Precious metals are apparently waking up. And here is where you can find the best deals.
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"This gold reserve data – compiled using IMF IFS statistics – tracks central banks’ reported purchases and sales along with gold as a percentage of their foreign exchange reserves."
Mar 12, 2019 - 04:55:47 PDT
"The Fed is no different than your average politician. It takes full credit when things go well, but endlessly deflects and blames outside forces when things fall apart."
"Earnings revision breadth has been some of the worst we have ever witnessed with both sales and margin guidance coming down across all sectors."
After a Quarter-Century of Stimulus, Business Conditions in Japan "Worst in Years"Mar 12, 2019 - 04:42:33 PDT
"The Finance Ministry’s quarterly business survey, released Tuesday, showed a reading of minus 7.3 for conditions among Japan’s largest manufacturers, the worst result since the second quarter of 2016."
Today brings news of the latest federal budget proposal, a $4.75T presidential wishlist doomed to defeated in the House that spends money we don’t have. In this video, Mike Maloney explores the impending debt crisis and what it means to you.
China will likely surpass the US in global leadership over the 10 years, which means big changes are coming to the price of gold and the dollar's value...
Barrick’s acquisition of Randgold and its attempt to acquire Newmont signal both “peak gold” and much higher gold prices. Dave Kranzler explains...
"...illicit and unnatural supply of paper gold...has the uncanny ability to affect the fortunes of millions upon millions of retail and institutional investors..."
There's been a hidden decline in the gold mining industry over the past several decades, and Steve St. Angelo brings it to light in this must read article...
The 10-year yield edged up to 2.643%, and the DX recovered to 97.31. Gold took out its overnight low at $1,294 to reach $1,291 - however, some bargain hunting buying brought the market back to $1,293.50.
"The gold price itself is a powerful leading indicator about other markets. Gold’s recent rise says that central banks will keep interest rates on hold or even lower them later this year."
Mar 11, 2019 - 11:44:32 PDT
"The Indian central bank may soon edge out its counterpart in the Netherlands from the Top 10 list, as latter's holding has largely remained unchanged in a decade."
"The president’s budget request for the 2020 fiscal year has little chance of becoming law because Congress control spending, and Democrats control the House."
SRSrocco: "The Hidden Decline Of The Gold Mining Industry That No One Is Talking About"Mar 11, 2019 - 07:48:33 PDT
"The information in this article will reveal an industry that is being devasted by the slow and agonizing impacts of the Falling EROI – Energy Returned On Investment."
Chris says a big move higher is coming, but gold's move lower isn't done yet. Here are the price levels Chris is watching for gold's true bottom...
Barrick's 5-Year Quest to Acquire Newmont Ends Yet Again; JV Announced in NevadaMar 11, 2019 - 06:37:57 PDT
"Barrick Gold withdrew its $18 billion bid for its biggest rival Newmont Mining, ending a hostile and bitter takeover effort that sought to unite the world’s two biggest gold producers."
Mar 11, 2019 - 06:29:49 PDT
"Note that the US MOVE 3-month estimate hit a low in May 2007, just ahead of The Great Recession of 2007-2009."
Mar 11, 2019 - 06:28:43 PDT
European bond volatility (according to the Merrill Lynch 3-month EUR option volatility estimate) has plunged to the lowest level on record. A similar chart for the US bond market is the Merrill Lyn…
19 Days From Total-Chaos, No-Deal Brexit, Push to Keep UK in Eurozone IntensifiesMar 11, 2019 - 06:22:52 PDT
"Brexit could be reversed if lawmakers reject the government's exit deal, British foreign minister Jeremy Hunt said on Sunday."
Mar 11, 2019 - 06:16:27 PDT
"Despite a contract that prohibits MGM from using robots to displace workers," MGM is seeking to use robots to displace workers.