Precious metals are apparently waking up. And here is where you can find the best deals.
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We likely have a short-term game changer, and the implications are VERY BEARISH for gold...
A surge in Japan’s bill issuance is exerting upward pressure on yields and reinforcing the case for the central bank to buy more.
“The Committee’s assessment of the outlook and balance of risks suggests that the policy rate will most likely remain at today’s level for some time ahead,” Norges Bank Governor Oystein Olsen said in a statement.
Indonesia’s central bank left its key interest rate unchanged Wednesday to shore up support for the sagging currency, saying quantitative easing could be more effective right now than rate cuts in reviving Southeast Asia’s largest economy.
El-Erian Says Coronavirus Devastation of Small Businesses Threatens Capitalism in the U.S.Aug 20, 2020 - 07:04:23 PDT
"If you want capitalism to be sustained, you need buy-in from a lot of people. You cannot get buy-in if it's all about large corporations," economist Mohamed El-Erian told CNBC on Thursday.
Four of the world’s major central banks have further reduced the U.S. dollar liquidity they offer through emergency swap lines with the Federal Reserve, in the latest illustration of the global financial system’s recovery from the market panic caused by the coronavirus early this year.
When gold moved above its all-time record price last month, we pointed out that it's easier to understand gold’s record-breaking move up if you look at it from the other side of the equation. The dollar is now at its all-time low compared to gold.In simple terms, the dollar is losing value and dollar debasement is driving up the price of gold.
Huge banker short covering as they've been caught terribly offside...
Gold will extend its record-setting rally on “massive currency debasement” and expectations for further stimulus, according to SkyBridge Capital, which recently added exposure to the metal after exiting in 2011.“ When you think of currency debasement the question is, what is the dollar...
Aug 20, 2020 - 05:39:27 PDT
Bank of Nova Scotia will pay about US$127.4 million to settle a U.S. Commodity Futures Trading Commission case that found the bank attempted manipulation and spoofing of gold and silver futures contracts thousands of times over the last eight years.
...the numbers remain extreme outliers in a historical context
Historically low interest rates are keeping bankers’ fears at bay—even amid the economic shock of the pandemic. But if the U.S. stops being the world’s reserve currency, says one expert, “we are screwed.”
“...heavily indebted companies raising more debt is like pouring wet cement into their firms. When it sets its like concrete, stopping growth...”
"the strength of any such recovery remains highly uncertain..."
Oil prices fell on Thursday on demand concerns driven by cautious views from OPEC+ producers and the U.S. Federal Reserve regarding economic recovery from the coronavirus pandemic.
For investors, yield curve control is a big deal, so a hint that it isn’t going to happen didn’t go down well.
This Central Bank Says It Was Effective on the Metric That Really Matters — HappinessAug 20, 2020 - 05:17:37 PDT
Quantitative easing, yield curve control, forward guidance — central banks are employing increasingly complicated ways to bolster the economy. But one central bank says what it is really doing is putting smiles on people’s faces.
Germany Is Beginning a Universal-Basic-Income Trial With People Getting $1,400 a Month for 3 YearsAug 20, 2020 - 05:15:37 PDT
The scientist leading the research, Jürgen Schupp, said it would improve the debate about universal basic income by producing scientific evidence.
Last month we reported that mortgage delinquencies soared at a record pace in April. Well, things have gotten even worse since.The overall delinquency rate for mortgages on one-to-four-unit residential properties spiked by nearly 4% in Q2, reaching 8.22% by June 30, according to the Mortgage Bankers Association’s National Delinquency Survey. The jump in the delinquency rate was the biggest quarterly rise in the history of the survey.
Six months ago, exchange rates would have mattered less in a global investor’s stock-picking process. Now with the dollar facing what some warn is an existential threat, currencies are in the limelight.