Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Nearly Half of Small Business Owners Fear They Will Have to Close Permanently Before Year-EndDecember 15, 2020
According to a recent survey, 48% of small business owners fear they will have to shut down permanently before the end of the year. That was a jump from 42% just two months ago.Alignable surveyed 9,201 small business owners. Analysts based their results on the answer to two questions.
Senior Senate Democrat Dick Durbin said Congress should vote on a bipartisan Covid-19 relief bill that has just the consensus provisions, without the two most controversial elements -- liability protection and aid for state and local governments.
A growing percentage of U.S. homeowners are looking to delay making mortgage payments, the latest sign that the economic recovery is hitting a snag.
Second $1,200 Stimulus Checks Are Not in the New $908 Billion Relief ProposalDec 15, 2020 - 04:56:22 PST
A new bipartisan proposal on Capitol Hill aims to address the many ways in which Americans are financially suffering. But stimulus checks are left out.
Stock futures traded higher early Tuesday as Congress negotiated another Covid-19 relief package.
The U.S. is recording at least 213,700 new Covid-19 cases and at least 2,400 virus-related deaths each day, based on a seven-day average of JHU data.
There is an IMPORTANT UPDATE for SRSrocco Report Subscribers and Followers. We believe 2021 is going to be quite an interesting year as the U.S. and world economic fundamentals continue to disintegrate. Thus, we wanted to share some changes we have made to the SRSrocco Report site for subscribers and followers.
Demand for commodities, tangible assets and the companies that mine, manufacture and transport them is about to blow sky-high predicts, Steen Jakobsen.
Gold fell back under a bearish cloud on Monday as mixed messaging over Covid-19 vaccine rollouts and lockdown threats counteracted with the lack of fiscal aid for the pandemic ahead of the Fed’s monthly meeting.
The Treasury market’s bears may find a dose of vindication this week given that the Federal Reserve may disappoint some traders by not tweaking its bond-buying program, which could finally catapult 10-year yields above 1%, even if only briefly.T
U.S. Financial Conditions Easiest on Record, Goldman Sachs Says: BloombergDec 14, 2020 - 12:42:59 PST
U.S. financial conditions are the easiest they’ve been in more than a quarter century as stock markets scale new heights on hopes of an end to the Covid-19 pandemic, according to an index compiled by Goldman Sachs Group Inc.
Americans remained uncertain in November over how they might fare financially as the U.S. economy heals from the coronavirus crisis, with consumers reporting mixed views on the labor market, according to a survey released on Monday by the New York Federal Reserve.
An estimated $126 billion in commercial real estate will be forced to sell at distressed prices through 2022, more than the first two years after the global financial crisis...
New York is headed toward a second full shutdown if Covid-19 cases and hospitalizations continue at their current pace, Governor Andrew Cuomo said.“If we do not change the trajectory, we could very well be headed to shut down” all non-essential businesses, Cuomo said Monday at a virus briefing.
Extra Unemployment Benefits May Be Delayed for Weeks, Even If Congress Passes COVID BillDec 14, 2020 - 12:12:41 PST
Congress is trying to issue more aid to unemployed workers ahead of a year-end benefits cliff. Assistance will likely be delayed even if that deadline is met.
That which is unsustainable will not be sustained.
For the majority of the past 9-years, the US Dollar has created a series of higher lows and higher highs, creating a long-term rising channel.
Global bonds rallied in February and March, giving the unfortunate illusion that bonds are an important part of a portfolio managed to a fiduciary standard. But there is no justifiable reason left to take on the duration risk (and potentially the credit risk) of domestic and foreign Treasury bonds.
From a timing perspective, the setup for selling overvalued US equities and buying undervalued precious metals today looks exceptional. The gold to S&P 500 ratio just posted its worst monthly decline in 37 years.
The idea that debt, leverage, speculation, greed, exploitation and parasitic elites can expand exponentially forever is magical thinking.