Precious metals are apparently waking up. And here is where you can find the best deals.
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Global cases: More than 95,200 according to the latest figures from the World Health Organization
SARS-COV-2 has two distinct types (S-Cov and L-Cov) circulating which may explain why some areas are being hit harder than others.
Most people assume that the central bank prints money when it buys bonds...
“This was an obvious catastrophe a long time ago, everything you would find in a thriller novel about a pandemic…this virus checks all those boxes.” Join Mike Maloney and Chris Martenson as they discuss the latest developments with the Covid-19 crisis, including the drastic effects we will start to see on world economies.
Investors are returning to gold as a store of value after the Federal Reserve’s emergency rate cut sparked a collapse in 10-year Treasury yields.
The price of gold and especially of silver dropped. And with that, backwardation emerges in silver. The spread in silver was around 2 cents (up from where it had been humming along at ½ cent until about a year ago), then just over 1 cent. By mid-February, it was over 1.5 cents.
The emergency rate cut by the Federal Reserve left the economy perilously close to 0% interest rates.
“Risk happens fast,” as they say and it has never happened faster than it did last week. It took just six days for the S&P 500 to fall 10% from a record high, the fastest “correction” in history.
Stocks surged as major victories from Joe Biden during Super Tuesday sparked a massive rally within the health-care sector.
As the coronavirus death toll in Washington state rises to nine people, consumers there are stockpiling powdered milk, beans and disinfecting wipes.
"There were indications that the coronavirus was negatively impacting travel and tourism in the U.S. Manufacturing activity expanded in most parts of the country; however, some supply chain delays were reported as a result of the coronavirus..."
The New York Fed is authorized to buy and sell Treasury securities to the extent necessary to carry out the most recent Federal Open Market Committee (FOMC) directive. Operation results include all outright purchases and sales of Treasury securities conducted, including small value exercises.
The markets are showing this obsession with deflationary panic in several ways (according to Bloomberg LP data):
On October 19, 1987, the US stock market suffered the worst crash in its more than 200 year history, dropping more than 23% in a matter of hours. It wasn’t just in the United States, either.
Silver Eagle Sales Surge First Three Days In March Due To Global ContagionMar 4, 2020 - 10:18:06 PST
When investors become increasingly concerned about the financial system, they rush into physical precious metals. And, this is precisely what we see taking place at the U.S. Mint as sales of Silver Eagles surged in the first three days of March versus the entire month of February.
There’s a widespread belief out there that the U.S. and the global economy in general is on much sounder footing …
"...investors should be aware of a possibility of further downside, as the precious metal will continue to feel some pressure from..."
Past periods of volatility set historical precedence for traders navigating the markets today. Discover the biggest volatility cycles and spikes ever witnessed.
Georgieva said on CNBC's "Squawk Alley" that the money is available "immediately."
When it comes to destroying client money, Dennis Gartman was a rank amateur compared to JPMorgan.