Our good friend Nick Santiago is still very bullish on the yellow metal and the shiny metal too. He sees a period of consolidation followed by more gains, likely before year's end. He's also seeing an end to Fed easing, no more rate cuts, for better or worse. Interest rates have bottomed and should see some increases ahead. Oil is right around where it should be and will probably stay close to its current level, barring a new MidEast war. One further note, Nick says buy the dips on gold and especially silver. You'll be glad you did. 

Direct download: Nick_Santiago_18.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

According to our good friend Jeff Berwick, reality is completely upside down and reversed. Like in Orwell's novel 1984, ignorance is strength, slavery is freedom etc. People in America believe they're completely free, when in reality the opposite is becoming more true by the day. Jeff's prescription is anarcho-capitalism, free trade in the absence of any government. Whether it's workable or not is anyone's guess. Regardless, Jeff believes that you need cryptos and gold to help weather the coming storm. Along with a positive mental attitude, because eventually things will get better. 

Direct download: Jeff_Berwick_17.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Two weeks ago Jyske Bank, Denmark’s third-largest bank, shocked the world by offering mortgages with a negative interest rate. Put simply, the bank would effectively pay customers to borrow money. It’s a bit more complicated than that, however, as borrowers have to pay fees that offset the savings.

The news got loads of attention, as people struggled to wrap their heads around being paid for something they are supposed to be purchasing. Consumers around the world wanted in on the action.

The weekend following the negative mortgages announcement, Jyske Bank received 80-90 inquiries from Americans who wanted these viral mortgages.

It’s all been rather amusing for Jyske Bank and its housing economist Mikkel Høegh, who has had to deal with all the attention.

“What I have said to the Americans is that they have to have a Danish property to get such a loan,” Høegh told Yahoo Finance in an email. “Some of the Americans then asked if I could help them buying a property in Denmark. I can’t with that but we can help them with the funding if they get the house.”

Jyske Bank has had to do a lot of clarifying; there’s a widespread misconception that the bank is actually paying borrowers to take their money. First of all, the bank is not actually paying anyone; it is simply forgiving part of the loan each time a payment is made. A mortgage borrower is likely to end up paying Jyske back a little more than they borrowed, factoring in fees and charges associated with arranging the mortgage loan.

And the bank can afford to do this without losing money because it borrows at negative interest rates as well.

“The experience has been quite good,” Høegh told Yahoo Finance in an email. “Many people like to hear about the loans and apply for them.” Høegh added that the country was amidst a historic refinancing of mortgages. Mortgage debt in Denmark increased in 88 of 98 municipalities, according to Denmark’s national bank, with most customers choosing fixed rates.

Though only Denmark has done this so far, the German Bundesbank has indicated that these loans would also be “conceivable” and wouldn’t be against them, according to the Stuttgarter Zeitung and Bloomberg.

How it works

Denmark has had low interest rates for a long time, and the country’s banking system has a closer than normal relationship between borrowers and investors, facilitated by banks.

Because interest rates have gone down and the prices of mortgage bonds have gone up for investors, those rates can be passed on to borrowers — creating negative mortgages if they’re low enough.

The fact that banks and investors are willing to invest with negative returns is not necessarily a good thing, because it shows they would rather take a small loss than lose more elsewhere, because they view the economy as less-than-healthy. Though negative interest rates aren’t new in Europe, they are breaking new ground, from these types of mortgages to Germany selling a negative-yielding 30-year bond for the first time in August.

Despite being in “historic remortgaging,” Høegh said the negative interest rates don’t actually make it any easier for home buyers to get a loan, but makes it easier to get a bigger loan – a lower rate means a higher disposable budget.

“People find the new loans very attractive, but I don’t think that it is a big surprise for them,” said Høegh. “The most surprising thing is that de-link between the real estate prices and the interest rate is in these years less significant.”

Jyske Bank's graph showing the amount of new loans over time.
Jyske Bank's graph showing the amount of new loans over time.
In other words, a flurry of borrowing and higher-value loans hasn’t had a big effect on housing prices, even though many of these loans are used to buy property or renovate.

Nordea, another bank in Denmark that began offering zero-interest 30-year loans, hasn’t seen much of a change, on the other hand, perhaps illustrating that despite global coverage, it hasn’t had much of an effect.

“We don’t think that anything has changed,” said Lise Bergmann, housing economist and chief analyst at Nordea. “The investor interest is more or less the same as before the news coverage.”

Looking at a chart regarding new loans provided to Yahoo Finance by Jyske Bank, the answer is probably somewhere in the middle. There has, indeed, been a surge in new loans this summer, but on a 20-plus year chart, it’s not as breathtaking as one might expect from a negative-interest mortgage.
Direct download: Debbie_Boyd_18.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

Missiles are flying in the Middle East, Saudi oil production has been halved and we're worrying about negative interest rates. Trump is proving to be the Master Debaser. Lower interest rates will cure all the world's ills. Precious metals can't accommodate all the world's flight capital. Therefore, the US stock markets have become the home for scared money. What other choice is there? 

Direct download: John_Rubino_17.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Repurchase agreements or Repos are a cornerstone of today's leveraged economic system. They've been around since 1917. It's a way for banks to eke out a few more basis points on their bond holdings. Just yesterday the interest rate shot up from 2.25% to 10% overnight. This situation is unheralded. When things start going wrong in this market, there's likely major problems ahead. It's a market based on trust and certainty of repayment by banks and other major financial institutions. When they lose faith as they did in 2008, bad things happen. Like credit freezes and potential bank failures. Will 2019 be a replay of 2008? Let's see what happens next. 

Direct download: Danielle_Park_17.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

When it comes to dealing with attorneys, the average person is at a loss. If you've gotten injured or have a case, it can be very difficult to connect with a lawyer. Byron is trying to change all that. He's a regular guy who wears tank tops and shorts to the office. He's covered in tattoos and speaks the language of the common man. But Byron is a fighter and he knows when to stand his ground. In today's crazy dysfunctional world, Byron could be the right anti-layer for you. 

Direct download: Byron_Brown_16.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Arch Crawford finally saw gold's new ascendancy and made the call before it broke out of it's near decade doldrums. According to Arch there's more to come. We'll be looking ahead to lower stock prices, softening of real estate markets and continued decrease of interest rates. We're living in interesting times. 

Direct download: Arch_Crawford_16.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

Greg Crowe was enjoying a peaceful retirement and was in the middle of a bike ride through Vancouver's Stanley Park, when he got the call to take over the helm at Silver One Resources. Dressed in his bike garb, he rode over to the recruitment meeting and was immediately offered the position. Now he's biking less, as he's totally committed to building Silver One Resources. The Nevada Candelaria Project had a remarkable run as a high grade silver producer. It shut down in the late '90's when $5 silver made it uneconomical.

There's likely to be at least 50 million ounces sitting on the leach pads alone and Greg's working over-time to recover it. In addition, the project also has great potential as numerous resources were identified by a prior owner but followed up on. Numerous historic mines there also show promise. That's why the Company has been further expanding its land package as well.

As if all that wasn't enough, the Company staked out a new claim in Eastern Nevada - Cherokee - located near a historic mine. It appears to have numerous veins that have never been drilled upon. Near the northern part of the historic mine, they've found extremely high grade veins of 1900 grams per ton. As we speak, there's a crew on site doing more mapping and a geophysical survey along with drilling is in the offing. Greg is still amazed to have found a property of this caliber that was open to staking, a true rarity in modern Nevada. 

Direct download: Greg_Crowe_Ver_B.mp3
Category:general -- posted at: 2:23pm EDT

We’re truly in Bizarro Land. Negative interest rates are the death knell of a financial system. In Sweden they’re giving negative rate mortgages. The system cannot function for long in this current state. A breakdown is inevitable. It’s just a matter of when. It’s a page right out of 1984. Ignorance is strength. You can’t reward savers with negative rates and not expect extremely anomalous behavior to emerge. When debtors get paid to borrow and savers get charged to save, the system is stood up on its head. The end is nigh. 

Direct download: John_Rubino_10.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

While the powers that be's control over gold and silver has diminished they still manage to exert undue influence over the market. Gold hit $1550 and silver was heading towards $20. This state of affairs could not be allowed to continue. On a given day da Boyz still have the power to bring the market down. But the affects are only limited, lasting for just a few days. The canary in the coal mine has come back to life. And that's a good thing. 

Direct download: Rob_Kirby_10.Sep.19.mp3
Category:general -- posted at: 5:54pm EDT

Our good friend Peter Grandich is back in the rotation. He believes that he’ll never see another bull market in stocks during his life time. And Peter’s not that old. He’s all in on gold and precious metals. And he did that last year, just in time for the emergent precious metals bull. Timing truly is everything in life. 

Direct download: Peter_Grandich_09.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Daniel McAdams runs the Ron Paul Institute for Peace and Prosperity. At a recent event for your adults, he was shocked. His audience was intelligent, dressed well and very engaged. When we hear stories such as these, there's definitely cause for optimism about the leaders of tomorrow. We reviewed the current state of world affairs and how President Trump is turning out to be the ultimate non-interventionist. But the forces of the Deep State are lined up against him and opposing his every policy. In the end, Trump will prevail against most of them, because they've never encountered opposition like him before. 

Direct download: Daniel_McAdams_09.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

A number of leading political figures have consistently downplayed both the economic and military threat from China. Democrat presidential front-runner Joe Biden stated earlier this year, referring to China, "What are we worried about?" It was a follow up to a comment he made in 2018, when he stated "China is going to eat our lunch? Come on, man!"

The Reuters news service notes that "...neither Warren, Sanders nor other candidates have made dealing with China, one of the biggest issues facing the current administration, a significant part of their platform."
Among the mistaken reasons cited for the lack of concern over China's military threat is the obsolete notion that Beijing's military, while large, is not sophisticated. China's government itself has now provided the information that refutes that error, in a white paper from its State Council Information Office entitled "China's National Defense in the New Era."

Direct download: Frank_Vernuccio_09.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

The numbers: The number of people who applied for unemployment benefits in late August rose slightly to 215,000, but layoffs remain remarkably low more than 10 years after the last recession and show little sign of rising even as the economy faces stiffer headwinds. 

Initial jobless claims, a rough way to measure layoffs, increased by 4,000 to 215,000 in the seven days ended Aug. 24, the government said Thursday.

Economists polled by MarketWatch estimated new claims would total a seasonally adjusted 214,000.

What happened: Raw or unadjusted jobless claims jumped by more than 4,500 in New York, likely accounting for most of the increase in claims. New jobless claims were little changed in every other state. 

The more stable monthly average of new jobless claims, meanwhile, edged down by 500 to 214,500. 

The four-week average usually gives a more accurate read into labor-market conditions than the more volatile weekly number. Both remain close to a 50-year low, however.

The number of people in the U.S. already collecting unemployment benefits, known as continuing claims, climbed by 22,000 to 1.7 million. These claims are near a more than 40-year low.

Big picture: Jobless claims are still extremely low and show no sign of rising. The strong labor market is propping up a U.S. economy being buffeted by a trade war with China and a slowing global economy. Consumers are still confident enough to spend and drive the economy forward. 

There’s probably little reason to worry about until jobless claims shoot above 230,000 and move toward 250,000, economists say.

What they are saying? “The labor market remains tight and solid, layoff activity is light and there is no evidence in the economic data that suggests that these conditions will change any time soon,” said Thomas Simons, senior money market economist at Jefferies LLC. 

Market reaction: The Dow Jones Industrial Average DJIA, +0.81% and the S&P 500 index SPX, +0.84% rose in Thursday trades after China said it would not retaliate immediately to the latest U.S. increase in tariffs.

The 10-year Treasury yield TMUBMUSD10Y, +1.99% edged up to 1.51%. Amazing!

Direct download: Brad_Williams_09.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

While more than half of Americans rejected socialism in a recent Gallup poll, 43% surveyed said some version of it would be good for the country. That sentiment was held by 58% of respondents ages 18 to 34, compared with just 36% of those 55 and older.
Americans who came of age during the last recession often embrace a larger government role in social policy. They cite stagnant wages, student loan debt and a decrease in employer-sponsored health insurance and pensions. Younger Americans are less threatened by socialism than older generations, who might associate it with Soviet or Chinese rule.

Direct download: Dr._John_Huber_06.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

 President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.

Speaking at the G-7 summit in Biarritz in France, Trump praised Chinese President Xi Jinping and welcomed his desire for a deal.

“China called last night our top trade people and said ‘let’s get back to the table’ so we will be getting back to the table and I think they want to do something. They have been hurt very badly but they understand this is the right thing to do and I have great respect for it. This is a very positive development for the world,” Trump said.

“I think we are going to have a deal,” he added. “They have supply chains that are unbelievably intricate and people are all leaving and they are going to other countries, including the United States by the way, we are going to get a lot of them too.”

Meanwhile in Beijing, Foreign Ministry spokesman Geng Shuang said he was not aware that a phone call between the two sides had taken place.

When pressed on the details of the call, Trump said he didn’t want to elaborate and reiterated that the U.S. had multiple calls at the highest levels with the Chinese.

“I don’t want to talk about calls. We have had calls at the highest level but I don’t want to talk about that. The vice chairman put out a statement last night that was a statement and saying that he wants to make a deal and he wants calm,” Trump said.

“Our economy is phenomenal, best it has ever been and that’s despite the trade deals. When we get these deals done our country will be transformed, it will be monetarily transformed. It is such a difference from the horrible, horrible one-sided deals that we had in the past. And frankly, past administrations should be ashamed of themselves for allowing that,” Trump said.

On Sunday, Trump said the U.S. and China were getting along very well and were talking.

“Actually we are getting along very well with China right now, we are talking. I think they want to make a deal much more than I do. I’m getting a lot of money in tariffs its coming in by the billions. We’ve never gotten 10 cents from China, so we will see what happens,” Trump said on Sunday.

Before leaving for the G-7, Trump said he would raise existing duties on $250 billion in Chinese products to 30% from 25% on Oct. 1. Additionally, he said, tariffs on another $300 billion of Chinese goods, which start to take effect on Sept. 1, will now be 15% instead of 10%.

At the G-7, Trump said Sunday he could declare the escalating U.S.-China trade war as a national emergency if he wanted to. “In many ways this is an emergency,” Trump said of the ongoing trade battle.

“I could declare a national emergency, I think when they steal and take out and intellectual property theft anywhere from $300 billion to $500 billion a year and when we have a total lost of almost a trillion dollars a year for many years,” Trump said, adding that he had no plan right now to call for a national emergency.

U.S. Treasury Secretary Steven Mnuchin doubled down on the White House’s latest punch in the trade war by calling out Beijing for unfair trade practices. “We do not have free trade with them,” Mnuchin said Sunday on the sidelines of the G-7 meeting in France.

“It’s a one way street: They have free entrance into our markets, our investments, our companies and we do not have the same thing there. That’s the only reason why we are in this situation with China. If China would agree to a fair and balanced relationship, we would sign that deal in a second,” he added.

Direct download: Eddie_Ghabour_05.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

Dunagan Keiser believes that everyone should be a prepper. Not a lifestyle prepper who digs bunkers and has a full stock of gas masks and iodine pills, but rather a reluctant prepper who knows disasters happen and both natural and man made are a normal part of life. But, no matter how much you prep, you could have never prepared for Dorian's strike of the Bahamas. Sometimes, you just have to be ready to flee, because that's the best plan. 

Direct download: Dunagan_Kaiser_05.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

The US is fighting a battle to prevent African Swine Flu from hitting North America. As a result security at the nation's hog farms resembles many military bases and government installations. China lost half its hog herd and it could take several years to bring it back. They're going to need every soybean they can purchase from around the world. In other news, gold and silver are booming and will probably continue on for several years. 

Direct download: Ned_Schmidt_05.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

David Moadel has been urging readers for years to have a precious metals insurance policy as part of their portfolio to insure wealth against governmental blunders. Red ink is flowing around the world and no one is offering real solutions. Add to that the trade war and China's efforts to become the global power and you've got a recipe for chaos. So time to start stacking.


Direct download: David_Moadel_05.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

Gold breaches $1,550 mark for first time in over 6 years on trade jitters
Gold jumped more than 1% to surpass the $1,550 per ounce mark for the first time in more than six years on Monday as investors flocked to safe haven assets driven by the heightened U.S.-China trade dispute.
Spot gold was up 0.45% at $1,533.1 per ounce, after hitting its highest since April 2013, at $1,554.56 earlier in the session. U.S. gold futures were up 0.34% at $1,542.9.

“This is all about the trade tensions and the related risk of global slowdown or even a global recession that is driving investors to safe-havens,” said Julius Baer analyst Carsten Menke.

“There is doubt in markets about these trade talks, so benefit of doubt or the leap of faith is not provided by financial markets anymore when it comes to the trade topic, which will be supportive for gold.”

Washington announced last week an 5% additional duty on $550 billion in targeted Chinese goods, hours after China had unveiled retaliatory tariffs on $75 billion worth of U.S. products.

However, offering limited respite and limiting gold’s advance, U.S. President Donald Trump on Monday said China had contacted Washington overnight to say it wanted to return to the negotiating table.

While European stock markets recovered slightly following Trump’s comments, sentiment remained fragile as the heightened tensions sent investors scrambling into government bonds and whacked emerging market currencies.

“The thinking might be that there is a little bit more positive sentiment now on the trade front, so people may be taking some profits, there are too many longs in the gold market,” said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.

Meanwhile, Federal Reserve Chairman Jerome Powell on Friday said the U.S. central bank will “act as appropriate” to keep the economy healthy, although he stopped short of committing to rapid-fire rate cuts.

The markets are fully priced for a quarter-point cut in rates next month, and over 100 basis points of easing by the end of next year.

Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.

Reflecting increased investor interest in gold, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.6% to 859.83 tonnes on Friday.

Elsewhere, silver jumped 1.2% to $17.61 per ounce after hitting its highest since September 2017 at $17.77 earlier in the session.

Platinum gained 0.9% to $860.90 an ounce and palladium climbed 1% to $1,475.10.

Direct download: Chris_Vecchio_05.Sep.19.mp3
Category:general -- posted at: 9:00am EDT

Everything in life involves risk. Recognizing it and learning to manage it is the key to investment survival in the current market. It's when you're engaging in high risk investing, without recognizing it, that you can really get hurt. Unfortunately, in today's financial system, there are no accurate indicators or risk disclosures. That's why you need to find sources outside the system to learn how to assess and manage your risk. Remember what Bernard Baruch (one of the most successful investors of all time) said, "I got rich letting the other guy make the last 10 percent."

Direct download: Danielle_Park_04.Sep.19.mp3
Category:general -- posted at: 9:01am EDT

For August stock markets were down across the globe. Energy was down. Metals turned up in a big way. Interest rates hit the skids with the 10 Year yielding just 1.5%. Dollar continued rising and Euro is sinking. Bitcoin fell below 9558. Gold to silver ratio is heading south. Platinum starting to take off. Till next month!

DJIA 8/31/19 26403 -1.70%
S&P 500 8/31/19 2926 -1.80%
NASDAQ 8/31/19 7962 -2.60%
RUS 2000 8/31/19 1495 -5.20%
TSX 8/31/19 16442 0.20%
TSX.V 8/31/19 589 -0.50%
MCSI 8/31/19 984 -5.10%
VIX 8/31/19 18.98  
DXY 8/31/19 98.3 0.30%
EURO 8/31/19 110 0.30%
10 Year 8/31/19 1.5 -25.75%
Bitcoin 8/31/19 9558 -4.50%
Au 8/31/19 1523 7.80%
Ag 8/31/19 18.32 12.90%
Pt 8/31/19 932 8.10%
Pd 8/31/19 1515 1.00%
Cu 8/31/19 2.57 -4.30%
WTI 8/31/19 55.1 -5.90%
Brent 8/31/19 60.43 -7.30%
Henry Hub 8/31/19 2.29 2.70%
U308 8/31/19 25.3 -0.30%
Ratios Au : Ag Pt : Au Pt : Pd
  83.10 0.61 0.62
Direct download: Mickey_Fulp_04.Sept.19.mp3
Category:general -- posted at: 9:00am EDT

Mark Campbell is the very definition of persistence. He's been working for years to persuade the Egyptian Government to pass legislation to open up the country's mining industry. Finally, that law has been passed. Mining companies can finally earn a good return and pay reasonable royalties. There's a lot of gold still buried in ancient mines throughout the country. This could be the beginning of a resurgent Egyptian Gold Mining Industry. 

Direct download: MARK_Campbell_faster_04.Sep.19.mp3
Category:general -- posted at: 3:00pm EDT

The 2020 Democratic line up would be a joke if they weren’t so dangerous. David believes that none of the current candidates can win. He believes a dark horse will emerge. Will it be Moochelle Obama, Killary or someone else. David says it doesn’t matter. There is no candidate. 

Are AOC and the Squad being neutralized? We called it here. Watch what happens when you cross Nancy Pelosi. It’s getting very fun and entertaining. 

Direct download: David_Horowitz_29.Aug.19.mp3
Category:general -- posted at: 9:00am EDT

When we last spoke with Craig Hemke it was May 30, 2019. He vehement in his belief that a new gold bull market was underway. Almost 3 months later and we now know that Craig was right. He was hoping for a 1485 gold price, but his expectations have been exceeded. At this rate gold could be way over $1500 by December 31, 2019. And the stocks could really catapult and that would all be fine with Craig. 

Direct download: Craig_Hemke_28.Aug.19.mp3
Category:general -- posted at: 9:01am EDT





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