Another stock market sell signal has come into play and it has to do with a major breakout in the most important interest rate. Major Breakout In The Most Important Interest RateAugust 22 (King World News) – Jason Goepfert at SentimenTrader:  A major breakout in the most important interest rate. Key points: The yield on 10-year Treasury notes recently broke out to a decade-long highOver the past 60 years, significant breakouts in the yield have preceded gains in the S&P 500 every time six mo...

From The New York SunMonday, August 21, 2023 Communist China's struggle to shore up its yuan as it contends with a growing meltdown in its housing markets is a reminder, as it was during America's borrowing ceiling debacle, that today's debt crises are intertwined with a monetary crisis.  This is a "moment of reckoning," says Zhou Xin of the South China Morning Post, as the bubble caused by the "monetization" of China's real estate market looks to be popping. ... Dispatch continues below ... ......

By Lynsey Chutel and Vivian YeeThe New York TimesMonday, August 21, 2023 When Zambian authorities searched a private jet that arrived from Egypt last week, they found a mysterious trove that included millions of dollars in cash, hundreds of bars of what appeared to be gold, and weapons. They arrested 12 people, six of them Egyptian citizens, and the haul stirred wild speculation in both countries. Zambian officials launched an inquiry into what they called a gold scam, eliciting a jittery respon...

Take a look at how bad it is for banks right now… How Bad Is It For Banks Right Now…August 21 (King World News) – Peter Boockvar:  In light of the commercial bank challenges with an inverted curve and bad marks on longer term US Treasuries at the same time the deposit battle is getting intense and margins are getting negatively impacted as a result, the now important Dallas Fed’s Banking Conditions Survey just came out covering data collected between August 8-16 and 71 banks responded to the sur...

By Alasdair MacleodGoldMoney, TorontoMonday, August 21, 2023 Globally, further falls in consumer price inflation are now unlikely and there are yet further interest rate increases to come. Bond yields are already on the rise, and a new phase of a banking crisis will be triggered. This article looks at the factors that have come together to drive interest rates higher, destabilising the entire global banking system. The contraction of bank credit is in its early stages, and that alone will push u...

Investors across the globe need to pay attention because the fate of the world is being decided here. Trouble For Stock Market BullsAugust 21 (King World News) – Art Cashin, Head of Floor Operations at UBS:  The bulls attempt at a bit of a bounce is easily foiled when the yield on the ten-year once again flirting with that important area around 4.35%. Again, that 4.35% / 4.45% is a bit of a critical area. The market will continue to check its own internals and see where they want to bring things...

As we kickoff another trading week there is no question the global debt bubble is going to unleash havoc. When Baseballs & Guitars Say More Than PunditsAugust 20 (King World News) – Matthew Piepenburg, Partner at Matterhorn Asset Management:  Before I got the invite to a swank prep-school out East, I used to spend my Spring afternoons on a baseball diamond not too far from the home field of Derek Jeter, who was still playing local ball in Kalamazoo while I was harboring high-school fantasies...

By Daniel SeowMothership, SingaporeSaturday, August 19, 2023 It's no secret that the Singapore government's reserves are extensive. The country has a gold vault that forms just one part of the official foreign reserves managed by the Monetary Authority of Singapore, also known as Singapore's central bank. What is a secret, though, is the location of the vault. ... Dispatch continues below ... .... ADVERTISEMENT .... Buy metals at GoldMoney and enjoy international storage GoldMoney was establishe...

Posted by SRSrocco in Economy, Energy, News, Precious Metals, Silver Members, Videos on August 19, 2023 — Comments Off on The Real Reason WHY People Don’t Invest In Gold & Silver When we ask ourselves, WHY should we invest in Gold & Silver… the answers will be many, but likely 99% will be wrong.  This is precisely why 99% of people in the world don’t invest in precious metals… they don’t know the real reason… WHY.  So, WHY invest in Gold & Silver… This content is for Corporate Member...

8:54p ET Friday, August 18, 2023 Dear Friend of GATA and Gold: Since there does not seem to have been much news or commentary about gold and silver worth bothering you with for a few days and you might think that GATA was falling asleep at the switch or giving up, maybe you will tolerate some brief commentary from your secretary/treasurer. You may have noted with some satisfaction that the winner of Argentina's presidential primary, Javier Milei, a self-proclaimed libertarian, says he wants to b...

We have just witnessed a historic event in the silver market. In fact, this is the first time in history this has happened in the silver futures market. Waiting for BRICS…August 19 (King World News) – Alasdair Macleod, head of Research at Goldmoney:  The sell-off in precious metals which started in late July continued this week, but its momentum slowed with silver even showing a modest gain on the week so far. In early European trading, gold was $1892, having traded down to $1885 yesterday, for ...

US and Canadian consumers are broke but there are bigger problems that should have many people worried across the globe. US & Canadian Consumers Are BrokeAugust 18 (King World News) – Peter Boockvar:  Here’s more commentary on the US consumer from Walmart and Ross Stores: Walmart “As a global retailer, we see how our customers and members are affected by what’s happening at a macro level and how that influences their behaviors. Jobs, wages, and pockets of disinflation are helping our custome...

In addition to gaining full access to all SRSrocco Report public and Silver Member content, Gold members will be privy to 1-2 Gold Member posts per week in the SRSrocco Report Gold Vault on the topics listed below.  Gold Members will also receive deeper layers of analysis on the content provided to Silver Members and the general public. Your Gold Membership will give you first-rate, up-to-date summaries of what’s trending in the fields below, including “My Type of Analysis” SRSrocco’s trademark ...

Today legend Art Cashin noted one of the greatest sell signals on the stock market you will ever see in your life. August 17 (King World News) – Art Cashin, Head of Floor Operations at UBS:  In a small clarification – Much of Wednesday’s afternoon trading session was engulfed with a bit of a mystery. There were rumors about that a “Wall Street legend” sighted a “signal” in the NDX that might be flashing quite bearishly.  After an extended time of searching and aided and abetted by our own in-hou...

Posted by SRSrocco in Economy, Energy, News, Silver Members on August 16, 2023 — Comments Off on GLOBAL PEAK DIESEL & REGIONAL WINNERS & LOSERS: The Energy Cliff Will Impact These Areas The Most Since the 2008 Global Financial Crisis, something BIG changed in the “Wonderful World of Diesel Consumption.”  Two of the largest diesel-consuming regions in the world… just stopped growing.  But, that didn’t stop the rest of the world from expanding… and, “Boy, Did they… LOL..” This content is f...

Investors around the world need to buckle up because a second banking crisis is going to be unleashed. A Second Bank Crisis Will Be UnleashedAugust 16 (King World News) – Gerald Celente:  In this year’s second quarter, U.S. banks booked $18.9 billion in losses, the most in any quarter since the second quarter of 2020 when anti-COVID lockdowns crashed the economy. The number is up 17 percent from the first three months of this year and 75 percent compared to the same period last year. About $10.7...

The bond market is bracing for a major earthquake that will rock the world financial markets. Bond Market Braces For EarthquakeAugust 16 (King World News) – Gerald Celente:  Following the Great Recession and during the COVID War, the U.S. Federal Reserve bought trillion of dollars in bonds to keep the credit market alive, seeing its portfolio peak at $8.55 trillion in May 2022. This spring, the Fed began to let those bonds mature without replacing them. By the end of this month, the Fed’s bond h...

It is always important to focus on the big picture when it comes to the gold market. August 15 (King World News) – Below is a longer term chart of the HUI Gold Mining Index. It is always important to step back and focus on the big picture when there is volatility taking place in a market. The big picture remains extremely bullish. FOCUS ON BIG PICTURE FOR MINING STOCKS:Since Peaking In 2011 And Bottoming In 2016 The HUI Gold Mining Index Has Put In A Series Of Higher Highs And Higher Lows. This ...

9p ET Tuesday, August 15, 2023 Dear Friend of GATA and Gold (and Silver): The weekend edition of Ed Steer's Gold and Silver Digest, published by GATA board member Ed Steer, is headlined "A Much Better Than Expected COT Report" and it's posted in the clear at SilverSeek here: https://silverseek.com/article/much-better-expected-cot-report CHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.CPowell@GATA.org ... ADVERTISEMENT ... Fisher Precious Metals offers great priceswith perso...

Today one of the greats in the business warned the stock market bulls are having some problems. Bulls Having TroubleAugust 15 (King World News) – Art Cashin, Head of Floor Operations at UBS:  So far, the equity bulls seem unable to shake off their current bond yield anxiety, even though the ten-year yield has moved slightly lower than its 4.27% earlier today. The news is not really motivating things and again the market is taking its own temperature and pulse.  So, I would continue to watch thos...