Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold prices rose over 1% to a one-month peak on Thursday as the dollar spiralled lower on hopes of more coronavirus relief aid and the U.S. Federal Reserve's pledge to funnel more cash and keep interest rates pinned low.
“Exchange-traded product investment for the rst time surpassed 1 billion ounces, achieving a record high of 1.062 billion ounces.”
The Fed Doesn't Have A Problem With Fake Money, America Does!: Miller on the MoneyDec 17, 2020 - 12:45:48 PST
I chuckled when I read the Wall Street On Parade (WSOP) article, "Congresswoman Katie Porter Tells the Fed that It's got a "Big Problem".
Federal authorities expressed increased alarm Thursday about an intrusion into U.S. and other computer systems around the globe that officials suspect was carried out by Russian...
Washington lawmakers want to include second stimulus checks in a roughly $900 billion new aid package. Those payments will be about $600 to $700, reports say.
Negotiators on Capitol Hill and at the White House have still not wrapped up talks over a nearly $1 trillion coronavirus relief package ahead of a Friday deadline, as Republicans and Democrats spar over tens of billions of dollars in government spending.
Americans hold over $1.7 trillion in student debt and the federal reserve estimates that 31% of all U.S. adults have student loans — all while the country faces a recession and historically high unemployment.
The gold price is likely to be supported by inflationary pressures, deep fiscal deficit and a weaker US dollarfor the foreseeable future.
Markit’s preliminary December PMIs were released today and our takeaway is that they show the risk of some kind of stagflation is gaining a little steam. In both the manufacturing and services surveys, new business/new orders dropped while input prices rose. In the case of...
In November, money supply growth rate was essentially unchanged from October and remains near September's all-time high.
As Coronavirus Aid Talks Drag On, U.S. Congress Prepares Stopgap Vote to Avoid ShutdownDec 17, 2020 - 11:02:05 PST
Negotiations in the U.S. Congress over final details of a $900 billion COVID-19 aid bill could spill into the weekend, requiring another stopgap spending bill to avert a looming government shutdown, Republican Senate Majority Leader Mitch McConnell said on Thursday.
There was a jaw-dropping exchange between Politico reporter Victoria Guida and Fed Chair Jerome Powell at his press conference yesterday following the two-day meeting of the Fed’s Federal Open Market Committee (FOMC). Powell first acknowledged in his opening statement that “the current economic downturn is the most severe of our lifetimes.”
Over the past 30 years, Maral Boyadjian has built up a family real estate business consisting of eight homes in Southern California that she and her husband rent out.
Some 9% of 401(k) plans have cut contributions to employees or are considering doing so to save costs during the Covid pandemic, according to a new survey.
Dec 17, 2020 - 09:54:03 PST
The DXY trade-weighted dollar index fell below 90 to as low as 89.79. Overnight losses occurred across of broad cross-section of key bilateral dollar relationships amounting to 0.9% versus the kiwi, 0.8% relative to sterling, 0.7% versus the Australian dollar, 0.5% against the yen and euro, 0.3% vis-a-vis the Canadian dollar, and 0.2% versus the Swiss franc.
Gold prices rally Thursday, with a steep decline in the U.S. dollar, the Federal Reserve's ongoing loose monetary policy and expectations for a new fiscal stimulus package lifting bullion above $1,900 an ounce for the first time in nearly six weeks.
What is it that will power gold and silver to greatly outperform stocks? Join Mike Maloney, Chris Martenson and Mr Jeff Clark as they tackle this question, along with covering the latest news.
Eviction moratoriums instituted by 44 states beginning in March have mostly expired. In response, the Centers for Disease Control and Prevention issued the federal moratorium in September that broadly prevents evictions through the end of 2020. The nationwide directive was seen as the best hope to prevent more than 23 million renters from being displaced.
At least two million workers have turned to their workplace retirement plans for cash under temporary rules created during the pandemic. But so far, most people have left their accounts alone.
Dec 17, 2020 - 08:19:26 PST
A survey by Rasmussen Reporters and The Heartland Institute reveals that about 53 percent of likely voters who have heard of the Great Reset oppose its mission to further integrate nations’ economies, globalize American industries, and bind U.S. citizens to international climate rules.