Precious metals are apparently waking up. And here is where you can find the best deals.
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Jan 21, 2020 - 04:49:47 PST
The New York Fed is so protective of its surreptitious trading relationship with Wall Street that it previously denied Wall Street On Parade a photo of its trading floor. (We obtained the one pictured here from a Fed educational video.
Central banks can't be expected to save the world from climate change, a new book by the Bank for International Settlement said on Monday, urging instead global co-ordination ranging from government policy to financial regulation.
As soon as it became clear that the Fed’s emergency liquidity pumping measures in September, the US indices switched into a regime of the virtually unstoppable rally. The same can be said about the actions of the ECB, which in August announced the restoration of asset purchases on its balance sheet since November.
The International Labour Organization (ILO) said on Monday, and it could edge up next year as the world economy slows.
The IMF reduced its forecast for global growth this year to 3.3% from 3.4% in October. The forecasts for the U.S. and euro zone were both revised down by the same amount.
Debt rose by almost US$10 trillion to US$252.6 trillion from a year earlier, said the Washington-based IIF, which is comprised of the world’s leading financial institutions.
Your parents’ — more likely your grandparents’ — Great Depression opened with the then-biggest-ever stock market crash, continued with the largest-ever sustained decline in GDP, and ended with a near-decade of subnormal production and employment.
Gold's The One Performer To Act As A TRUE SAFE HAVEN Asset In Downturn Of Business CycleJanuary 20, 2020
As economic data releases and reports offer more evidence of where we are in the business cycle, gold, silver and the miners are set-up to push a lot higher...
Cooperation between nations in the gold market and in international finance, along with further internationalization of the Renminbi, just got a boost...
Gold & silver would still be in widespread use, and were the government intervention to end, there is no doubt they would be again...
Peter Schiff has been saying the Federal Reserve is going to let the inflation monster loose and this is going to be good for gold. Some people in the mainstream are starting to pick up on this theme.During a recent interview with the Financial Times, Bridgewater Associates co-chief investment officer Greg Jensen said gold could surge over $2,000 as central banks embrace higher levels of inflation.
Are consumers getting close to the end of their road of debt?There are some indications that they might be and that's not good news for an economy built on consumers spending money they don't have.
The US Federal Reserve is once again force-feeding liquidity into the system. At its fastest rate ever. That's putting our future at risk. Learn why.
"If the banks are not benefitting, who is? Leverage funds with huge interest rate derivative positions. And who is on the hook if they blow up? The big banks who are on the other side of the trade, as they would be forced to recapitalize the clearinghouses."
No, those headlines are barely related. Just a few things on my mind today...
We will soon see how it all unwinds...
JP Morgan has come to master both the physical and paper markets in gold and silver...
Gold for February delivery GCG20, +0.60% on Comex gained $9.80, or 0.6%, to settle at $1,560.30 an ounce. March silver SIH20, +0.70%, meanwhile, picked up 13.4 cents, or about 0.8%, at $18.073 an ounce.
Net gold purchases by central banks will likely remain robust even if they are lower than the record highs seen in recent quarters.