Precious metals are apparently waking up. And here is where you can find the best deals.
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Even as the Bloomberg dollar index is plunging, the offshore yuan is plunging even more.
Here's a tip for you.If some guy comes up to you in a gas station parking lot and tries to sell you gold, don't buy it.Seriously. Just say, "No!"
Gold gained on Friday following Federal Reserve chairman Jerome Powell's speech.
Stocks fell to their lows of the day on Friday after Donald Trump ordered in a series tweets that U.S. companies find alternatives to their operations in China.
"As usual, the Fed did NOTHING! It is incredible that they can “speak” without knowing or asking what I am doing, which will be announced shortly."
Powell will be more hawkish than markets are anticipating, and that that's not good news for gold bulls. Here's why...
"There are no recent precedents to guide any policy response to the current situation."
Federal Reserve Chair Jerome Powell speaks at 10 a.m. ET.
This week has been relatively quiet in the markets. Gold has drifted up and down as traders wait to see what kind of message Fed Chair Jerome Powell will deliver during his Jackson Hole speech. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some tidbits of news and speculates about what Powell will say. Then he pivots and talks a little bit about President Trump and the strange economic tightrope that he’s trying to walk.
The Insignia analyst said yields could be a big catalyst for gold in this environment. “If bond yields does not rise and/or remains near zero, then gold prices will rise to $1528 and $1542,” he said.
There are many things he could say. There is little that he will say. There are things he definitely won’t say.
Federal Reserve Chair Jerome Powell speaks at 10 a.m. ET. Morgan Stanley warn that all the anticipation could lead to disappointment.
White House Has Discussed a Fed Governor Rotation to Curb Powell's PowerAug 23, 2019 - 05:45:42 PDT
Ideas include a rotation of Federal Reserve governors that would make it easier to curb Powell's power, according to the Washington Post.
The Fed's James Bullard says the central bank should continue to ease monetary policy because of the recession signal being flashed by the bond market.
First they came for central banks, then they came for government bonds, then they came for rich depositors. Then they came for me. Negative interest rates are coming for us all, in one form or another, as central banks redouble their efforts to avert a global economic slowdown...
Two of the world’s most powerful central bankers facing deep policy challenges won’t be attending the Federal Reserve’s annual conference in Jackson Hole this week.C
Harvard's Carmen Reinhart Warns Hong Kong Could Trigger Global RecessionAug 23, 2019 - 05:31:50 PDT
Hong Kong’s rolling political turmoil could prove a tipping point for the world economy, Harvard University economist Carmen Reinhart said.Noting an incidence of shocks that have rattled...
The market is very short and that is naturally going to make the market very sensitive to any news...
Central banks and the financial system are set to face some substantial challenges in the years ahead.
Dark Future for Euro Area, Nearly All Swiss Corporate Yields Go NegativeAug 23, 2019 - 05:18:23 PDT
If you think credit markets in Europe couldn’t look more forbidding, think again.Just look at Switzerland. Companies there entered the $16 trillion labyrinth of global negative yielding debt back in 2015. With almost all high-grade corporate bonds in Swiss francs now offering below-zero