Category: Markets

Gold lower at 1317.52 (-3.75). Silver 17.17 (-0.02). Dollar higher. Euro lower. Stocks called higher. U.S. 10-year 2.46% (+1 bp).

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Posted in Gold Price, Markets, Silver Price |

Gold higher at 1314.77 (+3.51). Silver 17.18 (+0.04). Dollar lower. Euro higher. Stocks called higher. U.S. 10-year 2.47% (+2 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold lower at 1316.19 (-4.31). Silver 17.16 (-0.04). Dollar higher. Euro lower. #Stocks called higher. U.S. 10-year 2.45% (-2 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold higher at 1313.49 (+6.51). Silver 17.12 (+0.11). Dollar lower. Euro higher. Stocks called higher. U.S. 10-year 2.43% (+2 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold easier at 1264.20 (-2.76). Silver 16.13 (-0.07). Dollar better. Euro higher. Stocks called higher. U.S. 10-year 2.49% (-1 bp).

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Posted in Gold Price, Markets, Silver Price |

Gold better at 1265.20 (+3.14). Silver 16.22 (+0.06). Dollar and euro steady. Stocks called higher. U.S. 10-year 2.49% (+2 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold better at 1262.36 (+0.70). Silver 16.17 (+0.03). Dollar lower. Euro higher. Stocks called mixed. U.S. 10-year 2.42% (+3 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold higher at 1259.57 (+4.51). Silver 16.10 (+0.05). Dollar lower. Euro higher. Stocks called higher. U.S. 10-year 2.37% (+2 bps).

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Posted in Gold Price, Markets, Silver Price |

ALBERT EDWARDS: Ignore the bitcoin bubble and pay attention to what’s going on in the stock market

BusinessInsider/Will Martin/12-14-17

Albert Edwards has a new warning: Stop focusing on the bitcoin bubble, and look instead at what’s happening in the equities market.

…the “the underlying profits recovery looks increasingly fragile and indeed on some key measures a rapid deceleration is underway.”

“Amid all the focus on the parabolic rise of Bitcoin it has gone almost unnoticed that, following its rapid ascent, the main S&P Composite index is now most overbought since 1995.

…”As well as overvaluation, we showed recently that the extreme bullishness currently prevailing among professional advisors has not been seen in markets since (just before) the 1987 crash,” he writes.

PG View: It might be worth considering taking some money off the table in stocks and diversify with some gold!

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Posted in Cryptocurrency, Markets |

Gold higher at 1261.31 (+7.56). Silver 16.09 (+0.16). Dollar easier. Euro higher. Stocks called higher. U.S. 10-year 2.35% (unch).

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Posted in Gold Price, Markets, Silver Price |

Gold higher at 1257.51 (+3.21) Silver 16.04 (+0.02). Dollar lower. Euro steady. Stocks called higher. U.S. 10-year 2.36% (+2 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold better at 1245.42 (+1.71). Silver 15.76 (+0.02). Dollar steady. Euro higher. Stocks called higher. U.S. 10-year 2.38% (-2 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold steady at 1242.72 (-0.28). Silver 15.75 (unch). Dollar and euro steady. Stocks called mixed. U.S. 10-year 2.40% (+1 bp).

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Posted in Gold Price, Markets, Silver Price |

Gold steady at 1249.00 (+0.70). Silver 15.81 (-0.05). Dollar easier. Euro higher. Stocks called mixed. U.S. 10-year 2.36% (-2 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold steady at 1247.05 (-0.30). Silver 15.82 (+0.08). Dollar higher. Euro lower. Stocks called higher. U.S. 10-year 2.38% (+2 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold lower at 1255.70 (-8.69). Silver 15.85 (-0.15). Dollar higher. Euro lower. Stocks called mixed. U.S. 10-year 2.34% (unch).

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Posted in Gold Price, Markets, Silver Price |

US yield curve flattens at fastest pace since financial crisis

FT/Joe Rennison/12-06-17

The difference between short-dated and longer-dated US Treasury yields has narrowed at its fastest pace since 2008, as investors anticipate a quicker rate of policy tightening from the Federal Reserve next year.

The difference between two- and 10-year yields has fallen 33 basis points to just 52 basis points over the past 30 days, while the difference between five- and 30-year yields has fallen 34 basis points, surpassing declines prompted by the European sovereign debt crisis in 2011 and reaching a pace last seen during the financial crisis, according to analysts at Citi.

It marks a pronounced “flattening” of the yield curve, with investors receiving decreasing returns for holding longer-dated bonds compared to shorter-dated notes — typically a harbinger of economic recession.

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Posted in Economy, Markets |

Gold steady at 1266.26 (-0.04). Silver 16.08 (-0.05). Dollar steady. Euro easier. Stocks called lower. U.S. 10-year 2.32% (-3 bps).

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Posted in Gold Price, Markets, Silver Views |

Gold lower at 1272.77 (-3.93). Silver 16.24 (-0.11). Dollar higher. Euro lower. Stocks called higher. U.S. 10-year 2.39% (+2 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold lower at 1274.35 (-5.83). Silver 16.36 (-0.05). Dollar higher. Euro lower. Stocks called higher. U.S. 10-year 2.39% (+2 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold jumps and stocks retreat on risk aversion amid Flynn headlines.

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Posted in Gold News, Gold Price, Gold Views, Markets |

We talked to an economist who predicted the Great Recession about the next financial crisis

BusinessInsider/Graham Rapier & Sara Silverstein/12-01-17

Instead of using traditional macroeconomic models, Rickards prefers to borrow one from physics: complexity theory. Using this framework, Rickards proposes a scenario in which the world shifts partially back to the gold standard, with an ounce of gold being valued at $10,000 per ounce.

PG View: The Rickards segment begins at 2:05 and ends at 11:13.

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Posted in Central Banks, Economy, Fed, Gold News, Gold Price, Gold Views, Markets, QE |

Gold steady at 1274.62 (-0.65). Silver 16.35 (-0.12). Dollar higher. Euro lower. Stocks called mixed. U.S. 10-year 2.38% (-3 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold lower at 1280.10 (-4.31). Silver 16.48 (-0.09). Dollar better. Euro easier. Stocks called higher. U.S. 10-year 2.39% (unch).

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Posted in Gold Price, Markets, Silver Price |

Gold lower at 1287.88 (-6.34). Silver 16.72 (-0.18). Dollar higher. Euro lower. Stocks called higher. U.S. 10-year 2.37% (+4 bps).

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Posted in Gold Price, Markets, Silver Price |

Gold better at 1296.27 (+1.43). Silver 17.10 (+0.02). Dollar higher. Euro easier. Stocks called higher. U.S. 10-year 2.32% (-1 bp).

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Posted in Gold Price, Markets, Silver Price |

Gold higher at 1295.76 (+7.50). Silver 17.14 (+0.10). Dollar lower. Euro higher. Stocks called mixed. U.S. 10-year 2.34% (-1 bp).

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Posted in Gold Price, Markets, Silver Price |

Gold higher at 1286.08 (+4.77) Silver 17.02 (+0.02). Dollar lower. Euro higher. Stocks called higher. U.S. 10-year 2.36% (+1 bp).

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Posted in Gold Price, Markets, Silver Price |

Gold easier at 1278.20 (-1.25). Silver 16.95 (unch). Dollar better. Euro lower. Stocks called mixed. U.S. 10-year 2.36% (+1 bp).

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Posted in Gold Price, Markets, Silver Price |

The stock market is ‘dancing on the rim of a volcano,’ warns investment bank

CNBC/Fred Imbert/11-20-17

Investors are too optimistic and taking on too much risk in this low volatile environment, setting the stock market up for a potential downfall, according to strategists at investment bank Societe Generale.

“In a goldilocks scenario of low interest rates, abundant liquidity, stable growth and a focus on the ‘good’ Trump, investors continue to push asset prices, volatility and leverage to historical extremes,” said Alain Bokobza, head of global asset allocation at Societe Generale, in a report Monday. “Yet, a low volatility carry environment with rather extreme positioning is a dangerous combination, which we recently likened to dancing on the rim of a volcano.”

PG View: Today’s pullback in gold may be a great opportunity to hedge your exposure to frothy stocks.

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Posted in Markets |