Equity 1 Group
Pushing back the frontiers of economic ignorance and restoring sound financial foundations, one family at a time.

Aug
13
Aug
13

National security expert Jim Rickards to talk about North Korea, debt, the stock markets and when this all unravels .

Aug
13
Aug
13

ZeroHedge  |  Tyler Durden / Ray Dalio

It’s been a while, years in fact, but suddenly it’s gold’s time to shine again.

The yellow metal – insurance against systemic collapse, hyperinflation and infinite political stupidity – which in recent years has seen its popularity fade as the younger generation has gravitated toward the far faster moving crypto currencies – is once again back in the spotlight.

As UBS’ strategist Joni Teves, who has been recommending the precious metal for a long time despite the BOJ’s relentless suppression, writes “gold bounces from recent lows in line with other safe havens amid risk-off sentiment across markets following geopolitical headlines over the past 24 hours.” Below are the key considerations from today’s UBS note: Read the rest of this entry »

Aug
13

Mike Gleason with guest Gerald Celente.

Join Mike for an explosive interview on the dollar, the growing tensions with North Korea and a wildcard that Gerald sees driving a big run in gold.

Aug
12

BusinessDay  |  Eric Onstad

“Amid all the sabre-rattling, we expect gold prices to continue to move higher and likely cross the $1,300 an ounce mark in relative short order,” said INTL FCStone analyst Edward Meir.

Picture: REUTERS/NEIL HALL

London — Gold hit its highest levels in two months on Thursday as the US and North Korea exchanged more threats, prompting investors to buy bullion as a safe-haven asset.
On Thursday, North Korea outlined detailed plans for a missile strike near the Pacific territory of Guam, keeping up a war of words with US President Donald Trump after he said Pyongyang would face “fire and fury” if it continued to threaten the US.

“For now, the uptrend is very much intact in gold, reacting to external geopolitical events,” said Jonathan Butler, commodities analyst at Mitsubishi in London.
Spot gold was up 0.2% at $1,279.33 per ounce by 10am GMT after hitting $1,280.53 an ounce, its highest level since June 9. Gold climbed 1.3% in the previous session, its biggest gain since mid-May. US gold futures for December delivery rose 0.5% to $1,285 per ounce.

Read the rest of this entry »

Aug
12
Aug
12

WallStreetOnParade  |  Pam Martens & Russ Marten

While record household debt levels and inability to save certainly play some role in the low level of stock ownership, continuing distrust in Wall Street is likely also a key factor.

Wall Street Bull Statue in Lower Manhattan

On April 7, 2011 the Dow Jones Industrial Average closed at 12,409.49. Yesterday, it closed at 22,048.70, an increase of more than 9600 points over the six-year span. A bull market of this magnitude lasting more than half a decade would have been expected by Wall Street experts to have sucked in even the most cynical Wall Street naysayers. It hasn’t.

Each April, the polling firm, Gallup, conducts its annual Economy and Personal Finance Survey. It asks U.S. adults whether they personally or jointly have money invested in the stock market, either in individual stocks or stock market funds, including through vehicles such as 401(k)s and Individual Retirement Accounts (IRAs).

Read the rest of this entry »

Aug
12

SnaleHoleLounge

Is Winter coming?

yellenwinteriscoming

The Dow Jones Industrial Average keeps on rising and is now hovering around 22,000.
But not every indicator is rising. Corporate profit per unit of real gross value added (after tax with IVA and CCAdj) has been declining YoY for 7 of the last 8 quarters.

Corporate profit per unit follow a similar pattern following a recesssion. They rise rapidly, then begin slowing until the point at which they are consistently declining on a YoY basis.

The following chart shows the current slowdown in corprate profit per unit of real gross value added, similar to the slowdown following Q3 2006 and Q3 1997 before recessions.

Is Winter coming?

Aug
12

Rising Sun: Japan’s Economic Problem Pt. 1