Precious metals are apparently waking up. And here is where you can find the best deals.
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The U.S. is recording at least 215,400 new Covid-19 cases and at least 2,300 virus-related deaths each day, based on a seven-day average of JHU data.
After Fed Chairman Powell spoke live today, the precious metals prices jumped higher, especially silver. Silver was up more than 90 cents, reaching $25.50. Gold closed higher by nearly $12 to $1866. However, the REAL WINNER today was silver. Why? After silver broke out above a technical level...
According to precious metals expert Ted Butler, $1950 on gold is the line of demarcation. That’s when the Technical Funds jump in with two feet and start buying up every available ounce. The banks are short and underwater by at least $10 billion. They either have to deliver the metals or buy back the position.
The full-year 2020 was a wild year for gold. After a strong 2019, the gold price took a hit in March 2020 as global liquidity evaporated and real interest rates spiked. However, the inevitable policy response of rate cuts, massive QE, and huge fiscal deficits quickly unwound that deflationary crunch and sent many risk assets soaring, and gold was well-positioned to ride that...
Treasure Hunter Stays 5 Years In Jail Rather Than Reveal Location Of Gold Coins Worth MillionsDec 15, 2020 - 13:01:45 PST
The coins that the court is inquiring about are believed to be worth at least up to $4 million, part of a much larger haul from what was once dubbed the "world’s richest shipwreck".
Dec 15, 2020 - 12:38:32 PST
"These reflationary policies will also have key implications for global growth, and especially for emerging markets, because of a shift in the U.S. savings-investment balance," Ahya says. The economics team believes that this change in regime will in turn drive U.S. dollar weakness and ultimately set the scene for a reflationary impulse for the rest of the world.
By the popular way of thinking, the determination of the prices of goods is summarized by means of supply and demand curves, which describe the relationship between the prices and the quantity of goods supplied and demanded.
Research carried out by Deutsche Bank found that more than half of workers want to continue to work from home after the pandemic. So naturally some are looking to slap a tax on remote work.
Shouldn’t We Fix Current Fraud Problems Before Throwing More Money at COVID Relief?Dec 15, 2020 - 12:28:34 PST
There's new momentum in Washington, D.C. for another COVID-19 stimulus package this month, and it may well be followed by another round after President-elect Joe Biden is inaugurated. Unfortunately, Congress has yet to fix the glaring problems that plagued its first relief package.
With that out of the way, please take a look at what happened to a buy and hold strategy in the Nikkei.
The Fed’s balance sheet could easily be replaced with the phrase abracadabra; truly, there is little else in the world which works as magically as it does. Often cited, seldom understood, few seem to realize that as the balance sheet expands, so too does the power of this central bank at the expense of the entire nation.
Dec 15, 2020 - 11:24:40 PST
“The solvency crisis is already eroding the underlying strength of the business sector in many countries,” according to the report. “The problem is worse than it appears on the surface, as massive liquidity support, and the confusion caused by the unprecedented nature of this crisis, are masking the full extent.”
Companies around the world are increasingly at risk of failure, and the size of the problem is growing.
Record Wall Street Euphoria Triggers First BofA "Sell Signal" Since February 2020Dec 15, 2020 - 11:11:06 PST
While one would be hard pressed to discuss any risks in a market where nothing can possibly go wrong - and if it does, the Fed will just inject another few trillion - the survey finds that for another month, COVID-19 remains the #1 tail risk down from 41% to 30%, but fears of inflation (24%) & fiscal policy drag (18%) rising.
Faced with such hostility and suspicion, Xi is hunkering down as he takes his country into a propitious new year. 2021 marks the centennial of the Chinese Communist Party and the advent of a new five-year economic program rolled out by Beijing’s central planners.
Gold rose after the unveiling of a possible new U.S. spending package with traders anticipating fresh guidance on monetary policy from the Federal Reserve at its last meeting of the year.
2.5 Trillion Reasons To Care About This Week's 'Quad Witch' Options ExpirationDec 15, 2020 - 09:55:01 PST
This obviously doesn’t mean the market should sell off, but it does suggest its “easier” for it to sell off. Recall that its under 3650 wherein we think dealers actually add to selling.
The U.S. Federal Reserve said on Tuesday it has formally joined an international group of central banks working to understand and reduce climate change risk, a signal that the Fed could move to incorporate the impacts of global warming into its regulatory writ.
I’m not a currency trader, but like it or not we are all currency traders now as the movements of the dollar and equities are tightly linked. Dollar up, markets down and vice versa. Indeed re…