Precious metals are apparently waking up. And here is where you can find the best deals.
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Airline Industry Is Facing Its Biggest Crisis Ever, Says Flight Attendant Union PresidentDec 2, 2020 - 05:03:57 PST
“We are experiencing a crisis that is bigger than all the financial crises that the airline industry has faced since airplanes first took flight,” said Sara Nelson, the President of the Association of Flight Attendants-CWA.
The lockdowns are based on surging "cases" which are based on positive PCR test results.
However, what exactly is a positive PCR test result? What does it mean?
China 'whistleblower for the world' on pandemic alarm: experts
The coronavirus has infected more than 63.63 million people globally as of Tuesday, killing at least 1.47 million people so far.
Both precious metals have been rallying strongly on Tuesday, with February gold futures last up over $38.00 to trade at $1,819.00, while the March Comex silver has added an impressive $1.542 to trade at $24.135 an ounce.
"We saw gold recapture the $1,800 level, and a lot of that has to do with the weakening dollar trade," says OANDA's Edward Moya. "The unwind of the gold trade has run its course" and we are likely to see more efforts from the U.S. Congress to support the economy.
My personal belief is that inflation will indeed rise in the not so distant future - and perhaps even faster than central planners’ can handle. However, several indications suggest that large banks (primary dealers) continue betting on one more bout of deflation in the near term
Yellen Says Urgent Action Needed to Prevent Self Reinforcing Economic DownturnDec 1, 2020 - 11:42:35 PST
U.S. President-elect Joe Biden's treasury secretary nominee Janet Yellen said on Tuesday the country is facing a historic crisis from the pandemic and the subsequent economic fallout.
If so, it would not be surprising to see somewhat higher inflation in a few years.
Lawmakers Unveil Bipartisan $900 Billion Coronavirus Stimulus Package as Stalemate Drags OnDec 1, 2020 - 11:20:51 PST
Bipartisan lawmakers are pushing a new stimulus plan as Nancy Pelosi and Mitch McConnell have made no progress on a coronavirus relief bill.
Nine Months After the Health and Economic Crisis Began, Unemployment Claims Near Record HighDec 1, 2020 - 11:17:05 PST
The number of Americans collecting and applying for unemployment benefits is hovering near pre-pandemic records. By some measures, the figure still exceeds any historical precedent.
White House Summons FDA Chief Hahn to Discuss Why Agency Isn’t Moving Faster on Covid VaccineDec 1, 2020 - 11:15:18 PST
White House Chief of Staff Mark Meadows summoned Food and Drug Administration Commissioner Dr. Stephen Hahn to discuss why the agency hasn’t moved faster to authorize Pfizer’s coronavirus vaccine, a person familiar with the matter confirmed to NBC News.
One sure way to identify a system optimized for failure is if all the insiders are absolutely confident the system is optimized for my success regardless of how many policies serve the infinite greed of insiders and how many red warning flags are ignored.
In October, money supply growth fell slightly from September's all-time high, although growth still remains at levels that would have been considered outlandish just eight months ago.
The entrepreneurs try to undertake only such projects as appear to promise profits.
Dec 1, 2020 - 10:20:40 PST
Fed's Powell continues testimony on Capitol Hill - The faster we get to post pandemic economy, the smaller the number of unemployed will be - There is a real concern that if we don't act as quickly as possible to support my are minorities, women, that we will leave behind a more unequal economy...
Christine Lagarde is expected to ramp up bond purchases in the eurozone next week to battle falling prices, as the European Central Bank struggles to get close to its inflation target.
China Subprime Crisis? Regulator Sees Bank Loans as ‘Biggest Grey Rhino Risk’ for FinancialDec 1, 2020 - 10:09:49 PST
Chinese banks' excessive exposure to property is now the "biggest grey rhino risk" facing the stability of the financial system, a top financial regulator has warned
When Mike Maloney talks about buying gold and silver, many people write in to ask whether he is buying coins or bars. Join Mike and Jeff Clark in today’s video as they discuss the pros and cons of bars vs coins, and what they buy personally.
Dow, Nasdaq and S&P Hit Fresh Record Highs as Stocks Extend November RallyDec 1, 2020 - 09:48:55 PST
Stocks rose Tuesday, and the Dow and Nasdaq each hit fresh intraday records, as traders looked to extend November’s sharp advance.