Gold Blues as Silver Woos
February was a tough month for gold, which marked its worst monthly performance since November 2016. Spot gold fell $114/oz, or 6.15%, to close the month at $1,734/oz. Half of this decline came in the two final days of February, as bond selling spiked into near panic mode and triggered a multi-asset sell-off into month-end. Figure 1 shows how gold has been inversely correlated to bond yields.
February’s pullback occurred on the back of various developments. Rising energy prices and the markets’ view on U.S. government spending bolstered the reflation trade with a rally in broader equity markets. The U.S. dollar strengthened as markets priced in a swift economic recovery and as U.S. Treasury yields advanced to the highest level in a year, with the 30-year bond rising above 2% and the rapid move in the 10-year to over 1.5%, which we will discuss in more detail. Meanwhile, gold ETFs saw holdings decline towards the end of February. Silver prices held up m
Seeing Interest Rates Counter To What They Actually Are
realclearmarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realclearmarkets.com Daily Mail and Mail on Sunday newspapers.
The brutal reality is, with globalism being rammed down our throats, Americans need to plan to survive as the entire economic system comes crashing down
naturalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalnews.com Daily Mail and Mail on Sunday newspapers.
From Gold to Greenbacks: A Look at the US Dollarâs Devaluation, Manipulation and Militant Backing
228 years ago the U.S. dollar was created and ever since then, the national currency has been both powerful and controversial at the same time. Moreover since 1971, after being backed by precious metals for decades, American dollars have been backed by nothing and estimates say a quarter of the U.S. monetary supply was created in 2020 alone. The U.S. dollar conflict has led a number of analysts and economists to believe the U.S. monetary hegemony is on its last leg.
The Story of the US Dollar’s Devaluation
Arkansas Bill Would Take Step Toward Treating Gold and Silver as Money
tenthamendmentcenter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tenthamendmentcenter.com Daily Mail and Mail on Sunday newspapers.