Tuesday March 2nd, 2021 by Neil Maedel The probability is that gold’s correction from its August high is largely complete, just as treasury yields are likely near or at the terminal phases of their respective rallies. Last Friday COMEX gold futures reached an intra-day low of $1,717 in a significant area of technical support and
The pandemic is rolling around the world like a hurricane, leaving devastated economies in its wake.
Written by Neil Maedel, Mountains of debt and the leverage that goes with it can make economic life increasingly precarious. Last April’s short-lived rise in America’s benchmark Fed Fund’s rate (to 2.4%) on the tail end of a year of quantitative tightening, was enough to send stock markets’ plunging globally, and in response, America’s Federal
Written By Neil Maedel Gold bullion is in a bull market principally because it provides a highly fungible store of wealth with no counter party risk. Consequently, it is an ideal hedge against growing political, systemic and currency risks. In reaction to these risks, Central banks bought 658 tons of gold in 2019, the highest