Precious metals are apparently waking up. And here is where you can find the best deals.
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Trader: Show Me Two Gold Closes Above $1750, And I'll Show You $2000 Gold By May 24thApril 14, 2020
Silver, however, remains an enigma...
The covid-19 virus, while incredibly tiny, continues to confound researchers with the myriad ways in which it can wreak havoc in the human body. Today's surprise is that the virus may have a completely second pathway, separate from targeting ACE2 receptors, for attack.
Deflation, deflation, deflation. Join Mike Maloney as he points out some of the obvious clues from today’s news that add up to show a clear roadmap for our economic future. Are you prepared?
“There is too much debt at all levels. We have borrowed from the future, and there is not enough economy to pay it down. That equation requires much more financial repression going forward, and gold is a great hiding place from that process,” he says.
The Fed has acted while Congress has continued to squabble.
OPEC and its allies just announced the largest oil supply cut in history, but many on the Street say it's not enough to stop further price declines ahead.
Gold futures climb Monday to mark another finish at their highest price in more than seven years as investors eye losses in the stock market and weigh...
The demands for physicals are picking up and will in time cause the breakout as more and more...
So it stands to reason that, if they keep printing money (which they already are), and the ratio eventually returns to its historical range, the price of silver could really skyrocket.
To all fans of MMT: you are getting exactly what you always wanted.
A general decline in the prices of goods and services is regarded as bad news, since it is seen to be associated with major economic slumps such as the Great Depression of the 1930s.
Deflation began to rock headline and core consumer prices in March. ING warns that deflation is going to strike the U.S. economy.
This could drive the economy into a vicious cycle.
The Great Depression provides evidence of deflation’s damaging effects. Agricultural prices collapsed, making it harder for farmers to pay their debts. Mortgages went into default by the thousands.
It was only a matter of time until housing, like every other sector of the economy took a big hit. Of course the housing cheerleaders thought somehow that a global pandemic would keep housing untouched while every other facet of the economy would come to a grinding halt.
The number of those age 65 and older and the size of their debt have risen. It's the amount of debt that's the killer.
What I see is a global collapse of intangible capital that is invisible to most people.
Apr 13, 2020 - 09:28:35 PDT
On Wednesday, investors put the probability that Ford Motor Co. would default on its debts at around 20%. By Friday, that had plunged to 14%.
Now that the stock market has crashed, it’s time to look at how long it might take to recover.It’s an honest question on my part. I have a daughter in a new career and starting to contribute to a retirement account. My wife has a 401k and is a decade away from retirement. I handle my retired parents’ money. And I have other family and friends who follow traditional brokerage advice and have the conventional 60% of their portfolios in stocks (who aren’t very happy right now).
If you believe as I do that the price of gold is reflective of faith in central banks, there is every reason to be bullish rather than pay heed to alleged 5-year cycles.
Because the real risk on the table today is the risk of us no longer believing that funny money holds any value at all.