Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold retreated 1% to near $1,900 an ounce on Thursday on better-than-expected U.S. jobs data, with appeal of the metal further weighed down by a stronger dollar and doubts over a U.S. stimulus package before the presidential elections.
Markets Are in ‘Eye of the Storm’ & Mounting Turmoil Will Drive Stocks Lower: Scott MinerdOct 22, 2020 - 12:44:26 PDT
Markets are enjoying a period of relative calm, but investors should prepare for a volatility burst as the U.S. heads toward the 2020 presidential election and while the economy is still dealing with the disastrous effects of the coronavirus pandemic, says Scott Minerd of Guggenheim Partners.
The dollar index edged higher on Thursday, backing off of a seven-week low as hopes for a coronavirus relief package ahead of the Nov. 3 U.S. elections faded and COVID-19 cases surged around the world, boosting demand for safe-haven assets like the greenback.
Government-imposed restrictions intended to slow the spread of Covid-19 continue to wreak havoc on the economy and the labor market. The longer consumers remain restricted and businesses remain closed or limited...
After all, it has been a tried and tested policy of kings and queens over hundreds of years. Too often, those with access to the printing press are prepared to take undue risks in the hope that “this time it’s different”.
Commodities Headed for Bull Market in 2021 on Inflation Fears, Stimulus: Goldman SachsOct 22, 2020 - 10:11:09 PDT
A weaker U.S. dollar, rising inflation risks and demand driven by additional fiscal and monetary stimulus from major central banks will spur a bull market for commodities in 2021, Goldman Sachs said on Thursday.
Where is gold headed as we get closer to 2021? Will it offer protection from the 'Crack Up Boom' we are experiencing? Mike Maloney recently spoke with Ronnie Stoeferle of Incrementum AG, watch what they have to say about gold in today's video update.
Central banks eye tech warily, and each other...
Lacy Hunt at Hoisington Management Has Two Potential Sources of Inflation on His MindOct 22, 2020 - 09:07:02 PDT
Please consider the Hoisington Quarterly Review and Outlook for the third quarter of 2020. Lacy Hunt starts off with conditions central banks must meet to stimulate the economy.
Down to Earth View of the “Recovery” in Near-Real Time, Eight Months into the PandemicOct 22, 2020 - 09:01:18 PDT
As seen by indicators that have sprung up as a result of the Pandemic.
It seems that nearly all of The Banks and Bullion Banks are raising price forecasts and rallying around the precious metals. Is this a good thing or...
Pelosi Cautions That Congress May Be Far From Passing a Stimulus Bill Despite Progress on a DealOct 22, 2020 - 08:57:22 PDT
Pelosi plans to speak to Treasury Secretary Steven Mnuchin again Thursday as they to strike a coronavirus stimulus deal.
Goldman Is Clawing Back Millions in Pay From CEO David Solomon, Lloyd Blankfein and OthersOct 22, 2020 - 08:55:29 PDT
Goldman Sachs is moving to claw back tens of millions of dollars in compensation it’s paid executives including CEO David Solomon and former CEO Lloyd Blankfein over the 1MDB international scandal.
The lira sank to a record low after Turkey’s central bank unexpectedly held back from raising its key interest rate.Traders had been holding out for a fresh increase on Thursday after policy makers hiked rates at their previous meeting.
While the world wrestles with a deadly pandemic and how to confront climate change, there’s another, long-term global challenge that no one really knows how to deal with: Population aging.
Eurozone Government Borrowing Soars as Countries Seek to Cushion Covids Blow: WSJOct 22, 2020 - 07:48:01 PDT
Government borrowing in the eurozone surged to its highest levels since the creation of the currency union, as countries spent hundreds of billions of euros to cushion their populations against the pandemic’s devastating economic impact.
Former Fed Greenspan: The US Is Entering a Period of Slow Economic Growth on Lowered ProductivityOct 22, 2020 - 07:44:12 PDT
"I'm very much concerned about this and I don't know how we're going to get out of it very quickly," Greenspan said.
Insider Trading and Congress: How Lawmakers Get Rich From the Stock MarketOct 22, 2020 - 07:34:43 PDT
Congressional insider trading has long been a hot issue, and lawmakers continue to look for a way to put an end to the practice. In 2012, the STOCK Act was passed following allegations of insider trading before the 2008 financial crisis.
Gold Loses Ground as U.S. Dollar Bounces, Treasury Yields Continue Edging HigherOct 22, 2020 - 07:25:54 PDT
Gold pulls back from one-month high as the U.S. dollar bounces and U.S. Treasury yields continue to push higher.
CBDC as a store of value threatens financial system, says German officialOct 22, 2020 - 07:15:16 PDT
The German central bank is considering alternative to CBDC as a digital payment solutions.