Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold is 1.7% higher this morning, as it is retracing some of its short-term decline. What about the other precious metals? Silver lost 0.20% on Monday and today it is 3.6% higher. Platinum gained 0.11% and today ...
“I see it as being complementary,” he said in an interview. “Whatever one’s starting position was before the pandemic in terms of what your gold and crypto allocation should be, I think it should be materially larger now.”
Virus Surge Is Leading to a Double Dip Recession and Dollar Crash, Economist Stephen Roach WarnsDec 1, 2020 - 05:09:35 PST
The fallout is also contributing to a massive dollar decline, according to Roach. He has been warning the Street since last spring a crash is virtually inevitable.
Federal Reserve Chairman Jerome Powell said the central bank’s actions to backstop a range of credit markets after the coronavirus convulsed Wall Street this past spring had unlocked almost $2 trillion to support businesses, cities and states.
Cold December as Economic Safety Nets Set to Expire for Millions of AmericansDec 1, 2020 - 05:00:45 PST
Those most at risk are depending on one or more relief programs that are set to expire, right as the economic recovery becomes more fragile than it's been in months.
How Social Security Invests Its Money and Why It May Run Out of Cash Really SoonDec 1, 2020 - 04:59:37 PST
For years, the Social Security payroll tax hasn't been enough to cover benefit payments for the massive baby-boom generation that has started to retire.
The U.S. and China Are Spiraling Into an ‘Alarming’ Power Play, Says Oil Expert Dan YerginDec 1, 2020 - 04:55:09 PST
It is worrying that the U.S. and China remain locked in a wrestle for power, instead of working on engagement and collaboration, oil expert Dan Yergin told CNBC.
OECD Lifts Global Economic Outlook on Vaccine Progress, Sees China Driving RecoveryDec 1, 2020 - 04:49:42 PST
"For the first time since the pandemic began, there is now hope for a brighter future," the OECD said Tuesday.
No coronavirus vaccine, no service? Brits could soon be denied entry to restaurants, bars, movie theaters and sporting events if they refuse to get a COVID-19 vaccine, a top official said Monday. N…
It has been a bad year for ma and pa. Nearly one-third of small businesses in New York and New Jersey remain closed since January amid the coronavirus pandemic, according to a watchdog. In the Empi…
The coronavirus has infected more than 62.84 million people globally as of Monday, killing at least 1.46 million people so far.
Silver Eagle Sales Surge To Highest Level In Nine Months & SRSrocco Report Interview With Palisades RadioDecember 1, 2020
Investor demand for precious metals remains strong as the U.S. Mint Silver Eagle sales in November were the highest in nine months. Not only were Silver Eagle sales the highest since March, when the pandemic caused investors to wipe-out inventories, but Gold Eagle sales also jumped by another...
The surge in the gold and silver prices today was the result of the large Dollar sell-off. The U.S. Dollar has been trading off an important support level for the past four months, but finally broke below it today, causing a nice really in the precious metals. Gold was up $40...
Powell Stresses Importance of Lending Programs, Calls Economic Outlook ‘Extraordinarily Uncertain’Nov 30, 2020 - 13:49:11 PST
Many of the key programs that the central bank has used since March are expiring at the end of the year.
Central bank digital currencies (CBDC) are being sold with the narrative of protecting consumers who are increasingly moving to cashless payments.
JPMorgan Downgrades US Stocks To Neutral, Just Weeks After Hiking 2021 S&P Price Target To 4,500Nov 30, 2020 - 12:57:33 PST
Because that's how Wall Street works...
Congress Returns Facing Government Shutdown Deadline, Calls for Stimulus Amid Coronavirus SurgeNov 30, 2020 - 12:41:05 PST
Congress faces a Dec. 11 deadline to avoid a government shutdown, and has to decide whether to pass another coronavirus stimulus bill.
A nationwide eviction ban was supposed to protect tenants like Tawanda Mormon, who was forced out of her two-bedroom apartment last month in Cleveland. The 46-year-old, who...
The escalating coronavirus pandemic could reverse decades of gains in the fight against poverty, as U.S. government aid for the vulnerable dries up. In the early months of the crisis, the federal Cares Act...
Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the Deutsche Bundesbank conference on the “Future of Payments in Europe”