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The current coronavirus-induced economic and financial market turmoil is seemingly the perfect environment for gold. “We have long argued that gold is the currency of last resort, acting as a hedge against currency debasement when policy makers act to accommodate shocks such as the one being experienced now,” said analysts at Goldman Sachs led by…

Gold continues to move higher due to trouble in the Fed repo and U.S. Treasury market. In the first hour of business today, the Fed has already injected $57 billion in the repo market. While the Fed’s repo market injections didn’t spike during the last few days of 2019, as many analysts forecasted, there’s still…

And just like that, the repo market is on the fritz once again. More than two weeks after the last oversubscribed term repo operation on December 16, moments ago the Fed announced that Dealers are once again scrambling for liquidity, submitting $41.12BN in securities ($30.7BN in TSYs, $10.42BN in MBS) into today’s 2-week repo operation,…

Gold prices moved downward for nearly one and half months after witnessing an impressive rally during the June-September period. The Wall Street rally and a stronger dollar are the primary reasons for the gold price decline. On Nov 12, gold price for December futures on Comex dropped $3.4 or 0.2% to settle at $1,453.70 per…

(RT NEWS) The time will come when you won’t be able to buy a cup of coffee without being traced, warns investment guru Jim Rogers. To control people, governments will increasingly seek to hunt down cash spending, he adds. “Governments are always looking out for themselves first, and it’s the same old thing that has…