https://www.youtube.com/watch?v=TjR8C5ge5LM California is under a terrifying communist dictatorship. I am very sorry for Conservatives that still live there. They deserve better. We all deserve better. h/t Dustin
by Simon Black [Editor’s note: While Simon is traveling today, other members of the Sovereign Man team penned today’s missive.] We’ve discussed this on and off for several years now. Civil asset forfeiture is a legal process that allows the government to seize assets and cash from citizens without any due process or judicial oversight. You don’t even … Read more
via DAVID SCUTT Iron ore prices have collapsed, logging the largest decline in years on Monday. And in the case of lower and higher grades, the largest plunge on record. According to Metal Bulletin, the spot price for benchmark 62% fines tumbled 8.4% to $64.25 a tonne, its largest one-day percentage drop since April 12 last … Read more
via Sally Bakewell Investors pulled cash from funds that invest in leveraged loans, while high-yield debt draws scrutiny from the Federal Reserve for losses it could inflict on investors in a downturn. Mutual and exchange-traded funds saw outflows of $1.32 billion in the week ended Nov. 28, the third-biggest exodus this year, according to data from Lipper. Their junk bond counterparts also … Read more
via Jill Mislinski, Let’s examine the numbers and study the relationship between margin debt and the market, using the S&P 500 as the surrogate for the latter. The first chart shows the two series in real terms — adjusted for inflation to today’s dollar using the Consumer Price Index as the deflator. At the 1997 start … Read more
by Dana Lyons Formerly lagging equal-weight indices are attempting a comeback — a development which would bolster the odds of a significant rally. This past summer, we began detecting signs of a thinning out of the U.S. equity rally, a trend which would eventually contribute to the recent market correction. One manifestation of that internal weakening … Read more
by Troy The S&P 500 is sitting right under its 200 day moving average right now. The stock market is demonstrating various late-cycle signs. These late-cycle signs are not immediately long term bearish, but it demonstrates that the long term winds will change in 2019. Let’s determine the stock market’s most probable direction by objectively … Read more
From Kitco: Heavy machinery and extreme heat are required to melt gold, but a group of scientists accidentally managed to melt gold at room temperature, making a new scientific breakthrough. All scientists know that gold’s melting point is 1,064.18 degrees Celsius, which is why an international group of scientists from Sweden and Finland was surprised when … Read more
by Michael Snyder We just got more evidence that our planet is becoming increasingly unstable. On Friday a magnitude 7.0 earthquake destroyed homes, ripped apart roads and destroyed infrastructure all throughout Anchorage, Alaska. According to the USGS, the earthquake hit at 8:29 AM and the epicenter was approximately 7 miles north of Anchorage. That quake was … Read more
With perfect timing as the new government embarks on restructuring Mexico’s oil industry. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Mexico’s embattled oil giant Pemex has almost tripled its estimate of the potential reserves offered by Ixachi, a recently discovered onshore oil field in Veracruz. The field, located to the south of the … Read more