Precious metals are apparently waking up. And here is where you can find the best deals.
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The Precious metals rally as the carnage in the global markets moves into high gear. As forecasted, the gold and silver prices have disconnected from the broader markets, IN A BIG WAY TODAY.
Gold and silver prices continue to push higher. They’re starting to get some attention from the mainstream, too. A new uptrend in gold is clearly underway, but silver’s performance has so far trailed gold’s. Let’s take a look at the price behavior over the past six-plus years of both metals to see if we can gain any insights about silver. I plotted the annual trading range of the gold price since 2013, when most traders indicate the bear market in precious metals began. I also listed the dollar amount of change between the high and low each year.
Gold and silver prices continue to push higher. They’re starting to get some attention from the mainstream, too. A new uptrend in gold is clearly underway, but silver’s performance has so far trailed gold’s. Let’s take a look at the price behavior over the past six-plus years of both metals to see if we can gain any insights about silver. I plotted the annual trading range of the gold price since 2013, when most traders indicate the bear market in precious metals began. I also listed the dollar amount of change between the high and low each year.
Halpenny of MUFG on the latest central bank rate cuts, & whether that's foreshadowing a global race to the bottom for bond yields.
As central banks around the world engage in unprecedented easing, negative yielding debt is ballooning, endangering global economy.
Gold At All-Time Highs In Foreign Currencies And With Little Resistance Until A $1550 US Dollar PriceAugust 7, 2019
Could this US dollar price rally go to $1700 in the near-term?
We have a bingo.
There’s a powerful constant amid the to-and-fro of the U.S.-China trade war as currency policy gets dragged into the standoff between the world’s two top economies: Beijing wants more gold in its reserves.China’s central bank expanded gold reserves again in July, pressing on with a run
"It's a bloodbath"... Time for an emergency rate-cut or two? And it better do it soon as the market is already pricing in more than 2 more cuts for 2019...
Peter Schiff: We Have Global Currency Weakness; They're All Losing Value When Priced in GoldAugust 7, 2019
Several currencies have been strong against the dollar over the last couple of days, but as Peter Schiff said in his podcast, the biggest gainer wasn't a currency at all. It was real money - gold.Gold hit six-year highs on Monday and set records in a number of currencies. It continued to move upward on Tuesday. Overnight, the yellow metal pushed briefly above $1,500.
"They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW," Trump said in a series of early morning tweets.
A host of global factors mean gold's price is set to maintain its strength at least for the next six to 12 months, according to an economist from a top Singapore bank.
Investors moved back into safe havens like gold, just as they did on Monday when stocks dropped the most they have in a single day all year. Gold reached a more than six-year high.
Top European banks warned of weaker earnings as escalating trade tensions take a toll on their clients and the prospect of lower interest rates erodes their main source of income.
Negative yielding debt has exceeded $15 trillion globally for the first time ever.This pile of negatively yielding paper includes government and corporate bonds, along with some euro junk bonds.WolfStreet called it a "race to hell."
The global bond market is sounding the alarm that things won’t be able to carry on much longer before a recession strikes.
“The continued plunge in production is scary,” Bankhaus Lampe economist Alexander Krueger said
Raising the question how much pain it can take before it is forced to act.The BOJ faces two market-driven problems as the U.S.-China trade war escalates -- a strengthening yen and sliding government bond yields.
Now it’s getting serious. As the trade war escalates further, the chances of a recession are rising.
invoking bad memories of the Great Recession, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year.