Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Federal Reserve Chairman Jerome Powell has become Pres. Donald Trump's favorite scapegoat. As "his" stock market gets more and more volatile, Trump needs somebody to blame — especially during election season. The Fed chair makes the perfect target.
On a day when the Nasdaq declined by 4.43% — its largest single-day decline in 7 years — the DX declined to 96.34, and gold was $1,233 bid at 4PM with a gain of $2.
Large Decline In The Stock Market Accompanied By A HUGE MOVE UP In Gold | Fund ManagerOctober 24, 2018
A "flight to safety" mindset will take over the market, fund manager Dave Kranzler tells Silver Doctors...
The data backs them up: For 2018, buying the dip has been a negative return strategy for the first time in 13 years.
Oct 24, 2018 - 11:25:53 PDT
"All in all, investors may want to consider the possibility of another earnings disappointment that leads to a reevaluation of the merits of paying some of the most ridiculous prices in history, especially at a time when liquidity is being withdrawn at an unprecedented rate."
"Is that the end of the deflation for 2018? Or is it, like August 2015, the transition from cursory warnings to more comprehensively negative signals? Systemic fear in sentiment eventually overcoming the mechanics of collateral in gold."
JPMorgan: $7.4 Trillion in Potential Panic Selling Pressure From Passive FundsOct 24, 2018 - 10:38:53 PDT
That's the thing about the past-decade rise of passive investing via index funds: it means people have bought the same stocks, over and over and over again, year after year. But it also means that should those investors panic sell in a downturn, they're all going to be selling the same stocks, and not gradually over time, but all at once.
Cost Inflation Hits a 5-Year High as Fed Gets More Ammunition for More Rate RaisesOct 24, 2018 - 09:57:27 PDT
Higher borrowing costs, tariff effects, skill shortages...."The resilience of the domestic economy in the face of trade worries, and the strong price pressures indicated by the survey data, will add to expectations that the Fed will hike rates again before the end of the year.”
Sentiment is the most important factor in the gold market. Here is why that is, and what sentiment is telling us about gold right now...
"The reason why the broader index has so far avoided a similar fate is because Apple, whose $1 trillion market value makes it by far the most heavily weighted stock within the S&P 500, has fallen only 4.6% from its October 3 record high. That has helped the S&P 500 itself stay out of correction territory."
"Remember this is the first month that takes the impact of the latest big spike in rates - not good! This is a disastrous print: August's 629k SAAR was revised drastically lower to 585k and September printed 553k (SAAR) massively missing expectations of 625k (SAAR)."
Lynette says it's all speeding up now, and if what's happening in the markets doesn't scare you into attention, you will go down with the ship. Here's more...
Oct 24, 2018 - 06:57:54 PDT
"Underwriters failed to fully sell at least 29 percent of company note offerings in September, twice the average over the past six months, according to information compiled by Bloomberg based on more than 400 interviews with investors, underwriters and issuers."
SD Midweek: Gold & silver continue to churn here, but there are plenty of reasons to think we may finally get that upside surprise. Here's an update...
Well Into Bear-Market Territory, Will China Contagion Drag World Markets Down With It?Oct 24, 2018 - 05:52:23 PDT
"Overall, the Shanghai Composite has lost 27% of its value since hitting a peak on Jan. 24, while the small-capitalization focused Shenzhen has declined by 34% since its late-January apex."
Oct 24, 2018 - 05:34:15 PDT
"Economists and officials this year have repeatedly warned against a rapid buildup of household debt, fueled partly by a boom of internet financial platforms that provide easy access to credit for people left out of the traditional bank lending system."
"Timothy Moe, co-head of Asia macro research, said the bank expects China’s currency to 'pop over' the psychological barrier of 7 per dollar, to reach 7.1 in the next six months."
Trump Ups Attacks on Powell, Wishes for Indefinite Zero-Interest-Rate PolicyOct 24, 2018 - 05:17:38 PDT
“I’m just saying this: I’m very unhappy with the Fed because Obama had zero interest rates,” Trump told the Journal on Tuesday. “Every time we do something great, he raises the interest rates, adding Powell “almost looks like he’s happy raising interest rates.”
"The most recently released CoT report showed aggressive short-covering in gold, with a record one-week amount of contracts bought. ‘Large specs’ tend to add to long positions and reduce shorts in uptrends while reducing long positions and increasing shorts in downtrends."
Stewart says gold blasted its way up and out of a pennant formation early this morning, and now it is time to buckle up for a golden ride. Here's an […]