Precious metals are apparently waking up. And here is where you can find the best deals.
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Debt levels at the two largest oil companies in the United States surged this year due to low oil prices and falling demand. While the global oil industry experienced financial hardships due to the pandemic, the worst damage occurred in the domestic U.S. shale oil sector. For example...
Erlam said gold could remain on a bullish path if the Federal Reserve and European Central Bank continue making funds available to markets, and governments are forced into loosening their purse strings further. “This could pressure the dollar in 2021 and be another supportive factor for gold,” he said.
The shares of massive US banks adopted, with JPMorgan Chase and Financial institution of America each rising by 14 per cent on Monday.
Nov 10, 2020 - 12:04:48 PST
That decision might have come from the fact that prosecutors were charging the bank with “tens of thousands of instances of unlawful trading in gold, silver, platinum, and palladium…as well as thousands of instances of unlawful trading in U.S. Treasury futures contracts and in U.S. Treasury notes and bonds…”
But the current stasis will not last forever. Controlling for relative inflation rates, the real value of a broad dollar index has been trending up for almost a decade, and at some point will probably partly revert to the mean (as happened in the early 2000s).
Following the experts from the National Bureau of Economic Research (NBER), business cycles are seen as broad swings in many economic indicators, which upon careful inspection permit the establishment of peaks and troughs in general economic activity.
Banks Tightened Access to Credit Across the Board in Third Quarter, Fed Survey FindsNov 10, 2020 - 11:48:45 PST
U.S. banks tightened standards across the board during the third quarter, according to the latest Federal Reserve data released Monday.
Energy consumption underlies all aspects of GDP. COVID restrictions reduce energy consumption and thus GDP. History since 1820 shows low growth in energy consumption leads to war, depressions, and overturned government. My forecast of energy consumption to 2050 is concerning.
Fed Officials in ‘Robust’ Discussions About the Future of Their Asset Purchase ProgramNov 10, 2020 - 10:37:53 PST
News about a vaccine doesn't mean that continued policy help isn't needed, San Francisco Fed President Mary Daly said .
A sharp increase in the use of online rental applications since the start of the coronavirus pandemic has caused a consequent jump in red flags for fraud.
$15 trillion: this is the amount of money to be invested in new power capacity globally over the next three decades. Most of this—80 percent—will be poured into renewables.
Twenty years ago the NDX 100/Dow Jones Ratio created a topping pattern, as monthly momentum was sky-high, as the Dot.com peak was taking place. Following this setup, the NDX 100 fell nearly 90% in less than three years.
After the exclusive temper tantrum at the Comex subsided, Gold has reversed...
Nov 10, 2020 - 09:00:53 PST
Americans have turned modestly pessimistic over the near-term outlook for the U.S. economy, amid surging coronavirus cases and a lapse in fiscal stimulus, the November IBD/TIPP Poll finds. The six-month economic outlook index retreated to 47, after registering optimism in October for the first month since February. Readings below 50 reflect pessimism.
Fed’s Rosengren: Great Number of Firms to Have Difficulty Surviving Even if Virus Is ContainedNov 10, 2020 - 08:55:34 PST
Even if the coronavirus is contained relatively quickly, a great number of firms are going to have difficulty surviving, Boston Federal Reserve President Eric Rosengren argued on Tuesday, as reported by Reuters.
Congress Must Pass ‘Essential’ Covid Stimulus Before Inauguration Day, Says U.S. Chamber of CommerceNov 10, 2020 - 08:47:21 PST
"The sooner it's done, the better for the beneficiaries of the stimulus," U.S. Chamber of Commerce CEO Thomas Donohue told CNBC.
Dallas Federal Reserve President Robert Kaplan said on Tuesday he was "cautious and concerned" about downside economic risks in the short run because of the resurgence of the coronavirus, but more optimistic in the longer term.
Renewable power generation capacity will increase by 7 percent this year despite a 5-percent forecast decline in global energy demand, the International Energy Agency said in its Renewables 2020 report...
The Death Of Car Ownership: How Tech Is Killing The $3 Trillion Auto IndustryNov 10, 2020 - 08:03:48 PST
Growing pressure from investors across the globe is forcing the multi-trillion dollar transportation industry to adapt or get left behind
The big deal for precious metals this week was not the U.S. election...