Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
A long-term gold valuation model, which assumes gold will account for the majority of international reserves, suggests the gold price to exceed $8,000 in the coming decade.
Mar 24, 2023 - 13:12:07 PDT
Gold and silver prices rallied Thursday, scoring settlement highs that reached more than a year for gold and to seven weeks for silver. Up for a third time this week, gold for April delivery tacked on $46.30, or 2.4%, to close at $1,995.90 an ounce on the Comex division of the New York Mercantile Exchange.
"It's Getting Real": Unease Over Banking Sector Turmoil Spurs Huge Demand For Physical Precious MetalsMar 24, 2023 - 13:10:29 PDT
Once regarded as a “barbarous relic” by the Wall Street financial sector, gold and silver are now in heavy demand to hedge against inflation and financial risk.
So far, the commodity market’s reaction has gone down different routes with precious metals rallying as they benefitted from collapsing yields and safe-haven demand.
Mar 24, 2023 - 12:59:04 PDT
Booth also provides her economic outlook, and suggests that investors can "be bold" in allocating more than 10% of their portfolio to gold, which she forecasts will rise in the midst of ongoing financial stress.
Banking stocks fell again on Friday, with shares in German giant Deutsche Bank knocked by worries that regulators and central banks have not yet contained the worst shock to the sector since the 2008 global financial crisis.
Mar 24, 2023 - 12:25:44 PDT
Property owners were already under pressure from rising rates and empty office space. The last thing they needed was a banking crisis.
Bond traders abandoned wagers that the Federal Reserve will raise interest rates in May and added to bets that its next shift will be a rate cut as early as June as the US approaches a recession.
Goodness knows why it took soo long, but deposits are finally flowing into money market funds en masse, as the following chart from the always-interesting Andreas Steno Larsen highlights.
Along those same lines, the following chart from Bank of America via Isabelnet, shows the increasing expectation among fund managers that the yield curve will steepen from here on out.
Controlling money is a way to make sure you control the human beings using your money.
Market commentators tend to focus on Bulls and Bears and Federal Reserve policies as drivers of stock market gyrations, but there's a far more profound dynamic working beneath these veneers: the forces of adaptation and evolution transforming the economy and society as conditions change.
Mar 24, 2023 - 11:25:14 PDT
I created the above chart in Excel by creating a weighted average of CME FedWatch interest rates expectations on those select dates.
Gold prices were on track to end a volatile week higher on Friday as bank contagion fears bolstered both safe-haven demand and bets on a pause in Federal Reserve rate hikes, adding to the appeal of zero-yield bullion.
Mar 24, 2023 - 11:22:28 PDT
Shares in Deutsche Bank, Germany's largest lender, have fallen sharply and dragged down major European banks as fears about the global financial system send fresh shudders through the market.
The question is whether this return of QE will continue or whether it is a one-off. The Fed meets next week so we can expect lots of volatility as the markets grapple with this potential U-turn in policy.
Mar 24, 2023 - 08:43:32 PDT
So the choice for central bankers throughout the developed world is either to allow free markets to operate, or to embrace socialism. It’s a choice between a sudden-onset collapse and an unmanageable crisis, or “printing” all the currency needed to paper over the gaping financial holes in the system and having a amore gradual and more manageable unravelling. I think no central bank in the world will opt for the free market capitalism at this point.
The senior senator of Utah is in the van of burgeoning Congressional scrutiny of the Fed itself as the root of today’s economic crises.
This system of crisis-prone, hyper-financialized capitalism seems ever more like a junkie. If it doesn’t get its regular fix of public sector help, it will simply collapse and die.
Mar 24, 2023 - 08:12:18 PDT
It has been a wild few days for banks. The collapse of Silicon Valley Bank happened this month, but it feels like years ago. It was only on Sunday that the regulator-brokered deal between UBS and Credit Suisse was signed. Since then, stock prices have swung all over the place. We’ve seen interest-rate increases, fears about contagion, and mixed messages about what other help banks might get.