Precious metals are apparently waking up. And here is where you can find the best deals.
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On Oct. 10, the IMF released its Global Financial Stability report, highlighting increased levels of risk revealed by a number of global metrics. Just after the report was released, stocks in the US, Europe and Asia lost 4%, 3% and 4% respectively over three days.As a recent investment update released by the World Gold Council points out, although stocks rebounded and regained some of those losses, the IMF report and subsequent market pullback "underline the relevance of holding gold in the near and long term."
Yesterday, the Hungarian central bank announced it recently boosted its gold reserves 10-fold.According to its website, the National Bank of Hungary (MNB) now owns 31.5 tons of gold, up from 3.1 tons. It was the first significant purchase of gold by Hungary since 1986.A statement by the bank said the increase in gold stocks was intended to increase financial stability and strengthen market confidence.
Gold was a little choppy overnight in a range of $1220.65 -$1228.30. It slipped to its $1220.65 low during Asian hours, fading a move up in the US dollar (DX from 95.05 - 95.26).
Sadly, with regard to the federal budget, policymakers seem to be in la-la land, a “euphoric dreamlike mental state detached from the harsher realities of life.”
Banks became a “Canary” at the 2007 highs, sending a caution message to the broad markets before it turned sharply lower. Are banks doing the same thing again this year?
Craig says it is not logical for gold to remain stuck near $1200 per ounce. Here's why...
FOMC Minutes confirm Powell's implicit "hike until you break something" approach...
As a flood of US debt washes over the globe, someone is buying. Here’s who.
Senate Majority Leader Mitch McConnell pinned the U.S.’s rising budget deficit on big federal spending programs and said the red ink is not a problem for only one party to solve.
TraderStef is bullish on gold in the near-term, and for many different reasons. See right here where TraderStef thinks gold is next headed to do battle...
Forecasts a decline of 40 percent against the euro by 2024. Here's why.
The researchers think the explosion could be a "kilonova". That is a bright flash of radioactive that flings out huge quantities of important elements like silver, gold, platinum and uranium.
The tide has turned: In the last week they have added 16.4 metric tons to their assets, the most since April, according to data compiled by Bloomberg.
Gold rose on Wednesday, rebounding from a key support level with technical momentum proving more influential than a stronger dollar & rallying stock markets.
Dollar's Reserve Status Slumps To 5 Year Lows.... Putting at risk the greenback that is still dominating the global currency reserves...
Weak home sales volume is a serious warning sign, writes Keith Jurow.
Gold & Silver Ready To Shine As Economic, Market, And Political Fundamentals WorsenOctober 17, 2018
SD Midweek: The illusion of sound fundamentals is breaking down around the globe and in the US. Here's what it means for gold & silver...
Stocks could see another swoosh before the market is able to build on, or even hold, this week's gains.
A recovery by global stocks proved short-lived as warnings over a slowing Europe...
After August's brief respite dead-cat-bounce, Housing starts resumed their collapse in September, slumping 5.3% (despite a downward revision to August's spike). Permits notably disappointed, dropping for the 5th month of the last six...