Precious metals news

The lockdowns have already caused as many as 200,000 small businesses to permanently close. Lockdowns, by shrinking the number of employers, lead to long-term unemployment or lower wages for many workers.

The U.S. dollar edged down 0.1% against a basket of currencies, increasing gold's appeal among holders of other units.

A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.

U.S. household spending fell 0.4% in November, the first drop since April and another sign the virus is weighing on economic growth. Household income also declined, in part reflecting the fading effects of aid programs put in place earlier this year.

Following last week's surge in total jobless claims back above 20 million, analysts expected initial claims to remain at this new elevated levels as lockdowns struck more and more of the nation. Instead, initial claims dropped to 803k (still dramatically higher than pre-COVID-Lockdown) from an upwardly revised 892k...

Saxo Bank recently projected silver will soar to $50 an ounce in 2021, powered by loose monetary policy along with the push for "green energy." Bloomberg Intelligence is now making a similar call, saying silver will be "the primary metal" benefiting from electrification and quantitative easing in 2021.
Gold set a new record earlier this year and briefly traded above $2,000 an ounce. In a recent report, Bloomberg Intelligence senior commodity strategist Mike McGlone predicted silver will follow gold toward a record high of its own.

President Trump threw a wrench into coronavirus stimulus relief, calling the massive spending bill "a disgrace" and threatening to veto the legislation if Congress doesn't go back and up the individual checks from $600 to $2,000.
It remains unclear how the politics will play out. House Speaker Nancy Pelosi tweeted "Let’s do it!” putting pressure on Sen. President Mitch McConnel to go along with the increased stimulus. What is pretty certain is stimulus is coming down the pike - whether sooner or later. Before Trump made his surprise remarks, Peter Schiff talked about the stimulus bill on his podcast.

These days, with yesterday's trillion dollar "stimulus" bill, the Fed just creates free money for Americans! We can all be rich! What could go wrong? The combined 5,500 page "stimulus" bill and omnibus bill sprung on Congress at the last minute should go down as one of the most shameful chapters of US governance...

President-elect Joe Biden warned the “darkest days” of the coronavirus pandemic were still to come and called on Congress to be ready early next year to produce another stimulus package, even though the most recent one took months to complete.“Our darkest days in the battle against Covid are ahead of us, not behind us,” ...

Covid-19 jitters boost US dollar An air of caution continues to pervade currency markets ahead of the holidays and as liquidity falls sharply. Covid-19 fears saw the US dollar rise again overnight, with the dollar index rising 0.69% to 90.65.

The Italian Banking Association said the work would help financial institutions prepare for the future.

It’s like a socialist nightmare, but with colored lights.

The first COVID-19 stimulus bill, the $2 trillion+ CARES Act, was corrupted by waste, fraud, and abuse. The federal government sent more than a million stimulus checks to dead people and many more to random European citizens.

A gaggle of highly effective monetary regulators have referred to as for sweeping reforms to US cash market funds after the $4.9tn trade confirmed indicators of extreme pressure in the course of the market turmoil in March. A coalition that features the heads of the Treasury division, Federal Reserve, Securities...

Mortgage demand ended the year significantly higher than 2019, but appears to be cooling off a little for the holidays.

House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) signaled that they are open to increasing the amount for the stimulus checks after President Donald Trump threatened to veto the COVID relief bill unless the direct payment was increased to $2,000 per individual.

President Trump appeared to threaten to veto the COVID-19 stimulus package that Congress passed almost 24 hours earlier, telling lawmakers to boost checks for Americans to $2,000 as well as "get rid of wasteful and unnecessary items" in the spending bill

The U.S. is recording at least 215,400 new Covid-19 cases and at least 2,600 virus-related deaths each day, based on a seven-day average calculated by CNBC using Johns Hopkins University data.

Palisades Radio interviews Jeff Clark on several topics, including gold under a Biden Presidency, Pending Stimulus Plans & Possible Stagflation, Declining Mine Supply, and some of his current favorite Mining Equity Picks. (None of his picks should be considered advice)

U.S. economy grew at a record pace in Q3- data * Possible transmission of new variant to U.S. could boost gold - analyst * Interactive graphic tracking global spread of coronavirus...