Archives for November 2018

November 2018 - Page 7 of 16 - Money Morning - Only the News You Can Profit From

The Price of Gold Just Hit a Major Turning Point

Just when it looked like the price of gold was going to retest its lows of October and maybe even September, the metal put on a bold rally.

After marking an intraday low of $1,196 on Tuesday, Nov. 13, gold prices took one more day to consolidate near those lows.

Since then, the price of gold has rallied and so far maintained a healthier level near $1,220. The run happened as stocks continue to struggle while the dollar retreats.

Meanwhile, historic extreme positions were recently set by both gold speculators and gold hedgers alike. And these tend to mark big turning points.

The "Warfare State" Has Consumed the Middle Class

The United States spends roughly $800 billion a year on defense; the People's Republic of China, about $146 billion. The Russian Federation lays out around $55 billion, annualized, while the Islamic Republic of Iran's military spend annualizes at $15 billion – not accounting for the crippling 13%-plus inflation it's experiencing.

Finding reliable figures for military expenditures of Syria, Yemen, Afghanistan, or the tattered remnants of al-Qaeda and ISIS would be a waste of time.

It's enough to say that not a single one of these state and non-state actors can reasonably be expected to show up on our shores, "D-Day style," at any point in the near future. And if you expect any of these adversaries might come ashore, cannons blazing, in Cleveland, or San Francisco, or Austin, or Bismarck, N.D., then I respectfully submit you may be watching a little too much cable news.

And in the slightly more likely event that one of these foes were to, say, set off a dirty bomb in any of these places, it's doubtful an extra aircraft carrier would prevent it.

And yet, if the manifestly stupid, hopelessly censored mainstream media – run by just five conglomerates – were to be believed, hordes of jihadist enemies are closing in from all sides, moments away from striking.

Then again, this pale shadow of a legitimate Fourth Estate has also – just as dangerously – confused an East Coast stock bubble for real, widespread prosperity and strength.

No, folks, the real danger to American security and prosperity - what's left of it, at least - is safely ensconced, thriving in its ultimate evil, right here...

Alibaba Stock Just Got a $30 Billion Buy Signal - Here's How to Find the Next Winner

Last Sunday (Nov. 11), Chinese retail juggernaut Alibaba Group Ltd. (NYSE: BABA) held its tenth annual Singles Day sale, a 24-hour sale commemorating China's Singles Day holiday.

While Alibaba's previous Singles Day sales are legendary for their staggering profit, this year's sale blew past records out of the water.

In just 24 hours, Alibaba raked in $30.3 billion in sales - a 27% rise over last year's total of $25.3 billion.