Precious metals are apparently waking up. And here is where you can find the best deals.
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Traders are now pricing in two more interest rate cuts by year’s end, and are increasing bets the Fed will need to ease policy further next year to offset risks from the escalating trade war.
Fed chair Jerome Powell has pivoted to warn of the dangers of weak inflation.
The world’s stockpile of negative-yielding bonds notched another remarkable record.The Federal Reserve’s rate cut helped swell the total of all debt with sub-zero yields to more than $14 trillion for
"... on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country "
....Powell will have no choice but to eventually cut to 0% (and lower).
The market is betting inflation will be much lower than the Fed expects, and that will force policymakers to keep cutting rates.
While there are many in the media touting “the strongest economy ever” since Trump took office, a quick look at a chart should quickly put that claim to rest...
In the big picture, both fundamentally and technically, the bulls clearly have not just the edge, but a mighty wind at their backs...
Gold prices are positioned to rise in the current market environment on two separate drivers, both as a currency & a commodity
If a global recession were to start, central banks would be in weakened positions to fight it because of all the easy monetary policies.
Central Banks Still On Gold Buying Frenzy, But "Bar & Coin Investment" Plunge Indicates Still No Love From John Q. PublicAugust 1, 2019
While it is no surprise that central banks still have gold fever, the (lack of) interest in bars & coins is quite telling...
“Employment is now also falling for only the second time in almost ten years as factories pull back on hiring amid the growing uncertainty...US manufacturing has entered into its sharpest downturn since 2009."
Central banks continued to load up on gold in the first half, helping push total bullion demand to a three-year high, according to the World Gold Council.Nations added 374.1 tons in the first six months as Russia and China kept building reserves and Poland made a massive purchase.
The Federal Reserve cut interest rates for the first time in over a decade Wednesday. And Jerome Powell left the door open for future cuts.Peter Schiff broke it all down on his most recent podcast, saying this is the first interest rate cut on the short road to zero.
We've reported extensively on the central bank gold-buying spree that has been going on for nearly two years. Russia and China have led the way, along with several other countries including Turkey, Kazakstan, India and Poland.Central banks are buying gold to diversify reserves and minimize exposure to the dollar. This has been the mainstream narrative and it's true. But China and Russia have a bigger geopolitical objective. They want to undermine dollar hegemony and reduce the United States' ability to weaponize the dollar as a foreign policy tool.
The "Ponzi Finance" phase of the US "Minsky Moment" cycle begins some time in 2024. It's all downhill from there.
Fed Chairman Powell gave the markets some of what they wanted, a rate cut and the commitment for more if necessary.
Argentina’s crisis is cyclical, making it “unbearable,” he said. “There’s always another crisis coming.”
...caution prevailed over prospective further dovish approach by key global central banks and their Asian counterparts.
“More signs that the manufacturing downturn has now become deeply rooted was apparent in prices data,” said IHS Markit’s Hayes.