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Saturday, October 6, 2018

Gold World News Flash

Gold World News Flash


Chinese Warship Plays Chicken with US Navy

Posted: 05 Oct 2018 08:00 PM PDT

 Chris Chappell goes over all of this week's headlines, from a game of chicken between two navy destroyers, to the sudden reemergence of Chinese superstar Fan Bingbing! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free...

[[ 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: 05 Oct 2018 07:20 PM PDT

US interest rates are spiking again: why this is a huge deal … Bond king Jeff Gundlach says Treasury market is witnessing a 'game changer' … Italian banks face twin challenges of capital and funding … Kavanaugh has the votes … Gold and silver bounce along multi-month bottom, as technician says “Prepare for a precious […]

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

China is our enemy. We are at war.

Posted: 05 Oct 2018 07:00 PM PDT

And who's arming China via the TALPIOT program at American taxpayers expense with stolen U.S. high technology? Israel of course. Why dya never mention that? The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative...

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QAnon - Crowdstrike, Free Beacon, Shell Co's, Arrests Coming?

Posted: 05 Oct 2018 06:00 PM PDT

The photo of Feinstein cornering Murkowski up against the wall, - should be blown up and put on billboards all over the country titled " The faces of hatred and cowardice!" Let's make them our poster children of the resistance! The Financial Armageddon Economic Collapse Blog tracks...

[[ 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! ]]

Was The End Of The Petro Dollar Just Announced By The President?

Posted: 05 Oct 2018 04:18 PM PDT

Venezuela is ready to unleash the Petro on Nov 5. Mattress Firm files for bankruptcy. NY Fed lowers the growth rate for the 3rd and 4th Q. U.S. Unemployment Rate Falls to Lowest Level Since 1969. The unemployment rate fell to 3.7%. Trump signals the end of the Petro dollar. When Trump warned...

[[ 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! ]]

In Perth, Eric Sprott scorns gold forecasters and paper gold and silver

Posted: 05 Oct 2018 02:42 PM PDT

'No Friggin' Idea': Billionaire Investor Eric Sprott Doesn't Hold Back on Gold Forecasters

By Angela East
Stockhead.com.au, Sydney, Australia
Friday, October 5, 2018

PERTH, Australia -- Eric Sprott knows just a bit about how to make money in mining, so when the Canadian billionaire investor gets up to address a crowd people listen.

It was no different when Mr Sprott took the stage on the second day of the Precious Metals Investment in Symposium in Perth to provide his thoughts on the gold space.

... Dispatch continues below ...



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The 73-year-old -- described by Bloomberg as "one of the world's premiere gold and silver investors" -- kicked off an hour-long presentation by expressing his disgust at the underwhelming forecasts for gold. ...

... For the remainder of the report:

https://stockhead.com.au/resources/words-of-wisdom-from-canadian-billion...

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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

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Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

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India considers barter for oil and currency swaps for China trade

Posted: 05 Oct 2018 01:53 PM PDT

Government May Explore Barter Trade for Oil Purchases

From The Times of India, Mumbai
Thursday, October 4, 2018

NEW DELHI -- India could go in for barter trade for its oil purchases and set up a rupee-renminbi payment mechanism for its trade with China if suggestions made by the commerce department are put into force.

The ideas were suggested on Thursday at a meeting chaired by commerce and industry minister Suresh Prabhu with officials of 16 departments and ministries to reduce India's dependence on imports and expand domestic capacity to produce inputs through non-tariff measures.

... Dispatch continues below ...



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Prabhu is said to have suggested ways to ease the pressure on current account deficit by increasing remittances, external commercial borrowing, foreign loans, and foreign direct investment to immediately improve capital inflows. The department of economic affairs and Reserve Bank of India are expected to look at an arrangement with countries such as Russia for imports on deferred payment or increasing barter possibilities for balanced trade involving diamonds.

"This is so because we import raw diamonds and export the finished product after a lot of value addition. So banks can offer credit without much restrictions," said an official who did not want to be named. Exploitation of any free-trade pact that is leading to higher imports was an area of concern at the meeting.

Feasibility of exploring rupee-renminbi trade can also be explored as India had the highest trade deficit with China, to the tune of $63.04 billion in 2017-18. ...

... For the remainder of the report:

https://economictimes.indiatimes.com/industry/energy/oil-gas/government-...

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Gerald Celente - New Trade Deal, No Big Deal. This will Make or Break the Markets

Posted: 05 Oct 2018 12:44 PM PDT

Venezuela had the best performing stock market in the world in 2013, just before the hyperinflation; just like US? The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

[[ 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! ]]

Deep State Panic, Arrests & Military Tribunals Around The Corner:Robert David Steele

Posted: 05 Oct 2018 11:04 AM PDT

"Q"UACKERY.....The "Deep State"/"Shadow Government"...the *Council on Foreign Relations has always governed the Democrats and Republican administrations. Both have passed ALL Intellectual Property to Israel. !!! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,...

[[ 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! ]]

Chinese Credit Collapse Is Imminent

Posted: 05 Oct 2018 06:00 AM PDT

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63274.html

SPX/Gold Ratio, Long-term Yields & Yield Curve

Posted: 05 Oct 2018 05:47 AM PDT

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article63273.html

The TRUTH About Yesterday’s Inflation Fears

Posted: 05 Oct 2018 05:30 AM PDT

This post The TRUTH About Yesterday's Inflation Fears appeared first on Daily Reckoning.

Let me ask you something… Is sugar bad for you?

How about carbs? I should eat as few calories as possible, right? If I want to stay fit, should I stick with a low fat diet?

No, I’m not considering a new fad diet today. I generally eat healthy, and I try to keep an active and healthy lifestyle, too. I think being healthy makes me a better dad, a more focused investor, and just a better all-around person.

But sometimes I get frustrated when I hear people throw out blanket advice like, “Don’t eat carbs,” or, “Such and such is bad for you.” After all, our bodies need sugar, carbohydrates, proteins, and even fat to operate.

The key is to focus on a healthy balance. Because too much of just about anything can be unhealthy. And at the same time, just about anything in moderation can be a good thing.

I’m thinking about this “health” example today as I look through the macro picture for our current market.

You see, we’re starting to see some signs of inflation in the U.S. economy right now. And if you saw the headlines in the mainstream media yesterday, you’ll probably get the message that “inflation is bad.” In fact, you might even be convinced that this is the “beginning of the end” when it comes to our current bull market.

I can hear the bears now…

“Inflation erodes the purchasing power of your savings!”

“If inflation picks up, the Fed will have to raise interest rates. And that’s bad!”

“Inflation killed economies like Zimbabwe. Pretty soon, we won’t be able to afford food!”

It’s kind of like saying, “My overweight uncle died of a heart attack, so I’m going to starve myself.”

So today, I want to take a look at our overall market, while paying specific attention to the balance in the market and how that balance actually indicates a healthy environment…

You’re probably familiar with this bad side of inflation, just like most people are familiar with the bad side of sugar.

If inflation rises too much, it makes it harder for people to pay for the items they need to buy. Prices for food, fuel, clothing, and other necessities rise during periods of inflation.

Too much of this inflation is obviously bad. You may have heard stories of situations like Zimbabwe where it took a whole wheelbarrow full of cash to buy a loaf of bread.

Now obviously that’s not healthy. But that’s not the type of inflation we have here in the U.S.

In fact, a reasonable amount of inflation is actually a healthy thing!

Inflation can make life easier for people who hold debt. And it can be a good thing for workers who are seeing their paychecks increase. And as you’ll see in a bit, inflation can actually lead to great situations for savers as well!

First let’s talk about people who hold debt.

For people who are in debt, a bump in inflation makes it a bit easier to pay back the money that is owed. That’s because inflation causes the value of a single dollar to drop. And over time, that decline in the value of a single dollar makes the amount of debt less meaningful.

For example, if you owed someone $10,000 a century ago, it would have be grounds for bankruptcy. But today, many people borrow that type of money all the time to remodel kitchens or to buy a car. The difference is inflation.

Inflation also corresponds with higher wages for workers.

For instance, if people are getting raises throughout the majority of the economy, companies will report higher inflation in wages paid. And with people having more money to spend, it will naturally cause prices for some things to move higher.

But it’s not actually a bad thing that people have more money to spend. It’s simply part of a growing economy.

In fact, it’s ironic to think that just a year or two ago, economists were worried that there wasn’t enough inflation and that low inflation might spell the end of the current bull market.

It’s really true that you can’t please all the people all the time…

Another effect of higher inflation is higher interest rates.

The Fed keeps a close eye on inflation data and if it looks like prices are moving higher, the Fed will respond with higher interest rates.

The idea here is to give savers an incentive to hold on to their cash rather than spend it all right away. And if people hold cash in savings accounts or other interest-bearing investments, that money won’t be spent on goods and services. Which helps keep prices from rising too fast.

It’s like a giant economic ecosystem!

Now, remember how I said inflation could actually be good for savers? Well, higher interest rates are specifically geared toward savers by helping them generate more income from the cash they’ve set aside over the years.

This is very important for retirees, many of whom have been hurt by years and years of exceptionally low interest rates. So today, savers are starting to have more options for investing the cash they’ve set aside for retirement. And that’s a GOOD thing!

So the next time you turn on the financial news and see inflation headlines scaring the market, just remember that inflation isn’t just the scary things that many headline writers make them out to be. And in fact, much of the inflation we’re seeing today is actually a good sign for your money.

Here’s to growing and protecting your wealth!

Zach Scheidt

Zach Scheidt
Editor, The Daily Edge
TwitterFacebook ❘ Email

The post The TRUTH About Yesterday's Inflation Fears appeared first on Daily Reckoning.

Gold Price Clings to $1200 as ETFs Shrink, Bond Yields Rise, US Jobless Rate Hits Half-Century Low

Posted: 04 Oct 2018 05:00 PM PDT

By Adrian Ash – Gold prices clung to the $1200 level yet again on Friday, heading for a $10 weekly gain as world stock markets fell and long-term U.S. interest rates rose to new seven-year highs. Ten-year U.S. Treasury bond yields held at 3.20% after data from

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