Gold finally perking up. Degree of underperformance last few months ridiculous. US 5yr real interest rates just hitting 8 yrs lows today and very close to all time low. -1.76% suggests extremely stimulative policy with no inflation in sight Gold Perking Up As US 5 Year Real Yields Hit 8 Year Low Of -1.76% Macro Drivers Keep Building For Precious Metals Otavio Costa: Should we tal... read more

Foreign holdings of U.S. Treasuries declined for a fourth straight month in November, with Japan reducing its load of U.S. debt for four consecutive months as well, data from the U.S. Treasury department showed on Tuesday. Foreign investors held $7.053 trillion in U.S. government debt in November, down from $7.068 trillion the previous month. Japan’s holdings, the largest non-U.S. hold... read more

- Gold and silver futures prices are higher in early U.S. trading and have made strong recoveries after both markets hit multi-week lows overnight. The big rebounds suggest the bears are near-term exhausted and that today’s lows could be near-term market bottoms. However, more price strength is needed this week to better suggest such. Bullish “outside markets” are also working in favor of... read more

There’s been a lot of hand-wringing about the stock market rally. With major averages consistently making new records, the S&P 500 up another 1.5% after last year’s 16% gain, and the seemingly bottomless appetite for IPOs and SPACs (Special Purpose Acquisition Company), investors want to know: What could bring stocks tumbling down? Mohamed El-Erian thinks the path of least resistance c... read more

Gold Steadies After Treasury Yields Drop Amid Investor Caution (Bloomberg) -- Gold steadied as Treasury yields declined, following bullion’s biggest drop in two months. European stocks and U.S. equity futures also fell, with investors starting Monday in a cautious mood as they digested the prospects for increased spending under President-elect Joe Biden. Expectations for more aid have... read more

Victory for the Democratic party in this week’s Senate run-offs will add to the long-term pressure on the US dollar, which was already expected to continue its slide this year, analysts say. The dollar has kicked off 2021 on a subdued note after notching up losses of 7 per cent last year against a basket of its peers. This week, it touched its weakest levels since April 2018, helping to... read more

Industry Guru Says “Gold Not an Investment” January 6 (King World News) – E.B. Tucker: Gold gained 25% in 2020. That doesn’t make it an investment. To be clear, I believe last year was the first leg of something much bigger for gold. Anyone who knows me well will tell you I’m a huge fan of the yellow metal. At a local social club my locker reads, “Gold Bug.” Last month I had... read more

US 10-year breakeven inflation expectations hit more than 2-year highs, boosting precious metal markets. Spot silver prices crossed above the $27.50 mark for the first time since September. Spot silver prices (XAG/USD) have put in a solid performance thus far on the first trading day of 2021, with silver spot market price crossing above the $27.50 level for the first time since September and... read more

Venezuela’s government is planning to move to a fully digital economy as hyperinflation has made worthless bolivar notes practically disappear, and dollarization expands through the local financial system. The U.S. dollar has operated as an escape valve for Venezuela amid U.S. sanctions and collapsing oil revenues, President Nicolas Maduro said in a televised interview with Telesur on Fri... read more

President-elect Joe Biden warned the “darkest days” of the coronavirus pandemic were still to come and called on Congress to be ready early next year to produce another stimulus package, even though the most recent one took months to complete. “Our darkest days in the battle against Covid are ahead of us, not behind us,” he said at a year-end news conference in Wilmington, Delaware.... read more