SD Friday Wrap: Blood & fire on Wall Street. Blood & fire on Main Street. It’s time to turn that situational awareness up to eleven… It’s not like I want […]
The post BLOOD AND FIRE IN THE MARKETS AND ON THE STREETS IS SPREADING WORLDWIDE appeared first on Silver Doctors.
The most shameful aspect of the debacle was that the federal commodities regulator, the CFTC, not only presided over the sordid affair, but then… by Ted Butler of Butler Research […]
The post Ted Butler: Bear Stearns Déjà vu? appeared first on Silver Doctors.
The great majority will sadly learn their lesson the hard way… by Egon von Greyerz of Gold Switzerland As the world is approaching the end of another failed monetary experiment, […]
The post Egon Von Greyerz: I’VE STOOD ON A SOAPBOX FOR 20 YEARS EXPLAINING GOLD’S VIRTUES appeared first on Silver Doctors.
Bloomberg/Justina Vasquez/2-26-2020
“Goldman Sachs Group Inc. boosted its gold forecast to $1,800 an ounce as the coronavirus, depressed real rates and increased focus on the U.S. election continue to drive demand for the metal as a haven.”
USAGOLD note: At $1800, Goldman upgraded its target price by $200 and joined the group of analysts who have cited gold of late as possibly ending up the last man standing among the primary portfolio assets.
Image courtesy of Visual Capitalist
Seeking Alpha/Clif Droke/2-24-2020
“One of the most important U.S. yield curves inverted on Feb. 20, prompting calls among market watchers for the Federal Reserve to further lower its benchmark interest rate. In this report, I’ll make the case that not only will the Fed likely lower rates, but this will in turn boost the attractiveness of gold for safety-conscious investors and thereby strengthen its ongoing bull market.
The gold price recently hit a seven-year high as investors continued to rush into safety assets. Mounting fears that the coronavirus will continue to spread, along with worries over the virus’s impact on the global economy, has been the primary catalyst for gold’s continued rally lately.”
USAGOLD note: In Clif Droke’s latest, he sees the same relationship between gold and inverted yields we covered in last month’s News & Views. The chart below shows the inverted yields between 10-year and 3-month Treasuries and the percent change in the price of gold year over year. The grey bars represent recessions.
