Precious metals are apparently waking up. And here is where you can find the best deals.
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New ECB boss says plan to put €20bn a month into financial system may not push growth...
Peter Schiff recently recent sat down and talked to Daniela Cambone at Kitco News about the economy, politics, and gold. In part 1 of the interview, Peter said the Fed was not going to be finished cutting interest rates until it gets to zero. That will have serious ramifications for the US economy. With that in mind, Peter said now is the time to buy gold - before the masses figure out what's going on in the economy and flock to the yellow metal.
The Euro may fall as the EU-US trade spat hurts already sluggish economic growth, locking in an ultra-dovish ECB stance and cementing its yield disadvantage.
House leaders unveiled a $1.4 trillion government-wide spending package with an unusually large load of unrelated provisions catching a ride on the last train out of Congress this year.
...single-family permits hit 918k - the highest since August 2007... as long as Powell keeps rates low.
In the first six months of this year, the Federal Trade Commission received 73,000 reports of Social Security fraud. Here's what to think about if a supposed call from the Social Security Administration catches you off guard.
A recent survey from Zillow found that individuals with medical debt were turned down for mortgages at a higher rate than those with student loans or credit card debt. Take these steps if you want to get out from under the weight of health-care bills.
Unemployment matched a 50-year low of 3.5% in November, but a New York Federal Reserve Bank survey released on Monday shows more U.S. borrowers this year...
Struggling to revive profits as low yields persist, a handful of troubled Japanese regional banks are wading deeper into riskier credits such as near-junk rated overseas bonds...
Did you know that holdings in gold ETFs have been spiking?This chart kicks off video #7 with Mike Maloney of GoldSilver and Ronnie Stoeferle of the In Gold We Trust report… it shows the renewed interest in gold from investors around the world.You can see that the light blue area, which represents European ETFs, has expanded the most.To Ronnie the jump in ETF holdings means gold is on its way to becoming a core asset to general investors again. The amount of demand they could bring into the gold market is enormous.
But look further ahead and you will encounter deep uncertainty, suggesting that policymakers around the world would do well to implement inclusive-growth policies sooner rather than later.
Outflows come amid anxiety over trade and the health of the American economy.
Gold Still Faces Larger-Than-Normal Sell-Off Potential, Be Wary Until Positions NormalizeDecember 17, 2019
Big gold-futures selling is inevitable to normalize these extreme bets!
Fiscal 2019 ended Sept. 30 with the biggest budget deficit in seven years, with the shortfall coming in just a hair under $1 trillion.And we're already on track to top that. Just two months into fiscal 2020, the budget deficit is already 12% bigger than it was this time last year and is hurtling toward that $1 trillion mark.
"...since the end of 2016 the implied build in non-transparent gold investment has been much larger than the build in visible gold ETFs..."
Get ready for a fast and sizable pop in gold prices. The cost of buying one troy ounce of the metal will likely rise by around 15% over the next couple of months, analysts say.
A new thought occurred to me about the extraordinary circumstance of the explosion of Federal Reserve accommodation in the repurchase (repo) market that erupted in mid-September.
Prices are essential signals for coordinating the distribution of goods in an economy. Prices tell us where scarce resources are most needed. F. A. Hayek’s insights on this have been summarized by Peter Leeson:
Morgan Stanley: It's Fair To Say That The Market Rally Is Due To Fed's QE4Dec 16, 2019 - 12:37:37 PST
"It's fair to say that [the rally] may be more due to the balance sheet reversal [i.e. "NOT QE", also i.e., QE 4] than fundamentals since the real signs of bottoming have come from international PMIs rather than the US." - Michael Wilson
Gold prices act as a leading indication for lots of different things, and this chart shows how the movements of wheat futures prices tend to echo gold’s dance steps, with about a 15-month lag period.