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"A slowdown in hiring and weaker new order inflows were in part attributable to hesitancy in decision making ahead of the presidential election..."
Gold has been trading sideways for several weeks. But there are all kinds of reasons to be bullish on the yellow metal. So why isn't the price of gold rising faster? Where are the gold bulls? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey tries to answer that question and discusses some of the reasons people should be buying gold.
Cantankerous, divisive, even violent—choose your adjective, but the upcoming US election is on a level we haven’t seen in a long time. Even on my own street there are strong feelings on both sides, and a third side that is simply trying to stay out of the line of fire.Who wins? Well, believe it or not, I already know the answer to that…Three Basic OutcomesThere are a lot of ways this election could go, but let’s look at the three most likely outcomes, and the impact each might have on citizens and the markets.No Decision, Outcome Unknown
House Speaker Nancy Pelosi on Thursday reported progress in talks with the Trump administration for another round of fiscal aid and a deal could be reached "pretty soon". There could also be additional inflows into gold exchange traded funds - often a gauge of investor sentiment...
Concerns over a slowing economic recovery have pushed the Fed to open the possibility of further ramping up its asset purchases or changing the targets of its asset purchases.
The Tech Giants Are at Risk of a 2001 Style Valuation Collapse: SocGen StrategistOct 23, 2020 - 05:48:19 PDT
Technology stocks are at risk of a 'Brutus-like denouement' if they appear to be cyclical stocks in disguise, strategist says.
Stimulus from the federal government and Federal Reserve help banks put off big losses...
Russian President Vladimir Putin said Thursday there is no need for a Russia-China military alliance now, but noted it could be forged in the future. Putin's statement signaled...
\Russia’s central bank kept interest rates on hold for a second straight month, but left open the possibility of future cuts as an economic recovery falters.
Negative interest rates would punch a big hole in UK banks' profits without necessarily delivering the intended lifeline to Britain's frail economy, senior bankers have warned. The Bank of England has not ruled out cutting rates below zero, taking a leaf out of the European Central Bank's book, to jump-start lending and spur companies to invest and protect jobs. Crucially, boosting lending to businesses and retail customers in the age of COVID-19 is far more challenging than in 2014 when the ECB rolled out negative rates.
Amid the gloom of the pandemic’s second wave, some European enthusiasts are wondering whether this crisis might finally usher in a “fiscal union” of states — something akin to the U.S.The roaring success this week of the European Union’s first social bond,...
Fifty-one percent of American adults consider the coronavirus pandemic economy worse than the 2008 recession, according to findings of a new survey from Edelman Financial Engines.
he COVID-19 pandemic has plunged the Western Balkans region into a deep recession, with drops in both domestic and foreign demand, coupled with disruptions in supply chains, forcing all six countries in the region into negative growth territory for 2020.
Euro zone economic activity slipped back into decline this month as a second wave of the coronavirus sweeps across the continent, heightening expectations for a double-dip recession, surveys showed on Friday.
The coronavirus has infected more than 41.3 million people globally as of Thursday, killing at least 1.13 million people so far.
Central bankers will need to restore confidence, and they will turn to some type of gold standard to do so. We’re a long way from that point right now. But […]
"Should such a Handle now form it would clearly be a source of major annoyance and frustration...holdings would generally go nowhere for a year or two."
World's Top Mining Companies Fuel Consumption Equals How Many Earth's Population Of Human Energy?October 23, 2020
In a never-before-seen chart, the world's largest mining companies' amount of fuel consumption would equal a staggering amount of human workers. Unfortunately, there aren't enough people on the earth to provide the same amount of energy consumed as fuel by the top miners. Not even close...
With the Fed’s hyperinflation campaign spiraling out of control, investors are taking delivery of precious metals on the COMEX...
The dollar collapse has already begun and the need for a new monetary order is now emerging. I believe it will involve gold. The question is whether it will be an orderly process resulting from a new monetary conference, or a chaotic one.