Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Gold rallied overnight in a range of $1331.80 - $1343.15. It took out resistance at the triple top at $1341 to propel it to its high, fading a softer dollar (DX from 89.87- 89.54).
"A slow economy, massive debt and record high stock, bond, and real estate valuations will slam into three to four more Fed Fund rate hikes and $600 billion worth of central bank sales; it will engender a crash much worse than the 12% debacle suffered during early February. It should resemble the 23% plunge in 1987 and start down from there."
"The dollar’s value depends massively on its use as an oil trade vehicle. When that goes away, we will likely see a strong and steady decline in the dollar’s value."
Bullion gained midweek as the Federal Reserve stuck with plans to raise rates only three times this year.
Eric says gold is setting the record straight: Price has gone up for two years now, and gold is about to launch even higher and loftier. Here's why...
(Despite Population Growth). New home sales for February fell a meager -0.6% MoM (essentially flat) to 618k units SAAR. Too bad new homes sales are only at 1995 levels, despite a large population increase from 1994 to today. T…
Reflation, wages, superior US growth and ”synchronized” global growth are illussions
This is pretty amazing: The three men who helped shepherd the U.S. through the 2008 Great Recession are worried that the country and Congress have not learned the right lessons from the last financial crisis — and may not have the tools to weather the next one. In a joint interview with Marketplace on March…Read More
Yesterday's dead-cat-bounce in the dollar - post-trade-war - is over as the dollar index tumbles to fresh lows, sparking a bid in precious metals with gold above $1350 at 6-week highs...
Hackers demanding ransom payable in bitcoin have attacked computers of the Atlanta city government in the southern US state of Georgia, officials say. The ransomware assault shut down multiple internal and external applications for the city, including apps that people use to pay bills and access court-related
"So the trade war is going to ratchet up and get much more intense. Wall Street has its head in the sand. This trade war is not going away anytime soon. It will last for years, likely intensify and be a major headwind for stock prices."
After unleashing the first shots in the global trade war, and facing some retaliation from China tonight, President Trump has decided to exclude multiple nations (and The EU) from steel and aluminum tariffs through May 1st.
"You could call this sheer madness and be done with it because whole ordeal amounts to Fake Monetary Policy."
This is a new all-time high.
The Senate voted narrowly to avert a government shutdown by passing a $1.3 trillion spending bill that increases military and domestic spending and strengthens background checks for gun buyers. The House approved the bill Thursday, and White House budget director Mick Mulvaney told reporters that Trump would sign the measure, saying it funds his priorities.
European shares fall after a huge sell-off overnight in Asia, reflecting investor fears over US-China tit-for-tat measures. Follow all the action here
Lynette says there's no other option than to reset the global monetary system to gold, and the price is going to be reset very high. Here's the details...
Most investors are familiar with the relationship between the U.S. Dollar and Gold. Gold bulls like a weaker U.S. Dollar as it provides a tailwind for precious metals.
This cartoon describes the looming meltdown.
"For the past 30 years fiscal deficits have been a big financial nothingburger because the Fed and other central banks gutted their sting. They drastically and dangerously falsified the market for government finance by weaning politicians off the one element that kept modern Big Government fiscally contained."