Precious metals are apparently waking up. And here is where you can find the best deals.
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Claudio Grass (CG): This crisis has shaken a lot of industries and core functions of the global economy and international trade. How do you assess its impact on the most important part of the machine, the banking system? Do you see risks there that investors should be worrying about?
The Fed Could Face More Pressure to Act: ‘They Don’t Have the Luxury of Time Anymore’Oct 30, 2020 - 12:59:53 PDT
Fears of an economic slowdown due to the rise in coronavirus cases could bring more urgency.
Editor's Note: This is a guest perspective on the markets from our partners at Peak Prosperity; we hope you enjoy it. Jim Rogers is not only one of the most successful investors of our era, he’s also an avid scholar of history. Seeing that the world is buried under an unprecedented mountain of debt that is requiring more and more central planner intervention to keep from imploding on itself, Jim says history is clear on what happens next. A clearing of the debt either via massive default, or destruction of the currency it’s denominated in.
President Trump has said often that he had “created the greatest economy the world has ever seen, until the China virus came.” Maybe some people believe that, but if the economy was so great why did the Fed keep interest rates at zero and its balance sheet at $4 trillion?
Charting The US Debt: $27 Trillion and Counting: Why America's Debt Doesn't Stop GrowingOct 30, 2020 - 11:47:18 PDT
America's debt recently surpassed $27 trillion. In this infographic, we peel back the layers to understand why it keeps on growing.
Record Debt: S&P Global Ratings Projects Global Outstanding Debt to GDP Will Reach Record 265%Oct 30, 2020 - 11:20:26 PDT
Record debt: @SPGlobalRatings projects global outstanding debt-to-GDP will reach record 265% this year, before leveling off (though not by much) ... level set to reach $200 trillion.
Oct 30, 2020 - 11:13:30 PDT
A new phase of the economic crisis is looming for the winner of Tuesday’s presidential election: potentially massive defaults by jobless Americans on consumer loans as the chances for more federal relief this year diminish.
Investors have been hearing for years that “interest rates are near all-time lows,” and “rates have nowhere to go but up,” and finally, that “the bond bear market is right around the corner.” These warnings have come from notable bond gurus including Bill Gross, Jeff Gundlach and PIMCO’s Chief Investment Officer Dan Ivascyn.
Oct 5, 2020: During the call we talked about;
The possible long-term effects of Covid-19.
The future of negative interest rates and if the US Fed will implement them.
What effects could the US election have on the market.
The future of the US Dollar and Gold
+ much more
But should gold investors worry? No way! First, gold prices tend to rise when investment demand is high, as it is now. Jewelry demand tends to rise and fall inversely with gold prices. So the recent drop in jewelry demand is expected given that bullion prices have rallied so much recently.
‘Still Negative’ on U.S. Dollar Regardless of Election Result: Deutsche BankOct 30, 2020 - 09:38:43 PDT
A Biden win and Democratic sweep of Congress in particular would see a lot of U.S. dollar weakness come through versus the emerging market currencies, says Sameer Goel of Deutsche Bank.
Near zero rates for potentially a decade raise the specter of financial stability risks. Fund managers are once again predicting asset bubbles and stock “melt-ups,” a debased U.S. dollar and a destabilizing acceleration in inflation, reigniting a debate about the dark side of easy monetary policy that raged after the 2008 crisis.
Raising banker compensation in the midst of a pandemic isn’t the best look. But this is the dilemma facing Wall Street after a bumper year for performance. Pay too little and you lose your stars; pay too much and you infuriate the public.
Halloween tomorrow. Seems like a good time for a spooky gold story.
Oct 30, 2020 - 08:24:26 PDT
Imagine that your neighbor across the street had been criminally charged with five felony counts for financial crimes in the past six years and admitted to committing each and every crime to the U.S. Department of Justice. Would you put one-third of all of your money in a safe, give that neighbor the combination...
The Fed said it is reducing the minimum loan size to $100,000and will ease restrictions on the debt load for companies.
The Fed continued to expand the money supply and suppress interest rates through the remainder of the 1920s. Such monetary policy fanned the flames of historic stock market speculation which culminated in the stock market crash of 1929 to 1932 and the Great Depression. The macro set-up today is eerily similar as we will explain below.
Wall Street Sell Off Gains Steam, Dow Falls Over 450 Points & Heads for Its Worst Week Since MarchOct 30, 2020 - 07:48:59 PDT
Stocks fell, with Wall Street set to wrap up a difficult week as U.S. stimulus talks broke down, and coronavirus cases rose.
Oct 30, 2020 - 07:21:03 PDT
In “Bilateral Digital Currency Payments and the Twilight of the Dollar,” Bill Campbell warns that central banks are developing monetary and payment-settlement tech that could end the dollar’s reign as the world’s reserve currency.
Gold witnessed some short-covering move on Friday amid renewed USD selling bias.
Weaker risk sentiment, sliding US bond yields remained supportive of the move up.