Precious metals are apparently waking up. And here is where you can find the best deals.
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The gold price manipulation conspiracy received validation in August when Reuters reported: Scotiabank to pay over $127 million for precious metals price manipulation. One of Canada’s largest banks earned itself a proverbial black eye for “spoofing” the gold price, something precious metal traders have cried foul on for years.
As long as the Fed remains committed to depreciating the currency at a more rapid pace and punishing savers with negative real interest rates (it has vowed to keep its Funds rate near zero through 2023), the major trend for precious metals should remain HIGHER.
The wider discussion today, however, is whether central banks should commit to explicitly make up for inflation misses when they have spent quite some time below their inflation goals.
Inflation Measures Are Meaningless Without House Prices: But Their Use Produces Huge DistortionsOct 9, 2020 - 11:58:06 PDT
There is no way of effectively measuring inflation experienced by people if house prices are not included. Their exclusion has caused huge distortions in reported inflation, the economy, and in finance.
America has an epic choice. And it has nothing to do with who will be the next president of the United States. It has nothing to do with if the new stimulus bill is $1.6 trillion or $2.2 trillion.
When the shoeshine boy starts sharing stock tips, it is time to get out of equities; or so Joseph Kennedy Sr is said to have remarked as he exited the market ahead of the 1929 crash. So what should investors do when college students start promoting special purpose acquisition companies, or…
Federal Reserve Chair Jerome Powell has done everything to demonstrate his desire for higher inflation short of dressing up as a dove and cooing in front of Fed headquarters.
Bonds are doing exactly what you’d expect in a recovering economy. It’s the Treasury market that looks manipulated now.
Trump Raises Covid Stimulus Offer to $1.8 Trillion, Then Says He Wants Bigger Bill Than Dems or GOPOct 9, 2020 - 11:04:59 PDT
Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi plan to meet later Friday as the try to reach a coronavirus stimulus deal.
Oct 9, 2020 - 10:10:11 PDT
A Synopsis Of “Financialization And The Road To Zero” →
They have been programmed to automatically sell rallies into the downsloping moving average. The bearish correlations are unwinding, with...
While it is hoped more stimulus will cure the economy's ills, it will likely disappoint due to the "2nd derivative effect."
Oct 9, 2020 - 09:37:31 PDT
One question that is often asked if “Where Will Mortgage Rates Be In Three Years?” Take a look at Freddie Mac’s 30Y mortgage survey rate (white line) and M2 Money Velocity (green …
U.S. equity markets might be reaching new record highs despite U.S. bankruptcies are on track to rise at the fastest pace since the Great Recession.
New, eye-popping federal budget figures released Thursday show an enormous $3.1 trillion deficit in the just-completed fiscal year, a record swelled by coronavirus relief...
Oct 9, 2020 - 09:06:50 PDT
NEWS: Mnuchin is preparing to present Pelosi with a $1.8 TRILLION counteroffer when the two speak today, sources tell @kristinapet and me. Kudlow said this morning POTUS has approved an offer. Story TK
Unfortunately, the Fed is making arguments about inflation that are designed to give it freedom to do whatever it wants and that may actually lead to a devaluation of the US dollar. This is a violation of the real reason for the Fed and it worries us about the future of inflation in the United States.
With the Q2 GDP Third Estimate, we now have an updated look at the popular "Buffett Indicator" -- the ratio of corporate equities to GDP. The current reading is 171.7%, up from 124.7% the previous quarter.
Fed officials suggest a rate rise may not come before the end of 2023. Officials also suggest they can do little more to stimulate demand with the chances of negative interest rates looking slim, although they could, of course, implement more quantitative easing.
Boston Fed President Eric Rosengren tells FOX Business' Edward Lawrence that there is a 'definite need for additional stimulus' and the U.S. won't get back to record-low unemployment for at least three years.