Precious metals are apparently waking up. And here is where you can find the best deals.
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May 25, 2021 - 10:28:08 PDT
As I observed earlier today, US home prices are skyrocketing due, in part, to the massively loose monetary policy. But if the housing market is on fire, why is The Federal Reserve continuing to support the mortgage market through Agency MBS purchases?
Here Comes The Hangover: Soaring Prices Result In Record Crash In Home, Appliance Buying PlansMay 25, 2021 - 10:25:21 PDT
One thing is certain: six months from today, the US economy will be far, far uglier.
Gold has been on a bullish trend since March 2021. It has currently broken the $1,890 trading level, a level the commodity has not traded since January 2021. It has reached a new peak of $1,895.89 today, which represents a 12.85% increase from March’s bottom of $1,680. Gold is currently trading $1,891.48 at the time of writing this report.
The US$ had remained inside of bullish rising channel for nearly a decade, as it created higher lows and higher highs. Things changed last year as it slipped below rising channel support.
For the past decade the 89 level, which comes into play at line (1) has been support and resistance.
Public Debt Got a Lot Worse from the Great Recession to the Great LockdownMay 25, 2021 - 08:38:36 PDT
n this article, we will highlight the contrasts between this recession and the previous one (the Great Recession of 2007) to analyze the public-debt problem the world is facing. In a second article, we will analyze the economic dangers of excessive public debt.
This is the Fed’s money illusion. Disguising the true deflation of assets by inflating the money stock.
The index remains under pressure and challenges once again the 89.70 region. Looking at the broader scenario, the negative stance on the dollar seems to prevail among market participants, as speculation of higher inflation in the medium-term now looks to have lost momentum and the US economic outperformance narrative looks almost fully priced in.
Guggenheim’s Scott Minerd Sees a Stock Market Correction Ahead, Big Gold RallyMay 25, 2021 - 07:43:51 PDT
The firm's global chief investment officer also remains bullish on gold and silver as investors search for assets to protect against inflation.
So where have all the millions that have flowed out of crypto funds gone to? Would you be surprised to hear gold?
The Conference Board's Consumer Confidence index disappointedly slipped lower in May from a revised lower 117.5 to 117.2 (well below the 118.8 exp), still well below the pre-COVID levels of exuberance.
Expansionary monetary and fiscal policies have gone into overdrive all over the world since the beginning of the pandemic. This raises the obvious question of how long they can last before another crash follows.
A standing repo facility would potentially prevent the meltdowns of September 2019 and March 2020. At the highest level, it looks as if the Federal Reserve hasn’t done much of anything for several months. Interest rates remained pinned near zero. Officials insist that any moves higher in inflation are transitory. Asset purchases continue unabated.
...or whether there we are seeing late bull market speculative activity/desperate yield-seeking cross over into housing.
Thanks to a massive downward revision for March - from that 20.7% to just 7.4% - April new home sales plunged 5.9% MoM (from that revised print).
May 25, 2021 - 07:08:04 PDT
Like other assets in the wild west economy of loose monetary policy and FOMO (fear of missing out), home prices continue to skyrocket. The Case-Shiller US National Home Price Index is up 13.2% year…
Despite a spike in COVID cases and rising prices that dampened retail demand for gold in India, imports in April came in above the 10-year monthly average indicating a continued recovery in the Indian gold market.India imported 110 tons of gold in April. That's 71% above the 10-year monthly average and compares with just .o5 ton in April 2020.
In many ways, it appears the economy is beginning to recover from the shocks of the coronavirus pandemic. GDP growth is way up. The stock market is soaring. A lot of people are optimistic. But during an appearance on the Ben Shapiro Show, Peter Schiff said this isn't a real recovery, and he explains how all of the government "help" is actually wrecking the economy, distorting the job market and destroying the dollar.The economy is actually sicker now than it was before COVID. And what's really been hurting it was not the disease but the government's cure."
A number of financial analysts have drawn parallels between the trends in the crypto and gold markets, with JPMorgan experts suggesting last week that large institutional investors were dumping Bitcoin (BTC) in favor of gold.
Having already waited for too long, the Fed faces a tricky policy pivot — especially as it is now hostage to a “new monetary framework” that is ill-suited for the pandemic-related structural changes to the economy.
May 25, 2021 - 05:26:21 PDT
Billionaire US fund manager Stanley Druckenmiller delivered an apocalyptic warning earlier this month that the dollar could cease to be the predominant global reserve currency within 15 years. “I can’t find any period in history where monetary and fiscal policy were this out of step with the economic circumstances,” the chief executive of Duquesne Family Office declared.