Back just over a decade ago, The Global Financial Crisis of 2008 was in full swing. To combat the devastation caused by the international financial system nearly collapsing, the U.S. Federal Reserve chose to slash American interest rates all the way to zero percent and to print out literally trillions of dollars to grease the system. The results became readily apparent as an unprecedented 10 year long bull market resulted in every asset class imaginable from stocks and bonds to real estate and cryptocurrencies. Some observers claimed that they went too far in their prescribed cures to save the economy.… Read More

Last week the headlines on gold centered on the triumphant announcement from the World Gold Council that worldwide gold demand increased by a solid four percent for 2018. The subtext was the more important unsung story though. It was actually a multiple decade high of central bank buying of the yellow metal that drove the gold increase, per the Gold Demand Trends 2018 Report of the World Gold Council. In keeping with gold's five year average annual growth, gold demand for 2018 tallied 4,345.1 tons versus the 4,159.9 tons from 2017. This may not impress or awe you initially, but… Read More

In case you needed further proof that all is not well in the economically critical land of home sales, this last week we learned that national existing home sales plunged by a shocking 10.3 percent on a year over year basis. The total number of sales for all homes, including single family, townhouses, co-ops, and condos, declined to an adjusted total of only 4.99 million per the NAR National Association of Realtors. The chart below tells the sordid story: This just happens to be the largest one-time year over year decline in eight years, going all the way back to… Read More

Davos is always interesting in large part for the varied crowd of movers and shakers it brings out for the week to wintry Switzerland. One of the most unusual warnings this [particular year comes from the billionaire founder of the world's largest hedge fund--- Ray Dalio of Bridgewater Associates. He is out sounding the alarm about the next imminent recession while attending Davos' World Economic Forum. Dalio is not just pontificating about the usual U.S.-China trade dispute either. He declared that the kinds of geopolitical conflicts going on now have a suspiciously similar feeling to the market conditions prevalent in… Read More

Thanks to the steadfastness of the World Gold Council, you are never at a loss for how many tons of gold are in demand each year in all of the important gold categories. Just last week, the World Gold Council released its most current data on gold-backed Exchange Traded Funds. The hottest news is that this gold category ended year 2018 over $100 billion┬átotal for the first time since last crisis year 2012. Gold ETF's purchased an additional 69 tons of the yellow metal for 2018, increasing the category's total holdings up to 2,440 tons with a value of $100.6… Read More