Precious metals are apparently waking up. And here is where you can find the best deals.
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A Pakistani man decided he wanted to make a big splash at his wedding, so he took pimping to the next level. He wore a gold suit complete with gold shoes and a gold tie.I don't mean gold-colored shoes and a gold-colored tie. I mean literally gold shoes and a gold tie - as in made out of gold.
There are some troubling signs for the economy in the bond market. Yield curves are going flat.On Wednesday, the yield curve from 5 to 30 year bonds flattened to as little as 29 basis points. That represents the narrowest spread since 2007. The yield curve between 2-year and 10-year Treasuries also narrowed, touching 41 basis points, also the smallest gap since before the financial crisis. Investors extending to 10 years from 7 pick up just 4.3 basis points, less than a quarter of what they got a year ago, according to Bloomberg.So, what does this mean?
The Silver Market is setting up for one heck of a move higher as investors are waiting for the signal to start buying. While the silver price has shot up due recently, it still isn’t clear if this is the beginning of a longer-term uptrend. The reason for the quick spike in silver was likely...
Gold drifted lower, but support at $1335 held once again. It was $1336 bid at 4PM with a loss of $9.
"The bottom line is gold is nearing a major bull breakout above $1365. That will turn psychology bullish and bring traders back in droves."
Gold continues to take flight out of US possession as repatriation continues.
"Actual GDP has declined an average 7.45% each year since 2007."
"It is not possible to alter the facts of reality by means of expectations. The damage that was done cannot be undone by means of expectations and perceptions."
Gold & foreign currencies are insurance. Like helmets, you don’t need them – until you do! Then you’re doggone glad you have the protection.
The first delivery of Iranian crude oil to Russia under the oil-for-goods program has been completed and the sides aim to extend the deal for five years, according to Russian Energy Ministry Aleksandr Novak.
Even modest price increases could compel the central bank to raise rates faster.
"Chapter 11 bankruptcies spiked 63% in March from a year ago and have hit the highest level since April 2011."
Government central planners at the Federal Reserve, & everywhere else, all suffer from “physics envy.”
The 30Y-10Y slope is at 18.65 BPS & is rapidly approaching inversion as it has prior to previous recessions.
(Mutalization of Risk Among Investors, Just Not The Federal Government)....
Federal mortgage giants Fannie Mae and Freddie Mac remain in conservatorship with their regulator FHFA since September 6, 2008. Come September, this will represent ten years in conservatorship. Wi…
Eric Sprott: "I Can See There's A Bit Of A Tightness Showing Up In All Of The Metals"April 20, 2018
Eric says if the longs decide they would rather have their metal, things could erupt because the shorts have sold metal that doesn't even exist. Here's an update...
"A breakout here would spring silver much higher, and likely carry gold with it."
Frank explains how rising inflation, which he believes is currently understated, has historically been a catalyst for higher bullion prices.
"The problem facing investors currently is a willful blindness to changes in the economic fabric."