Sunday , February 23 2020
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Tag Archives: Gold

Investors Are Piling Into Safe Havens on Coronavirus Fears

U.S. factories rebounded strongly in February, suggesting the manufacturing recession may finally be behind us after the industry contracted for six straight months. The Philadelphia Fed Manufacturing Index jumped an incredible 20 points to 36.7, its highest reading since May 2017, while New York’s Empire State Manufacturing Survey rose more than eight points to 12.9, a nine-month high. We won’t get the Institute for Supply Management’s (ISM) U.S. manufacturing purchasing manager’s index...

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Fun on Friday: Scared of Gold??

The interwebs are a strange place. We can learn about virtually anything with a few keystrokes. We have all kinds of information right at our fingertips.Unfortunately, a lot of it is utter BS.For instance, there was a video that went viral that made some people scared of gold.Back in the day, the theory was that people weren’t dumb. The problem was a lack of access to information.  The internet ostensibly solves that problem. But I think the internet is actually making dumb people...

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Gold’s Breakout! SchiffGold Friday Gold Wrap Feb. 21, 2020

Gold broke out this week. The yellow metal pushed through the $1,600 level and continued to climb. Conventional wisdom tells us this is all about safe-haven buying due to fear that the coronavirus will stunt global economic growth. That is certainly a factor. But could there be more to it than that? On this week’s Friday Gold Wrap podcast, host Mike Maharrey talks about what he thinks is at the root of this gold breakout. He also gets into the subject of inflation. There’s more out there...

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Peter Schiff: Gold Is Your Only Alternative

Which will outperform in 2020? Gold? Or Equities?Peter Schiff joined a moderated debate on the subject at the Orlando Money Show. Peter teamed up with Rick Rule to argue for gold, against Louis Navellier and Jeffrey Saut, who contend the stock market is still the place to be. Mark Skousen moderated the debate. Interestingly, even Navellier admitted that the stock market is getting “a little bubbly.” He said it looks like ’99 all over again – the year before the dot-com...

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Peter Schiff: Printing Money Is Not the Cure for Cononavirus

In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets.Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system.All this means more liquidity — central banks easing. In...

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Peter Schiff: The Fed Is Responsible for the Rise in the Stock Market

Peter Schiff recently appeared on with Mark Bunting to talk about the stock market bubble. He said it’s the same type of bubble as 2008, only bigger.The source is the same. It’s artificially low interest rates. It’s quantitative easing. The central bank, the Federal Reserve, is responsible for the rise in the stock market.”Peter pointed out that in 2019, corporate earnings actually declined slightly even as the stock market was up some 30% and making record highs.That’s all the Fed. If we...

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When Will Safe Havens Be Bought?

A Pfennig For Your Thoughts February 18, 2020 * dollar bugs continue to put pressure on the currencies * Jim Grant says the Fed is now the lender of first resort… Oh my! Good day… And a Tom Terrific Tuesday to you! In case you’re wondering about me, my visit to the wound center yesterday, was good, as more healing is taking place. On Mondays I don’t see the doctor, instead seeing a nurse who changes the soft cast on my leg. But I can see it healing, finally! It was a true Chamber of Commerce...

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Batten Down The Hatches & Look For Bargains…

A Pfennig For Your Thoughts February 17, 2020 * Dollar bugs take a cent of the euro’s value on Friday! * Gold reaches a record high VS the euro! Good Day… And a Marvelous Monday to you… As usual, I’m getting this done very early this morning so I have time to get north for a doc appt. Well, we had been having a nice run of sunny, warm weather here, but a cold front moved through this weekend, and the temps have only climbed to the mid 70’s… HA! That’ll go back to sunny and 80 by week’s end…...

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Fun on Friday: You Forgot, Didn’t You?

Psst… It’s Valentine’s Day. You forgot, didn’t you? Well, if Valentine’s Day did slip your mind, and you happened to stumble across this post early enough, you’re welcome. Now get out there before it’s too late. And if it too late, well, I’m sorry for your pain. Hope the couch is comfy. Of course, I’m assuming you have a Valentine to shop for. The easiest way to avoid the pressure of the holiday is to just stay single. But that’s a subject for a different Fun on Friday. So, here’s the...

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