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Sprott Money News Weekly Wrap-up - 12.7.18

Is your network connection unstable or browser outdated? Original linkOriginal author: Sprott Money
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Gold Jumps Above $1250 For First Time Since Mid-July After November 2018 Jobs Report Release

The knee-jerk was a pop in gold above $1250. Silver jumped to $14.64, and the dollar dropped. Here’s a look at the report and market’s reaction… The Employment Situation Report, also known as the Nonfarm Payrolls Report, or the Jobs Report, was just released for November. Prior to the release of the report, here is what the expectations looked like from Econoday: Here are the actual numbers as reported by the BLS: Number of jobs created in the month of November: 155,000 Unemployment rate unchan...
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Unpaid Credit Card Bills, Involuntary Account Closings And Rejected Credit Applications All Rising

More evidence keeps coming in that the economic downturn is here, like these developments in the world of consumer credit. Here are the details… by Mac Slavo of SHTFplan A new report is shining some light on an indicator that the economy is about to take a major downturn.  Credit card accounts are not being paid and some accounts are being closed in anticipation for an upcoming recession. Credit-card delinquencies, application rejections, and involuntary account closures are all on the upswing, ...
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Trump Says He Won’t Be Here When The Coming US Debt Crisis Goes Nuclear

Trump has also never once talked about debt, and he also thinks we can just grow our way out of the debt problem? Did he really say those things?President Trump reportedly shrugged off concerns over the ballooning national debt, telling senior advisers in an early 2017 meeting “Yeah, but I won’t be here” when presented with “charts and graphics layout out the numbers and showing a “hockey stick” spike in the national debt” set to occur “in the not too distant future.”The alleged incident from ne...
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Charles Hugh Smith: Preventing The Final Fall Of Our Democratic Republic

There’s mounting evidence that the Age of American Exceptionalism is grinding to an end. Charles and Chris Martenson discuss the evidence… Charles Hugh Smith interviewed by Chris Martenson of Peak Prosperity Full description and comments at: https://www.peakprosperity.com/podcas… There’s mounting evidence that the Age of American Exceptionalism is grinding to an end. Demographically, in the U.S. (as well as many other developed nations), the prospects of the younger generations are substantiall...
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Venezuelan officials seek meeting with Bank of England over gold repatriation, sources tell Reuters

By Mayela ArmasReutersThursday, December 6, 2018 CARACAS -- Two high-ranking Venezuelan officials are traveling to London with plans to meet with the Bank of England over the repatriation of $550 million in gold held in the bank’s coffers, according to two sources with knowledge of the situation. The government of President Nicolas Maduro is seeking to bring 14 tonnes of gold back to Venezuela because of fears it could be caught up in international sanctions on the country, sources told Reuters...
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Fund Manager: Trump’s Trade War Dilemma And Gold

Dave Kranzler says Trump must weaken the dollar and push it much lower to win the trade war. Here’s why, and what it means for gold… by Dave Kranzler of Investment Research Dynamics If the “risk on/risk off” stock market meme was absurd, its derivative – the “trade war on/trade war off” meme – is idiotic.  Over the last several weeks, the stock market has gyrated around media sound bytes, typically dropped by Trump,  Larry Kudlow or China,  which are suggestive of the degree to which Trump and C...
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Legend Art Cashin Says This Was The Real Reason For Thursday’s Violent 700+ Point Rally In Stocks

On the heels of Thursday’s monster rally in the stock market leaving some observers scratching their heads, legend Art Cashin told King World News this was the real reason for Thursday’s violent 700+ point rally in stocks. The Real Reason For Thursday’s Violent Rally In StocksDecember 6 (King World News) – Eric King:  “Art, we have about 15 minutes left in the trading day.  What have the traders been talking about on the floor of the exchange this week?” Art Cashin:  “Strange thing.  At the earl...
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China’s Outraged & Deutsche Bank Says Huawei CFO’s Arrest ‘Clear Signal Trade War Is Escalating’

Huawei is one of the most successful tech companies in China, and the arrest of Huawei’s CFO just escalated the trade wars. Here’s more… Editor’s Note: China is outraged: Shortly after the news hit that Huawei CFO Wanzhou Meng — also deputy chairwoman and the daughter of Huawei’s founder — was arrested on December 1, or right around the time Trump and Xi were having dinner in Buenos Aires last Saturday, and faces extradition to the U.S. as a result of a DOJ investigation into whether the Chinese...
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28 Hits

The Everything Bubble Has Burst…The Crash Is Here

The man who coined the term “everything bubble” has just said it has burst. Here’s how to know it has burst, and why it is about to get much worse… by Graham Summers of Gains, Pains, & Capital Stocks will be opening down today… as in DOWN. As bad as it’s looking, things were actually much worse a few hours ago. The initial drop was so massive that the futures exchange intervened to stop the carnage. And things are only going to be getting worse from here. The #1 question I have received sinc...
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Brandon White: Arctic trails, winter gales, and gold's secret tales

2:55p ET Thursday, December 6, 2018 Dear Friend of GATA and Gold: The London Bullion Market Association's new format for reporting gold trading by its members is less complete and understandable than the previous one, BMG Group market analyst Brandon White writes today for Palisade Research. Essentially, White writes, the LBMA appears to be preventing disclosure of central bank intervention in the gold market. His analysis is headlined "Arctic Trails, Winter Gales, and Gold's Secret Tales" and i...
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San Francisco’s Wealthy Leftists Are Making Homelessness Worse

“The situation has come to a head…result of progressive conservatism primed with the power of centralized (governmental) authority….” I recently had the opportunity to visit San Francisco for the first time. Coastal towns tend to be a bit more interesting in terms of cuisine (seafood being one of the more varied palate options) as well as architecture (steep hill structures are ever a testament to human ingenuity) and San Francisco scores high in both categories. However one area where it curren...
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ALERT: Yield Curve Inverted – Crisis Highly Likely | David Morgan

Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | Email | Stitcher | RSS The yield curve has inverted. The U.S. stock market is falling. We’re headed for another crisis, says top silver expert David Morgan… David Morgan of The Morgan Report interviewed by Elijah Johnson of Silver Doctors He says stocks have peaked and there’s a shift out of stocks. And as for precious metals, they are likely to go higher in the long term. In addition to technical signals, there ar...
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Bix Weir: HANG ON TIGHT! Deutsche Bank’s MASSIVE SILVER DERIVATIVES Counter-Party JUST FAILED

Bix says the DERIVATIVES IMPLOSION pin is getting pulled NOW! Bix says IT’S HAPPENING. Here’s a critical update on this creative destruction event… by Bix Weir from Road to Roota Hang on tight! Deutsche Bank is the lynch pin of the Derivative Implosion and that lynch pin is getting pulled NOW! Noble Group just failed and was DB’s counter party to MASSIVE SILVER DERIVATIVES!  
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Dow Plunges Nearly 800 As Central Banks Now Have A Huge Problem

Today the Dow tumbled nearly 800 at one point in the trading session as central banks now have a huge problem. US EconomyDecember 6 (King World News) – Here is a portion of what Peter Boockvar wrote today as the world awaits the next round of monetary madness:  Imagine for a second that the Chinese government arrested the CFO of Apple and extradited him to the US. While it’s not the case, also imagine if the CFO was the child of Steve Jobs. I’ll leave my comments at that. In yesterday’s Beige Bo...
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An Absolute Astounding Amount Of Physical’s Been Drained From Market And Now In Strong Hands

Rob Kirby says precious metal is becoming harder to find & acquire in size, and we could be seeing developments portending the paper market blow-up… Rob Kirby interviewed on Reluctant Preppers When proprietary ​analyst of precious metals and former credit derivatives trader Rob Kirby informs us that an epic amount of physical precious metals was just withdrawn and memory-holed using off-market transactions, we sit up and take notice. The adage to “ignore their words and follow the money” lea...
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US Bond Market Yields TO GET SHATTERED: Trader Says 2-Year Yield To Collapse To Near Zero

Elliott Wave forecaster and technical analyst Glenn West has an important update to share about the bond market. First seen publicly right here… by Glenn West (follow Glenn on Twitter) of West Pacific Trading Analytics What are Bond Rate Yields Signaling Into This Rate Collapse? Confidence is such a game… Is this a market crash or something more? If markets hold above 2018 lows, than it is not a crash and we have one last rally into May/June 2018. First into December, the 2 Year Yield collapses ...
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Harvey Organ: Palladium For The First Time Rises Above The Price Of Gold!

With gold down $4.25 and palladium closing at $1239, Here’s Harvey with an update on the metals markets…DEC 5/GOLD DOWN $4.25 TO $1236.95/SILVER DOWN 6 CENTS TO $14.49/PALLADIUM FOR THE FIRST TIME RISES ABOVE THE PRICE OF GOLD CLOSING AT $1239.00/CHINA STATES THAT THEY WERE QUITE SATISFIED WITH THE TALKS WITH TRUMP AND INDICATE THAT THERE COULD BE A DEAL/THE GATESTONE INSTITUTE SLAMS THE BREXIT DEAL WITH THE EU/ WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY(WEL...
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Somebody Pressed The Panic Button On Wall St: Bank & Tech Stocks Crash As Yield Curve Inverts

It would be difficult to overstate the carnage in the stock market that we just witnessed, and then there’s the whole yield curve inversion. Here’s an update… by Michael Snyder of The Economic Collapse Blog Stocks aren’t supposed to crash in December.  Most of the time we see a nice “Santa Claus rally” to close out the year, and so what happened on Tuesday is definitely extremely unusual.  The Dow Jones Industrial Average fell 799 points, which was the fourth largest single day point decline in ...
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Both Trump And Powell Are More Dovish – Will Gold Fly Now?

How will the softening of both trade and monetary policy affect the gold market? Will gold finally be able to fly? Here’s some insight… by Arkadiusz Sieron of Sunshine Profits President Trump and President Xi Jinping agreed to halt escalation in their trade conflict. At the same time, the Fed officials became more cautious about the pace of future interest rate hikes. How will the softening of the US trade and monetary policies affect the gold market? Trade Truce and Gold Have you heard about th...
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