Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today’s focus is on Kyle Bass and the Big Yuan Short. (See the Forex & Cryptos section.)
Precious Metals:
Niels Christensen: Gold Has Room To Move Higher But Don’t Expect A Breakout Rally – Analysts. Here is a quote:
“The rally in gold comes as the U.S. dollar remains resilient, trading at its highest level since mid-December. Looking ahead, many analysts have said that strength in the greenback is less of a headwind for gold because of global central bank action.
George Milling-Stanley, head of gold investments at State Street Global Advisors, said that there is a “race to the bottom” among central banks as they try to stimulate their respective economies. He added that the U.S. dollar is strong, not because of any significant resilience in the domestic economy, but that it the best option out there.
“I am looking past all this short-term volatility. I see a general atmosphere of higher uncertainty, more equity market volatility and a weaker U.S. dollar, which will all be good for gold,” Milling-Stanley said.”
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