Precious metals are apparently waking up. And here is where you can find the best deals.
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The second richest man in Egypt has put half of his $5.7 billion net worth in gold.During an interview with Bloomberg, Naguib Sawiris said he expects gold to rally above $1,800 per ounce as "overvalued" stock markets crash.
The US government has hit borrowing levels not seen since the peak of the financial crisis.The US Treasury's net borrowing totaled $488 billion from January through March, according to a statement released Monday. That was $47 billion more than the department's estimate. It was also a record for first quarter borrowing, according to Bloomberg.
he FOMC's two-day meeting followed the release of data Monday that showed inflation measured by the central bank's preferred gauge had hit its 2 percent target after being below that…
The Dollar Index has erased its early gains following The Fed statement, and Gold is surging (stocks and bonds fading to unchanged) apparently signaling a dovish take (removed economic growth sentence)...
More schizophrenia from the Fed which is hawkishly monitoring rising inflation yet dovishly aware of a slowdown in the economy's growth.
"The fundamental reason is that we've had too much printing of money — especially since 1971, especially with the QE."
Hard to get excited, especially after the relentless smashings, but gold & silver are reacting favorably to the FOMC statement. Here's an update...
After having fallen in 8 of the past 10 sessions ($54), gold rebounded last night in a range of $1304.55 - $1312.
Steve St. Angelo joins Silver Doctors to discuss this latest sell-off in gold & silver. Have the metals bottomed? Here's Steve's take...
The mortgage lending industry is once again ... slipping into darkness. Like the run-up to the financial crisis, we are seeing an increasing trend towards non-bank lenders dominating the mortgage market. To the tune of almost 65%. Yes, lenders certainly spilled the wine during the 2000s with its move to non-bank lenders like New Century Financial.…
Temperatures are rising along the U.S. East Coast, but demand for the dollar is about to cool, according to a list of 12 summer macro trade ideas from Nomura Holdings Inc.
Dismal US Mint Gold Sales And Collapsing Mining Output Tell Us The Perfect Storm Is FormingMay 2, 2018
Two forces are indicating higher gold & silver prices. Contrarians and value investors may want to have a look at the radar right about now...
Nenner: This is why they urgently need this inflation. So, the value of the money goes down, & you have to pay off less
What we are seeing in Puerto Rico is symptomatic of what could happen in the wider world.
GDX/GLD ratio showing strength against GDX=bullish for both gold & gold stocks. $gdx $gdxj $gold $gld $xau
"The catalyst I believe will come from continuing increases in interest rates. The Fed is definitely moving in that direction," he said. "When the Fed moves, everybody else has got to move in that direction."
Greg Lippmann, who helped design the trade against subprime mortgages that became known as the Big Short, says the next financial tremors will come from corporate debt.
- Launches 2-Month Bill. While traditionally a snoozer, this morning's Treasury's refunding announcement was closely watched for details on how the US Treasury's plans to fund its soaring budget deficit in the coming quarters. And, as expected, there was one big surprise.
“It’s the economic equivalent of flat-earth trade policy.”
"The debt burden has grown since 2004 at a rate four times faster than the economy, according to the Federal Reserve."