Precious metals are apparently waking up. And here is where you can find the best deals.
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“The bank could face a world in which it gets penalized out of existence,' said David Zaring, Wharton professor of legal studies and business ethics. He noted that Deutsche Bank has a history of scandals involving regulatory transgressions. 'It just pays fines all the time.”
After Massive Stimulus That Has Failed to Stimulate, EU Has No Easy AnswersDec 5, 2018 - 05:04:30 PST
"The ECB will have a difficult task over the next couple of years: dialing back its unprecedented stimulus without hurting a banking sector still deeply divided along national lines."
Dec 5, 2018 - 05:00:04 PST
"As of November, the bank's average gold purchase price was 100,995.34 Mongolian tugriks (about 38 U.S. dollars) per gram. The bank, which bought 20.01 tons of gold last year, has set a goal to buy 22 tons of gold by the end of this year."
"Since consumption tax was raised to 8%, gold smuggling into Japan has been increasing. Will the October 2019 hike to 10% bring even more smuggling?"
We talk a lot about bubbles in the economy.Over the last few weeks, we've discussed the stock market bubble, the housing bubble, the auto bubble and the debt bubble.Nick Giambruno simplifies things in an article he recently wrote for the International Man. He just calls it the "everything bubble." And he says it will pop in the near future thanks to the Federal Reserve.
Silicon Valley/San Francisco Housing Markets Inventory Increases 102% in a YearDec 5, 2018 - 04:19:23 PST
"When inventories are piling up because sales are slowing, sellers have to figure out where the market is, and the market is where the buyers are, but buyers have become listless and refuse to participate in bidding wars. In November, the number of properties on the market with price cuts skyrocketed by over 400% year over year."
"The Office of the Comptroller of the Currency cautioned in its Semiannual Risk Perspective released Monday that it’s looking at “transactions with increasing leverage, weaker capital structures, and looser credit agreements.”
The Same Rate Inversion That Just Happened Preceded the Last Three RecessionsDec 5, 2018 - 04:12:50 PST
"Bespoke studied what happens when short-term interest rates rise above longer-term rates and found that when the 3-year and 5-year spread inverts, as it did Monday, other spreads soon follow, and so does a recession."
Another day, another conflicting statement about what the Fed should do with rates going forward. As is said about weather in New England: If you don't like the Fed's stance on rates, just wait 5 minutes.
On that fabulous note, please check out the spectacular price action on this daily gold chart as Stewart breaks-it all down for us...
There are finally some encouraging signs with gold that the next pop could be a good ride up to nearly $1260. Here are the details...
"So my investment of $717 pesos, made 46 years ago, has turned into...today. Looks like a good investment."
The big question on the minds of most investors is what will happen to the markets and precious metals in 2019. Well, the answer depends mainly on two factors, the oil price and overall weakness in the economy. If the oil price continues to decline, it will indicate a deflationary outcome for the economy and...
On a day when US stock markets fell sharply, with the Dow off almost 800 points, the US 10-year yield recovered to 2.928%, while the DX clawed back to 96.98. Gold was $1,238 bid at 4PM with a gain of $7.
"The dollar, which started the week on a weak footing as a thaw in trade tensions between Washington and Beijing sapped demand for the safe-haven greenback, extended its fall as investors fretted about an inversion of the short end of the U.S. yield curve in bond markets."
There is currently a truce in the trade war between the US and China, but Jim says the truce won't last. Here's why not, and what it means for gold...
The Secret Ingredient in the 10-Minute Universal Cancer Screening Test Is GoldDec 4, 2018 - 10:02:31 PST
"Researchers from the University of Queensland have invented a new super-quick test for cancer containing gold...and it's likely to be cheaper than other similar tests."
"As of Tuesday morning, the yield on the benchmark 2-year Treasury note hovered at 2.821 percent, above the yield on the 5-year note at 2.811 percent."
"The rapid decline of US oil prices will test the claim of fracking companies that they can prosper at $50 a barrel or less, a price level they have found challenging in the past."
"That was the second straight quarter in which Chinese were net sellers of U.S. commercial real estate. The second quarter marked the first time these investors sold more U.S. property than they bought during a quarter since 2008."