Precious metals news

Gold and silver investors have been waiting a long time for the ‘big payday’. In today’s video, Jeff Clark asks Mike Maloney when he thinks this may happen, and how big a payday it might be.

In 2020, Americans collectively owed over $1.7 trillion in student debt for the first time. 

The huge pandemic relief and spending bill includes billions of dollars to promote clean energy such as wind and solar power while sharply reducing over time the use of potent...

Despite a plague of lockdowns as COVID's casedemic re-emerged, analysts believed that consumer confidence would rebound modestly in December after 'hope' dragged it down in November, but instead it collapsed.

This is not the ideal time to own an apartment building. Millions are struggling to pay rent and despite the extension of the federal eviction moratorium through Jan. 31 in the latest stimulus bill, a lot of people will likely face eviction in the coming months. According to data released in November, 17 million households are behind on rent or mortgage payments.
Of course, this has a trickle-down effect. If renters can't pay their rent, that makes it difficult for apartment building owners to keep up with their mortgage payments. If they default, who's on the hook?
Increasingly, the US taxpayer.

After five consecutive months of gains, closed sales of existing homes turned lower in November month-to-month.

The US government is stimulating everybody. Just not you.
Congress finally pulled together a stimulus deal. Both houses of Congress passed the $900 billion measure. It ranks as the second-largest spending bill in history, only behind the CARES Act passed earlier this year.

″(Silver) is tracking gold, it’s also had the extra dimension of being supported by the rally we’ve seen in the industrial metals. It’s got a green transformation steam attached to it, given the expectations for increased demand for solar panels next year,” added Saxo Bank’s Hansen.

The final reading on third-quarter gross domestic product was expected to show an increase of 33.1%.

When the world’s biggest health crisis in a century struck in February, central bankers and politicians rushed to protect their economies. The devastation of lockdown threatened even the soundest financial firms, whose collapse would have worsened the crisis. But the trillions of dollars plowed into companies and households...

The drop in the amount of distressed debt across emerging markets has been a barely anticipated bonus for many countries this year. But it’s scant comfort for those nations still struggling with mounting obligations.The number of emerging- and frontier-market nations with debt trading at distressed levels...

As more countries issue or develop central bank digital currencies (CBDC), the prospect of a digital currency as part of mainstream finance is increasingly becoming a reality. How will the digital currencies affect the international reserve ecosystem?

Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters.

Buyers and analysts surveying the harm wrought by the pandemic have warned that it has exacerbated among the most worrying traits in company debt markets and left stability sheets in a far riskier state.

In the immortal words of Nancy Pelosi: "we have to pass the bill so that you can find out what's in it."

In response to the pandemic’s economic damage, the world’s biggest economies have already committed more than $12 trillion in restarting economies, according to the International Monetary Fund.

Congress passed a bill that contains $900 billion in coronavirus aid and a $1.4 trillion government funding plan, sending it to President Trump.

The U.S. is recording at least 215,700 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.

If you are an investor, it is important to know how to take advantage of BREAKOUTS and RETESTS.  In this video update, I explain why stocks breakout at certain levels and also why there is the inevitable correction lower.  My forecast of a lower gold price to $1,800 in late September was proven...

Jeff Clark is interviewed by Silver Stock Investor on his outlook on the economy, precious metals and in particular silver.