion
 
Egon von Greyerz - Matterhorn AM
HUBRIS KILLS WHILST GOLD PROTECTS
Hubris is a deadly sin. It is an arrogance and conceit of the highest degree that eventually leads to failure. As we reach the final stages of the current economic cycle, hubris is prevalent everywhere. Central bankers and bankers believe that they can continue to create wealth by printing and borrowing money. Since it has worked so well for 100 years in this latest cycle, why can’t it continue? The laws of nature can’t be set aside Throughout history, governments have attempted to set aside th
Thursday, June 22, 2017
Phoenix Capital - Gains Pains & Capital
Are Central Banks Getting Ready to Crash the System Again?
While investors pile into Tech Stocks based on endless promotion from the financial media, the US economy is rolling over. Last week the NY Fed downgraded its economic forecast for 2Q17 to just 1.9%. Even worse, it is now forecasting 2017 total growth to be a measly 1.5%. Yes, 1.5%. There is a clear trend to this chart… and it’s NOT up. Source: NY Fed Wait, it gets worse. The Citi Surprise Index has collapsed to levels not seen since 2011. Source: Yardeni Research Why does this level matter? T
Wednesday, June 21, 2017
Andy Hoffman - Miles Franklin
Valuation Anomalies Suggest Historic Precious Metal Lows
Today, we’re going to start with an interview with billionaire Frank Giustra – perhaps, Canada’s most famous mining stock promoter.  Who, in this interview, comes as close to accusing gold of being manipulated as mainstream investors are “allowed.” Do you think the gold market is manipulated? No, I don’t think it is manipulated.  Manipulation is a strong word. But I do believe it is managed, by the policy makers who need to keep confidence in a system when it goes sideways.  Any major spike in t
Wednesday, June 21, 2017
Graham Mehl
Forget the Stock Market, Pay Attention to This
You can take this to the bank: Americans are messed up about money. A slew of new surveys and data have come out revealing that we don’t save enough, we spend money we don’t have, we have our financial priorities backwards — and more. Here are five new stats that prove Americans are backwards about money. About 1 in 4 literally have no emergency savings. A survey released Tuesday by Bankrate.com found that 24% don’t have even a single dollar saved for an emergency. And that’s just one of many s
Wednesday, June 21, 2017
Andy Hoffman - Miles Franklin
My Newest “Most Likely To Catalyze The Big One”
Today’s article is one of my scariest yet; as, after watching events unfold in the world’s most notorious geopolitical hotspot in recent weeks, it’s difficult to come up, using my best Spock-like logic, with an alternative conclusion to the potentially catastrophic one I’ll discuss today.  Which, if it occurs, may catalyze not only the financial “big one” we all know is coming, but an era of political, geopolitical, economic, and monetary destabilization unlike; and potentially, unparalleled in
Tuesday, June 20, 2017
USA GOLD - USA Gold
The Daily Market Report: Gold Defensive on Firmer Dollar and Stocks
USAGOLD/Peter Grant/06-19-17 Gold is edging lower, weighed by a firmer dollar and revived risk appetite, which has driven stocks higher. However, a number of factors continue to offer fundamental underpinnings to the market. While NY Fed President Dudley reiterated today the optimism expressed in last week’s FOMC statement, one has to wonder if the central bank can really continue tightening with the anticipated fiscal stimulus stalled in Congress. Senate republicans are acknowledging they are n
Monday, June 19, 2017
Bullion Vault
Gold Price Hits 1-Month Low as En Marche! Wins France, Fed Chiefs Speak, UK Starts 'Hardest Talks Ever'
GOLD PRICES eased lower on Monday morning in London, touching a 1-month low after French President Emmanuel Macron saw his En Marche! party sweep to victory in parliemantary elections, writes Steffen Grosshauser at BullionVault. The UK government of Theresa May meantime began its Brexit negotiations with the European Union after losing its parliamentary majority at this month's election.
Monday, June 19, 2017
Andy Hoffman - Miles Franklin
Precious Metals VS. Crypto-Currency And Mainstream Investments-“Revisited”
Two days after the most suicidal, hubristically arrogant policy statement in FOMC history, by an institution desperate to maintain the dead propaganda meme of “growth”; and with it, the Cartel’s “response” – gold remains less than $20/oz below its 5½ year downtrend line, and $20/oz above its 200 week moving average; whilst silver – in my view, more undervalued than at any time in history – is just a buck below its 200 week moving average, but a full $0.65/oz above its 5½ year downtrend line.  In
Sunday, June 18, 2017
Jason Hamlin - Gold Stock Bull
GDXJ Sell Off is a Blessing in Disguise
I. The Bond Market Loses Confidence in the Fed After the Fed hiked rates and highlighted their balance sheet unwinding plans last week, bond yields further dropped. This means there is a significant lack of confidence in the economy and doubt in the Fed by bond investors. Why does this matter? Because bond investors are predicting a recession, so they buy bonds which pushes yields down. But the Fed is claiming that everything is going swell, so they are hiking rates. This is causing the yield cu
Saturday, June 17, 2017
Przemyslaw Radomski CFA - SunshineProfits
Fed’s Normalization Plan and Gold
On Wednesday, the Fed issued addendum to the Policy Normalization Principles and Plans. What does it mean for the gold market? The FOMC not only hiked interest rates at its last meeting, but also laid out a plan to unwind its $4.5 trillion balance sheet. In the May edition of the Market Overview, we wrote that the normalization process “will be passive, gradual and well communicated to the market. And the size of the balance sheet will not return to the pre-crisis level.” Indeed, the Committee “
Saturday, June 17, 2017
Peter Schiff - Euro Pacific Capital
  Here Comes Quantitative Tightening
All of a sudden the Fed got a little tougher. Perhaps the success of the hit movie Wonder Woman has inspired Fed Chairwoman Janet Yellen to discard her prior timidity to show us how much monetary muscle she can flex when the time comes for action.  Although the Fed's decision this week to raise interest rates by 25 basis points was widely expected, the surprise came in how the medicine was administered. Most observers had expected a “dovish” hike in which a slight tightening would be accompan
Friday, June 16, 2017
Mish - Global Economic Analysis
Are Banks Hoarding Cash? Debate Over “Free Money” Interest on Excess Reserves
In response to Free Money! Banks Paid $22 Billion to Not Lend? I received a comment from economist Professor George Selgin who said I do not know what I am talking about. Selgin made similar comments about Chris Whalen, Chairman of Whalen Global Advisors LLC,  in two supporting links. I also received a Tweet from economist Professor Steve Keen who said: “Mish Nails It“. Both viewpoints cannot be right. Let’s explore competing viewpoints on lending excess reserves, banks hoarding cash, and free m
Friday, June 16, 2017
Sprott Money
Falling Rocks in the Promised Land - Gary Christenson
Yes, traumatic market events (falling rocks) occur, even though markets are “managed,” statistics are manipulated, and politicians pretend to care about something besides their next election. From John P. Hussman, Ph.D. Fair Value and Bubbles: 2017 Edition “Unfortunately, investors seem to have concluded that central bank easing is omnipotent, despite the fact that the Fed eased persistently and aggressively, to no effect, through the entire course of 2000-2002 and 2007-2009 market collapse
Friday, June 16, 2017
Mish - Global Economic Analysis
Batty Ideas: Boiling Frogs and BATs
The widely believed boiling frog theory says if put a frog in boiling water it will jump out but if you slowly raise the temperature it will stay in until it dies. The theory is wrong, frogs will not stay in water to be slowly boiled to death. Nonetheless, the boil them slowly idea lingers on in many forms. For example, Rep. Kevin Brady Floats 5-Year Phase-In of Border Adjustment Tax. The top House Republican tax legislator floated a five-year phase-in to his controversial “border adjustment”
Friday, June 16, 2017
Chris Powell - GATA
UK currency traders abandon extradition fight, agree to face charges in NY
By Alan Tovey The Telegraph, London Tuesday, June 13, 2017 A trio of City of London traders charged by the U.S. Department of Justice with rigging the $5.3 trillion per day currency markets have agreed to go voluntarily to the United States and not battle extradition proceedings. The three men -- part of an online chat group called "the Cartel," which is alleged to have been used to manipulate foreign exchange deals -- have struck the deal, which will allow them to return to Britain ahead of the
Friday, June 16, 2017
Egon von Greyerz - Matterhorn AM
  WILL GOLD REACH $2.6 MILLION OR JUST $150,000
Last week, we were again reminded of the global instability and disequilibrium. In the UK, the conservative Prime Minister Theresa May decided 9 weeks ago to call an election. This was done due to the conservatives being 20 percentage points ahead of their Labour rivals in the opinion polls which would have led to a strong backing for the Brexit negotiations as well as another five years in power. But things went disastrously wrong. An extremely badly run campaign by Mrs May and an opportunistic
Friday, June 16, 2017
Bullion Vault
Everything Falls vs. Dollar After Fed, BTC -20 from Top, Gold Prices 'Look to Next Hike'
GOLD PRICES fell to new multi-week lows against all major currencies Thursday morning, dropping to $1254 per ounce for Dollar investors as all other tradable asset classes also fell following the Federal Reserve's decision to raise US interest rates despite weakening economic data. The Fed also said it plans to start "normalizing" its balancesheet – swollen to $4.4 trillion by QE money creation and bond buying – sometime in 2017, giving a possib
Thursday, June 15, 2017
Mish - Global Economic Analysis
Fed Lays Out Plan to S L O W L Y Reduce Balance Sheet: How Long Will It Take?
In addition to hiking today, the Fed announced its Plan to Shrink Asset Holdings Beginning This Year. Balance sheet reduction hasn’t started yet, nor did the Fed even say when it would start. Since the Fed will announce the start date in advance, its eye would appear to be focused on December. Once balance sheet reduction starts, the cap will be $10 billion a month rising to $50 billion a month, on a schedule not posted. How to Build Up a Balance Sheet The initial $10 billion cap on reductions
Thursday, June 15, 2017
USA GOLD - USA Gold
Gold retraces a portion of earlier gains after mixed message from Fed.
USAGOLD/Peter Grant/06-14-17 Gold has retraced a portion of today’s earlier gains after the Fed raised rates as expected. However, the overall guidance message was rather muddled. The Fed apparently no longer sees the Q1 slowdown in growth as “transitory,” and yet the nudged their 2017 GDP forecast up to 2.2%. They also still see themselves on a path for at least one more rate hike this year. The Fed cut it’s PCE inflation forecast for 2017 to 1.6%, from 1.9% in March. They do not seem particula
Wednesday, June 14, 2017
USA GOLD - USA Gold
Fed hikes interest rates despite declining inflation
CNBC/Jeff Cox/06-14-17 The Federal Reserve approved its second rate hike of 2017 even amid expectations that inflation is running well below the central bank’s target. In addition, the Fed provided more detail on how it will unwind its $4.5 trillion balance sheet, or portfolio of bonds that includes Treasurys, mortgage-backed securities and government agency debt. …The Fed now believes inflation will fall well short of its 2 percent target this year. The post-meeting statement said inflation “ha
Wednesday, June 14, 2017
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