By: Dave Kranzler, Mining Stock Journal - 4 December, 2019
As the global economy, including the U.S. economy notwithstanding the insistence to the contrary by the Fed and Trump, continues to contract it’s quite probable that CLOs/leveraged loans will begin to melt-down Chernobyl-style. Referring back to the SPX/CLO bond price chart above, in my view there’s no coincidence that the Fed’s intervention in the repo market commenced at about the same time the triple-B CLO bonds began to take a dive. That price decline is even more pronounced for the tranches with ratings below triple-BBB.
To be sure, CLO’s are not the only financial wildfire outbreak targeted by the Fed’s money printing, but I would wager a healthy amount of gold coins that distress in the CLO market is one of the primary troubles right now. And the problem is magnified when you take into account the credit default swap transactions “wrapped around” these CLO trusts. These derivative trades also require an increasing amount of collateral as CLO tranche distress escalates. Full Story
However, a day is coming when these Banks will be faced with a margin call of true physical delivery for the unallocated and fantasy "gold exposure" that they have created over the past 45 years. Don't allow yourself to be a bag-holder. Take immediate physical delivery or move your metal to a trusted custodian outside of the banking system.
There are now multiple countries that have repatriated their physical gold from London and the other banking centers. If these countries don't trust the Bullion Banks, why should you? Heed their warning and repatriate your personal gold as soon as possible. Full Story
By: Gary Christenson, The Deviant Investor - 4 December, 2019
The Deep State lives on dollars, trillions of dollars. Those trillions support the political and financial elite. They buy the allegiance of Congress, the press, Pentagon, media and many others.. Full Story
We currently have well above average prices for stocks, bonds and homes. This raises a simple question - what would happen to the average retirement account and to home equity for the average homeowner, if valuations were to return to what long term averages show us are normal valuations?
Using decades of valuation information on stocks, bonds and homes, this analysis develops numbers in each category that show how much of current national stock, bond and home prices represents average values, and how much is a premium above normal valuations.. Full Story
The return to sound money and limited government requires a 180-degree shift in ideology in Washington and an informed electorate. That isn’t going to happen until some hard lessons have been administered – most likely in the form of a dollar crisis.
Trouble is, the political theater has become such a distraction. It’s harder to keep track of which problems have a political solution and which do not.
The long slide into national bankruptcy is in the latter category. Prepare accordingly. Full Story
By: Larry LaBorde, Silver Trading - 2 December, 2019
When considering the space requirements of $1,000,000, the first question is in what form? I will try to illustrate the volume and weight of $1 million dollars in three forms: $100 bills, gold eagle coins and silver eagle coins.
I have had some customers surprised by the volume of metals they have ordered when it arrives. Some have been overwhelmed (usually with silver) and others have been underwhelmed (usually with gold). Full Story
"The New York Fed's response points to purported Dodd-Frank law rules prohibiting disclosing for two years of the identities of banks that receive 'loans made under discount window programs.' I believe that the New York Fed's response was a cute evasion that may be exposed by specifying the loan types about which GATA sought information.. Full Story
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