The market is “showing” us that President Trump is going to win the 2020 election in a landslide… by Graham Summers of Gains, Pains, & Capital I Urge You… Do Not […]
The post Ignore The Naysayers: Trump Administration Has Successfully Engineered An Economic Boom appeared first on Silver Doctors.
While Fed Chairman Jerome Powell forecasted an optimistic view of the economy in the first FOMC meeting of the year, a dark shadow formed in the background. MarketWatch reported that the inverted yield curve, an infamous recession indicator, has once again reared its ugly head. Learn why this has worried analysts and more in this episode of USMR Market Insights with Coy Wells.
Coy Wells: 00:00
In the first Fed open market committee conference of the year, the Federal Reserve announced they were not planning on changing interest rates. Chairman Jerome Powell explained that “the current stance of the monetary policy is appropriate to support the sustained expansion of the economic activity.” He also said the “global growth may be stabilizing.”
Coy Wells: 00:19
While statements like these present an optimistic view of the current economy, many believe that one specific key economic indicator may indicate otherwise, and it’s one you have heard me speak about many times. It is the yield curve. Investopedia defines the yield curve as “a line that plots interest rates, at a set point in time, of bonds having equal credit quality but differing maturity dates.” A particular interest to many analysts is the yield curve between the 3-month and the 10-year treasuries. Recently, MarketWatch noted that the yield curve, once again became inverted. This time on January 30th of this year, an inversion is when the interest rates, also known as the yields, for longterm bonds fall below yields for short term bonds.
Coy Wells: 01:03
One reason this worries some financial analysts is that the inversions between the 3-month and 10-year treasuries have signaled the past seven recessions. This is supported by research from Duke University and many others. The idea behind this is when the yield on short term duration security notes moves higher than the yield on longterm duration notes, it reflects investor skepticism about future growth. Many analysts have noted the spread between these yields has been tight recently. Many believe this could be a signal that the bond market is preparing for a recession. This may partly explain why many central banks have turned to gold in recent months. In fact, there has been a significant increase in gold holdings around the world by central banks, as a move to protect their financial assets. For more information about important economic signals that have proceeded havoc in financial markets in the past, please call the number on your screen or click the link below to receive access to U.S. Money Reserve’s special report: Lessons From the Losses. Please give us your thoughts in the comments below and share this video. If you’re watching us on Facebook and would like to see more of our videos, check out our YouTube channel where we have tons of information touching on all different subjects. I’m U.S. Money Reserve’s, Coy Wells, and thank you for watching.
The post Is the Yield Curve Contradicting the Fed? appeared first on U.S. Money Reserve.
Kitco News
(Kitco News) – Stock market looks ready for a correction, but is gold ready to bounce back?
The post Stock market looks ready for a correction, but is gold ready to bounce back? appeared first on WorldSilverNews.
Kitco News
(Kitco News) – The upbeat December gold imports number out of China is just a temporary relief before a steep drop in gold demand this year due to coronavirus fears and growing economic uncertainty, according to analysts.
The post China’s gold demand could fall by 10% in 2020, analysts cite economic uncertainty, coronavirus appeared first on WorldSilverNews.
Kitco News
(Kitco News) – In January, ALROSA Group said that it sold $405 million worth of rough and polished diamonds, a 44% year on year gain.
The post ALROSA Group rough diamond sales up 44% in January appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Centerra Gold said today that a comprehensive technical review of the Mount Milligan Mine will be published next month.
The post Mount Milligan Mine report expected next month appeared first on WorldSilverNews.
Kitco News
(Kitco News) – After appointing a new president in December, Osisko Gold Royalties (NYSE:OR) is bringing on new heads of finance, operation and business strategy.
The post Osisko Gold’s new president gets new C-suite appeared first on WorldSilverNews.
USGS/Kristin N. Scheaffer/February 2020
“The11% decrease in domestic mine production in 2019 was attributed to decreases in production from the Bald Mountain, Carlin, and Cortez Mines in Nevada and the Fort Knox and Pogo Mines in Alaska. In2019, worldwide gold mine production was estimated to be unchanged from that in 2018. Increased mine production in Australia, China, and Indonesia offset decreased gold mine production in Peru, South Africa, the United States, and Zimbabwe.”
USAGOLD note: Gold mining statistics for 2019 from the United States Geological Survey at the link above. . . . .
CNBC/Stephanie Landsman/2-10-2020
“Wall Street bull Edward Yardeni isn’t sure how much longer investors will shrug off coronavirus fears. He sees the outbreak as the most critical risk to the record stock market rally.”
USAGOLD note: As goes China, so goes the rest of the world? As the net economic effects begin to sink in, the case in the affirmative grows stronger.
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