Stocks: This Is A Bear Market

It looks like the period of relative calm in the markets is over and the next leg down has begun. 

This is a bear market, the upward move was the correction. It was the first correction in this young bear market that technically is not a bear market yet because we're not down 20 percent but that's only a matter of time before people call the bear market what it is.

Global Debt Has Reached Record Levels

Global debt has reached record levels. According to a recent International Monetary Fund (IMF) report, the world has amassed $164 trillion of debt. Three countries account for half of the total global debt – the US, China and Japan.

Petroyuan Clould Be The Death Blow For The U.S. Dollar

As an article at the Gold Telegraph starkly put it, “the rise of the petroyuan could be the death blow for the U.S. Dollar.”

Podcast: The Calm Before The Storm

Peter Schiff discusses the state of the economy and his market outlook on his most recent podcast.

Gold: Ever Tightening Supply

During the Squawk Box interview, US Global Investors CEO Frank Holmes noted that the massive money-printing around the world has made gold an important part of an investment portfolio. Holmes also mentioned the ever tightening gold supply.

Related trading instruments: 

• SPDR Gold Trust ETF (GLD)
• Market Vectors Gold Miners ETF (GDX)

Stock Market: Short-Term Pain

Even President Trump came out today and he said the stock market might be in for some short-term pain right but he says it's worth it because we're going to get a long-term gain and of course he's referring to his tariffs or a trade war that we're gonna win this trade war and that's going to deliver the long-term gain. It ain't! We're gonna have short-term pain and then the pain is gonna get worse in the long run.