Gold, Treasuries, European bonds advance; yen gains
Join Mike Maloney in this Insider Update as he investigates the latest unprecedented situation presented by the silver COT report. You’ll also learn what Mike’s latest investment moves have been in regards to precious metals and cryptocurrencies.
A break-out above the key resistance of $1370 could usher in a new era of institutional enthusiasm. Here's more...
"governments and central banks were using their power of infinite money creation to dump many more unbacked paper claims on the gold market to..."
"2018 will be the year that investors started switching from building wealth to protecting wealth. Unfortunately, those who make this..."
Gold was modestly lower overnight, consolidating after yesterday’s $16 gain in a relatively narrow range of $1336.20 - $1342.65.
After rallying on Friday, stocks tanked on Monday, dropping over 450 points. In fact, it was the worst first day of the second quarter since the Great Depression.Most analysts blamed the plunge on the escalating trade war, but Peter Schiff has a different take. He said it was just another bad day in a bear market. In fact, he said the market could have rallied because the Chinese response wasn't as bad as it could have been. But when you're in a bear market, all news is bad news.
The trade war is heating up. Could it jump-start a breakout in gold?Some analysts think so.China fired a salvo in what could become a full-blown trade war on Monday. The Asian nation slapped tariffs of up to 25% on 128 US products including frozen pork, wine and steel pipes in retaliation for US tariffs levied on Chinese steel and aluminum.
For those looking into VIX contracts to bet on the future of stock swings, now may be a good time. While the Cboe Volatility Index has doubled this year, a gauge tracking the cost of its options has climbed much less. The Cboe VVIX Index is now at its lowest level since 2016 relative to the…
In an effort to offer a more transparent alternative to U.S. dollar Libor, the New York Federal Reserve released its first Secured Overnight Financing Rate (SOFR) Tuesday. SOFR opened at 1.80. Considerably lower than either the ICE Libor 1 month or 3 month rates. The Secured Overnight Financing Rate (SOFR) is a broad measure…
Such As Small Banks (Puerto Rico Analogy). Investors in Puerto Rico municipal debt just scored a windfall gain as Puerto Rican muni prices soared on more funds being available to pay creditors. Media attention was sometimes skewed in the "poor Puerto Rico versus large, hedge funds that were muni investors" narrative. A similar skewed narrative happened with regard to the placing of Fannie…
"Only 8% of the time in the past has the stock market in the United States been as richly priced as it is today."
"The Fed wants to keep markets in check. Posturing is the best tool it has right now."
"The beginning of the end for The Everything Bubble."
Gold & silver have been range bound for what seems like forever, but that just means the upside potential is that much higher. Here's the details...
In a near-ZIRP world, US corporations can't help but overfeed at the debt trough.
They say that goldfish have the shortest memory in the Animal Kingdom… something like 3-seconds. But it turns out this isn’t actually true. Researchers at the Israeli Technion Institute of Technology…
The more short-sighted and detrimental to the US dollar that policy decisions become, the more bullish for the gold price.
"Fed Chairman Jay Powell does not pay attention to monetary data, and could be caught badly off guard."
Sweden’s central bank governor has called for public control over its payment system. Others say a fully digital system is vulnerable to fraud and attack