Precious metals are apparently waking up. And here is where you can find the best deals.
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“In this presentation made in Vancouver, Jeff explains why he believes gold & silver will be the next big financial bubble”
The central planners at The Fed released their most recent minutes, & guess what they want? Higher prices!
Fragile economies, fragile bank balance...
An erosion of public trust in institutions could threaten the independence of central banks and requires greater transparency from policy makers following the 2008 financial crisis, Fed Chairman Jerome Powell said.
"As we head into a long holiday weekend in the U.S., gold and silver are up—but what a tumultuous week it’s been."
The threat of trade protectionism is the biggest concern looming over a solid upswing in the global economy, IMF Managing Director Christine Lagarde said.
"We have a lot of data to support the claim that the Axis of Gold exists and is gaining strength."
Gold prices fight to advance in early Friday trade, with investors watching whether the commodity can defend a key psychologically trend line above $1,300, as a strengthening dollar and an ease in geopolitical tensions weighs on bullion.
Risks in Italy are weighing on the Euro but not as much as would be expected perhaps
"Raising the interest rate will not help the problem, yet keeping rates low only encourages more eventually unserviceable debt."
"On the day President Franklin Roosevelt announced that the U.S. government would buy gold at above world-market prices — Oct. 22, 1933 — the official price of the metal was still $20.67 per ounce."
- among funds holding the lowest net-long in ten months $ some 2/3 below the five-year average
"After successfully launching a yuan-denominated gold futures contract last year, the LME is now preparing to issue a range of yuan-denominated metals futures."
Gold prices just had their best day in more than a month as renewed tensions with North Korea pushed investors into less risky assets. Trying times call for the safety trade, says one market watcher.
"The average single-family home in the United States would have more than a kilogram of silver on its roof to go solar.'
"Looking at the 2 n’ 10 Rule – the spread between the 2-year and 10-year rates – we still see the spread at its tightest since the 2008 recession. And today there is only a 0.46 spread between the two rates – and it’s closing in on negative."
That’s the lowest level since before the financial crisis, when the CRP touched negative 420 basis points in June 2007, at the height of the froth in the global debt market.
The U.S. Fed could no longer need to raise interest rates any further sometime in 2019, Philadelphia Fed President Patrick Harker said on Thursday.
RBA Governor Phil Lowe has outlined the debt risks faced by China, highlighting the rapid buildup in debt since 2009 and its opaque financial system.
Read more at https://www.businessinsider.com.au/rba-lays-out-the-risks-of-chinas-debt-bomb-2018-5#CdJZGX17bW2LW8L0.99
Playing Poker Against the Free Market, Fed Is About to Call Its Own BluffMay 25, 2018 - 05:30:16 PDT
"This rate hike cycle has been the slowest since 1977, yet the rhetoric has been the most hawkish since 2006."