Today John Embry told King World News that as we march closer to Armageddon, something is terribly wrong. The March To Armageddon John Embry:  “Eric, I would say that the disingenuous remarks coming from official sources are intensifying as we come closer to Armageddon… John Embry continues:  “I think Egon von Greyerz does a wonderful job on KWN describing the true reality... read more

The Federal Reserve is turning to reducing its balance sheet because it wants a positive yield curve, Janus Henderson's Bill Gross said. "The Fed is now off of raising short-term interest rates ... maybe not even in December." Don't expect the balance-sheet reduction to have much of an effect on the stock or bond market, he said. Interest rate hikes are now going to take a back seat as... read more

– The early going saw a split market from the perspective of the major indices, with the S&P and Dow higher while the Nasdaq was lower. The Dow was driven in part by Caterpillar winning at beat-the-number and the Nasdaq was weighed down by Google (and Seagate) losing at the same silly game. However, Google’s issues appear to be cost-oriented and thus its stumble was deemed to be compan... read more

There will be no equivocating, fence sitting or any kind of hedging or expression of doubt in what is written in this update. Let me be absolutely clear: - we are now at the threshold of a barnburner rally in the Precious Metals sector, and silver is set to scream higher driven by a massive short covering panic, because short positions in it have ballooned in recent weeks to levels way above wh... read more

Today the man who has become legendary for his predictions on QE, historic moves in currencies, warned King World News that we are now in the frightening endgame. Fear And Propaganda Egon von Greyerz:  “Stock investors are rejoicing about stock markets making new highs in many countries, totally oblivious of the risks or the reasons.  It seems that this is an unstoppable rally in a â€... read more

Gold investors will want to pay more attention to political turmoil in Washington D.C. as this could have more impact on the U.S. dollar and the yellow metal than the Federal Reserve’s interest rate decision. Analysts have noted that gold is preparing to end Friday at its highest level in three weeks, its second consecutive weekly gain driven by further U.S. dollar weakness. The U.S. Doll... read more

Whither central banking? This question has fallen by the wayside in the fever-pitch Renaissance drama that is Donald Trump’s Washington. Pundits and legislators are more captivated by swirling allegations of Russian collusion and White House infighting than by the relatively mundane domain of monetary policy. But that doesn’t mean we should overlook the first signs of what could be a m... read more

On the heels of the recent capitulation in the gold and silver markets,  the man who has been in the gold and silver business for over 44 years, and what he said about the panic selling that is now taking place was truly fascinating. Eric King:  “Bill, I know you’ve had many gold and silver sell orders taking place recently.  You’ve been watching these markets for decades. ... read more

Bond guru Bill Gross is warning about looming interest rate increases and the damage they can do to a debt-laden global economy. In his monthly investor outlook, the Janus Henderson Advisors fund manager said the course of global central banks toward tightening policy could be perilous for the economic recovery. Raising interest rates will increase the cost of short-term debt that corporatio... read more

Last week the Fed raised the white flag on further rate hikes. There won’t be any for the foreseeable future. No rate hikes are coming at the July, September or November Fed FOMC meetings. The earliest rate hike might be at the December 13, 2017 FOMC meeting, but even that has a less than 50% probability as of today. I’ll update those probabilities using my proprietary models in the wee... read more