Gold Plunges Below “Crucial Level”, Lowest Since Oct 2009 On $2 Billion Notional Flush
Zero Hedge | Someone decided that Friday after Thanksgiving would be the perfect time to dump over 18,000 contracts.
Tag: Money Watch
Caught On Tape: China Builds A Bridge In Just 43 Hours
Zero Hedge | When you have a billion people willing to work instead of expecting free “stuff”, anything’s possible…
Collapse of ‘comatose’ Schengen will wreck euro, admits Jean-Claude Juncker
London Telegraph | Jean-Claude Juncker issues bleakest assessment yet of state of Schengen free-travel zone.
Puerto Rico Is About To Default: Your Complete Guide To An Island Debt Debacle
Zero Hedge | Make no mistake, federal intervention is likely to be anything but “swift.”
The Gold Vaults Are Running Low, Here’s What Happens They Run Out
The Daily Sheeple | Someday in the near future, the process of buying a precious metal asset is going to look very different than it does today.
Census Bureau: 21.6% of U.S. Children—15,931,000–on Food Stamps in 2014
CNS News | The number and percentage of children in households on food stamps held relatively steady from 2013 to 2014, according to the Census surveys.
Global debt defaults near milestone
Financial Times | Global debt markets are on the cusp of an unwelcome development.
Will Oil Prices Really Double in 2016?
Sputnik | High uncertainty in future oil prices has suggested that over the course 2016, oil prices could as much as double, or halve.
“How Is This Possible” Deutsche Bank Asks, Looking At The Canary In The Junk Bond Mine
Zero Hedge | Expect mass confusion to be the norm for a long, long time.
Goldman Sachs and OPEC: Oil prices could crater to around $20 per barrel in 2016
Reuters | The oversupply in the oil market is absolutely killing prices and it’s only set to get worse in 2016.
The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse
Michael Snyder | The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America.
Oil May Plunge to $20, Signalling Economic Disaster: “The Numbers Are Dreadful And Unprecedented”
Mac Slavo | The price of oil has long been a key indicator of economic health and stability. And that index is tanking fast.
Is This How the Next Global Financial Meltdown Will Unfold?
Charles Hugh Smith | Currencies are in the midst of multi-year revaluations that will destabilize the tottering towers of debt.
The Most Important Question About ISIS That Nobody Is Asking
Zero Hedge | “You have to go after the oil, and you have to do it in a serious way, and we’ve just begun to do that now,”
The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low
Michael Snyder | I was absolutely stunned to learn that the Baltic Dry Shipping Index had plummeted to a new all-time record low of 504 at one point on Thursday.