Precious metals are apparently waking up. And here is where you can find the best deals.
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Oil prices remained stable on Friday but were headed for a weekly decline as investors balanced expectations of increased output from Libya and OPEC+ against China's new economic stimulus measures. Brent crude and WTI futures showed slight gains, but both benchmarks were on track for significant weekly losses. The market's focus has been on Libya's potential supply increase following a resolution of internal disputes, OPEC+'s planned production boost, and China's efforts to stimulate its economy through interest rate cuts and liquidity injections.
Join Alan Hibbard as he reacts to Nolan Matias’s thought-provoking video, “Why You Shouldn’t Buy Gold and Silver.”
Gold prices have surged to record highs in 2024, outpacing the S&P 500's gains. This rally is driven by central bank demand, geopolitical tensions, and expectations of interest rate cuts. The Federal Reserve's recent rate reduction and China's economic stimulus measures have further boosted gold's appeal. While some view this as a sign of economic uncertainty, others see it as an opportunity for continued growth in the precious metals market.
China's recent economic stimulus package, the largest since the pandemic, has sent ripples through global markets. The measures, primarily monetary in nature, include interest rate cuts, reduced reserve requirements for banks, and support for the stock market. While these actions have boosted Chinese stocks and commodities, their long-term effectiveness remains uncertain. The stimulus aims to revive China's struggling economy, particularly its real estate sector, but experts caution that more comprehensive fiscal measures may be needed for sustained growth.
GLOBAL OIL ENERGY CLIFF MEET THE MASSIVE NATURAL DECLINE RATE: ExxonMobil Reports Stunning Global Oil & Gas Natural De...September 26, 2024
The global oil and gas industry is in much worse shape than I initially thought. My estimated natural decline rate of global oil production turns out to be much lower than ExxonMobil's new forecasts in its 2050 Energy Insights Report...
Fed's Bold Rate Cut Sparks Market Rally, Fuels Speculation of Further EasingSep 25, 2024 - 14:18:29 EDT
Following the Federal Reserve's larger-than-expected 50 basis point rate cut, financial markets have responded positively, with key stock indices hitting new highs. Economists are now considering the likelihood of another significant rate reduction, driven by worries about persistent labor market softness. The potential for continued job market cooling could prompt the Fed to opt for another aggressive cut, despite initial expectations of more gradual reductions throughout the year.
Mortgage applications have reached a two-year high, with a significant surge in refinancing activity. In the week ending September 20, overall applications rose 11% week-over-week, while refinancing applications jumped 20%. This increase is attributed to falling mortgage rates, with the average 30-year fixed rate dropping to 6.09%. The trend marks a revival in the mortgage market after a slow summer homebuying season, with refinancing applications now 175% higher than a year ago.
U.S. companies are taking proactive measures to mitigate the impact of a potential port strike on the East and Gulf Coasts set for October 1. Businesses are importing goods early, redirecting shipments to West Coast ports, and even using air freight to avoid disruptions. The strike, which could affect supply chains and inflation, comes at a critical time before the U.S. presidential election and alongside other labor actions that may impact the job market.
Gold Continues Testing New Highs as Further Fed Rate Cut Expectations GrowSep 25, 2024 - 13:33:27 EDT
Gold prices have reached new heights as weak US economic data strengthens the case for deeper interest rate cuts by the Federal Reserve. This surge is supported by increased central bank purchases, geopolitical tensions, and the upcoming US presidential election, while silver prices have also risen significantly due to its dual role as a precious metal and industrial commodity.
The gold market is experiencing a remarkable surge, with prices hitting an all-time high of $2,630 an ounce and a 27% gain since early 2024. This upward trend is likely to persist, driven by expected Fed rate cuts, escalating global conflicts, and robust demand from investors and central banks. Gold ETFs have seen consistent inflows for four months, pushing total holdings to almost 3,182 metric tons. UBS maintains a positive outlook on gold, projecting a target of $2,700/oz by mid-2025, and suggests various investment strategies to capitalize on this trend.
Gold prices are reaching new all-time highs, driven by relentless buying from central banks, particularly in China, and a notable increase in trading activity reported by Goldman Sachs traders. Hedge funds have become key indicators of central bank purchases, while ETF flows are turning positive alongside record gold imports from India and unprecedented demand in the US. The Federal Reserve's recent rate cut has further propelled gold's rise, as it was perceived as unnecessary given the current economic landscape.
The commercial real estate market is showing signs of recovery after a challenging period. Falling interest rates and clearer valuations are encouraging buyers to return, while lenders and property owners are more willing to offload distressed assets. Though transaction volumes remain low compared to previous years, there's growing optimism that 2025 will see increased activity, driven by a mix of forced sales and new investment opportunities. However, uncertainty persists, particularly in sectors like downtown offices affected by remote work trends.
Lebanon-Israel Tensions Reach Boiling Point with Deadliest Strikes in YearsSep 24, 2024 - 09:07:31 EDT
Israeli forces conducted extensive airstrikes across Lebanon, resulting in at least 492 deaths and over 1,600 injuries, according to Lebanese authorities. The Israeli military reported targeting approximately 1,600 Hezbollah positions. In response to the attacks, tens of thousands of Lebanese civilians fled their homes in the south, heading towards Beirut and other northern areas. This marks the deadliest day of conflict between Israel and Lebanon in decades, raising concerns about a potential escalation into a full-scale regional war.
"The FED is Terrified of a Stock Correction" - Mike Maloney & Chris MartensonSep 24, 2024 - 09:06:38 EDT
At the Limitless conference, Mike Maloney sits down with Chris Martenson to discuss the real state of the economy and the dangers ahead.
China's central bank has unveiled its most significant economic stimulus package since the Covid-19 pandemic, aiming to revitalize the country's struggling economy. The measures include reducing banks' reserve requirements, lowering key interest rates, and easing mortgage terms for homeowners. While these actions have boosted stock markets and the yuan, some analysts caution that additional fiscal support may be necessary to achieve the government's 5% growth target for 2024.
Sep 24, 2024 - 08:50:38 EDT
Gold hit an all-time high as investors responded to the US Federal Reserve's recent rate cut and anticipation of future reductions. The surge was further fueled by China's economic stimulus efforts and heightened geopolitical risks in the Middle East. Analysts expect the bullish trend to continue if upcoming economic data and Fed statements reinforce a dovish outlook.
Sep 24, 2024 - 08:49:41 EDT
Tuesday saw gold prices hit all-time highs during Asian trade, extending recent gains as markets remained optimistic about U.S. interest rate cuts. The rally was supported by the Federal Reserve's dovish stance and geopolitical tensions. Simultaneously, copper prices rose sharply in response to China's newly announced stimulus package, which raised expectations for increased demand from the world's top copper consumer.
THIS DECADE THE U.S. DEFICIT CRISIS WILL HIT: Protecting Wealth In Gold & Silver Before This Occurs Is A Wise StrategySeptember 24, 2024
When you start looking at the numbers and trends, this is the decade when the U.S. Government Deficit Crisis will hit a Brick Wall. Unfortunately, if the U.S. Government stopped running massive deficits, the U.S. Economy would head into a Free Fall...
Precious metals are attracting increased speculative interest due to geopolitical risks, potential Federal Reserve rate cuts, and anticipated festival demand in India. Oil prices have rebounded, with ICE Brent recovering above $75/bbl, driven by Middle East tensions and improving Chinese economic sentiment. Meanwhile, China's aluminium production has risen, while its gold imports have significantly decreased due to record prices.
David Tait, CEO of the World Gold Council, states that China's gold market has evolved from a follower to a leader and is poised to play an increasingly significant role globally. China has been the world's largest gold consumer for over a decade and the largest producer for 15 consecutive years, highlighting its crucial influence in shaping the future of the global gold industry.