Traders selling gold and buying dollars on the larger than expected gain in wages have it wrong. The jump is a result of inflation not economic growth. Meanwhile higher interest rates will slow what growth we have, and put even more upward pressure on consumer prices.
— Peter Schiff (@PeterSchiff) February 2, 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
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- 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
- (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.
- Mainstream Proclaims Gold Is Back in Vogue https://t.co/6W9QjYnDa6 @SchiffGold
- 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
- If Spending Is Our Military Strategy, Our Strategy Is Bankrupt
- Central bankers have succeeded in their efforts to reflate the stock market & the housing bubbles over the last eight years. But that’s not good news. http://bit.ly/2CX69Gq
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- 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!