Precious metals news

The flash euro zone PMI composite output index came in at 45.1 in November — the lowest reading in six months.

"We are committed to leading the world in shaping a strong, sustainable, balanced and inclusive post-COVID-19 era," G-20 leaders declared in a twelve page document released on Sunday evening.

The coronavirus has infected more than 58.75 million people globally as of Monday, killing at least 1.38 million people so far.

Equinox Gold has retested the lows that I forecasted two months ago when I first provided my analysis of the company.  However, there still may be more downside for the share price as Equinox Gold's Q3 Financials underperformed the industry.  As I mentioned in my initial analysis of Equinox Gold...

When governments started locking down the economy in response to coronavirus, the Federal Reserve sprung into action. First, it slashed interest rates to zero. Then it quickly launched what we've dubbed QE infinity. In effect, that meant printing trillions of dollars out of thin air and pumping them into the economy.
Meanwhile, the US government did its part, passing a massive stimulus bill - pumping trillions of dollars of borrowed money into the economy. Of course, the Fed monetized a big chunk of that debt via QE infinity. So, in effect, the federal government joined forces with the central bank to pump trillions of dollars out of thin air into the economy.

The central bankers at the Federal Reserve can be pretty clueless. A report issued by the Fed a few weeks ago serves as a prime example.

With the precious metals prices continuing to consolidate, what are the technicals showing for the next several weeks?  The direction of the gold and silver prices will depend on the action of the U.S. Dollar Index.  Over the past three months, the Dollar continues to retest its 100-month...

The decade-long unprofitable shale industry is now in serious trouble.  While high oil prices helped prop up the U.S. shale oil industry, low prices are gutting it every which way but loose.  If the U.S. continues to lock down more of the economy this winter due to the surge...

Ultimately, this is a market that is going to react to the US dollar and of course the overall risk appetite around the world as silver is also an industrial metal, not just a precious one. Because of this, I like the idea of buying short-term dips and have for a while.

Gold is a good hedge against inflation; it is the ultimate store of value. Even if economic fundamentals evolve, and requirements can vary from advanced to emerging economies, gold’s strengths remain.

Global central bank gold reserves top 33,000 tonnes, roughly one-fifth of all gold ever mined. What are the top central bank gold holdings?

What is fiat money and what does it do? This is essential to understand since today’s worldwide unbacked paper, or “fiat,” money regime is an economically and socially destructive scheme—with far-reaching and seriously harmful consequences.

U.S. Treasury Secretary Steven Mnuchin on Friday defended his decision to end several of the Federal Reserve's key pandemic lending programs on Dec. 31, saying Congress should use the money to help small U.S. companies with grants instead.

Jawboning alone had whipped the markets into froth. So maybe enough is enough, and let taxpayers have their money back as planned?

The decline in the core consumer price index also came as it lost momentum in year-on-year terms, over the past year driven by a sales tax hike from 8% to 10% implemented in October 2019, according to the Internal Affairs and Communications Ministry.

The euro-area economy may shrink in the final quarter of the year as a second wave of lockdowns to combat the pandemic derails the recovery...

"While global economic activity has picked up since June, there are signs that the recovery may be losing momentum, and the crisis is likely to leave deep, unequal scars,"

United Nations Secretary-General Antonio Guterres warned on Friday that "the developing world is on the precipice of financial ruin and escalating poverty, hunger and untold suffering" as the world struggles to combat the coronavirus pandemic.

No matter your view of whether the price of gold is a good bet...

Gold bounced on Friday after U.S. Treasury Secretary Steven Mnuchin said that negotiations on stimulus measures will continue, boosting the metal's appeal as a hedge against likely inflation.