• Tag Archives North Korea
  • These Are The 30 Biggest Risks Facing Markets In 2018

    Once upon a time, Wall Street analysts had just two things to worry about: interest rate risk and corporate profits – virtually everything else was derived from these. Unfortuantely, we now live in the new normal, where central banks step in every time there is even a whiff of an imminent market correction (as BofA explained last week), and the result is that nobody know what is and what isn’t priced into the market any more, simply because the market in the conventional sense of a future discounting mechanism no longer exists (as Citi explained earlier this summer).
    Which is why, paradoxically, even as the VIX slides to record lows, the number of things to worry about on Wall Street grows longer and longer. In fact, according to Deutsche Bank’s Torsten Slok, there are no less than 30 material risks investors should beware in the coming year, ranging from a U. S. equity correction to a reversal of Brexit to Irish presidential elections, to a “Bitcoin crash,” rising inflation, danger from North Korea and results from special counsel Robert Mueller’s probe.

    This post was published at Zero Hedge on Dec 10, 2017.


  • Beware Of Fake Expectations

    When you read the title of this article, I am sure you assumed this article would be all about the latest event of fake news which supposedly rocked the market this past Friday. Well, I am sorry to disappoint you.
    You see, many investors have been following fake news for much longer than you realize. Well, more accurately, the news has been real, but the expectations held by analysts and investors has been fake.
    As I have been presenting for quite some time now, we have seen many expectations of negative reactions to news being presented by analysts over the last two years. They have pointed to news events like Brexit, Frexit, terrorist attacks, rise in interest rates, cessation of QE, the Trump election, and many other reasons as to why the stock market will start heading south in a big way. So, while they have all pointed to real news events, their expectations have been fake.
    So, maybe its time to consider that fake news and fake expectations have potentially been hurting investors these last few years!?
    And, rather than maintaining fake expectations about how the next news event is going to ’cause’ a move in the market, at some point, investors may have to accept that the substance of these news events do not cause anything. Rather, it is the investor reaction to the news events which cause movements in the market. And, investor reactions are driven by investor sentiment.
    When investor sentiment is positive, seemingly negative news events are discounted (terrorist attacks, North Korea, rising interest rates, cessation of QE, etc.) as the market continues on its northern trajectory. However, as the market completes its natural path of progression, we reach a point at which it is time we can begin to expect that investor sentiment has reached a pinnacle, and will likely turn south for a time.

    This post was published at GoldSeek on Wednesday, 6 December 2017.


  • VIX Options Volume Hits Record High As Equity Correlation Flashes Red

    Traders bought and sold an all-time record high 3.15 million VIX options on Friday (as ‘elephants’ and ’50cent’ re-emerged) amid the Ross Rout and North Korean shenanigans.

    This post was published at Zero Hedge on Dec 4, 2017.


  • The U.S. Government Creates and Exacerbates the Nuclear Threat

    The whole situation is a ‘Catch 22’ scenario: damned if you do, and damned if you don’t. The problem: we’re American citizens and this is our country. The concurrent problem? It is our country that caused this predicament to occur with North Korea…in a pattern of American imperialism that has been going on actively for about a hundred years. The problem is twofold:
    1. North Korea can strike the U. S. with an EMP (Electromagnetic Pulse) attack and/or nuclear missiles, yet:
    2. The United States government, through the current and prior two administrations has set the stage for this…as either:
    A purposefully-created ‘threat’ to give America a ‘bogeyman’/Emmanuel Goldstein to focus on in a ‘Two-Minutes Hate’ drill…keep the ‘threat level’ alive, or A threat of insignificance grown and nurtured for the express purpose of taking down the country…while reaping profits and power for the oligarchy all along. There is an American oligarchy. The oligarchy is not only made up of business and industrial magnates, but of politicos and religious leaders. The business magnates need the lawmakers and politicos to give them ‘carte blanche’ with tax breaks and incentives such as government contracts. The system needs the general populace (or the ‘proletariat’) to pay taxes and ‘grunt’ out spending on consumer goods and services that keeps the whole thing intact. As in the movie ‘THX-1138,’ there must be periods to pay the utilities, pay for the food, pay taxes on gasoline, taxes on property, taxes on consumer goods, yearly tax increases, and insurances…health, automobile, homeowner…required insurances…

    This post was published at shtfplan on December 4th, 2017.


  • US Futures, World Stocks, Bitcoin All Hit Record Highs

    US equity futures continued their push higher into record territory overnight (ES +0.1%), and the VIX is 1.5% lower and back under 10, after yesterday’s blistering surge in US stocks which jumped 1%, the most since Sept. 11, following Powell’s deregulation promise, ahead of today’s 2nd estimate of U. S. Q3 GDP which is expected to be revised up. U. S. Senate Budget Committee sent the tax bull to the full chamber to vote, and on Wednesday Senators are expected to vote to begin debating the bill. It wasn’t just the S&P: MSCI’s all-country world index was at yet another record peak after all four major Wall Street indexes notched up new highs on Tuesday. Finally, completing the trifecta of records, and the biggest mover of the overnight session by far, was bitcoin which topped $10,000 in a buying frenzy which saw it go from $9,000 to $10,000 in one day, and which is on its way to rising above $11,000 just hours later.
    In macro, the dollar steadies as interbank traders and hedge funds fade its rally this week; today’s major event will be testimony by outgoing Fed chair Janet Yellen after Powell said there is no sign of an overheating economy; the euro has rallied on strong German regional inflation while pound surges on Brexit bill deal news; yields on 10-year gilts climb amid broad bond weakness; stocks rise while commodities trade mixed.
    In Asia, equity markets were mixed for a bulk of the session as the early euphoria from the rally in US somewhat petered out as China woes persisted (recovered in the latter stages of trade). ASX 200 (+0.5%) and Nikkei 225 (+0.5%) traded higher. Korea’s KOSPI was cautious following the missile launch from North Korea, while Shanghai Comp. (+0.1%) and Hang Seng (+-0.2%) initially remained dampened on continued deleveraging and regulatory concerns before paring losses into the latter stages of trade. Notably, China’s PPT emerged again with Chinese stock markets rallied in late trade, with the CSI 300 Index of mainly large-cap stocks paring a drop of as much as 1.3% to close 0.1% lower. The Shanghai Composite Index rose 0.1%, swinging up from a 0.8% loss, with property and materials companies among the biggest gainers on the mainland. The Shanghai Stock Exchange Property Index surged 3.8%, the most since August 2016. The Shenzhen Composite Index was little changed, after a 1.2% decline, while the ChiNext gauge retreated 0.4%, paring a 1.5% loss. In Hong Kong, the Hang Seng Index was little changed as of 3 p.m. local time, while the Hang Seng China Enterprises Index fell 0.3%Stocks in Europe gained, following equities from the U. S. to Asia higher as optimism over U. S. tax reform and euro-area economic growth overshadowed concerns about North Korea’s latest missile launch. The Stoxx 600 gained 0.8%, reaching a one-week high and testing its 50-DMA. Germany’s DAX, France’s CAC, Milan and Madrid were all up between 0.5 and 0.7% and MSCI’s all-country world index was at yet another record peak after all four major Wall Street indexes notched up new highs on Tuesday. ‘It seems to me markets are still trading on the theory that the glass is half full,’ said fund manager Hermes’ chief economist Neil Williams.

    This post was published at Zero Hedge on Nov 29, 2017.


  • 18/11/17: North Korean Uncertainty and Market Impacts

    S&P new post about the risks poised by North Korea is a neat summary of key actions and players involved (see the full note: And it is very interesting to those of us, who study the links between geopolitical risks and financial markets.
    Two pieces of evidence are presented in the S&P note worth pondering: first, the rising frequency of the North Korea threat signals:

    The above shows that starting with 2016, acceleration in the North Korea threat signals has been posing a departure from the previous trend. Structurally, this suggests that we are entering a new regime in terms of potential market spillovers from North Korean risks to global financial markets.

    This post was published at True Economics on Saturday, November 18, 2017.


  • Mueller Subpoena Spooks Dollar, Sends European Stocks, US Futures Lower

    Yesterday’s torrid, broad-based rally looked set to continue overnight until early in the Japanese session, when the USD tumbled and dragged down with it the USDJPY, Nikkei, and US futures following a WSJ report that Robert Mueller had issued a subpoena to more than a dozen top Trump administration officials in mid October.
    And as traders sit at their desks on Friday, U. S. index futures point to a lower open as European stocks fall, struggling to follow Asian equities higher as the euro strengthened at the end of a tumultuous week. Chinese stocks dropped while Indian shares and the rupee gain on Moody’s upgrade. The MSCI world equity index was up 0.1% on the day, but was heading for a 0.1% fall on the week. The dollar declined against most major peers, while Treasury yields dropped and oil rose.
    Europe’s Stoxx 600 Index fluctuated before turning lower as much as 0.3% in brisk volumes, dropping towards the 200-DMA, although about 1% above Wednesday’s intraday low; weakness was observed in retail, mining, utilities sectors. In the past two weeks, the basic resources sector index is down 6%, oil & gas down 5.8%, autos down 4.9%, retail down 3.4%; while real estate is the only sector in green, up 0.1%. The Stoxx 600 is on track to record a weekly loss of 1.3%, adding to last week’s sell-off amid sharp rebound in euro, global equity pullback. The Euro climbed for the first time in three days after ECB President Mario Draghi said he was optimistic for wage growth in the region, although stressed the need for patience, speaking in Frankfurt. European bonds were mixed. The pound pared some of its earlier gains after comments from Brexit Secretary David Davis signaling a continued stand-off in negotiations with the European Union.
    In Asia, the Nikkei 225 took its time to catch up to the WSJ report that US Special Counsel Mueller has issued a Subpoena for Russia-related documents from Trump campaign officials, although reports pointing to North Korea conducting ‘aggressive’ work on the construction of a ballistic missile submarine helped the selloff. The Japanese blue-chip index rose as much as 1.8% in early dealing, but the broad-based dollar retreat led to the index unwinding the bulk of its gains; the index finished the session up 0.2% as the yen jumped to the strongest in four-weeks. Australia’s ASX 200 added 0.2% with IT, healthcare and telecoms leading the way, as utilities lagged. Mainland Chinese stocks fell, with the Shanghai Comp down circa 0.5% as the PBoC’s reversel in liquidity injections (overnight net drain of 10bn yuan) did little to boost risk appetite, as Kweichou Moutai (viewed as a bellwether among Chinese blue chips) fell sharply. This left the index facing its biggest weekly loss in 3 months, while the Hang Seng rallied with IT leading the way higher. Indian stocks and the currency advanced after Moody’s Investors Service raised the nation’s credit rating.

    This post was published at Zero Hedge on Nov 17, 2017.


  • Thompson Reuters GFMS Outlook: Gold Above $1,400 in 2018

    Analysts at Thomson Reuters expect the price of gold to push back over $1,300 and then continue to rise above $1,400 through next year, primarily driven by overvalued stock markets, according to the GFMS Gold Survey 2017 Q3 Update and Outlook.
    Gold briefly broke through the key $1,300 level in late August. Safe-haven buying served as a key driver, as heated rhetoric between the US and North Korea was at a peak late last summer. But gold fell back below $1,300 and has traded within a tight range over the last few weeks as investors mull future Federal Reserve moves and the impact of GOP tax reform – if Congress can get it done. Lackluster investment demand in the West, particularly North America, has also led to a supply surplus.
    Thompson Reuters analysts say the initial push above $1,300 was an overextension of the price at the time, and they call the drop back below that level ‘a healthy correction for the price that has formed a base for a more sustainable move above $1,300 later this year.’

    This post was published at Schiffgold on NOVEMBER 16, 2017.


  • Watch Live: Trump Makes “Major Statement”

    Two days ago, President Trump tweeted that he would make a “major statement” upon his return from Asia. That time has come. Today at 3:30pmET, President Trump will let us all know… Is it war with North Korea? Rejoining TPP? Denouncing Roy Moore? Declaring victory over tax reform and healthcare repeal? Celebrating his relationship with China? Banning NYT and CNN? Admitting he really did collude with Putin?
    Of course, there’s a lot happening in Washington right now, and Trump’s hinted-at announcement could be in reference to one of any number of issues. Will he deliver an update on the administration’s position regarding tax reform as two bills that differ in dramatic fashion wend through Congress? Perhaps some type of security announcement? Or the revelation that the US has finally entered into talks with North Korea after Trump adopted a notably softer tone toward his favorite Asian antagonist over the weekend?


    This post was published at Zero Hedge on Nov 15, 2017.


  • Russia’s Alleged Meddling In Catalan Vote: Playing The Blame Game

    Marine Corps veteran Tommy Waller, director of special projects at the Center for Security Policy, has warned President Trump about the EMP threat facing the United States.
    “Winston Churchill once said, ‘History will be kind to me for I intend to write it’…
    The surest way for history to be kind to President Trump is for him to write it, by being the first leader to truly address the existential threat of EMP.
    The first and foremost thing he must write is an Executive Order establishing his own EMP Commission in the White House – a task force that draws from the experience of the previous EMP Commission.”
    The grim warning is directed at North Korea and their ambitions to unleash a devastating atmospheric nuclear explosion above the United States that would collapse the nation’s power grid.

    This post was published at Zero Hedge on Nov 15, 2017.


  • The White House Is Being Warned: North Korea Is Planning A “Devatstaing EMP Attack” On America

    Marine Corps veteran Tommy Waller, director of special projects at the Center for Security Policy, has warned President Trump about the EMP threat facing the United States.
    “Winston Churchill once said, ‘History will be kind to me for I intend to write it’…
    The surest way for history to be kind to President Trump is for him to write it, by being the first leader to truly address the existential threat of EMP.
    The first and foremost thing he must write is an Executive Order establishing his own EMP Commission in the White House – a task force that draws from the experience of the previous EMP Commission.”
    The grim warning is directed at North Korea and their ambitions to unleash a devastating atmospheric nuclear explosion above the United States that would collapse the nation’s power grid.

    This post was published at Zero Hedge on Nov 15, 2017.


  • ‘America First!’ AWOL From Beijing, War With North Korea Looms

    There’s no indication that President Donald Trump’s summit with China’s Xi Jinping achieved any breakthrough on North Korea. But why didn’t it? After all, Trump said that China could ‘fix’ the North Korea problem ‘easily and quickly’ and it was just a matter of Xi’s making up his mind to do so.
    ***
    No less divorced from reality was Trump’s half-hearted pitch on the US trade imbalance with China. The problem, he said, was not the Chinese – whom he complimented on their cleverness in exploiting our stupidity – but on the flaccid policies of prior American administrations. Quite true! But what will he do differently? Not much it seems, except maybe give a big tax cut with no strings attached to fat corporations that are thrilled to keep moving their operations overseas. Global market ber alles! And here we all thought Hillary Clinton lost the election . . .

    This post was published at Zero Hedge on Nov 13, 2017.


  • North Korean Propaganda On Trump: ‘Garbage That Reeks Of Gunpowder To Ignite War’

    After North Koreans heard from their state-run media (propaganda) that Donald Trump had said some harsh things about life in the isolated nation, they fired back. And many believe Trump will ‘ignite a war’ between the United States and their own country.
    In a speech on Wednesday, President Trump called the isolated communist country ‘a hell that no person deserves.’
    But the rebuttal from North Koreans was equally harsh. One woman, who CNN spoke to on the streets of Pyongyang called Trump’s assertion ‘foolish,’ ‘absurd,’ and another word CNN claims they cannot print. ‘The reality here is very different. We’re leading a happy life,’ Ri Yong Hui, a housewife in Pyongyang, told CNN.
    North Korean state media reported that Trump had spoken on Thursday, but did not include concrete details of his speech, in which the President slammed Pyongyang’s human rights abuses.

    This post was published at shtfplan on November 9th, 2017.


  • Bank Stocks, Dollar Slide Hit By Fresh Tax Reform Doubts

    U. S. equity futures are little changed as European and Asian shares retreated, led by sliding bank stocks and a drop in the dollar as doubts over republican tax cuts and ongoing bond curve flattening hurt sentiment and prompted fresh questions over the viability of the US expansion.
    Investor concerns also returned to geopolitics as Trump continued his tour of Asia with a mission of rallying the world to stand up to the North Korean threat. Calling out by name Russia and China, he said Wednesday that all responsible nations must join forces to deny Kim Jong Un’s regime any form of support. As Bloomberg reports, Trump is also expected to discuss trade with his Chinese counterpart, Xi Jinping. But the biggest overnight catalyst was a renewed fear about the fate of GOP tax cuts, as fresh doubts emerged about tax reform progress after the Washington Post reported Senate Republican leaders were considering holding cuts back by a year, while they are also said to be considering repealing deductions for state and local taxes.
    Derek Halpenny, head of research at Mitsubishi UFJ in London told Reuters he was dubious over the progress of the tax cuts program being urged by U. S. President Donald Trump’s campaign. ‘The initial phases of discussions within the House (of Representatives) have brought up a lot of divisions and problems … If the story is true that they’re considering a delay of one year to the corporate tax cut, those big differences will need to be sorted,’ he said. Francois Savary, chief investment officer at Prime Partners, said the doubts over the tax issue reinforce the case for some consolidation in the market, which has been fully priced for good news. ‘It’s something that would impact the domestic stocks in the U. S. and would be a setback for the market in general (and) it’s more than stock specific as people would reassess earnings growth expectations to the downside,’ he said.

    This post was published at Zero Hedge on Nov 8, 2017.


  • Stock and Awe, Bears in Bondage

    The Trump Rally pushed ahead relentlessly through a summer full of high omens and great disasters, all which it swatted off like flies. Even so, all was not perfect in the market as nerves began to jitter midsummer beneath the surface even among the most longtime bulls. Wall Street’s fear gauge (the CBOE Volatility Index) lifted its needle off its lower post to a nine-month high after President Trump’s comments about ‘fire and fury’ if North Korea didn’t toe the line. (Mind you, the high wasn’t very far off the post because of how placid the previous nine months had been.)
    As volatility stirred languidly over the threat of nuclear war, stock prices took a little spill with all major stock indices seeing their biggest one-day drop since May. The SPX fall amounted to a 1.4% drop in a day – nothing damaging. The Dow dropped about 1% in a day. But beneath the surface, the market is looking different and shakier.
    For example, trading narrowed to fewer players as more stocks in the Nasdaq 100 finally moved below their fifty-two week lows than moved above them. Likewise in the S&P. This phenomenon is known as the ‘Hindenburg omen,’ and tends to precede major crashes.

    This post was published at GoldSeek on 7 November 2017.


  • Asian Metals Market Update: November-7-2017

    Higher crude oil prices are supporting gold and silver. Gold and silver have always flourished in an inflationary environment. Focus will shift to inflation. If crude oil prices continue to rise then one should use sharp dips to invest for the short term. I see a direct correlation between gold prices and crude oil prices. Trump’s South Korea visit and China visit will be closely watched. Ways to deal with North Korean nukes will affect gold and silver prices.
    Rising crude oil prices can change the balance sheet of emerging markets like India. Governments will be caught between the choice of fiscal management and inflation management. Most of the emerging markets have enough reserves to withstand an energy shock. I see emerging market currency weakness, if Nymex crude oil continues to rise to $80 and consolidates at $80. Under the current scenario crude oil looks headed for $100 in the next twelve months as long as it trades over $46. Emerging market stock markets will form a medium term top and could move into a bearish phase if crude oil prices rise and consolidate around $80. As long as crude oil prices do not break $80, emerging markets are in a safe zone.
    Historically crude oil prices have always zoomed under republicans. The current rise in crude oil price is an early signal of history repeating itself.
    COMEX GOLD DECEMBER 2017 – current price $1280.10
    Bullish over $1275.50 with $1291.40 and $1296.30 as price target.
    Bearish below $1270.40 with $1264.60 and $1257.30 as price target.

    This post was published at GoldSeek on 7 November 2017.


  • Scientists Look For A Cure For Politically Undesirable Behavior

    Via GEFIRA,
    The ‘Free World’ has taken on where the Soviet scientists and psychiatrists left off.
    German and American scientists of renowned Universities in Bonn and Lbeck do research on treatment for politically undesirable behaviour like their Soviet colleagues from the infamous Serbsky Central Research Institute in Moscow. In the Soviet Union people who protested the system had to undergo psychiatric treatment.
    Vladimir Bukovsky, a world-known dissident survived one and described it. The same will be the fate of the so called Free World’s citizens if they fail to conform to the idea of a multi-cultural society. The powers that be have given a signal, and obliging, complaisant scientists are already busy working on bettering our collective and individual psyche. Apart from homophobia and Islamophobia, xenophobia is another psychiatric condition that needs to undergo therapy…hormonal therapy.
    Throughout history, the world has been torn by two opposing factors that face each other with daggers drawn. These are natural biological, and unnatural forces, or reality and dystopia. It is natural for a human being to want to possess things and work as little as possible; to counter it, dystopian socialists, communists or Christian heretics came up with an idea of a society governed by the principle: From each according to his ability, to each according to his needs.
    It was supposed to work. And it failed miserably everywhere it was installed and implemented, from Cuba to East Germany, to the Soviet Union, to North Korea.

    This post was published at Zero Hedge on Nov 3, 2017.


  • Frontrunning: November 3

    House GOP Readies for Tax-Bill Battle (WSJ) GOP’s United Front on Tax Cuts Masks Divisions (BBG) Republican tax plan a blow to Democratic states, officials say (Reuters) As Trump Embarks on Asia Tour, North Korea Looms Large (WSJ) Apple Store Lines Return as iPhone X Debuts (WSJ) There’s Some Good News About 401(k)s in the Tax Bill (BBG) iPhone Xs Are Already Being Resold in Hong Kong (BBG) CNN to Launch Subscriptions for Digital News (WSJ) Mr. Ordinary: Who Is Jerome Powell, Trump’s Fed Pick? (WSJ) U. S. bomber drills aggravate North Korea ahead of Trump’s Asia visit (Reuters) Bitcoin Is the ‘Very Definition’ of a Bubble, Credit Suisse CEO Says (BBG) Goldman Retreats From Options as Stock Derivatives Trading Struggles (WSJ) Here’s a Juicy Tax Break. Now, How to Keep Everybody From Claiming It? (BBG) Dark Side at Fidelity: Women Describe a Culture of Revenge (BBG) Get Ready for an Appalachian Gas Bonanza (BBG) PDVSA Bonds Slump After Venezuela Calls for Restructuring: Chart (BBG) Drug Deaths Rose More Last Year Than in the Previous Four Combined (BBG) Overnight Media Digest
    WSJ
    – Two U. S. B-1B bombers flew near North Korea on Thursday, alongside Japanese and South Korean jet fighters, provoking anger from Pyongyang ahead of President Donald Trump’s closely watched trip to Asia. on.wsj.com/2gZ02qP
    – The Justice Department is laying the groundwork for a potential lawsuit challenging AT&T Inc’s planned acquisition of Time Warner Inc if the government and companies can’t agree on a settlement, according to people familiar with the matter. on.wsj.com/2ipyGuh
    – T-Mobile US Inc and Sprint Corp are working to salvage their potential blockbuster merger, people familiar with the matter said, days after Sprint Chairman Masayoshi Son appeared to call off the talks. on.wsj.com/2gZNq2Q

    This post was published at Zero Hedge on Nov 3, 2017.


  • Trump Departs For Longest Asian Tour Since Bush Vomited On Japan’s PM

    President Donald Trump is leaving his administration’s push to pass comprehensive tax reform before year’s end in the hands of his trusted deputies while he embarks this morning on a 10-day tour to Asia, where he’s expected to discuss, among other topics, the security threat that North Korea poses to both the region and to the world more broadly.
    As Reuters points out, it will be the longest Asia tour by a US president since George H. W. Bush vomited on Japan’s then-prime minister, Kiichi Miyazawa, during a trip to Asia in 1992 just weeks before the New Hampshire primary. While Trump, whoso gastro digestive system is in far better shape, will likely not suffer the same embarrassment, the possibility of a diplomatic fiasco is high for obvious reasons. Meanwhile, tensions run high: to underscore the seriousness of the biggest problem at hand, two US strategic bombers carried out military drills over South Korea Thursday, the U. S. Air Force said, raising tensions with North Korea, which accused the US of carrying out simulated bombing drills near its territory. In a move that is sure to further trigger the Kim regime just as Trump touches down in the region, the US has sent three aircraft carriers to participate in unprecedented 3-way drills off the Korean penninsula. Thursday’s drills were first reported by North Korean state news agency KCNA on Friday, which described the exercises involving South Korean and Japanese fighter jets were a ‘surprise nuclear strike drill,” Reuters reported.

    This post was published at Zero Hedge on Nov 3, 2017.


  • “It’s Been Dismal” – Gold Coin Sales Slump As ‘Bugs’ Bounce To Bitcoin

    Gold prices are rallying, but retail gold dealers and shops are struggling to survive.
    As The Wall Street Journal reports, businesses that sell gold coins and other products made from the precious metal usually thrive during years like 2017.
    Gold futures have gained more than 10%, boosted by a weaker dollar and by big investors looking for a haven during recent geopolitical tensions surrounding North Korea and Iran.
    But despite higher bullion prices and solid demand from not-American-central banks, American Eagle Coin sales by the US Mint in October 2017 are down 87% YoY for gold and down 73% YoY for silver…

    This post was published at Zero Hedge on Nov 1, 2017.