Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Dr. Eric Toner, Johns Hopkins Center for Health Security senior scholar, discusses the efforts to contain the deadly coronavirus outbreak.
WHO Chief Says Confident in China's Ability to Contain Virus, Urges CalmJan 28, 2020 - 04:26:09 PST
The World Health Organization’s director-general said on Tuesday he is confident in China’s ability to control and contain the spread of a new coronavirus, China’s Ministry of Foreign Affairs said.
The World Health Organization, which has sometimes been criticised for its handling of past disease outbreaks, admitted an error on Monday in its risk assessment of China's deadly virus.
China said on Tuesday that 106 people had died from a new coronavirus that is spreading across the country, up from the previous toll of 81.
The outbreak of the deadly coronavirus threatens to derail a fragile stabilization in the world economy, which had appeared poised to benefit from the phase one U.S.-China trade deal, and signs of a tech turnaround.
"The price action is a bit frustrating..."
Hard assets like gold are therefore generally sought as investors are hedging against poor fundamentals and the long-term headwinds.
Gold is now up more than 20% in the past year, and trading near $1,600 an ounce, its highest level since 2013. Other precious metals, such as silver and platinum, have rallied too.
Both bullion and futures of the yellow metal breached the key $1,580 per ounce resistance on Monday before consolidating gains, although analysts said the $1,600 target seemed well within the market’s reach.
Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says the first major stock market pullback since October is under way.
Central banks in Europe and Japan are confronting similar challenges. Christine Lagarde, president of the European Central Bank, said last week that the ECB would also launch its own policy review this year.
Late last year, the investment management giant Morningstar published a report concluding that most people can either save money for retirement, or save money for their kids’ education… but NOT both.
From 1990 to 2008, annual growth in world trade was fully 82% faster than world GDP growth. Now, however, reflecting the unusually sharp post-crisis slowdown in global trade growth, this cushion has shrunk dramatically, to just 13% over the 2010-19 period, leaving the world economy more vulnerable to all-too-frequent shocks.
Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?
BlackRock has boosted its holdings at the long end of the Treasury curve and expects yields to go even lower in a flight-to-quality trade.
Social Security is already facing a $13.9 trillion cash shortfall through 2093, but it could get a whole lot worse.
Jan 27, 2020 - 11:43:16 PST
Central banks know financial crisis is just over the horizon and they will need to print inhuman amounts of money to paper it all over.
The potential for a consequential disruption in China's supply chains appears to be vastly under-appreciated.
11,842 sellers jumped the rat-infested ship of shorts since Friday...
Martin Armstrong: “The Fed is trapped. If it stops (injecting money into the repo market by billions of dollars daily), interest rates will rise.”