Precious metals are apparently waking up. And here is where you can find the best deals.
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"In March, treasury deposits at the Fed hit a 15-month high, rising to 273 billion."
Hourly Earnings Miss As Unemployment Rate Hits Record Low 3.9%. Is the Fed's rate-hike cycle over?
Fed talks about, but doesn't raise rates, and Bank of England leads central bank policy retreat
"The Fed is in a difficult position as it balances the dual mandate of having stables prices and maximum employment."
Um ... Who Remembers 2008?
China plans to open more of its futures contracts to foreign investors, a senior official said on Friday, as Beijing launched its "internationalised" iron ore contract, part of a bid to boost its sway over pricing of major commodity imports.
Two days of trade discussions ended in Beijing with the U.S. and China agreeing to disagree.
Gold prices were little changed on Friday as investors awaited key U.S. jobs data due later in the day, while the dollar held steady after declining from 2018 highs hit earlier this week.
World stocks were set for their biggest weekly loss since the middle of March on Friday, while the dollar hovered near highs hit on its recent rally as investors awaited jobs data from the United States.
"The Fed and Central Banks have funneled investors into Stocks, Bonds, and Real Estate. It’s that simple. If we look at the..."
The DX bounced to 92.47, and gold was $1312 bid at 4PM with a gain of $6.
The US economy is now technically in the second-longest recovery in history. If it continues another 14 months, it will eclipse the longest recovery, which took place in the 1990s.As Peter Schiff pointed out in his latest podcast, the Federal Reserve pulled out all the stops in the 1990s to keep the recovery going. That set the stage for the dot-com crash and ultimately the Great Recession.Now the Fed is doing it again.
The World Gold Council described overall demand for gold as "soft" in its Global Demand Trends Q1 2018 report. Global demand was down 7% year-on-year.The WGC said the drop was primarily due to weak investment demand. Investors added to their holdings of gold coins and bars, as well as gold-backed ETFs, but at a slower pace than Q1 2017.There were some bright spots in the report. Gold demand in the technology sector marked its sixth consecutive quarterly gain. Jewelry demand held steady. And not all investors are spurning the yellow metal.
China has significantly boosted oil imports from Russia, while the latter has been selling less crude to Europe. An analyst told RT that Beijing has become a more preferable partner in the oil trade for Moscow.
Maybe the Libor-OIS, credit/liquidity issues mattered after all...
The numbers on the US Debt Clock are spinning at a dazzling pace. US government debt is now over $21 trillion, $174 thousand per taxpayer. Add another $3 trillion for debts of state and local government on the stack....
There is no globally synchronized growth, and funding markets appear well into a process for adjusting toward that very direction.
"That should mean an up move is coming for these precious metals’ prices."
Jim says the progress is not visible to most observers, but thankfully, Jim provides us an update on the progress. Here's the details...
"We believe a 2-3 percent real yield is closer to fair value. Tack on another 2.5 percent for inflation and that gets the 10-year to at least 4 1/2 percent."