Precious metals are apparently waking up. And here is where you can find the best deals.
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The consumer price index fell 0.8% in April, according to the latest Labor Department data. It was the biggest plunge in consumer prices since December 2008. year-over-year, the CPI is up 0.3.By all indications, it appears inflation is the least of our problems despite massive Federal Reserve money-printing and unprecedented government spending. But in his podcast, Peter Schiff said you need to ignore the CPI because despite what it might indicate, inflation is a huge problem.
After eleven years of nearly uninterrupted advancement, the record-long, QE-spawned bull market is on life support, facing the effects of pandemic lockdown and a massively leveraged global financial system.
For the Federal Reserve, disinflation is a bit too close to deflation for their liking. And this scenario bolsters the case for the central bank keeping its unprecedented expansion of monetary policy in place for some time.
Despite massive fiscal and monetary stimulus, negative rates, and the European Central Bank's (ECB) balance sheet above 40 percent of GDP, France and Italy showed stagnation in the fourth quarter and Germany narrowly escaped recession.
Largest Sovereign Wealth Fund Is About To Dump $40 Billion In Bonds & StocksMay 13, 2020 - 04:55:15 PDT
One of the world's biggest piles of oil money is taking some profits and planning to dump nearly $40 billion of assets on the market in the coming months in what Bloomberg described as a "historic" sale.
Druckenmiller Says the Risk/Reward of Investing in Stocks Has Never Been WorseMay 13, 2020 - 04:50:06 PDT
The famed former hedge-fund manager, who with George Soros famously broke the Bank of England by shorting the pound in 1992, says “the risk-reward for equity is maybe as bad as I’ve seen it in my career.”
Stock Market Has Richest Valuation in 18 Years as Profit Outlook WorsensMay 13, 2020 - 04:45:52 PDT
While businesses save money on payrolls, they'll still see anemic demand, prices falling at a record pace and a myriad of other obstacles centering on how they will reopen once they finally can come back online.
Powell Expected to Squash Idea of Negative Rates, Trump Says US Would BenefitMay 13, 2020 - 04:42:46 PDT
The market for the first time priced in a negative fed funds in the futures market last week, as investors speculated the Fed could change its mind at some point in favor of negative rates.
One of China’s biggest natural gas distributors flagged the possibility of sub-zero market prices at its shareholder meeting, a scenario that would echo oil’s record plunge last month that stunned global markets.Gas prices could turn negative due to a lack of storage capacity,
Oil prices fell on Wednesday as potential OPEC+ plans to deepen supply cuts were overshadowed by demand concerns exacerbated by a possible second wave of coronavirus infections as countries ease lockdowns.
Gold prices were little changed on Wednesday, with markets awaiting a speech by Federal Reserve Chairman Jerome Powell for more signals on the U.S. interest rate trajectory after dismal economic data.
Treasury Yields Fall as Reopening Fears & Inflation Data Dent Risk AppetiteMay 13, 2020 - 04:34:57 PDT
U.S. government debt prices were higher Wednesday morning as investors weighed fears over the containment of the coronavirus pandemic against efforts to reopen the economy.
Global cases: More than 4.2 million. Global deaths: At least 291,366. Most cases reported: United States (1,369,314), Russia (232,243), Spain (228,030), United Kingdom (227,741), Italy (221,216)
May 13, 2020 - 04:26:19 PDT
Well, our "experts" continue to disappoint... Why is it that so many of those we're relying on aren't being straight with us? Sure, we've come to expect that from politicians and the media, but scientists, too?
Before gold is headed much higher, the yellow metal is heading to $800. Here's why...
ccording to analysts from TD Securities, after a period of stagnation during which gold prices may hover in the lower bound of the recent trading range near $1,700/oz, the yellow metal should see a resurgence in investor interest and move back on a path toward $2,000 and above.
Gold Futures End Higher, Buoyed by Concerns Over a Slow Economic RecoveryMay 12, 2020 - 13:08:21 PDT
Gold futures settled higher on Tuesday after posting declines in the past two sessions. Prices got a boost from a weaker U.S. dollar, as well as concerns...
Billionaire VC Warns Fed Stimulus Risks Triggering "Deflationary Supercycle"May 12, 2020 - 13:06:38 PDT
That Could Crush Main Street. "All this money going in to prop of companies - what you are going to start or accelerate is a really bad deflationary super cycle."
Virus Crisis Augurs an Inflation Breakout, Morgan Stanley Says: BloombergMay 12, 2020 - 12:33:32 PDT
The coronavirus crisis is likely to bring an end to a 30-year run of disinflationary forces and herald the return of accelerating inflationary pressure that’s likely to overshoot central bank targets, Morgan Stanley said.
Federal Reserve Bank (Fed) Dallas President Robert Kaplan said on Tuesday the central bank will insist on more fiscal stimulus to support the United States economy amid the coronavirus crisis.