Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold climbed for a fourth day as the coronavirus crisis continued to unfold and the World Health Organization issued a stark warning about the potential for more cases beyond China.The death toll from the outbreak topped 900 and WHO Director-General Tedros Adhanom Ghebreyesus voiced concern...
As of Sunday night, the government said a total of 40,171 cases have been confirmed and 908 people have died in the country.
As China now has placed over 400 million of its citizens under quarantine, China's economy is grinding to a halt.
"...one of the things that people are doing right now is very carefully looking at sequences to see if there's even any possibility much less likelihood that [the virus was bio-engineered]..."
This is probably the most important article I have penned...
'I Felt Like a Pirate in a Grotto': Gold Coins Found in Hoarder's CottageFeb 7, 2020 - 13:11:59 PST
“It was mind-blowing. I felt like a pirate in a grotto,” he said. “There was a coin here, a coin there. If I opened a drawer there were more coins.”
The gap between supply and demand for the precious metal is still far apart.
The precious metal is still viewed by some commodity experts as a go-to asset in the face of an expected period of lower interest rates globally and nagging concerns about Wuhan virus.
Rudolf von Havenstein had been president of the Reichsbank – the German central bank – since 1908. He knew the workings of central bank debt issuances better than anyone. He was good at it.
Realized Strangely, the Federal Reserve and like central banks, in conjunction with federal governments, are making money ever cheaper with the aim of a continuation in global productive capacity...in the face of fast declining populations that do all the consuming.
It's all about fear and the economy...
Stocks fell as worries over the coronavirus' impact persisted and overshadowed the release of stronger-than-expected U.S. jobs data.
In short, for those who need evidence of both euphoria and a Fed-inflated bubble - which would include not only Jerome Powell and his merry FOMC men, but all members of Congress who will be asking Powell questions next week
My fellow taxpayers, this is your quarterly warning that Uncle Sam is not a good steward of your money. The Congressional Budget Office just released its most recent 10-year projections for federal spending and revenues.
The list of warning signs for the rally that pushed U.S. stocks to another record is growing longer. As the S&P 500 Index embarked on a torrid four-day advance, corporate executives and officers have stepped up selling shares in their own companies...
NFP printed with strength in an all-around healthy report. But risk aversion themes have started to show as fears around the spread of coronavirus remain.
"...the outlook for the very short term remains bullish, while the outlook for the medium term is bearish."
Which is code for "even more money printing is guaranteed". The only question is if it comes before or after negative rates.
Evercore ISI Chairman Ed Hyman said he sees no economic growth in China in the first quarter due to the deadly coronavirus.
Central banks can deny all they want that they are not responsible for asset price inflation, but everybody knows better. The denials are not only hollow they are straight out lies.