It was the week of the Fed. We take a look back at its origins on Jekyll Island and a small look at how the Fed works. The Fed surprised with its dovish statement. Stock markets rallied then plunged. Some interest rates and interest rates have turned negative signaling a potential recession. Nonetheless our closely watched ''Recession Spread'' remains positive so any recession remains months away. We look at household debt and corporate debt to GDP in our ''Chart of the Week''.
Gold continues to meander and the US$ Index appears poised to go higher. Stock markets could have a rough week following Friday's drop and volatility picked up. We define the break down points. Full Story
The price of palladium briefly topped $1,600 an ounce for the first time ever last week on a widening supply-demand imbalance. Markets sent the metal higher on news that Russia, the world’s number one producer of palladium, was set to ban the export of scrap metal, which would have the effect of squeezing global supply even further. This comes a week after car manufacturers signaled an increase in demand for palladium, which is used in the production of pollution-scrubbing catalytic converters.
As such, the palladium-to-gold ratio—or the measure of how many ounces of gold can be purchased with one ounce of palladium—is now at an historical high. Full Story
It’s only a matter of time until the bearish bet pays off big, according to Crescat Capital LLC. While the Denver-based firm has only about $50 million under management, it has a history of outperforming the S&P 500 Index — with its Global Macro Fund returning 41 percent last year alone. Now the investment company says it’s ready to capitalize on an end of the economic cycle as indicators warn that a recession is imminent in the coming quarters. Full Story
Fed "policy," such as it is, went all silly Monday when a little-known spokesman for the central bank said he expects one more rate hike in 2019 and perhaps another in 2020. Didn’t Chairman Powell just finish saying that there would be no tightening this year? And weren’t we reading the other day that the yield curve had inverted, raising the risk of a U.S./global recession? Full Story
By: Chris Waltzek, GoldSeek Radio - 25 March, 2019
Our guest outlines proprietary market model entries / exits including gold that could eventually ascend to $2,500 Adding support for the bullish case for PMs / commodities, the Euro could remain strong relative to the Greenback. Years ending in the number 7 oftentimes lead to key weakness in the NYSE, such as the Crash of 1987, market-flu of 1997. The Nenner model anticipates the final low to unfold in 2020, despite one of the most impressive share rallies in US history. Full Story
There is a ratio chart, $Gold:$XAU, we haven’t looked at in quite awhile that has helped us in the past to locate some important turning points for the PM stocks. I’m not going to get into all the details tonight but this ratio chart shows you just how undervalued the $XAU or precious metals stocks in general are to gold itself. From the mid 1980’s to the 2008 GFC crash the horizontal blue line was a good place to buy your gold and silver stocks and when the ratio fell to the red line it was a good place to sell those stocks. Full Story
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