Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals news
Mar 15, 2019 - 05:19:19 PDT
"The Bank of Japan’s two-decade journey from zero interest rates to massive asset purchases and negative rates demonstrates the huge damage that piles up when it drags on too long."
Jerome Powell: “We need to make sure inflation doesn’t keep slipping down toward zero, because then the central bank really does have less and less ability to react to downturns."
Jim Grant: Ivory-Tower Delusions About Rates and Inflation Threaten MarketsMar 15, 2019 - 05:06:58 PDT
"One of the clear and present risks in today's markets is the intellectuals, the ignorance that knows not it is ignorant."
With the Bolivar Now Worthless, Even the USD Sees Hyperinflation in VenezuelaMar 15, 2019 - 05:04:31 PDT
"Bags of ice cost a dollar the first day of the outage in Caracas or six dollars in Maracaibo, according to Reuters witnesses. A few days later the price in dollars had tripled."
The pound slipped to $1.3211 (EU now considering a long extension, adding to uncertainty), and pushed the DX up to 96.80. Gold was $1,296 bid at 4pm with a loss of $13.
"The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal."
David says the bad news is that the gold price is heading lower. How low will it go, and is there any good news? David has those answers and more...
"The second whammy is the FDIC report revealing that US banks reported $251 billion of “unrealized losses” on securities investments in 2018, the most since 2008."
Mar 14, 2019 - 10:28:55 PDT
"The Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie were placed into conservatorship with their regulator back in 2008 after housing prices declined and mortgage defaults spiked."
The Inexorable March: e-Commerce Ending Department Stores as We've Known ThemMar 14, 2019 - 09:27:41 PDT
Department store sales sink to a 26-year low as consumers purchase more and more online.
Longtime Stock Market Bull Richard Bernstein: It's Like March 2000 All Over AgainMar 14, 2019 - 09:07:03 PDT
"Plenty of pundits have compared the trading action in today’s market to the bursting of the dot-com bubble, but the latest Wall Street type to make that connection isn’t your typical broken-clock bear."
"New-home purchases are seen as a timelier barometer of the market, as they’re calculated when contracts are signed rather than when they close, like the previously-owned homes data."
Federal Reserve Interest Rate Holding Pattern Sets Stage for Inflation, Gold RallyMar 14, 2019 - 06:52:25 PDT
"A stable dollar, lower production costs and a neutral Fed should keep gold prices buoyed."
The Unvarnished Truth Is Too Painful to Sell, so Central Bankers Become StorytellersMar 14, 2019 - 06:20:54 PDT
"Poloz’s metaphors often have to do with unforeseen hardships when you’re on the way home -- sailors blown off course, or drivers caught in winter storms."
What is the biggest problem in the US economy? As Peter Schiff put it in a recent podcast, "The big, fat, ugly bubble is deflating and the air is coming out."And that is precisely why Peter thinks Jerome Powell recently appeared on 60 Minutes.This is part of a confidence road show - a dog and pony show."
Mar 14, 2019 - 05:34:14 PDT
"The Fed failed to arrest the development of two 50%-plus bear market disasters in the last two decades. In spite of all the interest rate manipulation, in spite of all the jawboning, stock prices were still cut in half."
Displaying behavior economists routinely called impossible just a handful of years ago, global investors are now lining up to pay for the privilege of investing their money in negative-yielding bonds.
“We’re making great deals, or we’re not going to make them at all. We’re going to go (with) tariffs,” Trump said Wednesday.
Switzerland, Already With Highest Debt to GDP in the World, Sees Economy Stall OutMar 14, 2019 - 05:12:30 PDT
"SECO sees expansion of 1.1% in 2019, down from 1.5% previously; government cites a ‘much gloomier’ outlook for Europe."
The world over, the story is the same. Untenable amounts of debt, increasingly less return for increasingly more aggressive stimulus and no long-term solutions in sight.