Daily Digest 10/6 - Revisiting the Fall of 2008, Massive Red Tide Chokes Florida Beaches

• Revisiting the Fall of 2008
• Amazon eliminates monthly bonuses and stock grants after minimum wage increase
• How Trump Is Trying—And Failing—To Get Rich Off His Presidency
• Alarm as Red Cross workers attacked in Congo Ebola efforts
• Trump administration pushing to ease roll-out of driverless cars and trucks
• GM’s self-driving deal with Honda is a wakeup call for Waymo
• Mattress Firm files for Chapter 11 bankruptcy protection, will close up to 700 stores
• The No.1 Pitfall For Oil Prices
• Red tide just spread to Florida's Atlantic coast, choking some the most popular beaches
• The Pentagon Wants to Create a Bioengineered Insect Army to "Protect Crops"

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Think You're Prepared For The Next Crisis? Think Again.

So how ready are you, really, if we're indeed headed into another 2008-style market crash?

One in which the major stock market indexes could drop 50% or more in a matter of just a few weeks? Where housing prices could drop by 30-40% (or more) and home buyers go on strike? Where bond prices relentlessly drop as interest rates march higher, freed from a decade-long supression at historic lows? Where mass layoffs return, and hundreds of thousands of workers lose their jobs each month?

Things could get ugly. Really, really ugly. 

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Commercials Increase Most Bet-Long Gold Market Positions In 17 Years!

Commercial hedgers have now increased their most net-long positions in the gold market in 17 years (long for the fifth week in a row).

The post Commercials Increase Most Bet-Long Gold Market Positions In 17 Years! appeared first on King World News.

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WARNING: The Markets Are Suddenly Looking Very Sick

As you probably know, our model here for tracking and staying ahead of the next financial crisis is to watch for trouble to move from “the outside in.”  This means that the weaker elements in the system always fail first.

Therefore, we prioritize watching junk debt more than investment grade debt, investment grade debt more then US Treasurys (the supposedly safest bonds in the world).  We watch Italy closer than Germany, and Turkey closer than Italy.

The weakest elements always go first.

And when the central bank created credit-liquidity cycles come to an end, this is especially true.

And when the weakest players topple, the contagion up the quality chain usually starts happening fast.

Very fast.

This is why we've long been advising a prudent and careful strategy of money management over these past several years, as painful as that’s been while the party has been raging higher. 

And while we’re not anxious to be vindicated (because there will be a lot of misery in the world when these credit bubbles finally burst), we’re confident that we will be.

Has that time begun? Is it finally time to call it, and pronounce this long-lived credit cycle dead?

Well... we’ve thought so before and been wrong, so let us be the first to temper our remarks here. If the extraordinary efforts of the central authorities have taught us anything over the years, it’s to be cautious and humble when it comes to marking “market calls.”

Since we don’t have a crystal ball, let's share the data that’s been accumulating on our desktop these past few months that has us thinking that the long-awaited market correction may have indeed arrived this week. This evidence suggests that the crumbling decay in the markets has just recently passed several critical marks, and that a major breakdown to the downside may be unfolding before our eyes.

And while we’ve not (yet) ready to issue an official “Alert” to all of our readers, this is for sure a serious warning.

Let's start by looking at these critical charts...

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EUROPEAN ANALYST: Is An Epic Gold Short Squeeze In The Cards?

One European analyst just warned, is an epic gold short squeeze in the cards? Is An Epic Gold Short Squeeze In The Cards? By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein October

The post EUROPEAN ANALYST: Is An Epic Gold Short Squeeze In The Cards? appeared first on King World News.

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Daily Digest 10/5 - Good News Friday: In Praise Of Mediocrity, Using Renewable Energy To Live Independently

• U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years
• In Praise of Mediocrity
• The Good News for People Worried About Saving for Retirement
• Uber will offer free rides to the polls on Election Day
• How I Paid Off $10,000 in Debt While Teaching English in South Korea
• The Case for Making Cities Out of Wood
• Fish-Oil Heart Medicine Is Rarest of Drug Breakthroughs
• Small planet, big impact: How 'The Goblin' could reshape our ideas about the solar system
• I-294 could soon include ‘smart-powered lanes’ to charge electric cars
• In Montana, a Tough Negotiator Proved Employers Don’t Have to Pay So Much for Health Care
• Gender equity making strides worldwide, if not in America
• A rock that was used as a doorstop for the past 30 years turns out to be a meteorite valued at $100K
• Commercial fishing banned across much of the Arctic
• Will America run short of seafood? This ocean farm could save us
• Offgrid communities: using renewable energy to live independently

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Tripping Down the Primrose Path to Ruin: SchiffGold Friday Gold Wrap 10.05.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes. The yield on the 10-year Treasury hit its highest level in seven years this week. In other words, interest rates are going up. This isn’t good news in […]

The post Tripping Down the Primrose Path to Ruin: SchiffGold Friday Gold Wrap 10.05.18 appeared first on SchiffGold.com.

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Fun on Friday: The Biggest Waste of Gold Ever

People love to cover things with gold. It’s pretty. But more than that, gold makes things more valuable. In past Fun on Friday columns, I’ve highlighted some of the stuff people have coated with gold including earbuds, Nikes, a hairdryer, chicken wings, and soap. Well, this week I’ve got another for you, but I’m going […]

The post Fun on Friday: The Biggest Waste of Gold Ever appeared first on SchiffGold.com.

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The Federal Debt Spiral

Death-spiral — The downward, corkscrew-motion of a disabled aircraft which is unrecoverably headed for a crash. The US federal government may well be in a death spiral  – or perhaps we should call it a debt-spiral.  I was looking back over the posts for this week and noticed something significant. The headline for our second […]

The post The Federal Debt Spiral appeared first on SchiffGold.com.

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Michael Stumo – Trump Winning on Trade

from Financial Survival Network

Michael Stumo joined us to discuss the winning Trumpian way on trade. So far Mexico jumped on the Trump Train, as have Canada, the EU, Korea, Japan and others. No one believed that Trump could impose or negotiate a NAFTA replacement and yet he’s done it. Next comes the biggie, China. Will they back down or capitulate? Get ready to notch another Trump victory.

Click Here to Listen to the Audio

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Lior Gantz – How Millennials Can Build Lasting Wealth

from Financial Survival Network

Lior Gantz has had many successes at the investment table. And he’s also have a number of losses. He’s put together a special report on how to build wealth over time so that you can achieve financial independence and have a comfortable retirement. The rules are simple to follow and easy to implement. You just need some discipline and motivation and the rules will take care of everything else.

Click Here to Listen to the Audio

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This Major Indicator Has Now Reached One Of The Most Extreme Levels In 60 Years

This major indicator has now reached one of the most extreme levels in 60 years.

The post This Major Indicator Has Now Reached One Of The Most Extreme Levels In 60 Years appeared first on King World News.

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Eric Hadik – Gold Trend Up for 4th Quarter

from Financial Survival Network

Eric Hadik joined us today. He’s still confident that gold and gold stocks will begin a longer term up trend in the 4Q. The US dollar will be stay strong for the foreseeable future and oil is going to shortly peak. the stock market while still hitting new highs is getting closer to a top. We’ll know soon enough. Stay tuned.

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Danielle Park – ETF’s Never Go Down, Right?

from Financial Survival Network

Danielle Park notes that ETF’s (exchange traded funds) are all the rage on Wall Street. They’ve seemingly eliminated the need to be a stock picker. Just choose a sector, buy the EFT, set it and forget it. But there’s a problem. The number of publicly traded US stocks is down nearly 50 percent. Therefore, the breadth of the market and the stocks actually going up has been shrinking. We’ve seen many companies get bought out or merged out of existence. Since Sarbanes Oxley’s passage during the Bush admin, the number of new issues has dramatically declined. When things do start heading south, ETF’s will be the equivalent of pouring gasoline on a fire.

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Daily Digest 10/4 - Sources of Existential Angst, What Happened To Treasurys On Wednesday?

• Hussman Market Comment: The Music Fades Out
• To Understand Venezuela’s Crisis, Look to the Past … and the CIA
• James Howard Kunstler: Imaginary Monsters and the Uses of Chaos
• Sources of Existential Angst
• Humanoid construction robot installs drywall by itself
• Chinese spy chips are found in hardware used by Apple, Amazon, Bloomberg says; Apple, AWS say no way
• Could the next astronaut on the moon travel in this space lander from Lockheed Martin?
• What Happened To Treasurys On Wednesday?
• Treat Symptoms Or Causes?
• Russia and Other ex-Soviet Countries Do Not Control Their Central Banks - This Must End!
• Most Twitter Accounts Linked To 2016 Disinformation Are Still Active, Report Finds
• US Switching to Ukraine as Location to Start World War III Against Russia
• Flu season has begun, but when should you get the vaccine?
• Why The Oil Price Rally May Soon End
• Tonight a Virgin Atlantic 747 will fly on fuel made from industrial waste gas
• Trump administration sees a 7-degree rise in global temperatures by 2100
• A Running List of How President Trump Is Changing Environmental Policy
• Can the Great Lakes Continue to Fend Off an Increasingly Thirsty World?
• Climate change threatens extinction but politicians only care about next election – Ken Livingstone

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