Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold broke out this week. The yellow metal pushed through the $1,600 level and continued to climb. Conventional wisdom tells us this is all about safe-haven buying due to fear that the coronavirus will stunt global economic growth. That is certainly a factor. But could there be more to it than that? On this week's Friday Gold Wrap podcast, host Mike Maharrey talks about what he thinks is at the root of this gold breakout. He also gets into the subject of inflation. There's more out there than the standard government numbers tell us.
The last time PMI crashed here, GDP went negative in Q1 2014...
Stocks fell on Friday after the number of new coronavirus cases escalated, fueling worries over a pronounced global economic slowdown.
The powerful rally for the precious metal, which has sparked renewed interest by market analysts, comes as the 30-year bond yield slipped 4.2 basis points to 1.930%, falling below its previous all-time low of 1.95%.
The World Bank’s pandemic insurance has yet to pay out any funds in the three years of its existence.
So, are US tech stocks right? Or the entirety of the rest of the world's financial markets?
Central bank officials have indicated that they are content to keep policy on hold as they watch economic developments play out.
The firm argues that the gold rally still has room to run. However, if the virus disruption stretches into Q2, we see substantially more upside from here - towards $1,850, depending on the magnitude of global monetary policy...
Gold continued scaling higher through the early European session on Friday and jumped to fresh seven-year tops, around the $1635 region in the last ho...
Gold continues its impressive rally and yesterday it broke back above $1600/oz to reach the highest close since 2013. The recent move has been particular impressive occurring at time when the dollar has been breaking higher against several major currencies.
What the dollar and euro do at these channel tests should send an important message to the metals/commodities markets – at least in the short-term.
he greenback, when measured by the US Dollar Index (DXY), is trading on the defensive near 99.80 following three consecutive daily advances.
Oxford Economics says virus already having ‘chilling effect’ as China factory closures spread.
The manufacturing downturn offers the clearest evidence yet of the epidemic’s damaging effects on global growth and businesses, and is likely to ramp up pressure on Japanese policymakers to increase stimulus.
Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market.
The breakdown in the global supply chain is becoming a bigger threat by the day...
Amazon Tells Sellers to Take Down Products That Claim to Kill CoronavirusFeb 21, 2020 - 02:47:09 PST
Amazon started informing sellers this week that it's removing listings that include false claims about the coronavirus.
It was even worse in the first week, with nationwide sales tumbling 96% to a daily average of only 811 units, PCA said in a report released earlier this week.
South Korea has become one of the worst affected places outside mainland China, reporting 52 new cases and more than 200 cases nationwide.
We read a lot in the news about the new Wuhan coronavirus and the illness it causes (COVID-19), but some important points often get left out. [1] COVID-19 is incredibly contagious. COVID-19 transmi…