Gold World News Flash

As Canada Legalizes Marijuana the US Tightens Border Controls
Gerald Celente – The Recent Stock Market Carnage Is Only The Beginning
Breaking News/Best Of The Web
Snowden Reemerges, Addresses Students in Austria
Russia Watches In Bemused Amazement As Magician-Trump Now Destroys Obama
Dow FALLS 350 Points! China Stock Market DROPPED Over 30% in 2018!
Determining the Outlook for Gold Mining Stock
Global Warming (Assuming You Believe In It) Does Not Affect Gold
Christmas in October?
Deep Drilling Hits Thick Oxide Gold Intervals at Nevada Deposit
Gold Explorer Finds Mineralization South of Recent Discovery
Golden Triangle Property Yields 'High-Grade Gold Discovery'
Gold Explorer Uncovers More High-Priority Drill Targets in Red Lake
Gold Junior 'Set to Break Out'
The Incredibly Bullish Set-Up for Gold

As Canada Legalizes Marijuana the US Tightens Border Controls

Posted: 18 Oct 2018 09:30 PM PDT

Canada, the US's largest trading partner legalized marijuana. Most states bordering Canada it is legalized or medicalized. However, the Trump administration plans to deny entry to Canadians who use or sell marijuana The Financial Armageddon Economic Collapse Blog tracks trends and...

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Gerald Celente – The Recent Stock Market Carnage Is Only The Beginning

Posted: 18 Oct 2018 08:30 PM PDT

As we watch another wild day of trading unfold, today Gerald Celente warned that the recent stock market carnage is only the beginning. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

[[ 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! ]]

Breaking News/Best Of The Web

Posted: 18 Oct 2018 07:20 PM PDT

The Arabian Game of Thrones heats up … How Elizabeth Warren got trolled by Trump … In search of the allegedly steepening yield curve … Gold and silver up as “safety play” amid stock/bond turmoil; “silver's time is coming” … Best Of The Web Is the Greatest Bull Market Ever finally ending? – Charles Hugh […]

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

Snowden Reemerges, Addresses Students in Austria

Posted: 18 Oct 2018 06:30 PM PDT

In a time where privacy and surveillance are at a major crossroad, NSA whistleblower Edward Snowden spoke to a large group of students in Austria. RT America's Sara Montes De Oca reports. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists ,...

[[ 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! ]]

Russia Watches In Bemused Amazement As Magician-Trump Now Destroys Obama

Posted: 18 Oct 2018 03:00 PM PDT

President Trump is not only repairing the damage done to America by the nwo deepstate traitors that go back decades but he is going to expose them to the world and make them pay for their crimes against humanity. The tide has turned... The Financial Armageddon Economic Collapse Blog...

[[ 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! ]]

Dow FALLS 350 Points! China Stock Market DROPPED Over 30% in 2018!

Posted: 18 Oct 2018 01:00 PM PDT

It is all a farce with the clowns behind the curtains laughing their @$$ off at us oblivious to the costume they are sporting. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

[[ 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! ]]

Determining the Outlook for Gold Mining Stock

Posted: 18 Oct 2018 11:37 AM PDT

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63365.html

Global Warming (Assuming You Believe In It) Does Not Affect Gold

Posted: 18 Oct 2018 03:26 AM PDT

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63362.html

Christmas in October?

Posted: 17 Oct 2018 06:02 AM PDT

This post Christmas in October? appeared first on Daily Reckoning.

Yesterday came the big bounce…

The Dow Jones roared back to life with a 548-point spree — its grandest performance since March.

The S&P jumped 59 happy points. The Nasdaq had itself a day at the races, up 214 points — percentagewise, better even than the Dow.

Gold was down. So was volatility… and the 10-year Treasury yield.

So we wonder…

What gusting updrafts barreled through the canyons of Wall Street yesterday?

What hero on white horse galloped in to capture the day?

USA Today gives us the consensus answer:

"Earnings to the rescue."

It is once again earnings season — when corporations issue their quarterly state of the union address and release last quarter's revenues.

In all, 46 of the 500 S&P components have released their records as of yesterday.

Ninety percent of them have exceeded forecasts. Seventy percent have run right past sales expectations.

Both these figures, we are told, rise well above normal. Hence, “earnings to the rescue.”

Happy hands clapped on Wall Street…

“I think solid earnings will stabilize the market,” says Nick Sargen of Fort Washington Investment Advisors.

Raymond James chief investment strategist Jeffrey Saut says earnings will be "the catalyst for the equity markets to trade back up to new all-time highs.”

"Christmas in October" is how our own Alan Knuckman styles this earnings season.

But if Christmas arrives in October… can there be a Christmas in December?

Tax cuts account for over 40% of earnings growth for the overall S&P — by some estimates.

But the business of tax cuts ultimately runs its course… and finally loses its oomph.

As warns Alec Young, managing director of global markets research at FTSE Russell:

"The tax cuts juiced earnings this year and that’s not sustainable."

"The biggest concern I see is that we may be at peak earnings," adds Laurence Fink, chief executive of BlackRock.

Then what? Without additional stimulant, how can corporations continue to exceed earnings?

Are additional tax cuts in prospect?

They are not.

Is another tide of liquidity on the way to lift all boats?

The answer is no — not for the future that is foreseeable.

The opposite situation obtains, in fact.

Quantitative tightening continues apace. The Federal Reserve has offloaded some $250 billion of its assets since February.

It has demonstrated no intention of letting up.

Meantime, the Fed raised interest rates last month for the eighth occasion since December 2015.

As Charlie Bilello, director of research at Pension Partners, notes, the effective fed funds rate is up to 2.18% — its highest level since April 2008.

"More importantly," adds Bilello, "the fed funds rate now stands above U.S. core inflation (2.17%) for the first time in 124 months."

That is, the fed funds rate now stands above U.S. core inflation for the first time in over 10 years.

Too much, too fast?

Perhaps if they began raising rates earlier, they wouldn't be so desperate to catch up.

"We’re now, in real time, witnessing the inevitable dilemma created when a central bank falls “behind the curve,”" explains analyst Doug Noland, adding:

Leaving rates so low for such a long period of time was responsible for inflating myriad major bubbles. And now central bankers face the high-risk proposition of normalizing rates in an acutely fragile bubble backdrop.

Both the Bank of Japan and European Central Bank have also tightened the taps. The ECB, in fact, intends to discontinue its quantitative easing altogether by the end of the year.

All the while, U.S. corporate debt hangs at record levels.

Corporations have taken on over $2.5 trillion of debt since 2008… and now hold over $9 trillion in total.

As interest rates rise, so does the cost of servicing that debt. Eventually it swamps the ship.

Maybe additional earnings reports keep the show running a while longer. And Treasury yields will exert no additional pressure on stocks.

But who can say?

As explains Bill Miller of Miller Value Partners:

It's a bull market in stocks and it will continue until it ends, and no one knows when that will be. It will end when either the economy turns down and earnings decline, or when interest rates rise to a level where bond yields provide significant competition for stocks.

Today the Dow Jones failed to build upon yesterday's momentum — down 91 points. Both S&P and Nasdaq were also negative, if barely.

Perhaps it is best to celebrate Christmas this October after all — Christmas in December may not be half so joyous.

Regards,

Brian Maher
Managing editor, The Daily Reckoning

The post Christmas in October? appeared first on Daily Reckoning.