Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold is winding up to set new all-time high record prices next year. I know it may not feel that way for some right now, with gold correcting and consolidating since early August.
Goldman Sachs Asset Management has finalized its takeover of Perth Mint’s $500m gold ETF, which it has renamed the Goldman Sachs Physical Gold ETF (AAAU US).
Dec 16, 2020 - 12:54:31 PST
Long before coins were invented, probably in the kingdom of Lydia in western Asia Minor about the seventh century B.C., silver was widely used as a currency throughout the ancient Mediterranean.
The total equity and index call options (average daily volume for the past 20 days) almost reached 22.5 million as of Monday - Bloomberg data
If you thought fundamentals, valuations and earnings growth matter the joke is on you. In 2020 central banks have managed to do the unthinkable: Not only once again save investors from any damage i…
S&P 500 Inches Higher amid Stimulus Hopes, Fed Commitment to Keep Supporting EconomyDec 16, 2020 - 12:38:40 PST
The Dow Jones Industrial Average climbed nearly 340 points on Tuesday.
Fed Extends "Temporary" Dollar Swap Lines And Repo Faclities With Central Banks Until Sept 2021Dec 16, 2020 - 11:33:46 PST
In addition to its return to forward guidance, according to which QE will stay at $120BN until "substantial further progress has been made",the Fed also announced the extension through September of next year of its temporary dollar swap lines and its repurchase facility. The reason: "A further extension of these facilities will help sustain recent improvements in global U.S. dollar funding markets by serving as an important liquidity backstop."
Dec 16, 2020 - 11:08:59 PST
Watch Fed Chair Powell live as he details the central bank's policy decision and answers questions from reporters. The Fed may see a brighter long-term outlook when it releases its economic forecasts Wednesday due to vaccine developments, but it also has the opportunity to disappoint at least some investors who are expecting immediate changes in its bond buying program.
WATCH LIVE: Fed Chairman Powell Discusses the Central Bank’s Latest Decision: 12/16/2020, 2:30 ETDec 16, 2020 - 11:08:59 PST
Watch Fed Chair Powell live as he details the central bank's policy decision and answers questions from reporters. The Fed may see a brighter long-term outlook when it releases its economic forecasts Wednesday due to vaccine developments, but it also has the opportunity to disappoint at least some investors who are expecting immediate changes in its bond buying program.
FOMC Unanimously Leaves All Policies Unchanged, Launches Forward GuidanceDec 16, 2020 - 11:07:22 PST
Notably, officials did not change their tone with respect to economic conditions, reiterating that the recovery will depend on the course of the virus, and that the pandemic will continue to weigh on conditions in the near term. They say it poses “considerable risks” to the outlook in the medium term.
No Change in Rates: Fed Commits to Keep Buying Bonds Until the Economy Gets Back to Full EmploymentDec 16, 2020 - 11:01:55 PST
The Federal Reserve made a key adjustment to its efforts to support the economy, while upgrading its look for growth ahead.
Without More Jobless Benefits, 5 Million People Will Fall into Poverty, Including 1.3 Million KidsDec 16, 2020 - 10:52:31 PST
Millions will become poor in January if Congress doesn't extend expiring unemployment programs, according to Columbia University.
China’s leaders are likely to convene this week to lay out their economic priorities for 2021, with analysts expecting a renewed focus on slowing the pace of debt growth and insulating the economy from tensions with the U.S.The annual Central Economic Work Conference follows a year in which China loosened fiscal and monetary policy...
Thanks to lockdowns, high unemployment, and general uncertainty and fear over covid-19, the personal saving rate in the United States in October was 13.6 percent, the highest since the mid-1970s.
The rollout of COVID-19 vaccines, low interest rates in the US, and an improving global economic outlook are driving investors away from the dollar.
Fintech Company Launches Platform to Assist in Central Bank Digital Currency DevelopmentDec 16, 2020 - 09:58:48 PST
Fintech company EMTECH is launching a compliance platform that helps central banks tackle compliance issues or safely test their central bank digital currencies.
The World Bank expects Russia's economy to start recovering in 2021, at a pace that may depend on the impact of a COVID-19 vaccine, but has said "the worst may still lie ahead" for Russian banks.
Congress to Pass $17 Billion Bailout of Airline Shareholders & Bondholders, to Top Off Prior BailoutDec 16, 2020 - 09:35:09 PST
Top 4 airlines burned $45 billion on share buybacks since 2012. If airlines run out of money, Chapter 11 bankruptcy works. Airlines proved it.
he Federal Reserve is wrapping up what might be the most activist year in its history with a final scheduled policy meeting this week, one at which it is expected to leave interest rates at rock bottom and to signal continued willingness to help the economy through the challenging pandemic era.
Dec 16, 2020 - 08:10:54 PST
America’s poverty rate has risen at the fastest pace ever this year after aid for the unemployed declined.