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Silver Eagle Sales Up Another 1 Million In November & Gold Eagle Sales Remain StrongNovember 10, 2020
Another week and another 1 million Silver Eagles were sold by the U.S. Mint. In the first ten days of November, sales of Silver Eagles are nearly six times higher than the total for November 2019. With premiums now down in the $4-$6 range, investors continue to acquire...
It seems that miners have a long way to go before they bottom (perhaps a few months – in analogy to how gold declined in 2016)...
U.S. Still Faces Possible Default Wave, Asset Declines Due to Pandemic: FedNov 9, 2020 - 13:20:37 PST
The U.S. may still face a wave of debt defaults and "significant declines" in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned on Monday in a stark reminder that the economy, while recovering, is far from out of the woods.
Nov 9, 2020 - 13:03:57 PST
Spot gold fell as much as 5.2% on Monday, its biggest plunge since August, as Pfizer's positive vaccine update reignited investor risk-taking.
Lower income from oil reduced commodity-related revenues at the world's ten biggest investment banks in the third quarter, but booming profits from precious metals means they are still set for a bumper year, consultants McKinsey CIB Insights said on Monday.
Politicians and economists are seemingly all on board with Modern Monetary Theory. MMT translates to “American has the world’s biggest printing press and they can print as much currency…
It Could Take Until January Before More Coronavirus Stimulus Relief Is FinalizedNov 9, 2020 - 11:22:53 PST
Millions of Americans want more government aid amid the Covid-19 pandemic. But more help may not get approved by lawmakers until January.
First off: Great news. As I’m sitting here in the UK with lockdown number 2 I’m very pleased to hear the news of the Pfizer vaccine. I hope it’s a winner. Yay for science, an amazing achievement. Besides I can’t wait to hit the beach. Unfortunately we all still have to wait until it’s approved and distributed so we need to remain patient until next year it looks.
The gold-oil ratio, which historically hovers between 10:1 and 30:1, has spiked to unprecidented highs due to COVID-19 and other factors.
Nov 9, 2020 - 10:59:44 PST
There's a high probability of inflation in 5-6 years, starting in about a year. I own a tiny bit of Bitcoin but I own a lot more gold.
Biden Said He’d Forgive $10,000 in Student Debt for All Borrowers. Will It Actually Happen?Nov 9, 2020 - 10:39:33 PST
Biden has called for student loan forgiveness. Now that he's been elected, the 42 million Americans with the debt may be wondering: Will it happen?
Nov 9, 2020 - 10:22:19 PST
JPMorgan Chase & Co. is going on the “offensive” in mortgages as home prices rise across the country, said Marianne Lake, the bank’s chief executive officer for consumer lending.
More Than 13 Million People Could Lose Their Unemployment Benefits at the End of DecemberNov 9, 2020 - 10:07:43 PST
Roughly 1 in 3 people currently out of work have been unemployed since the coronavirus pandemic upended the U.S. economy in the spring.
Evidence is growing that many organizations took advantage of the Paycheck Protection Program’s open-door design, according to government officials and public data, after Congress set limited criteria for loan recipients.
“Soybean prices hit four-year high as nerves rise over food inflation,” was a headline in the Financial Times today. Futures prices are zooming towards $11 per bushel, up from $8.50 in July.
The great powers running today's world are mobilizing to address many of the biggest challenges facing us. Their grand response is called The Great Reset.
Advocates Worry About an Eviction Crisis as 2021 Approaches Without a Stimulus DealNov 9, 2020 - 09:27:36 PST
The CDC's eviction moratorium ends at the end of December. After that, housing advocates expect a wave of evictions if Congress doesn't pass housing relief.
It’s been over a hundred years since Mises wrote The Theory of Money and Credit and since the inception of the Federal Reserve. Yet the Fed is still trying to figure out inflation, so much so that the Reserve Bank of Cleveland operates the Center for Inflation Research (CFIR) in order to: improve the understanding of policymakers, researchers...
While makrets surge to all-time highs, investors continue to ignore the evidence of fundamental risks which have long-term impacts on financial outcomes.
People are waiting for more stimulus, but the next program will likely not arrive until February. The economy continues to contract, and while some...