Precious metals are apparently waking up. And here is where you can find the best deals.
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James Anderson of SD Bullion joins Louis Cammarosano of Smaulgld to discuss some of the best selling precious metals products...
In the afternoon, equities rallied back to positive territory (S&P +2 to 2,706), and the 10-year bond yield slipped to 2.682%. The DX hovered around 95.60, and gold was $1,318 bid at 4PM with a loss of $2.
Gold & silver, after being pretty much ignored for the past few years, are now the shiny new toys of the investment world. John Rubino explains...
"...mainstream institutional managers are looking at gold and gold stocks. So that’s a big, big change."
"When the one-time emergency round of drugs didn’t cure the patient additional drugs were needed and turned the patient into a hopeless junkie."
"This alternative system will exclude the US and US dollars, finally creating a way for nations to trade and settle balance of payments without relying on portals such as SWIFT and Fedwire that are controlled by the US."
"They say a real gold bull market sees gold rising in all major currencies. The basket of items in the USD bear fund UDN fits the bill in giving a global view of gold’s bull move."
"The construction and education and health sectors also added to their big job gains for the year."
SRSrocco Offers Additional Perspective on Central Banks' 2018 Gold Buying BingeFeb 1, 2019 - 09:46:18 PST
"I believe central banks will continue to be net buyers of gold because it is one of the only assets that is not backed by debt, not the case with most assets like stocks, bonds, and real estate."
What do the central banks know that the mom-and-pop stock market buyers don't?
Would you pay $500 for a brownie?Now, before you answer rashly, let me tell you something important about this brownie.It's covered in 24-karat gold.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
Feb 1, 2019 - 06:24:16 PST
Afforded the opportunity to cash out of bolivars and into USDs en masse via online platform, the rush to the exits was so sharp that the everyday Venezuelan on the street could get a better rate than the big banks.
Feb 1, 2019 - 06:14:56 PST
"Italy cannot be locked up like Greece and Cypress, so the ECB is itself caught in a trap of perpetually buying Italian government debt because few else want that debt."
Feb 1, 2019 - 06:02:27 PST
"Is there any party (aside from central banks or central bank conduits) that could come up with such gargantuan quantities of dollars to yield so little and do it essentially without leverage?"
On Wednesday, the Fed removed the last significant headwinds for gold. Here's how, and here's what it means for the markets going forward...
Guardian: "World Bank and IMF are in Crisis. It's Time to Push a Radical New Vision"Feb 1, 2019 - 05:52:22 PST
"Jim Yong Kim, President of the World Bank, will step down on 1 February – his readiness to resign from the leadership of one the two most powerful international financial institutions is a worrying omen."
As the Fed Kowtows to the Market, Payrolls Soar, up for Record 100th Straight MonthFeb 1, 2019 - 05:46:13 PST
"It's official: January marked the record 100th consecutive month of consecutive job growth, and it did so in style, with the US adding a whopping 304K jobs last month."
How the Sausage Is Made: Bankers Package, Then Repackage, Super-Risky CLOsFeb 1, 2019 - 05:36:01 PST
Because when an article says that bankers are "innovating" with "creative structures" of high-risk debt, that means they're taking the two cheapest pork-sausage versions of debt they can find, mixing them both together, and trying to sell them as filet mignon.
"Italy’s GDP has shrunk for two quarters in a row, industrial production is down, and youth unemployment is up. Investors are rattled."