Precious metals are apparently waking up. And here is where you can find the best deals.
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There Are ‘Pretty High’ Risks of the U.S. Economy Backtracking, Moody’s Economist WarnsNov 6, 2020 - 05:06:14 PST
"We are suffering a very significant reintensification of the virus ... that's going to start doing some damage," said Mark Zandi of Moody's Analytics.
The coronavirus has infected more than 48.8 million people globally as of Friday, killing at least 1.23 million people so far.
PRECIOUS METALS PRICE MANIPULATION: How Much Is It Impacting The Gold & Silver Miners Versus Leading Companies?November 6, 2020
If precious metals price manipulation is taking place, how much is it impacting the gold and silver miners versus the top tech and blue-chip companies? According to many analysts in the precious metals community, the supposed manipulation of the gold and silver prices' has gone on WAY TOO LONG...
QE Hope Sparks Big-Tech, Bitcoin, & Bullion Bid; But 'Smart' Money Is DumpingNov 5, 2020 - 13:06:46 PST
If everything is so awesome in a new-but-same-as-the-old gridlock'd Washington (according to stocks), why is the smart money running out of the market?
Nov 5, 2020 - 12:56:42 PST
“Now we know. We have the greatest money supply growth in the country's history. So I think that's the focus, versus the election,” he said.
Nov 5, 2020 - 12:13:59 PST
Fed Warns Of 'Significant Downside'. "If the Fed fails to respond quickly to the buildup of downside risks, inflation expectations will move further down," Markowska and Simons wrote.
--SAYS FED IS STRONGLY COMMITTED TO USING TOOLS FOR AS LONG AS NEEDED, DO NOT DOUBT THE POWER
Gold Futures Log Highest Finish in 7 Weeks, Then Edge Higher After FOMC Statement: MWNov 5, 2020 - 11:43:43 PST
Gold prices then extended their gains in electronic trading after the Federal Reserve left key U.S. interest rates near zero.
Nov 5, 2020 - 11:22:29 PST
Federal Reserve Chairman Jerome Powell speaks Thursday following the central bank's two-day policy meeting. The Fed is not likely to make any new policy comments Thursday, but Powell is likely to discuss the need for economic stimulus.
...Until then, the Fed’s statement again said it could continue to leverage its $7 trillion balance sheet to “help foster accommodative financial conditions.”... The central bank’s asset purchases will be a major focal point heading into the Fed’s final policy-setting meeting of 2020, on December 15 and 16.
BREAKING: Fed Holds Interest Rates Steady Near Zero, Economy Is Still Well Below Pre Pandemic LevelsNov 5, 2020 - 11:01:47 PST
"Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year," the statement said.
Here's Our Historical Analogy Menu: Rome, the USSR or Revolutionary FranceNov 5, 2020 - 10:56:14 PST
The core dynamic is ultimately the loss of social cohesion within the ruling elites and in the social order at large.
Record $1 Billion Worth of Bitcoin Linked to the Silk Road Seized by U.S. GovernmentNov 5, 2020 - 10:54:30 PST
Thousands of bitcoins -- worth $1 billion -- were seized by law enforcement this week in what the Justice Department said was the largest seizure of cryptocurrency in the history of agency.
Can wages earned by a remote worker be taxed by a state the employee never enters? A legal battle caused by the coronavirus may end up in the Supreme Court.
Rising levels of geopolitical tensions, wealth and income divergence, and civil unrest, are a clear sign the cobra effect is in play.
Nov 5, 2020 - 10:01:49 PST
While the fallout for struggling Americans as a result of the ongoing coronavirus pandemic continues to take a heavy toll — especially for people with low incomes — the question remains: when will more financial help arrive?
Sales of New Cars & Trucks Through October Fell by 2.4 Million Vehicles, to 1985 LevelsNov 5, 2020 - 09:57:45 PST
For the Ultimate No-Growth Industry: price increases and pushing consumers into more expensive trucks and SUVs.
The $68 Trillion Transfer of Wealth in America Is Evaporating Amid CrisisNov 5, 2020 - 09:11:11 PST
Over 2.3 million small businesses are owned by baby boomers and they are closing shop or selling out due to the pandemic as they watch assets shrink.
Gold Surges, Bitcoin Soars Above $15,000 As Markets Price In Much More QENov 5, 2020 - 08:49:55 PST
When Powell asks for more fiscal stimulus today, who will tell him it's not coming.
Nov 5, 2020 - 08:44:18 PST
Mortgage rates in the U.S. fell to another record low.The average for a 30-year, fixed loan dropped to 2.78%, the lowest in data going back to 1971, Freddie Mac said Thursday. It was the 12th record low this year. The previous one, 2.8%, held for two weeks.The decline in borrowing costs that began in March, as the coronavirus roiled financial markets, shows no signs of stopping. Cheap loans have powered a housing rally that has bolstered the pandemic economy.