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Thursday, October 11, 2018

Gold World News Flash

Gold World News Flash


Why Is France No Longer French? - Daniel Conversano & Timothé Vorgenss

Posted: 10 Oct 2018 09:00 PM PDT

 Daniel Conversano and Timothé Vorgenss from Suavelos discuss how France has been transformed by mass immigration. Is France, as we've known it, lost forever? The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

Shanghai Gold Exchange - A Steady Source of Demand for Physical Gold

Posted: 10 Oct 2018 08:06 PM PDT

Breaking News/Best Of The Web

Posted: 10 Oct 2018 07:20 PM PDT

Stocks plunge, with Big Tech and banks leading the way. Futures point still lower … Has the derivatives volcano already begun to erupt? … From Ferrari to Ford – auto stocks are crashing … Cat-4 hurricane Michael hits Gulf Coast … Gold and silver down on rising interest rates, stronger dollar. Goldcore: "Gold is on […]

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

Dow Drops 400 Points! Tech Stocks Big Losses! It’s GAME OVER If Fed Increases Rates!

Posted: 10 Oct 2018 11:55 AM PDT

10 Year Yield shot way above 3%: 10-Year Note Auction 3.225% , before 2.957% . Inversion has begun, this is it folks. Few months, if they don't pull out another rabbit from the hat. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries ,...

[[ This is a content summary only. Visit http://financearmageddon.blogspot.com http://lindseywilliams101.blogspot.com http://www.figanews.com for full links, other content, and more! ]]

Here’s Why Gold Stocks, Gold, and Silver Are Great Buys Now

Posted: 10 Oct 2018 09:38 AM PDT

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63313.html

Crypto theft hits nearly $1 billion in first nine months, report says

Posted: 10 Oct 2018 07:55 AM PDT

By Gertrude Chavez-Dreyfuss
Reuters
Wednesday, October 10, 2018

NEW YORK -- Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released today.

The report, which looks at criminal activity and money laundering in the digital currency market, also showed a steadily growing number of smaller thefts in the $20-60 million range, totaling $173 million in the third quarter.

Digital currencies stolen from exchanges in 2017 totaled just $266 million, according to a previous report from CipherTrace. ...

... For the remainder of the report:

https://www.reuters.com/article/us-crypto-currency-crime/cryptocurrency-...



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INSIDE: The Holiday Shopping List That Pays YOU!

Posted: 10 Oct 2018 05:30 AM PDT

This post INSIDE: The Holiday Shopping List That Pays YOU! appeared first on Daily Reckoning.

If there’s one thing I hate more than shopping, it’s last minute shopping.

Last year, I did most of the holiday shopping for the family online. So I thought I had all my ducks in a row. But when one of my daughter’s gifts didn’t show up in time, I had to scramble.

And so I ventured out to our local mall. It was just me and about 20,000 other shoppers trying to get that last minute gift before heading home for the holidays. Talk about a stressful situation!

This year, I’m double checking to make sure I have enough time to enjoy the holidays with my family.

And at the same time, I want to help you avoid last minute stress.

Only instead of getting your holiday gifts on time, I’m talking about helping you get your holiday investment gains before the Santa Claus rally passes you by!

Here’s how to make the most of the holiday market opportunities…

A Powerful Holiday Rally is Just Around the Corner

It may be too early for stores to put up their Christmas displays. (I think proper etiquette is to wait until at least November 1st).

But it’s not too late to get prepared for the stock market holiday rally.

This year, you’ve got more opportunities than normal to cash in on this rally. And it all ties back to the tremendous job market that continues to grow in the U.S.

Last week, the payrolls report was released, showing that unemployment has now hit the lowest level since 1969. Essentially, anyone who truly wants a job can find one. And more employees are leaving their existing positions to find new and better jobs.

So the number of people in America with a steady income and money to spend on the holidays is near an all-time high. And that’s great news for retail stocks.

Just yesterday, investment firm Deutsche Bank upgraded Walmart. The big-box retailer is expected to compete well against Amazon and grow its market share this holiday season.

Other retail stocks are also moving higher as Americans spend newfound wealth on everything from merchandise to experiences. And you better believe this trend is going to continue into the holiday season.

The big question for us as investors is how to profit from these rising sales and fatter profit margins.

The Time to Get In is Now!

If you’re waiting to see Christmas lights in your neighborhood stores before buying your favorite retail stocks, let me offer you a word of caution.

Waiting until the holiday season is upon us is a lot like waiting until Christmas Eve to start shopping. You’re going to have to fight through crowded markets and pay top dollar for anything you buy.

That’s because investors are already scouring the markets for good opportunities. And they’re already reacting to the strong job market. So the sooner you get your retail stocks bought and in your brokerage account, the more time you’ll have to turn a profit as other investors buy after you and push up the stock price.

This week marks the start of the traditional third quarter earnings season.

Which means corporations will be not only telling us how they did during the last period, but also offering projections for the final quarter of 2018.

As those projections come in, the stocks should start to rise ahead of the holiday shopping season. And then there will be additional catalysts along the way. (Like sales estimates on Black Friday, November and December monthly sales reports, and finally the fourth quarter earnings reports which will start hitting the wires in January.)

By locking in your investments now, you’ll be able to sit back and watch these news events drive the value of your investments higher, giving you some extra income to buy gifts for the special people on your list.

I suggest looking closely at apparel stocks, specialty merchandise companies, and even experience stocks like SeaWorld Entertainment (SEAS) and AMC Entertainment (AMC). After all, these are the places where Americans with great jobs will be shopping.

Don’t wait until these stocks move higher. Get your stock market shopping done today!

Here’s to growing and protecting your wealth!

Zach Scheidt

Zach Scheidt
Editor, The Daily Edge
TwitterFacebook ❘ Email

The post INSIDE: The Holiday Shopping List That Pays YOU! appeared first on Daily Reckoning.

A Bottom in Gold but not THE Bottom

Posted: 09 Oct 2018 10:52 PM PDT

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63306.html

Gold Prices Fall Even as Italy Pays Bond Investors More Than Greece, Brexit 'No Deal' Now Evens

Posted: 09 Oct 2018 05:00 PM PDT

By Adrian Ash – Gold prices failed to hold a rally above $1190 per ounce for the second day in a row in London trade Wednesday; dropping back as the US dollar rose and world stock markets fell again amid fresh worries over Italy's government...

The Bull Market in Bonds Still Has Legs

Posted: 09 Oct 2018 06:15 AM PDT

This post The Bull Market in Bonds Still Has Legs appeared first on Daily Reckoning.

Is the thirty-seven year bull market in U.S. Treasury notes dead?

Yields to maturity on 10-year U.S. Treasury notes are now at their highest level since April 2011. The current yield to maturity is 3.21%, a significant rise from 1.387% which the market touched on July 7, 2016 in the immediate aftermath of Brexit and a flight to quality in U.S. dollars and U.S. Treasury notes.

The Treasury market is volatile with lots of rallies and reversals, but the overall trend since 2016 has been higher yields and lower prices.

The consensus of opinion is that the bull market that began in 1981 is finally over and a new bear market with higher yields and losses for bondholders has begun. Everyone from bond guru Bill Gross to bond king Jeff Gundlach is warning that the bear has finally arrived.

I disagree.

It's true that bond yields have backed up sharply and prices have come down in recent months. Yet, we've seen this movie before. Yields went from 2.4% to 3.6% between October 2010 and February 2011 before falling to 1.5% in June 2012.

Yields also rose from 1.67% in April 2013 to 3.0% in December 2013 before falling again to 1.67% by January 2015. In short, numerous bond market routs have been followed by major bond market rallies in the past ten years.

To paraphrase Mark Twain, reports of the death of the bond market rally have been "greatly exaggerated." The bull market still has legs. The key is to spot the inflection points in each bear move and buy the bonds in time to reap huge gains in the next rally. 

That's where the market is now, at an inflection point. Investors who ignore the bear market mantra and buy bonds at these levels stand to make enormous gains in the coming rally.

The opportunity is illustrated in the chart below. This chart shows relative long and short positions in ten major trading instruments based on futures trading data. The 10-year U.S. Treasury note is listed as "10Y US."

As is shown, this is the most extreme short position in markets today. It is even more short than gold and soybeans, which are heavily out of favor. It takes a brave investor to go long when the rest of the market is so heavily short.

Chart

This chart show relative long and short positions in major trading instruments based on data from futures markets. Black bars to the left indicate short positions and black bars to the right indicate long positions. The short position in 10-year U.S. Treasury Notes ("10Y US") is the most overcrowded short position in markets today.

Yet, that's exactly why the opportunity to go long Treasuries is so attractive. With all of the big players (hedge funds, banks, wealth managers) leaning on one side of the boat, it only takes a small perturbation causing lower yields and higher prices to trigger a massive short-covering rally where these short investors scramble to exit their positions and buy bonds to cut their losses.

What are the chances that bonds rally and a short-covering frenzy emerges?

They're quite high. First of all, this pattern has happened five times in the past ten years starting in October 2008, April 2010, February 2011, March 2012, and December 2013. Each time 10-year note yields touched an interim high between 3% and 4%, the market turned around and yields crashed to the 1.5% to 2.5% range, producing huge capital gains in the securities.

In effect, the bond gurus and professional traders are betting that it's different this time. They're betting that the Trump economic changes and tax cuts have produced sustainable trend growth, that tight labor markets portend higher inflation, and that foreign investors are dumping Treasuries in anticipation of this inflation.

In fact, there's good evidence that every one of these assumptions is false.

Growth in the second quarter of 2018 and forecasts for third quarter growth are solid, but there's good reason to believe that these conditions are temporary responses to the tax cut and will not be sustained into early 2019.

In this political environment, you can only cut taxes once; there won't be another big tax windfall in 2019 to keep this game going.

There's also no evidence that labor markets are tight enough to cause inflation. The current 3.7% unemployment rate ignores that fact that labor force participation in only 62.7%, near the lowest in decades, and there are ten million able-bodied adults between the ages of 25-54 who are out of the workforce and not counted as "unemployed." In addition, there are millions more working part-time jobs who would prefer full-time employment.

Once the employment figures are adjusted for involuntary part-time workers and discouraged workers, the actual unemployment rate is close to 10%, which is a depression level rate. Labor markets are not tight at all (except by using cherry-picked government metrics) and therefore there's no reason to expect inflation.

Finally, the evidence that foreign investors are "dumping" Treasury securities is overstated. Russia is getting out of Treasuries, but other countries are picking up the slack and China is holding steady. In any case, there is ample appetite among U.S. banks to buy Treasuries so any foreign selling can be readily absorbed.

With these caveats in mind, what is the outlook for Treasury prices?

The single most factor in the analysis is that U.S. Treasury notes have traded in a range of 1.4% to 3.9% for the past ten years. Each time yields get too high, the economy slows and yields collapse. Each time yields get too low, the economy gets a boost and yields rise again.

Apart from a few good quarters of growth, which we also saw several times during the Obama years, there's no reason to believe the U.S. economy has entered a phase of strong self-sustaining growth of the kind that will lead to inflation and higher yields.

Productivity is low, labor force participation is low, foreign competition is stiff and the new trade war acts as a break on growth. These headwinds are the same ones we've been facing for ten years and there's no sign they're abating.

This next chart is also highly revealing. It shows that investor cash balances are at the lowest levels in thirteen years, even lower than the levels at the tail end of the 2002-2007 investment boom prior to the panic.

Chart 2

As this chart shows, investor allocations to cash are the lowest in over ten years and lower than the levels immediately preceding the financial panic of 2007-2009. Investors who lose money on short positions in U.S. Treasuries will engage in frantic short-covering to mitigate losses and conserve cash. This buying will propel a rally.

With cash levels this low, investors cannot afford large capital losses. In effect, investors have bet the ranch on higher stock and corporate bond prices. At the first hint of market declines, they will pile into safe havens such as cash and Treasuries to preserve capital. This will give added impetus to the coming bond market rally.

Don't go along with the crowd on this one. If you're on the wrong side of this overcrowded trade, you could get trampled.

Regards,

Jim Rickards
for The Daily Reckoning

The post The Bull Market in Bonds Still Has Legs appeared first on Daily Reckoning.

Golden Triangle a Bright Spot in Gold Exploration

Posted: 09 Oct 2018 01:00 AM PDT

With gold prices moving sideways, the Golden Triangle of British Columbia—and several companies exploring there—continue to provide a bright spot for gold exploration.

Imminent for Explorer: Resource Update at One Project, Drill Program Launch at Second

Posted: 09 Oct 2018 01:00 AM PDT

This gold-silver company continues to simultaneously advance two of its projects in Mexico.

Why Five Industry Experts Have This Gold Explorer on Their Radar Screens

Posted: 09 Oct 2018 01:00 AM PDT

With Nevada gold projects taking center stage in the M&A sphere, one new gold explorer that has grabbed the attention of industry observers is moving quickly to prove up its project.

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