Precious metals are apparently waking up. And here is where you can find the best deals.
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...everything now seems to have gone into hyperdrive.
"Alternative, high-frequency data show..."
The Fed has failed...
The dollar, however, is unique in its behaviour as a safe haven and a counter-cyclical asset: it has weakened over the last six months as equities have rallied and the yield curve has priced reflation. It follows that deflation and risk-aversion, even if originating in the US, could be dollar positive."
I get really frustrated by people arguing vociferously about things they don't know anything about. And on no subject is this more prevalent than the debate over the minimum wage. Bring up the "fight for $15" and you will suddenly get high school dropouts who can't do basic multiplication yelling at you emphatically about the benefits of government-imposed wage floors. Because, you know, they feel like it should work.
The elections are behind us. However, the official results are still not definite. What does it mean for gold prices?
A Japanese government report released Friday expressed concerns over the possibility that the country will face deflationary pressure due to a lack of demand and a decline in growth potential stemming from a fall in capital expenditures.
Meanwhile, the Bubbles Keep Getting Bigger Increasing the Odds of a Deflationary CollapseNov 6, 2020 - 07:18:56 PST
The Fed is Stuck On Interest Rates, Unable to Do Anything...
Are the Fed's ongoing monetary interventions exacerbating the economic problems? We dig into why the rescues are ruining capitalism.
Leon Cooperman Says Stock Market Could Be Stuck for Years, ‘Too Much Debt Is Being Created’Nov 6, 2020 - 06:52:56 PST
"Who pays for the party when the party is over?" investment titan Leon Cooperman told CNBC on Friday.
All eyes have been on the presidential election this week. It's still not clear who will win - although it's looking more like a Biden victory. Meanwhile, the Federal Reserve held its November meeting this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey offers some analysis of both the election and the Fed meeting. And he argues that what's going on over at the Eccles Building might be more significant than who ends up in the White House.
New York (Nov 6) Gold and silver futures prices are modestly up in early U.S. trading Friday, and did hit six-week highs overnight. The metals markets have been lifted this week due in part to a slumping U.S. dollar index that hit a nine-week low overnight. Safe-haven demand is also featured in the gold and silver markets Friday morning, heading into an uncertain weekend.
Chairman Powell and company have decided to keep a benchmark borrowing cost near zero.
These States Suffer the Worst Unemployment as the Pandemic Recovery ContinuesNov 6, 2020 - 05:38:21 PST
Hawaii is suffering from the worst job market in the United States. Here are the other states in trouble.
Nonfarm payrolls were expected to increase by 530,000 in October, according to economists surveyed by Dow Jones.
This is breaking news. Please check back here for updates.
Larry Summers on Economic Recovery: I Worry About Near Zero Interest Rates for a Long TimeNov 6, 2020 - 05:28:55 PST
The elections, the economy and need for stimulus were some of the topics talked about during a chat on Thursday between economists Lawrence Summers and R. Glenn Hubbard.
Buffett’s Favorite Market Indicator Nears Record High, Stocks Are Overvalued & Riskier Than EverNov 6, 2020 - 05:26:12 PST
Warren Buffett's preferred market gauge is nearing a new high, indicating stocks are overvalued and could tumble in the coming months.
The global stocks rally is running out of steam as investors await election results from US states that remain too close to call. US futures moved sharply lower after stocks ended Thursday in the green. Dow futures fell 281 points, or 1%. S&P 500 futures were down 1.2% and Nasdaq futures fell nearly 1.4%.
The greenback, in terms of the US Dollar Index (DXY), comes under extra downside pressure and navigates the area of 2-month lows near 92.40. US Dollar
The world’s stockpile of negative-yielding debt has swelled to a record in the wake of the U.S. election, as investors lower expectations for a fiscal splurge and turn their focus back to monetary support.