Has gold’s moment finally arrived?

Seeking Alpha/Cliff Droke/6-8-2018

“Several weeks into a corrective decline for the gold price and investors are asking the question featured in the above headline. Their hopes have been buoyed by the dollar’s latest slip, along with an impressive rally in the silver price. In today’s commentary, we’ll examine the technical evidence which suggests that gold can indeed benefit from these recent developments.”

 

Share
Posted in Today's top gold news and opinion |

The inflationary tariffs could supercharge gold

Iris/Frank Holmes/6-6-2018

“The good news in all this is that higher inflation has historically been supportive of the price of gold. In the years when inflation was 3 percent or higher, annual gold returns were 15 percent on average, according to the World Gold Council (WGC).”

USAGOLD note:  We will be watching import prices closely to see the effect of tariffs on prices.  Once implemented, it could be swift and deep. One of the pieces of economic history forgotten in all of the analysis is something very fundamental:  Low prices on goods imported from overseas kept a lid on inflation over many years.  That is all in the process of changing now as the global trade war intensifies and spreads.  The just concluded G-7 meeting reflected near panic on the part of the participants as well as a hardening of positions – a message opposite of what participants hoped to convey.

Share
Posted in Today's top gold news and opinion |

Trump turns tables on G-7 allies with free-trade ‘proclamation’

G-7 MEETING –– TRADE WARS

Bloomberg/Jennifer Epstein, Theophilus Argitis and Arne Delfs/6-9-2018

“President Donald Trump shook up a meeting of the leaders of the world’s richest countries with a proposal to eliminate all barriers to global trade, a shift from his aggressive tariff threats ahead of the summit.”

USAGOLD note:   Not to interrupt your summer Saturday, but this struck us as important news. . .

Share
Posted in Today's top gold news and opinion |

USAGOLD’s Mobile Website

Who says you can’t take it with you?
In fact, you can take the gold market everywhere you go.

Prices. News. Opinion. Charts.
And you can order gold and silver
on your phone anytime!

Share
Posted in ClientInsights, Today's top gold news and opinion |

Who really owns bitcoin now?

Financial Times/Hannah Murphy/6-7-2018

“Long-term holders cashed out to short-term speculators, data show . . .”

Chart courtesy  of TradingEcoomics.com

USAGOLD note:  If you are thinking about getting into bitcoin at this late date you might want to read this Financial Times article first.

 

Share
Posted in Today's top gold news and opinion |

DMR–Gold cautious going into Fed week

Gold continued to cautiously hover in the neighborhood of $1300 per ounce as the G-7 meeting in Quebec kicks off today and we prepare for Fed Week – a time typically challenging time for the precious metals.  This time around, however, with so many problems in the global economy – all front and center at the same time – it might be a different story.  We won’t go to the trouble of running once again through a well-known litany. If you do want some details, though, simply scroll through the posts below and you will be up to speed in a matter of minutes.

We thought the Wile E. Coyote reference yesterday from Ben Bernanke particularly apt under the circumstances, though a bit of a surprise that he would be so candid.  Rather than 2020 as the date to mark on your calendar as he suggests, we see the potential for the “cliff event” anytime between now and then – and we believe it will have the distinct look and feel of one of Nicholas Taleb’s black swans.

Quote of the Day
“It was significant that we didn’t see any bears at either venue despite doing a 7.30am, 13 mile valley floor hike! I’m sure the absence of fellow bears was a significant countertrend sign. I learned something else on my trip worth sharing. We took the Yosemite Tram tour of the valley floor and the ranger gave a very interesting talk about fire.  Until 1970 Yosemite Parks was extinguishing regular small-scale fires to prevent property damage. The resultant rise in dense small tree growth meant that although fires were less frequent, they quickly got out of control. Since 1970 they have allowed more fires to burn, resulting in less damage. . . It is therefore reasonable to argue that the US has already faced a ‘normal’ tightening cycle and any additional rate hikes are taking us into territory not seen in recent times. This already may be enough for the Fed to have broken something.” – Albert Edwards, SocGen (with thanks to ZeroHedge)

Chart of the Day


Chart note:  As currency and sovereign debt repayment problems mount among emerging countries and the list of problem countries grows longer by the day, investors living in those countries might be tempted seek shelter in either the U.S. dollar or yellow metal.  As this chart illustrates, the better option since the turn of the century has been gold.  In twelve of the last 18 years, including 2016 and 2017, gold has outperformed the dollar and sometimes by a spectacularly wide margin.  Cumulatively, there is no comparison even when gold’s strong correction in 2013 is taken into account.  Recent history’s verdict is clear. When it comes to safe-haven investing, gold remains on the throne and “king dollar” is the failed usurper.

Share
Posted in Today's top gold news and opinion |

Tweet from the President on G-7

G-7 MEETING


USAGOLD note:  From reports this morning, President Trump intends to leave early. . . .

Share
Posted in Today's top gold news and opinion |

Why $10,000 gold will not be what you think

Gold Seek/Avi Gilburt/6-7-2018

Well, for those of us that have been living for the last 10 years, we have seen gold rally from $300 and almost strike that $2,000 region.  And, with gold now over 4 times the price it was 20 years ago, we can attest to the fact that the world has not come to an end.  Moreover, for those who were truly paying attention, much of gold’s rally from 2002-2011 was accompanied by a rally in the stock market from 2002-2007.”

USAGOLD note:  $10,000 per ounce is a big price for an ounce of gold, but it will not necessarily take an extreme scenario to bring it about, according to Elliott Wave analyst, Avi Gilburt.  In fact, as he explains, it can happen under a totally rationale set of circumstances as demonstrated in past price explosions. An interesting piece of analysis. . . .

Share
Posted in Today's top gold news and opinion |

Watch the Fed’s balance sheet, not interest rates

Financial Times/Gillian Tett/6-7-2018

“When the mighty US Federal Reserve started to unwind its bloated $4tn balance sheet last year, some investors braced themselves for a shock. But it did not immediately transpire — or at least not in a way that American cable television shows (or a president) might notice.”

USAGOLD note:  This article provides more background on recent comments from India’s central bank governor, Urjit Patel, urging the Federal Reserve to go easy on its quantitative easing program with respect to the dangers it imposes on emerging countries.  Gillian Tett does a good job of explaining the complicated scenario Patel is worried about.

Share
Posted in Today's top gold news and opinion |

Bernanke says U.S. economy faces a ‘Wile E. Coyote’ moment in 2020

Bloomberg/Craig Torres/6-7-2018

“The stimulus ‘is going to hit the economy in a big way this year and next year, and then in 2020 Wile E. Coyote is going to go off the cliff,’ Bernanke said, referring to the hapless character in the Road Runner cartoon series.”

USAGOLD note:   I was surprised by Bernanke’s comment and I think many others would say the same.  A slowdown is one thing. Off the cliff is another. Ben Bernanke seemed to have trouble understanding gold’s role in the world of finance while Fed chairman. I doubt any of that has changed, but wouldn’t it make sense for the average citizen to own gold if the economy is going off the cliff in 2020?  There’s a hint of the Greenspan stagflationary scenario in this “loose comment” as Kevin Warsh jokingly described it later at the same conference.

Share
Posted in Today's top gold news and opinion |

Euro rises to three-week high on bets ECB to signal stimulus end

Reuters/Gertrude Chavez-Dreyfuss/6-7-2018

“The euro scaled three-week peaks against the dollar on Thursday as investors boosted their bets that the European Central Bank at next week’s monetary policy meeting will flag the winding down of its vast bond-buying programme by the end of this year.”

USAGOLD note:  This article is a helpful follow-up to this morning’s DMR (scroll below).

Share
Posted in Today's top gold news and opinion |

Fed on track to raise rates regardless of emerging-market woes

Bloomberg/Craig Torres/6-7-2018

“Emerging markets struggling with higher U.S. interest rates are likely to get little sympathy from the Federal Reserve. Currencies of such nations have been hammered in a spreading selloff amid worries that their economies won’t cope with higher U.S. borrowing costs.”

 

Share
Posted in Today's top gold news and opinion |

DMR–Gold trading steady under interesting circumstances

Gold started well in Europe then dropped once again at the New York open, in fact, succumbing to the old habit of trading down in advance of Federal Reserve Open Market Committee meetings.  So it is that gold appears to be suffering from another one of its periodic bouts of price schizophrenia – this time reacting to Italy in European trading and Fed policy in New York trading. Gold is steady at $1298 while silver is flexing some muscle – up 19¢ at $16.89 and perhaps signaling the past few trading session what might be in store for gold.

There is an interesting development progressing quietly in the background that could  have future implications for gold.  In fact, it might be what caused the dollar to drop so abruptly the past few days.  According to front page article in this morning’s Financial Times, top EU economic officials are signaling an end to the central bank’s quantitative easing program. The end to Europe’s bond buying program would at the very least put Europe and the United States on the same page as far as monetary policy goes (if not in the same paragraph or sentence).  It is also likely strengthen the euro against the dollar. Japan which has stayed strangely quiet in the meantime on the global trade brouhaha, finds itself in the same position as the emerging countries in that it does not want to do anything to encourage capital flight.  That translates to taking steps to keep the yen from dropping precipitously.

So we have this cross-Atlantic, cross-Pacific influence that helped drive up the dollar over the past few months, now moving in the direction of driving the dollar lower.  Here is what it looks like on the dollar index chart (which by the way also shows a strong head and shoulders topping formation that traders might be eyeing).  There is a reason I go to the trouble of laying out this scenario.  It could evolve over the weeks and months ahead as a strong positive for the gold market.  As I said above, it may be why we have seen a sudden reversal in the dollar.

Chart courtesy of TradingEconomics.com

Quote of the Day
“SGE’s [Shanghai Gold Exchange’s] transaction volume ranks among the top exchanges globally, buoyed by the tremendous capacity of China’s gold market, and is a reflection of China’s economic progress in the past 40 years. Accompanied by its economic growth, the country now has the world’s largest middle class – which is pushing the demand for gold and gold investment products. Chinese people have a culture of gold consumption and investment, so there is immense market potential as wages and GDP continue to grow, and living standards continue to rise.” – Wang Zhenying, President of the Shanghai Gold Exchange (SGE).

Chart of the Day

Chart courtesy of GoldChartsRUs.com

Chart note:  Few know that seasonality can play a significant role in gold’s price behavior.  As you can readily see in the chart above, the gold price often flattens, or increase sless, during the summer months. It doesn’t always work out that the price trends higher in the second half of the year, but it does enough of the time that veteran gold investors often time their purchases during the so-called “summer doldrums” when gold historically has changed hands at bargain prices.  The fall and winter months by contrast bring with them a predisposition to higher prices that usually stretches into the early part of the following year.

Share
Posted in Today's top gold news and opinion |

China is working to change global commodities trading — to its own benefit

CNBC/Huileng Tan/6-7-2018

“China, the world’s largest consumer of many commodities, is bidding to be the price-maker, not the price-taker for those products.”

USAGOLD note:  Gold and oil head a longer list of commodities in which China will make a future’s market.  As this longish article points out, China intends to put a dent in U.S. and European dominance in commodity pricing and “trade in the daytime” as one Singapore official put it.

Share
Posted in Today's top gold news and opinion |

Trump sticks with hard line on trade as showdown looms at G7

G-7 MEETING

Reuters/Roberta Rampton and David Ljunggren/6-6-2018

“U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House’s top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week’s G7 summit in Canada.”

USGAOLD note:  All eyes will be on the G-7 summit Friday and Saturday.  Always full of surprises, it will be interesting to see how President Trump reacts to the venue that has been described as “G6 versus 1.” All sides will be digging in their heels and, rather than a cooling of tensions, most analysts are predicting an escalation and perhaps a not-so-good outcome.  France and Germany, we read this morning, have already stated that they won’t sign the standard joint communique unless the U.S. makes major concessions on tariffs.  I think that pretty well frames where this meeting is going. . . . . . .

Share
Posted in Today's top gold news and opinion |

Good as gold: Turkey uses bullion to stabilize its economy

Middle East Eye/Simon Constable/6-4-2018

“’This change allowed the government to get hold of the under-the-mattress gold to help stabilize the banks and the underlying economy,’ says Ivo Pezzuto, professor of global economics, entrepreneurship, and disruptive innovation at the International School of Management, Paris, France.”

USAGOLD note:  This article tells the interesting story of how Turkey has put national and citizen gold holdings to work in its behalf.  Though not a panacea for Turkey’s problems, it has purchased the country some time and helped stabilize a precarious economic situation.  CPM Group’s Jeff Christian, a top gold expert, is quoted as saying “I thought the Turkish thing was pure genius. It was using gold in the way that you should use it.”  Turkey’s citizens, as we reported last week, are going to gold coins and bullion to hedge lira depreciation and an inflation rate one analyst puts at 40%.

Share
Posted in Today's top gold news and opinion |

Gold, World War II and Operation Fish

Gold Eagle/Frank Holmes/6-6-2018

“Although not directly addressed in Darkest Hour, the U.K. ended up evacuating billions of dollars’ worth of gold bullion and other assets across the Atlantic, all to be kept safely in Canada. The mission, codenamed ‘Operation Fish,’ is still the largest movement of physical wealth in history.”

USAGOLD note:  An interesting story about the the bedrock value of gold in the context of a very good movie and Gary Oldman’s extraordinary portrayal of Winston Churchill.  Holmes weaves Britain’s gold mobilization of World War II with Germany’s repatriation in the modern era along with that country’s recent rise to the number three position for gold investment consumption globally.

Share
Posted in Today's top gold news and opinion |

El-Erian warns Brazil may be next emerging market domino to fall

EMERGING COUNTRIES CRISIS

Bloomberg/Ben Bartenstein/6-6-2018

USAGOLD note:  Earlier this morning I offered a list of emerging country’s with serious economic problems. (Please scroll below to “Fed’s dilemma . . . . “) It included Italy, Turkey, Indonesia and Argentina with the possibility of India becoming a new entry.  I may have posted the list too soon.  Since then we have had two more entries:  Brazil (if El Erian is right) and Bahrain (if Franklin Templeton is right). Stick around. We may need to add more entries before sun-up tomorrow.

Share
Posted in Today's top gold news and opinion |

EU, Mexico retaliate

TRADE WARS

EU presses ahead with retaliation to US steel tariffs/Financial Times
“The EU has confirmed plans to target €2.8bn of US products with extra tariffs as it prepares its retaliation against Donald Trump’s move to hit European steel and aluminum with punitive duties.”

Mexico retaliates against steel levies with tariffs on US imports/Financial Times
“The peso plunged on Tuesday after Mexico imposed tariffs on US imports including bourbon, apples, potatoes, cheese and pork in retaliation to the Trump administration’s levies on steel and aluminum.”

Share
Posted in Today's top gold news and opinion |

DMR–Gold inching higher on minor short-covering, bargain hunting and capital flight problems in India

Gold inched back toward the $1300 level in early U.S. trading today – up $2.00 at $1299. Silver is up 17¢ at $16.68.  The timing on the upticks, coincident the last few days with the COMEX open, gives the appearance of some minor short-covering, but it remains to be seen if it indicates a more conclusive turn among the big speculators.  Gold could also be attracting some interest from price-conscious bargain hunters.  Recent developments in India could also be at play in the gold market.  Yesterday, the Royal Bank of India made public its concern about the Fed’s quantitative tightening programming and the stronger dollar.  Today it hiked rates to stem capital flows out the country.  India’s gold-conscious citizenry is unlikely to take such signals from its central bank lightly – the same mindset that inspires capital flight also inspires gold acquisitions.

Quote of the Day
“I’m in the inflation camp. I think it’s coming. I have thought this for a while. People have looked all over for it as if looking for a lost sock or a hairpin: Where did it go? Where is that thing? But I do believe that the central bankers who have been kind of begging for inflation will be surprised at the generosity of the inflation gods over what they will ultimately be handed.” – James Grant, Grant’s Interest Rate Observer

Chart of the Day

Chart note:  This chart illustrates the solid real rate of return gold has delivered against goods and services in twelve of the past sixteen years. In seven of those years, gold’s appreciation significantly outstripped the inflation rate. With gold currently trading at cyclical lows, you can now combine hedging the worst-case scenario with the extra advantage of securing an asset that is generally viewed as undervalued. This chart reinforces gold’s role as an alternative savings vehicle for the times.

Share
Posted in Today's top gold news and opinion |

Working together to achieve mutual benefit in the golden era

Crucible/Wang Zhenying-President, Shanghai Gold Exchange/June, 2018

USAGOLD note: Whenever officials in China talk publicly about gold, it is usually in the context of the baseline cultural attachment the Chinese people have with the metal.  In this article, SGE’s president, Wang Zhenying, verifies total gold consumption in China of 1087 tonnes in 2017 – roughly one-third of the world’s annual mine production.

“Accompanied by its economic growth,” says SGE’s president, “the country now has the world’s largest middle class – which is pushing the demand for gold and gold investment products. Chinese people have a culture of gold consumption and investment, so there is immense market potential as wages and GDP continue to grow, and living standards continue to rise.”

All of this bodes well for gold demand in the future as the rest of the world, including India with its 700 tonne off-take last year, competes with China for the available supply. 

(Crucible is published by the Singapore Bullion Market Association.)

Share
Posted in Today's top gold news and opinion |

Smart money is moving into gold as volatility returns

NewsMaxFinance/Olivier Garrett/6-4-2018

“As you can imagine, these speakers usually don’t talk much about gold. They’re more concerned with stocks, funds, bonds, and the like.  But this year was different. I’ve never seen so many high-profile investors mention gold as a safety net—and that includes some who were previously hard-core gold bears.”

USAGOLD note: This article summarizes speeches on gold’s prospects from several top-notch analysts including Jeff Gundlach, David Rosenberg, Louis Gave, Mark Yusko and Grant Williams.

Share
Posted in Today's top gold news and opinion |

Fed’s dilemma grows more acute after EM and Europe turmoil

Bank of India governor pleads for US central bank to relax tightening plans

Financial Times/Joe Rennison and Robin Wigglesworth/6-4-2018

USAGOLD note: This article focuses on the fine line the Fed must walk between an interest rate policy that further fuels the sell-off in other countries currencies and sovereign debt and its publicly stated goals of gradually raising rates and reducing its balance sheet. At the present, we have serious problems in Italy, Turkey, Indonesia and Argentina as capital flows out of these countries and into the U.S. dollar. These problems could accelerate. A number of other countries not presently in the headlines could find themselves the center of the unwanted attention. India, it would seem, has now drawn attention to itself with the plea from its central bank for the Fed to go easy. We should also keep in mind, as we have mentioned on this page previously, that industrialized, G7 level countries are not immune to a speculative attack on their currencies as well. Gold demand in these countries is likely to accelerate as the citizenry seeks shelter from the storm.

Share
Posted in Today's top gold news and opinion |

Switzerland’s AHV moves into physical gold

IP&E/Barbara Ottawa/6-5-2018

“The tender marks a shift in the investment strategy for AHV/AVS, as it previously only invested in gold and silver via swaps. ‘The supervisory board has decided we are to invest in physical gold bars from now on,’ the fund told IPE in a statement.”

USAGOLD note: AHV/AHS is Switzerland’s government sponsored pension plan and the investment made was  700 million swiss francs – a large sum.  As time goes by, I believe we are likely to see more and more conservative money managers following AHV example and opting for physical gold ownership over its many counterparts.  The only way to truly hedge the financial system is to invest in gold in a form 100% detached from it – in the form of coins and/or bullion.  Owning swaps, ETFs, futures, options, stocks et al amounts to buying into the systemic risks the investor is attempting to hedge. AHV acknowledges as much at the link above.

Share
Posted in Today's top gold news and opinion |

Jim Chanos: “Cryptocurrency is a security speculation game masquerading as a technological breakthrough”

Institute for New Economic Thinking/Lynn Parramore/6-4-2018

“At one blockchain gathering there were a set of rented Lamborghinis parked outside to entice the traders and day traders and retail investors: this, too, can be yours if you hop aboard the blockchain and bitcoin bonanza! I teach about a guy from the early 18th century called John Law. He was the architect of one of the great financial frauds of all time — the Mississippi scheme of 1718-20 in Paris. (He’s also the guy who founded New Orleans. He sent settlers there who named it after his benefactor, the Duc d’Orléans).”

USAGOLD note:  One of the more well-thought out and basic critiques of the bitcoin mania I have seen.  Well worth the visit to the link above. Worth a double red flag. . . . . .

Share
Posted in Today's top gold news and opinion |

Gold hovers, 2018 Year of the Doldrums for investment markets thus far

Gold continued to hover in the mid-$1290s lacking any clear motivation to strike out in either direction – up or down. Gold owners might be a somewhat disappointed with their favorite precious metal being stuck in the doldrums.  The angst, though, might be somewhat relieved when it sinks in that all the markets have been stuck in the doldrums for much of 2018.

The Dow Jones Industrial Average is down 2.6% on the year.  Bonds have come down with a resounding thud. Commodities, which have received much attention thus far this year, have not responded in kind – up only 1.4% on the year.  The dollar has been the star performer among primary assets, but even so the gains have been less than inspiring – up 2.8% on the year.  Gold, as it turns out, is just one among many non-starters for 2018 with a paltry .7% gain thus far on the  year.

So we should see 2018 for what it has been for most investments during its first five months – the Year of the Doldrums.

Quote of the Day
“Speculative bubbles have occurred throughout history. These episodes are characterized by a continuous sharp rise in the price of a particular asset or group of related assets, leading to further price increases driven by new speculators seeking profits through even higher prices. These higher prices are driven by the potential profits to be made through trading, rather than the earning capacity or economic value of the asset. These speculative manias then come to abrupt and dramatic endings, as expectations change and buyers quickly become sellers, in mass. The consequences are often disastrous, with the ensuing crash inflicting financial pain on the region or country involved. Euphoria turns to despair as the mandatory readjustment that takes place in the economy creates massive worker dislocation and great numbers of bankruptcies.” – Douglas French, Early Speculative Bubbles and Increases in the Supply of Money

Chart of the Day

Chart note: Since gold’s secular bull market began in the early 2000s, silver has kept up with its sibling metal in fits and starts. Presently, at a ratio of just under 79 to 1, silver is greatly undervalued relative to gold. The gap between the two metals, as you can see in the chart, has become accentuated in recent months leading some to think silver is overdue for a catch-up rally. There is precedent for such a rally. Silver trailed gold in 2009-2010 then spiked to close the ratio to 32 to 1 in 2011.  In early 2016 it again trailed gold then sharply accelerated beginning in April of that year to close the gap. Silver enthusiasts are hoping for similar performance in 2018, and we have seen some signs of a make-up rally.  The ratio’s interim peak came in March of this year at 81 to 1.

 

 

Share
Posted in Today's top gold news and opinion |

US-China $100bn trade war nears as talks end without deal

Financial Times/Tom Mitchell/6-4-2018

“The world’s two largest economies remained on track to commence a $100bn trade war as early as this month, after a third round of China-US trade negotiations ended in Beijing on Sunday without a breakthrough.”

USAGOLD note:  The Financial Times, which is my base publication for obtaining global news, has been reluctant to use the words “trade war” in its day-to-day coverage.  It is worth noting that suddenly FT is willing to entertain the notion of “a trade war commencing as early as this month.”  Sometimes amidst the avalanche of information with which we are inundated on a daily basis, it is difficult to pin down the event or events of lasting importance.  This last breakdown in negotiations might be seen in future years as the point at which hopes for a settlement were dashed between China and the U.S. and there was no alternative left but for the combatants, as unpalatable as it might seem, to proceed on a war footing.  The markets, thus far, have taken this latest setback in stride, but the markets seem affected by little else these days beyond the effects of algorithmic trading in their day to day pricing.

Share
Posted in Today's top gold news and opinion |

Better Business Bureau Five Star Review

__________________________________________________

Recent Better Business Bureau Client Review

“Before investing in gold I really didn’t have a clue about what or how much to invest in. I came across the USAGOLD website and found an excellent resource for both first time and seasoned buyers. My representative has always provided me with useful and trustworthy analysis related to the markets and trends that has further informed my purchase decisions. Transactions are timely and handled with a high degree of professionalism and integrity. I cannot recommend this company highly enough.” – Y.O., 5-14-2018

Scorecard: 38 45 five star reviews. Zero complaints.
A+ rating. Accredited since 1991.

[Link]

USAGOLD Recommendation: The precious metals industry is unique in the financial industry in that it is not subject to oversight or regulation by third-party government entities like the SEC or CFTC. As such, marketplace forums and feedback sites often serve as a replacement for investors attempting due diligence. While several options can be found, by far the most impartial and least susceptible to vested influence is the Better Business Bureau. When looking at a company’s BBB profile, don’t focus solely on the rating. To be honest, pretty much everybody has an ‘A’ or ‘A+’ rating. What is far more important to assess is the number and nature of complaints, number and caliber of positive and negative reviews, longevity with the BBB, as well as the number of ‘stars’ given a company through the actual customer review system.

__________________________________________________

Share
Posted in ClientInsights |

G7 or ‘G6 + Trump’

Reuters/David Ljunggren and Roberta Rampton/6-4-2018

USAGOLD note:  After the grilling and lecture party thrown for Treasury Secretary Mnuchin this past week at the G-7 meeting of finance ministers, one would have to think that the Quebec meeting of heads of state has the potential to become a circus of threats, counter-threats and posturing. . .with President Trump in the center ring.  It will be interesting to see how the president handles it.

Share
Posted in Today's top gold news and opinion |

Falling Deutsche Bank shares reignite ‘black swan’ worries

MarketWatch/William Watts/6-2-2018

“‘To this observer (who has consistently warned about Deutsche Bank being the next Black Swan and the imbalances in the European banking system (particularly in Italy), the risks of a possible negative multiplier effect on other European financial intermediaries and on the region’s economic prospects is profoundly real,’ wrote hedge-fund manager Doug Kass in an email to clients Thursday.”

USAGOLD note:  One thing leads to another. . . .the problems stack up and suddenly with a loud noise something breaks.

Share
Posted in Today's top gold news and opinion |