Feb Chicago #PMI fell well below estimates hitting a 6-month low, as Jan. pending home sales tumbled 4.7%, hitting the lowest level in almost 4 years, and registering the largest monthly decline in 8 years. Things will only get worse for #housing , as the #Trump boom goes bust.
— Peter Schiff (@PeterSchiff) February 28, 2018
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- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
- Some have speculated Germany wants the gold at home in the event of a breakup of the EU and a collapse of the euro. http://bit.ly/2xfQO0f
- JP Morgan does not understand that it's not just about where interest rates are now that is the problem, but about how much higher they are going, and how quickly they will get there!
- SRSrocco put together a graph tracking production for the top-four gold producers. You will note a pretty consistent downward trend. If these forecasts hold, we are looking at a 23% drop in output over less than a decade. http://bit.ly/2I5FJVb http://bit.ly/2D3w91e
- Ron Paul: The Federal Reserve Is King of the Price Fixers https://t.co/tCdD6vVgPz @SchiffGold
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- A healthy monsoon season is showing an uptick in Indian farmers returning to the gold market to buy: https://t.co/KSA87hfWvw
- Russia has passed China to become the world’s fifth-largest gold-holding country. http://bit.ly/2CJzi6l
- Goldman pointed to several fundamental weaknesses it sees in cryptos that make gold a better long-term value. http://bit.ly/2z6Nt7l
- Bitcoin is a bit of a lobster pot — it’s easy to get in, but hard to get out. Gold also offers investors 4,000 years of history as a store of value, and that’s looking quite appealing right now. http://bit.ly/2DrHoEJ