Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Gold reached a new milestone Tuesday, breaking above $2,000 for the first time ever. The yellow metal closed just above $2,017 an ounce. Peter talked about gold's new record high and what it's telling us in his latest podcast. He says most people still don't really understand the significance of $2,000 gold.Peter noted that when gold first peaked its head above $2,000, it immediately sold off. He said that kind of nervousness is exactly what he wants to see in a gold bull market.
"Gold is outperforming... It’s all about the debasement of the dollar.”
The Fed Is Expected to Make a Major Commitment to Ramping Up Inflation SoonAug 5, 2020 - 05:22:34 PDT
Markets are anticipating a Fed that would adopt an even more accommodative approach than it did during the Great Recession.
As Dollar Slides, Some Investors Fret About Its Status as World’s Reserve CurrencyAug 5, 2020 - 05:21:00 PDT
Some investors are worried the U.S. response to the coronavirus pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in the greenback's status as the world's dominant reserve currency.
China’s banks need about $500 billion in fresh liquidity this month to roll over existing debt and buy government bonds, complicating the People’s Bank of China’s efforts to exit crisis measures.
With yields on five-year U.S. debt grinding to another record low on Tuesday, just days after a gauge of Treasury volatility fell to an all-time nadir, bond traders and investors are taking a long hard look at the speed of these declines and are on the lookout for any signs that a reckoning is underway.
The Circle Of Death: Bankrupt Companies "Unfile" To Receive Government Bailouts, Then Immediately File AgainAug 5, 2020 - 05:08:01 PDT
Some companies "unfile" for bankruptcy, arrange a PPP bailout loan, and then almost immediately refile for bankruptcy.
Many Republicans are not in favor of additional aid to states because they see it as a bailout of past financial mismanagement. There’s no denying that state and local governments are feeling the pinch from being closed down and reduced tax revenue.
Even with another record low mortgage rate, mortgage application volume decreased 5.1% last week, according to the Mortgage Bankers Association.
Chris dives into the latest coronavirus data and several insights are becoming clear:
"strongest suggestion for gold bugs is to look at a mining stock chart before reading a “Corona is not that bad” article. Focus on getting richer first..."
Gold pushed above $2,000 an ounce for the first time ever on Tuesday.The spot price broke through $2,000 a little after noon and then immediately sold off over the next 10 or 15 minutes. In a tweet, Peter Schiff said, "You know the gold bull has a long way to run when the first reaction traders have to gold finally breaking above $2,000 is to sell."
Don’t let a random technical indicator or bounce in the dollar index throw you off. Here's what to know about gold right now, silver, the dollar, and more…
Gold Ends Above $2,000 for the First Time in History as U.S. Dollar and Bond Yields RecedeAug 4, 2020 - 12:57:42 PDT
Gold futures power higher Tuesday, gathering momentum late in the session as government bond yields head lower and as the U.S. dollar’s recent rebound recedes somewhat, allowing the precious metal to make an assault on a record close above the $2,000 threshold.
Dollar Could Be a ‘Crash Risk’ if U.S. Loses ‘Credibility,’ Analyst WarnsAug 4, 2020 - 12:55:03 PDT
Rising economic and political uncertainty means the U.S. dollar may be a “crash risk” -- a danger more often associated with emerging market currencies,...
Massive as it sounds, the next Covid bailout deal may already be too small.
Household spending had been rising in line with income growth. But that’s set to reverse as the job market stalls, the virus spreads, and the government prematurely removes needed support.
There is a now widespread universally held belief, especially amongst “dumb money” market participants, that the markets cannot drop because the Fed is going to keep creating money in ever greater quantities to throw at pumping them higher and higher.
Home Prices See Strong June Bounce, but Economists Warn It Likely Won’t LastAug 4, 2020 - 11:40:00 PDT
Home prices in June saw their strongest monthly rise in seven years, spurred on by strong buyer demand and record low mortgage rates. Forecasters, however, say the gains will start to moderate soon, and prices could end up slightly lower by June 2021.
As $SPX is entering the February gap zone into 3300 (an area we’ve been mentioning for weeks in Straight Talk) and Nasdaq is again making new all time highs as investors keep relentless chasi…