Precious metals are apparently waking up. And here is where you can find the best deals.
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The central bank has created enough money out of thin air to purchase bonds with no consideration for price to grow its balance sheet, i.e. investment portfolio, by nearly €2 trillion.
China's central bank on Thursday nudged up money market rates as authorities sought to defuse financial risks without imperiling the economy
Its price has jumped to 20,000 bolivars* from 1,100 bolivars over the past 12 months, an increase of 1,618 percent.
The outlook for the dollar has taken a hit over the past 24 hours and now seems to be at a near-term crossroads and inflation could be the driver.
It was the inflation projections that were more interesting especially after the Fed yesterday kept its own inflation forecasts unchanged despite tax reform.
Charles Hugh Smith talks about the disparity in the government’s CPI index that states the cost of living is less than 2% per year when the reality is different.
Consequently, debt levels are high and asset prices are stretched. A sudden pickup in inflation would send the global economy into a tailspin.
It is central bank week, with the Federal Reserve, the European Central Bank and the Bank of England all meeting to decide on interest rates. Writing ahead of the statements there is always a danger of misjudging their response, but it is very clear what the markets expect.
The Bank of England's voted 9-0 on Thursday to hold its monetary policy as markets look for hints of future rate rises
Having faced five years of anemic inflation, the ECB has deployed its entire policy arsenal, cutting rates into negative territory, giving banks cheap loans and hoovering up bonds, all in the hope of boosting growth and rekindling inflation.
The US federal government is spending money like a drunken sailor.And that's probably unfair to drunken sailors.In November alone, the US government reported a $139 billion deficit.
Peter Schiff recently appeared on RT Boom Bust to talk gold and silver.Gold has struggled over the last few weeks with a looming Federal Reserve rate hike and the specter of tax cuts on the horizon weighing precious metals down. Peter said he thinks this is something of a seasonal lull and he expects the price to bounce back in the first part of 2018.
President Donald Trump promised everyday Americans a “giant tax cut for Christmas” in a speech that the White House billed as his closing argument for a tax overhaul that congressional Republicans finished negotiating on Wednesday.
as the record of the last two years shows that year-end rate hikes have served as launching pads for big rallies in gold
The day's slide started around 9amET, when a burst of gold buying appears to have reset the correlation between XAU and BTC:
The consequences might be very bad for the broad economy, but good for safe havens such as gold.
Janet we have a problem: Silver is above $16 and gold fighting at $1260. Here's an update and the press conference live...
Sees 3 Hikes, Faster Growth, Lower Unemployment In 2018. The Fed also plans to increase its balance sheet run off to $20 billion in January.
Billionaire investor Stanley Druckenmiller about the current state of deflation.
The Federal Reserve makes its interest rate decision and also releases new versions of its dot plot and economic projections, and Chairwoman Janet Yellen will address the media afterwards. Follow along as MarketWatch's Steve Goldstein and Rex Nutting live-blog the action and watch the video of the press conference.