Precious metals are apparently waking up. And here is where you can find the best deals.
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The global financial system seems to be gearing up for massive actions by the global central banks in an effort to calm the potential headwinds that a deflationary fallout would force upon the world.
This collapse of price will manifest in all sorts of markets that are based on debt-funded purchases of desires rather than a warily prudent priority on needs.
"It could be useful to be able to intervene directly in assets where the prices have a more direct link to spending decisions."
Gold prices inched up on Wednesday as traders await the U.S. Federal Reserve’s minutes of its latest meeting, which is due later in the day.
Central banks in the developed world resorted to many actions, one after the other, to prevent another Great Depression.
...that good news masked a development that suggests Corporate America is beginning what could be a painful adjustment, and one that could put a damper on future stock returns.
Hong Kong is heading for its first back-to-back annual recessions on record, as the coronavirus shutdown cripples an economy already battered by months of political unrest. The jobless rate rose to 3.4% in January for a fourth straight month of increases.
The January Cass Freight Shipping Index is more bad news for the global economy.
A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs
Already under heavy fire as the coronavirus outbreak shutters factories, disrupts supply chains and is set to shock China’s already-slowing economy...
China’s National Health Commission said there was a total of 74,185 confirmed cases as of Feb. 18, and 2,004 people have died so far.
We'll soon know whether the spread is indeed slower than initially feared, or we'll start to see huge increases in the number of infected ex-China.
Marine archaeologists are renewing their search for a Spanish treasure shipwreck, the Juncal. It is believed that the ship had a cargo of treasure, including precious metals and jewels, when it sank in the seventeenth century.
China has dumped Treasuries for 9 of the last 10 months with December's $19.3 bn sale the largest since July 2018...
In their new video, Mike Maloney and Ronni Stoeferle of Incrementum show the enormous potential that lies ahead for gold and silver.First, look how strong the correlation is between gold in the 1970s and gold in the 2000s.
The initial response to compulsory hallmarking of gold jewellery and artefacts from January 15, 2021...
“From a technical standpoint, an inverted head-and-shoulders pattern in gold is pointing toward a target of $1,665, which I think is easily achievable from a fundamental standpoint as well,” he added.
His proposals include toughening the Volcker rule, merging Fannie Mae and Freddie Mac, and strengthening consumer protections.
Morgan Stanley: Is This Cycle So Broken That Nothing Makes Sense AnymoreFeb 18, 2020 - 11:17:50 PST
... amid that confusion, something notable has been happening. While overall equity and credit markets (beta) have been unusually strong for a ‘downturn’ phase, a number of underlying market relationships (alpha) have been almost exactly what this phase would imply.
Sound money advocates don’t necessarily believe that gold and silver are the only viable alternatives to fiat money. But the precious metals would likely play a significant role in any truly free-market monetary system where the confidence of currency holders must be earned.