Wednesday, December 21, 2016

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saveyourassetsfirst3


Why The Fed Might Actually Raise Rates 3 Times in 2017

Posted: 21 Dec 2016 12:00 PM PST

Two Words: Donald Trump…   From Michael Snyder: Now that Donald Trump has won the election, the Federal Reserve has decided now would be a great time to start raising interest rates and slowing down the economy.  Over the past several decades, the U.S. economy has always slowed down whenever interest rates have been raised […]

The post Why The Fed Might Actually Raise Rates 3 Times in 2017 appeared first on Silver Doctors.

Interview with Mike Swanson, WallStreetWindow

Posted: 21 Dec 2016 11:09 AM PST

I share my latest thoughts on Gold, gold stocks and the stock market.

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The post Interview with Mike Swanson, WallStreetWindow appeared first on The Daily Gold.

Major Warning Signal: Euro Is Heading For Parity With The US Dollar

Posted: 21 Dec 2016 11:00 AM PST

The collapse of the euro is accelerating, and it looks like we could be staring a major European financial crisis right in the face early in 2017.    From Michael Snyder: On Thursday, the EUR/USD fell all the way to $1.0366 at one point before rebounding slightly.  That represents the lowest that the euro has […]

The post Major Warning Signal: Euro Is Heading For Parity With The US Dollar appeared first on Silver Doctors.

MASSIVE Currency Moves Impact Global Markets Today: Precious Metals Whacked

Posted: 21 Dec 2016 10:15 AM PST

The Bank of Japan signaled it will keep loose monetary policy while the perception of tightening monetary policy by the Federal Reserve dominates market expectations. Off to the races! The yen started to swan dive against the dollar, and euro dives after terrorist attack. It could get even more ugly for the remainder of the […]

The post MASSIVE Currency Moves Impact Global Markets Today: Precious Metals Whacked appeared first on Silver Doctors.

Silver Prices Recover After Huge Yen Decline; Dollar Crisis Ahead?

Posted: 21 Dec 2016 10:10 AM PST

Tuesday, silver was blasted lower as Bank of Japan monetary policy sent the yen declining against the U.S. dollar by about 1% – a huge move.  But silver made a full recovery:    TND Podcast Exclusive:  Welcome To Dystopia & SD Metals & Markets Doc is headed on vacation.  Jason Burack and I are filling […]

The post Silver Prices Recover After Huge Yen Decline; Dollar Crisis Ahead? appeared first on Silver Doctors.

“Still Holding Gold” Trends Forecaster Destroys FOMC’s “Fake News” Market Propaganda

Posted: 21 Dec 2016 10:00 AM PST

The Fed shook markets last week by forecasting 3 rate hikes in 2017. Trends Forecaster Gerald Celente is STILL HOLDING GOLD However…   INTRO PRICING: $2.79/oz Over Spot, Any Qty! 2017 2 oz Silver Queen's Beasts The Griffin

The post “Still Holding Gold” Trends Forecaster Destroys FOMC’s “Fake News” Market Propaganda appeared first on Silver Doctors.

Alasdair Macleod On Trump, Russia, & China

Posted: 21 Dec 2016 09:00 AM PST

Even before he takes office, President-elect Trump is turning the world upside down:   From Alasdair Macleod: It has become clear his attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already wresting power from the deep state, causing it great resentment, which under Obama, Clinton and the […]

The post Alasdair Macleod On Trump, Russia, & China appeared first on Silver Doctors.

Attempt to Trigger WW3? Assassination of Russian Ambassador “A False Flag Operation By the West”

Posted: 21 Dec 2016 07:50 AM PST

Several Russian officials, including Putin, are convinced it was an effort at sabotage by the West.     From Mac Slavo: Will there be peace again in our lifetimes? That remains to be seen. As you have probably heard, Russian Ambassador to Turkey Andrey Karlov was shot dead Sunday night at an art gallery right […]

The post Attempt to Trigger WW3? Assassination of Russian Ambassador "A False Flag Operation By the West" appeared first on Silver Doctors.

Gold to $5,000?: Legendary Gold Investor Jim Sinclair Warns The Great Reset Is In Place

Posted: 21 Dec 2016 06:10 AM PST

The means to the Great reset is in place and moving forward. Physical gold will be between $3000 and $5000 bid and offered by China, Russia and others.   Here is your scenario: Submitted by Jim Sinclair, JSMineset: Dear Comrades in Golden Arms.   What is left to go before the Great Reset?   The […]

The post Gold to $5,000?: Legendary Gold Investor Jim Sinclair Warns The Great Reset Is In Place appeared first on Silver Doctors.

Fund Manager Warns: US Stock Market Is About To Go “Super Nova”

Posted: 21 Dec 2016 04:08 AM PST

China is dumping Treasuries and corporate executives are dumping stocks.  Total U.S. debt outstanding hits new highs daily.   Once again "smart money" is unloading its paper "assets" on an unsuspecting public. The delinquency and default rates in mortgage, auto and credit card debt is beginning to spike up, according to the latest reports made […]

The post Fund Manager Warns: US Stock Market Is About To Go "Super Nova" appeared first on Silver Doctors.

Gold: The Wait For Inauguration Day – Stewart Thomson

Posted: 21 Dec 2016 02:00 AM PST

Gold has a cyclical tendency to decline ahead of a rate hike, and rally after it is announced. This time, the US election may delay the rally, but create one that is bigger and more sustained than the rally of 2016. Here's why:   Submitted by Stewart Thomson: At this time last year, most gold […]

The post Gold: The Wait For Inauguration Day – Stewart Thomson appeared first on Silver Doctors.

Breaking News And Best Of The Web

Posted: 21 Dec 2016 01:37 AM PST

US stocks, interest rates, dollar at recent and/or record highs. Worries about valuation are spreading. US housing starts plunge as higher mortgage rates begin to bite. US auto sales turn down, numerous factories scaling back. Italian banks restructuring and raising capital as government begins bail-out. Terrorist attacks in Turkey and Germany.   Best Of The […]

The post Breaking News And Best Of The Web appeared first on DollarCollapse.com.

Trump’s Economic Team is a Gathering of Goldbugs

Posted: 20 Dec 2016 07:52 PM PST

trump goldAccording to Paul Krugman, Trump was installed by Putin and his economic team is a ‘gathering of goldbugs.’ I’m sure he meant that last part in a condescending way, although I view it as flattery. We all know that John Paulson has been bullish on gold and predicted the price of gold would rise in […]

U.S. Economic Confidence Surges To The Highest Level That Gallup Has Ever Recorded

Posted: 20 Dec 2016 07:49 PM PST

donald-trump-accepts-the-nomination-public-domainGallup’s U.S. Economic Confidence Index has never been higher than it is today.  The “Trumphoria” that has gripped the nation ever since Donald Trump’s miraculous victory on election night shows no signs of letting up.  Tens of millions of Americans that were deeply troubled by Barack Obama’s policies over the last eight years are feeling optimistic about the future for the first time in a very long time.  And it is hard to blame them, because what we have already seen happen since November 8th is nothing short of extraordinary.  The stock market keeps hitting record high after record high, the U.S. dollar is now the strongest that it has been in 14 years, and CEOs are personally promising Trump that they will bring jobs back to the United States.  These are things worth getting excited about, and so it makes perfect sense that Gallup’s U.S. Economic Confidence Index has now risen to the highest level that Gallup has ever seen

Americans’ confidence in the economy continues to gradually strengthen after last month’s post-election surge. Gallup’s U.S. Economic Confidence Index averaged +10 for the week ending Dec. 18, marking another new high in its nine-year trend.

The latest figure is up slightly from the index’s previous high of +8 recorded in both of the prior two weeks. The first positive double-digit index score since the inception of Gallup Daily tracking in 2008 reflects a stark change in Americans’ confidence in the U.S. economy from the negative views they expressed in most weeks over the past nine years.

And of course this booming level of confidence is not just reflected in Gallup’s numbers.  As I discussed in a previous article, the mammoth shift in the results of CNBC’s All-America Economic Survey after the election was nothing short of historic…

The CNBC All-America Economic Survey for the fourth quarter found that the percentage of Americans who believe the economy will get better in the next year jumped an unprecedented 17 points to 42 percent, compared with before the election. It's the highest level since President Barack Obama was first elected in 2008.

The surge was powered by Republicans and independents reversing their outlooks. Republicans swung from deeply pessimistic, with just 15 percent saying the economy would improve in the next year, to strongly optimistic, with 74 percent believing in an economic upswing. Optimism among independents doubled but it fell by more than half for Democrats. Just 16 percent think the economy will improve.

On Tuesday, the Dow Jones Industrial Average closed at yet another all-time record high.

That was the 17th record close since election day, and overall the Dow is up a whopping 8 percent during that time span.

I don’t think that we have ever seen an extended post-election stock market rally quite like this one, and the U.S. dollar is rallying too.  On Tuesday, the U.S. dollar was the strongest that it has been in 14 years

The dollar hit a fresh 14-year high on Tuesday, boosted by upbeat comments from Federal Reserve Chair Janet Yellen that kept alive market expectations for swifter U.S. interest rate hikes next year than had been expected.

The greenback climbed broadly but its gains were strongest against the yen, which slid as much as 1 percent after the Bank of Japan kept monetary policy unchanged.

But of course not everything is rainbows and unicorns.  Signs of trouble continue to erupt all over the U.S. economy, and there are many that believe that Trump will be facing some very serious economic concerns very early in his presidency.

Just look at what is happening in the auto industry.  Unsold vehicles are piling up at an alarming pace at dealers all over the nation, and GM just announced that it is going to temporarily close five factories

GM has been reacting to its fabulously ballooning inventory glut by piling incentives on its vehicles. But that hasn't worked all that well though it cost a lot of money. Now it's time to get serious.

It will temporarily close five assembly plants in January and lay off over 10,000 employees, spokeswoman Dayna Hart said today.

And GM is definitely not alone.  Back in October, Ford made a similar announcement

In October, Ford announced that it would temporarily shut down production at one of its F-150 assembly plants (Kansas City), along with production at a plant that assembles the Escape and the Lincoln MKC (Louisville), plus two plants in Mexico. It would also lay off about 13,000 workers, 9,000 in the US and 4,000 in Mexico.

Another signal that the economy is slowing down is the tremendous difficulty that Uber is experiencing right now.  If you can believe it, they just announced that they lost a staggering 800 million dollars in the third quarter

Uber racked up pro-forma losses of more than $800m in the third quarter of this year as a price war with rival ride-hailing service Lyft in the US and heavy spending on new initiatives weighed on its figures, according to a person familiar with its recent financial performance, reports The Financial Times.

The third-quarter figures, first reported by tech news site The Information, show that Uber still faces steep losses even after pulling back from China.

I don’t understand how Uber could possibly lose 800 million dollars in three months.  Something is definitely very wrong over there.

Personally, I hope that things go as well as possible during the Trump administration.  If we truly are entering a new golden era of peace and prosperity, that would be more than okay with me.

But we should not forget that our economic fundamentals have continued to deteriorate all throughout the Obama years, and our nation has been steadily accumulating the largest mountain of debt the world has ever seen.

Unless there is some sort of unprecedented miracle, there is no way that this giant bubble that we are in at the moment is going to end well.  So it is definitely good to be optimistic, but we also need to be realistic about where we are right now and about the great challenges that we will soon be facing.

Podcast: The Blow-Off Top

Posted: 20 Dec 2016 04:17 PM PST

US equities have entered the final, blow-out stage of their bull market. As in 1999 and 2006, investors have decided that it’s different this time and are willing to buy at pretty much any price. Like those previous bubbles, today's will end badly, probably in 2017. Gold, on the other hand should do just fine.

The post Podcast: The Blow-Off Top appeared first on DollarCollapse.com.

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Jack Chan: Gold and Silver Are on Long- and Short-Term Buy Signals

Posted: 10 Dec 2016 12:00 AM PST

Technical analyst Jack Chan charts the latest moves in the gold and silver markets.

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Are We Being Set Up For A Crash? Stocks Hit A Level Only Seen During The Bubbles Of 1929, 2000 And 2007

Posted: 08 Dec 2016 06:28 PM PST

stock-market-overvalued-public-domainWill the financial bubble that has been rapidly growing ever since Donald Trump won the election suddenly be popped once he takes office?  Could it be possible that we are being set up for a horrible financial crash that he will ultimately be blamed for?  Yesterday, I shared my thoughts on the incredible euphoria that we have seen since Donald Trump’s surprise victory on November 8th.  The U.S. dollar has been surging, companies are announcing that they are bringing jobs back to the U.S., and we are witnessing perhaps the greatest post-election stock market rally in Wall Street history.  In fact, the Dow, the Nasdaq and the S&P 500 all set new all-time record highs again on Thursday.  What we are seeing is absolutely unprecedented, and many believe that the good times will continue to roll as we head into 2017.

What has been most surprising to me is how well the stocks of the big Wall Street banks have been doing.  It is no secret that those banks poured a tremendous amount of money into Hillary Clinton’s campaign, and Donald Trump had some tough things to say about them leading up to election day.

So you wouldn’t think that it would be particularly good news for those banks that Trump won the election.  However, we seem to be living in “Bizarro World” at the moment, and in so many ways things are happening exactly the opposite of what we would expect.  Since Trump’s victory, all of the big banking stocks have been skyrocketing

Financial stocks in particular have been on fire. Citigroup (C) and JPMorgan Chase (JPM) are up about 20% since Donald Trump defeated Hillary Clinton — and that makes them laggards!

Morgan Stanley (MS) has gained more than 25%. So has troubled Wells Fargo (WFC), despite the lingering fallout from its fake account scandal. Bank of America (BAC) is up more than 30%.

And so is Goldman Sachs (GS) — the former employer of both Treasury Secretary nominee Steven Mnuchin and Trump chief strategist Steve Bannon.

But are these stock prices justified by the fundamentals?

Of course not, but during times of euphoria the fundamentals never seem to matter much.  Stocks were incredibly overvalued before the election, and now they are ridiculously overvalued.

Earlier today, a CNBC article pointed out that the cyclically-adjusted price to earnings ratio has only been higher than it is today at three points in our history…

“The cyclically adjusted P/E (CAPE), a valuation measure created by economist Robert Shiller now stands over 27 and has been exceeded only in the 1929 mania, the 2000 tech mania and the 2007 housing and stock bubble,” Alan Newman wrote in his Stock Market Crosscurrents letter at the end of November.

Newman said even if the market’s earnings increase by 10 percent under Trump’s policies “we’re still dealing with the same picture, overvaluation on a very grand scale.”

And of course a historic stock market crash immediately followed each of those three bubbles.

So are we being set up for a huge crash in early 2017?

There are some out there that believe that this is purposely being orchestrated.  For example, Mike Adams of Natural News believes that the markets “will be deliberately and destructively imploded under President Trump”

Right now, the U.S. stock market is surging, with the Dow leaping toward 20,000, a number rooted in fiscal insanity and delusional expectations. There are no fundamentals that support a 20,000 Dow, but fundamentals have long since ceased to matter in a financial world hyperventilating on debt fumes while hallucinating about utopian economic models that will soon prove to generate fools instead of real wealth.

Today I'm going on the record with a prediction that I'll offer with near absolute certainty: The rigged markets that now seem to defy gravity will be deliberately and destructively imploded under President Trump for all the obvious reasons. There will be financial chaos like we've never seen before: Investors leaping off tall buildings, banks declaring extended "holidays" that freeze transactions, and California pensioners slitting their wrists after they discover their promised pension funds were just vaporized by incompetent bureaucrats.

On the other hand, there are others that believe that Trump is just walking into a very bad situation and that a crash would be inevitable no matter who was president.

History tells us that there is no possible way that stock prices can stay at this irrational level indefinitely.  But for now a wave of optimism is sweeping the nation, and many of those that are caught up in it will get seriously angry with you if you try to inject a dose of reality into the conversation.

But like I said yesterday, let’s hope that the optimists are correct.  A survey that was just taken of 600 business executives found that 62 percent of them were optimistic about the U.S. economy over the next 12 months.

Incredibly, that number was sitting at just 38 percent the previous quarter.

For the moment, business leaders seem to be quite thrilled that we have a business executive in the White House.

Hopefully Donald Trump’s business experience will translate well to his new position.  And it is certainly my hope that he is as successful as possible.

But even during the campaign Trump talked about how stocks were in a giant bubble, and the euphoria that we have seen since his election victory has just made that bubble even larger.

Throughout U.S. history, every giant financial bubble has always ended very badly, and this time around will not be any exception.

Trump may get the blame for it when it bursts, but the truth is that the conditions for the coming crisis have been building for a very, very long time.

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