Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Echoes of 2008: Investors Flee From the Shakiest Leveraged Corporate LoansJan 30, 2019 - 05:46:39 PST
"Mutual funds that track debt to companies with weak balance sheets and poor credit have seen $18 billion in outflows over the past 10 weeks."
The Curious Case of the Russian Boeing 777 and 20 Tons of Venezuelan GoldJan 30, 2019 - 05:33:11 PST
Russia claims to have no idea what an empty Russian 777 is doing on the tarmac in Caracas. Venezuela's parliament stated that "a plane from Moscow arrived to Caracas to 'extract at least 20 tons of gold' - 20% of the bank’s holdings."
"Euro-area confidence extended its worst losing streak in a decade and Germany’s government added to the pain by slashing its forecast for the region’s largest economy."
Jan 30, 2019 - 05:19:38 PST
"Having identified seven different ways of accounting for monetary gold among 70 central banks, the WGC developed guidance to bring greater consistency to accounting practices."
"Here is the conundrum: If markets are right in concluding that the Federal Reserve is on hold, then one of three things has to be true, none of them obviously good for investors."
Moody's: A Second Government Shutdown Would Be Far More Damaging Than the FirstJan 30, 2019 - 05:05:22 PST
"If the government were to shut down again in less than three weeks, it would “complicate negotiations over the debt ceiling, kindling worries about the Treasury delaying its debt payments."
Stephen Roach: "Slump in Global Trade Is a Bigger Threat Than Markets Imagine"Jan 30, 2019 - 05:02:19 PST
"There is a distinct possibility that a turn in an already weakened trade cycle could spark a surprisingly swift deterioration in the global economy."
Jan 30, 2019 - 04:53:45 PST
"Rate hikes are on hold and the FOMC is preparing to end the shrinkage of the Fed’s system open market account (SOMA) portfolio."
"If you see equity, financial market volatility, indicating a degree of investor uncertainty, that would explain why gold has become more popular in the last couple of months."
Jan 30, 2019 - 04:41:24 PST
"China has said that the outflows of proceeds of corruption are severe enough to threaten its economy and its political stability."
There appears to be a renewed interest in the stockpiling of gold by sovereign nations, and thankfully, we have David to break-it down for us...
Keith says Modern Monetary Theory isn't an attempt to explain reality, but to deny reality, and the theory isn't even modern. Here's more...
Later in the afternoon, news that the UK Parliament rejected the amendment to extend article 50 sent the pound down to $1.3065 and lifted the DX to 95.86. Gold was $1,311 bid at 4PM with a gain of $8.
Sick of gold just sitting there when it was supposed to have made you rich long ago? If so, John says you're in good company. Here's what else John says...
Michael says we're not out of the woods yet, but Michael is also looking at $1375 and $1525 gold prices. Here's how we get there...
Harvey Organ: EXPECT THE Gold & Silver CROOKS TO DO THIS Until Noon On January 31stJanuary 29, 2019
Harvey has an important update explaining what is about to happen with gold & silver between now and 12:00 p.m. on Thursday...
"Home prices rose at the slowest annual pace since 2015 as more headwinds rocked the housing market."
Goldman Commodity Head Currie: Gold Is Top Pick Right Now, $1,450 TargetJan 29, 2019 - 06:03:41 PST
When asked what his current top commodity pick is, Global Head of Commodities Research in the Global Investment Research Division at Goldman Sachs Jeffrey Currie doesn't hesitate: "Long gold."
"A deteriorating economic backdrop and concerns about fallout from Brexit and global trade tensions has knocked both inflation and economic growth expectations."
Bitcoin investors are selling cryptocurrency and buying gold, according to a number of investment analysts."I do think that Bitcoin pulled a little bit of demand away from gold last year, in 2017," Jan Van Eck told CNBC's ETF Edge last week. "Interestingly, we just polled 4,000 bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to bitcoin and now it's going the other way."