Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Britain’s Borrowing Hits Peacetime High as Covid Fuels Economic Plunge Not Seen for 300 YearsNov 25, 2020 - 06:39:52 PST
The British economy is forecast to contract by 11.3% in 2020, according to the Office for Budget Responsibility.
US taxpayers are on the hook for a $435 billion loss on the $1.37 trillion in student loans that were on the government's books at the beginning of this year, according to an internal study by the Department of Education recently reported by the Wall Street Journal.That's before any loan forgiveness program that might come down the pike under the Biden administration. And the massive number doesn't account for any student loans issued going forward. It also does not include student loans issued by private lenders but still guaranteed by the federal government.
Gold (XAUUSD) has paused after reaching our target at $1800/oz, the 200-day moving average. Surging stocks on vaccine optimism and U.S. transition have reduced but, in our opinion, not removed its appeal. Following another big ETF reduction yesterday, total holdings have now dropped by 2.6 million ounces since November 9.
After March and April's collapse, durable goods orders have risen for 6 straight months.
In news that not a single algo will care about, in the third quarter, GDP rose an annualized 33.1%, unchanged from the first estimate and right on top of expectations.
And this is before the more wide-spread lockdowns have hit...
“It’s clearly bargain hunting at present. Prices have fallen over $150 in the past two weeks and investors are grabbing this opportunity to take positions,” said Robin Bhar, an independent analyst.
We're approaching all-out market mania with optimism about a COVID vaccine and the ensuing economic renaissance that many seem convinced is right around the corner. On Tuesday (Nov. 24) the Dow Jones closed about 30,000 for the first time.On his podcast, Peter Schiff talked about the big stock market rally. He said it's not really about the presidential election, or the COVID vaccine, or excitement about Joe Biden. The rally is all about the Federal Reserve. And it always has been.
Jim Bianco gives his thoughts on Janet Yellen in a Bloomberg interview.
A pandemic of house price inflation.
Another Record Low Mortgage Rate Just Caused Demand to Jump for Both Refinances and Home PurchasesNov 25, 2020 - 05:17:28 PST
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) decreased to a survey low of 2.92% from 2.99%.
Governments worldwide have pumped trillions of dollars into their economies, with that fiscal support taking the lead in combating the effects of the pandemic and winning the backing of multilateral institutions like the International Monetary Fund that usually are more cautious about debt. Meanwhile, central bankers have kept interest rates near record lows and have tinkered with unconventional tools.
To support Japan’s economy, Suga has already ordered a third extra budget, with one of his advisers expecting it to reach around 15 trillion yen in spending. But as cases spike in the U.S. and Europe, Japan also faces the possibility of another drop in growth.
Governments are struggling to deal effectively with the health crisis, as they dither between keeping economies open and imposing new restrictions. The European Central Bank looks set to announce a new round of stimulus in mid-December...
Euro-area banks will probably have to set aside more money to soak up losses when government pandemic support ends and the economy grapples with massively increased debt, the European Central Bank said.
The coronavirus-induced crisis has worsened banks' profits and that will continue to be felt over the coming months, according to the ECB.
The Market Is Looking for Clues From the Fed on Whether It Will Adjust Bond BuyingNov 25, 2020 - 04:57:04 PST
The Fed could provide clues about whether it intends to change its bond buying program when it releases its minutes Wednesday.
Head of WHO Suggests COVID Restrictions Will Continue Even After VaccineNov 25, 2020 - 04:53:21 PST
Welcome to the new normal...
The coronavirus has infected more than 59.37 million people globally as of Tuesday, killing at least 1.39 million people so far.
NEVER BEFORE SEEN ANALYSIS: Why Is Gold Up 4,700% vs. 1,300% For Silver Since 1970??November 25, 2020
Over the past fifty years, the precious metals prices exploded higher. While the gold price reached new highs this year, silver is still 50% lower than its previous high set in 1979 and 2011. Many precious metals analysts and investors believe that the "underperforming" silver price must be due to...