Precious metals are apparently waking up. And here is where you can find the best deals.
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Huge raid on gold & silver!
Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook in a press conference...
It looks like March all over again.Pretty much everything except dollars sold off yesterday. The Dow Jones was down 943 points. The S&P 500 dropped by 3.53%. The Nasdaq plummeted by 426 points. It was panic selling as markets fretted about the rise in COVID-19 cases, new lockdowns in Europe, and the lack of progress on a stimulus deal in the US.
Ongoing need to hedge risk. With the global economy still hobbled by the coronavirus pandemic, the sustainability, strength and shape of the recovery continues to be questioned.
The drop in income and sales tax revenue has created a historic crisis for states, with a total shortfall expected in the hundreds of billions of dollars.
Three Central Banks Sell Gold for First Time in a Decade to Soften the Blow From the PandemicOct 29, 2020 - 05:50:31 PDT
Selling was driven by Uzbekistan and Turkey, while Russia’s central bank posted its first quarterly sale in 13 years, the WGC said. While inflows into exchange-traded funds have driven gold’s advance in 2020, buying by central banks has helped underpin bullion in recent years. Citigroup Inc. last month predicted that central bank demand would rebound in 2021...
An expected rebound in capital expenditures for U.S. companies could be more at risk, as concerns over the economic recovery and a possible contested U.S. election mount.
Economists polled by Dow Jones expected initial jobless claims to come in at 778,000 for the week of Oct. 24.
Coming Off the Worst Quarter in History, U.S. GDP Grew 33.1% in the Third Quarter, vs 32% EstimateOct 29, 2020 - 05:34:48 PDT
Coming off the worst quarter in history, the U.S. economy grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic put itself back together.
"...as the coronavirus surges and the stock market plummets, we are still awaiting the Trump Administration's promised responses on multiple items of critical importance."
Peter Schiff delivered a key-note speech at the Virtual Investor Day Conference. He walked through the history of the Federal Reserve's monetary policy over the last several decades and explained the inevitable outcome. Peter's recap of Fed history leads you to an undeniable conclusion: the Federal Reserve has never been right. And it has set us up for an even bigger crisis.
The U.S. economy faces “slow going” with no additional fiscal support likely for several months, said former New York Fed President William Dudley.“The outlook for the economy is deteriorating,” Dudley said Wednesday...
The European Central Bank is expected to resist pressure to unveil fresh stimulus measures on Thursday but it will likely pave the way for action in December as fresh restrictions aimed at containing the coronavirus pandemic fuel fears over a new recession.
Europe Gears Up for More Economic Pain as Germany and France Impose National LockdownsOct 29, 2020 - 05:12:43 PDT
The latest lockdowns could lead to higher unemployment, the permanent closure of many businesses and even more national debt.
Lack of Stimulus, Third Quarter Growth to Show Economy Regaining Ground, but It’s Still in a HoleOct 29, 2020 - 05:07:41 PDT
Third quarter GDP is expected to grow at a sharp pace, but the economy is still behind where it was and may be challenged by a lack of stimulus.
The coronavirus has infected more than 44.48 million people globally, killing at least 1.17 million people so far.
What's the possibility of gold prices basing for a year or to after gold's ‘parabolic' move since 2018?
With the newest update just released, Perth Mint silver bullion sales surged in the first three quarters of 2020. And, for the first time in many years, the Perth Mint sold more than two million oz of silver bullion in a single month this year. The official silver coins produced...
With the newest update just released, Perth Mint silver bullion sales surged in the first three quarters of 2020. And, for the first time in many years, the Perth Mint sold more than two million oz of silver bullion in a single month this year. The official silver coins produced...
Will the drop last? Not likely, says a recent report from commodities consulting company CPM Group. “This move is expected to be short-lived,” the report states. Or put another way, this drop could be a buying opportunity.