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Goldman Once Again Goes Long Silver, Expecting the Precious Metal to Hit $30 in the Coming MonthsOct 12, 2020 - 08:26:38 PDT
As a result of the renewed euphoria over solar energy, the biggest beneficiary may be none other than silver, and none other than Goldman has just issued a new trade reco to buy silver with a $30 price target.
The next move in Silver is a rally to levels near $28, then stalling briefly before the next “appreciation” phase begins pushing Silver above...
The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression, and a recovery dependent on scientists finding a coronavirus vaccine.
Bank of Japan Governor Haruhiko Kuroda said on Monday that he did not see the need for a negative income tax or a basic income as the country already has a well-established system of medical insurance and pensions. "At this stage, I don't think we need a so-called negative income tax or basic
When it comes to loan losses sparked by the Covid-19 pandemic, U.S. banks aren’t taking any chances.The nation’s four biggest lenders probably set aside about another $10 billion for bad loans in the third quarter, according to analysts’ estimates compiled by Bloomberg, even though stimulus...
The Bank of England is seeking information from U.K. financial institutions on their ability to implement negative interest rates without damaging their business.The BOE and the Prudential Regulation Authority are conducting a survey as part of their analysis of the policy.
The Bank of Japan’s escalating presence in almost every corner of the nation’s financial markets threatens to further distort activity and complicate any future pulling back from stimulus.The central bank’s growing pile of assets has now reached the equivalent of 137% of gross domestic
The European Central Bank isn’t happy with the inflation outlook and will decide “meeting by meeting” whether more monetary stimulus will be needed, chief economist Philip Lane said in an interview with the Wall Street Journal.Lane pointed to data arriving over the coming weeks that will
I could see where this was going, which was my wife grinding me into the ground, picking at me because of my many faults, real or imagined, usually about the damn kids. Usually some jibber-jabber along the lines of her sweetly saying “You know, dear, that the kids and I would love it if you _____ (insert one): paid attention to them, asked them how their stupid day went, stopped being such a jerk, remembered their stupid names, or all of the above.”
Chicago Fed President Charles Evans said the central bank can ramp up its asset purchases to provide more stimulus if the U.S. economic recovery falters.
Japan must amend central bank laws to issue digital yen, says official.
The ECB Is Looking ‘Very Seriously’ at the Creation of a Digital Euro, Lagarde SaysOct 12, 2020 - 07:32:30 PDT
The European Central Bank moved a step closer to exploring the creation of a virtual currency, after president Christine Lagarde said on Monday it was "very seriously considering" a digital euro.
The ECB’s chief economist says the eurozone economy faces a rocky patch after an initial rebound from its sharp spring contraction, with inflation still far too weak.
Oct 12, 2020 - 07:25:45 PDT
Local budgets are facing a wave of austerity that could be avoided with low-interest lending by the Fed, a new report suggests.
Congress Needs to Be ‘Aggressive’ With Economic Assistance to Boost Recovery, Fed’s Kashkari SaysOct 12, 2020 - 07:24:04 PDT
Minneapolis Federal Reserve President Neel Kashkari is urging Congress to be "aggressive" with economic assistance in order to boost the United States' recovery from the coronavirus pandemic.
Bank of Japan Governor Haruhiko Kuroda stressed on Monday his readiness to take additional monetary easing steps, saying the central bank had not run out of tools to cushion the economic blow from the COVID-19 pandemic.
Oct 12, 2020 - 07:10:26 PDT
New restrictive measures including local lockdowns will probably be implemented in coming weeks pushing 4Q GDP into contraction in several EU countries.
Globally, ETFs added gold for the 10th straight month in September and pushed total inflows to over 1,000 tons on the year.The previous yearly inflow record was 646 tons set back in 2009.Gold ETF holdings increased by 68.1 tons last month, despite the metal's worst monthly price performance since November 2016, according to data released by the World Gold Council.
Last week, President Trump tweeted the rug out from under stimulus when he announced that negotiations were going to be cut off until after the election. The markets immediately tanked. But Trump quickly reversed course. As Peter Schiff explained in his podcast, the president is now in the process of out-Democrating the Democrats on the stimulus issue. Peter said the Republicans lost the argument the moment they conceded stimulus is "good" for the economy.
Gold futures on Monday inch slightly higher, holding at around three-week peak, despite gains on equities and a stronger U.S. dollar, which had been a drag...