Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals news
Feb 20, 2019 - 05:43:26 PST
“This is a lesson to corporate banks. All of the banks responsible for this historic money-laundering scandal, not just Danske, must be investigated by regulators and held fully accountable.”
That's Not a Crash, THIS Is a Crash! Sydney, Melbourne Await "Housing Bloodbath"Feb 20, 2019 - 05:32:28 PST
"‘Let the bloodbath begin’: House prices in Sydney and Melbourne ‘could halve’ in worst crash since 1890s."
Forbes on the 'Be Careful What You Wish For' Dept.: "The Fed Owns This Stock Market"Feb 20, 2019 - 05:25:07 PST
"The market fell because of Fed tightening. Now in 2019, the economy is weaker, earnings are flat and, the stock market is unstoppable. The Fed owns this market and they know it."
Right after the last Federal Reserve Open Market Committee meeting, Peter Schiff said the "Powell Pause" won't be enough to save the stock market and head off a recession. He said ultimately, the central bank would have to cut interest rates and launch another round of quantitative easing.Well, it seems the mainstream is starting to catch up with Peter's thinking. Yesterday, Bloomberg ran an article asserting that "instead of pausing, the central bank may need to start cutting interest rates to avoid a recession."
Do You Really Know What Stocks, and How Much of Each, Your Index Fund Holds?Feb 20, 2019 - 05:16:59 PST
Index funds face almost no regulatory scrutiny and are widely trusted by investors to do what their marketing materials say they'll do. But a look under the hood of many of these track-the-market vehicles reveals unwelcome surprises.
Feb 20, 2019 - 05:02:10 PST
$1,370 or so has ended solid rallies 3x since July 2016, triggering retracements of at least 10% each time. But if gold can take out that resistance, the chart is wide open all the way to $1,775.
Feb 20, 2019 - 04:42:33 PST
"More massive than the US economy, the national debt hit a new record of $22 trillion under President Donald Trump but Republicans who traditionally rail against debt and deficits have remained mum."
Feb 20, 2019 - 04:26:00 PST
"The bottom line is that liquidity matters hugely, and modern financial systems cannot function without large central bank balance sheets."
Citi May End up as the Owner of $1B in Gold Venezuela Used as Collateral for CashFeb 20, 2019 - 04:22:15 PST
"Meanwhile, Abu Dhabi investment firm Noor Capital confirmed earlier this month that it bought 3 tons of gold from Venezuela’s central bank."
Hello Old Friend: Gold Nears $1350 Resistance (Which Has Repelled Gold 4 Times In 5 Years)February 19, 2019
The past 5 years have been baffling & demoralizing for gold bugs, but two new factors have swung in gold’s favor since the last failed attempt...
Oh the irony of a bank where "we're not allowed to accept gold to open a bank account". See the rest of the priceless reactions right here...
The 10-year bond yield edged up to 2.65%, while the DX clawed back to 96.55. Gold was $1,340 bid at 4PM with a gain of $14.
"Gold prices surged to their highest level in 10 months Tuesday, lifted by haven buying as investors monitored continuing trade talks and political uncertainty in Europe."
"Gold prices surged to their highest level in 10 months Tuesday, lifted by haven buying as investors monitored continuing trade talks and political uncertainty in Europe."
In addition to the breakout for gold stocks, the rise in the gold price above $1332 ushers in a new short-term target of $1355! Here are the details...
Keith says the gold price was previously higher due to speculators, but now the higher gold price is due to the buying of metal. Here's more...
"Japan is counting three lost decades after the home bubble burst. China could count many more, once its own home bubble bursts."
Serious auto-loan delinquencies are now on par with Q2 2009 when millions of people had lost their jobs and when the economy was in free-fall. But today unemployment is low and the economy appears to be humming. What gives?
"The signs are everywhere: credit exhaustion is global, and that means the global growth story is over: revenues and profits are all sliding as lending dries up and defaults pile up."
After his brief acting role as a tough-talking, independent, un-influenceable policy wonk, Jerome Powell's Fed deteriorated into a stock market bubble-maintenance lackey practically overnight.