Precious metals are apparently waking up. And here is where you can find the best deals.
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Bond yields have room to catch up with inflation expectations, and that could spell pain for bond-market bulls, says CIBC’s Ian Pollick.
What happens to the gold price this week will likely set the trend for the foreseeable future. While many precious metals investors disregard technical analysis and key chart formations, you can bet your bottom dollar that large traders and institutions are watching the price action of the yellow metal quite carefully.
After breaking out of a five-year trading range, the price of gold surged above $1,400 an ounce last week for the first time since 2013 on expectations of a U.S. rate cut. The 10-year Treasury yield fell to around 2 percent, its lowest level since November 2016. Meanwhile, the pool of negative-yielding government bonds around the world hit a fresh record high of $13 trillion.
Gold surged to its highest level in nearly six years on Monday as the prospects of lower Federal Reserve rates and lingering geopolitical tensions between the U.S. and Iran made the precious metal more attractive to traders.
He isn’t the only billionaire hedge fund manager who thinks gold looks attractive right now...
The case "has strengthened" for more "accommodative" monetary policy...
Gold climbed on Monday as the dollar sagged, with bullion prices hemmed near a six-year high scaled in the previous session as tensions between the United States and Iran fuelled safe-haven buying.
"Policymakers seem to be purposely encouraging more risk-taking and asset inflation to better ensure the sustainability of the expansion, and help them achieve their mandated objectives on employment and inflation"
Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy.
Under a proposed new rule that could come into effect as early as next month, the US may impose punitive tariffs on any country it determines is manipulating its currency to make its products more competitive than American goods.
China's currency reserves ought to be increasing given its persistent trade surplus. They aren't due to capital flight.
Global Recession Starts...
A huge amount of government bonds are trading at negative rates, which means that holders expect to lose money, and yet they buy them. But this may not mean much: the level of interest rates seems to bear little influence over the economy. The shape of the yield curve is far more important.
The last glimmer of positive yields on German bonds is in danger of being snuffed out.
Echoes of that decade are getting uncomfortably loud as Trump imposes tariffs and the eurozone devalues its currency
"Trust the market. It wants a lot of rate cuts," Bianco Research's James Bianco says.
I believe an aggressive policy action such as this is required to re-anchor inflation expectations at our target.”
Of Asset Bubbles: Commercial Real Estate Prices Have Over Doubled Since Post Financial Crisis Low (Equity REITs Have Quadr
President Donald Trump denied that he’d threatened to demote Fed chief Jerome Powell but said he’d “be able to do that if I wanted.” The drumbeat for a Fed interest rate cut is getting louder, with one policy maker calling for a 50-basis-point reduction
In fact it’s not just China. Central banks generally have been diversifying their reserves away from US Treasuries. According to the World Gold Council they bought 145.5 tonnes of gold in the first quarter of this year, the most since 2013.