Authored by Adam Taggart via PeakProsperity6.com, Central banks are killing our currency to protect the already-rich… In our recent article It’s Time To Position For The Endgame, Chris Martenson explained how the US Federal Reserve and its sister central banks around the world have been engaged in the largest and most egregious wealth transfer in all…
The value or price of gold has risen since mid-March 2020, reflecting worries across the financial world about how much purchasing power major paper currencies hold. In light of the deep recession caused by the coronavirus pandemic, the world’s most powerful central banks have responded in two ways: with a combination of quantitative easing – essentially money printing…
Silver’s comeback from weekly lows loses steam. Is it a dead cat bounce amid dollar retreat? $26.50 barrier is a tough nut to crack for the XAG bulls. Silver (XAU/USD) witnessed good two-way businesses so far this Wednesday, as volatility continues to play out amid fast-moving markets and dollar dynamics. The white metal, initially, extended Tuesday’s tumble from near…
US REAL YIELDS A KEY DRIVER FOR GOLD Yesterday saw the precious metals complex come under significant selling pressure with the gold price dropping 5.7%, the largest fall since April 2013, while silver crashed 14.95%, marking its biggest plunge since October 2008. While arguably precious metals were in need of a correction given their sizeable…
Courtesy of Market Watch By Andrea Riquier Exchange-traded funds that track precious metals and miners slumped Tuesday in premarket trade, on track for their biggest daily decline since March, suggesting that a long run-up might be on track to reverse course. The SPDR Gold Shares ETF GLD, 0.94% was down 3.2%, while the VanEck Vectors Gold Miners ETF GDX, 2.11% lost…
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