Kerry Lutz's--Financial Survival Network

Poor Jeffrey Epstein. While very few people are mourning his death, everyone is suspicious. His passing was extremely convenient for many of the world's most wealthy and powerful individuals. Kind of like a Lee Harvey Oswald moment in history.

10 year treasury yields have fallen below 2 percent. It's a neon sign flashing recession. And that could happen very quickly. But at least if you're a borrower it's great news.

Investing is tricky business. It's said the worst thing you can do is be right at the wrong time. And the past 8 years for precious metals was clearly the wrong time. But now, this time is different. Precious metals are taking off and there's many reasons. 

There's obviously something going on in the world economy that's causing gold (and lately silver) to rapidly advance. Leading bullion dealer Andy Schectman of Miles Franklin has seen sales accelerate, but it's the high net worth sophisticated investors who are buying the bulk of it. Joe Six Pack is as usual late joining the party. Andy believes it's de-dollarization that's been causing the run-up, but of course there are other factors at play. Euro-zone weakness, impending Brexit, Chinese Economic weakening and much more. But bullion sales are up and for a good reason. 

When we last spoke with Charles Nenner, back in mid-June, he was calling for higher gold prices. Almost as if on cue, gold is up over $150 and there's more to come, after the current short-term top. Interest rates have plunged and Charles believes that recession, or worse, is on its way. But somehow the world will survive, maybe with a new global economic system in place. News for stocks is bad, the dollar and treasuries will continue on their current economic path. Oil has a potential bottom of $36. Natgas could well drop below $2 after a slight bump up. It's all in the hands of the cycles. Let's see where the war cycle will take us next. 

Trump was true to his word, he imposed a 10 percent tariff on the remaining $300 billion of Chinese imports. The stock market took an immediate hit and gold/silver shot significantly higher. This installment takes place on September 1, 2019, but Trump is promising to take the tariffs up to 25% shortly thereafter. Michael Stumo believes that the US is winning the trade war and that it's in the process of decoupling from the Chinese Economy. There's enough sources of low cost Asian goods to allow the strategy to work. However, whenever you go stirring up the world economy there's always a risk of unintended consequences.