Precious metals are apparently waking up. And here is where you can find the best deals.
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At some point the dollar index will quickly revisit the 70 level it tested in 2008. When that event occurs, expect the gold price to be at least...
The U.S. Federal Reserve last month signaled that interest rates are likely to stay at zero through 2023, vowing to wait on rate hikes until inflation reaches 2% and is set to rise moderately above that level for a time.
Gold prices edged up on Wednesday, after hitting a one-week low in early trade, lifted by renewed fears over economic recovery and uncertainty around the U.S. presidential election after President Donald Trump's Covid-19 diagnosis.
As Peter Schiff put it in his podcast, President Donald Trump tweeted the fiscal stimulus rug out from under the markets when he abruptly announced he was ordering his representatives "to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business.”The Dow tumbled just over 375 points and the NASDAQ fell 1.6%. Gold also dropped, falling back below $1,900 an ounce.
“I think that there’s an instinct to think that cash is the lowest risk asset, because it has less volatility, and also because we look at everything through the lens of cash – what is everything in dollars worth,”
Europe’s Major Economies Predict More Dire Declines to Come as Coronavirus RagesOct 7, 2020 - 05:02:16 PDT
Major European economies are warning of worse growth rates to come on the back of a second wave of coronavirus infections.
Investor Peter Boockvar Warns Inflation Would Spark the ‘Market’s Worst Nightmare’Oct 7, 2020 - 04:59:58 PDT
Bleakley Advisory Group’s Peter Boockvar believes Wall Street is on the cusp of taking inflation more seriously.
Total Billionaire Wealth Surges to Record High of $10.2 Trillion During Coronavirus CrisisOct 7, 2020 - 04:54:21 PDT
The number of billionaires worldwide also reached a new high of 2,189, compared to the previous record of 2,158 in 2017.
Oct 7, 2020 - 04:51:45 PDT
While federal food assistance programs hang in the balance, food banks continue to see crushing need.
Trump Pushes for Smaller Relief Bills After Abandoning Broader Stimulus TalksOct 7, 2020 - 04:47:27 PDT
“If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?” Trump tweeted Tuesday night.
Mortgage Rates Set Another Record Low, Sparking New Strength in RefinancesOct 7, 2020 - 04:45:03 PDT
Mortgage rates moved even lower last week, after setting multiple record lows over the last several months. That caused more borrowers to call their lenders and apply for a refinance, but it did not motivate homebuyers quite as much.
Wearing a mask may save your life. Or it may just give you a vastly reduced or even asymptomatic experience with Covid-19 the disease.
"The low at about $1875 is light support...The $1788 zone is a large buying area."
The world is getting ready to head over the Thermodynamic Energy Cliff. Unfortunately, the world is unprepared for the Energy Cliff's negative impact because virtually no one understands it or sees it coming. So, unless we make a drastic change, and quickly, the U.S. and world economies will go down...
Gold futures finish lower on Tuesday, a day after settling at their highest price in just over two weeks on the heels of a weaker U.S. dollar.
Lighthizer Says US Trade Deficit in 2020 Has Been Largely Due to Non Monetary Gold ImportsOct 6, 2020 - 13:12:58 PDT
U.S. Trade Representative Robert Lighthizer said on Tuesday that the higher U.S. trade deficit in 2020 has been largely due to non-monetary gold imports and that President Donald Trump's trade policies were working despite a $67.1 billion August trade deficit that was the...
Wayne Gordon, executive director for commodities and foreign exchang at UBS Global Wealth Management, talks about the Australian dollar and commodities including gold and oil.
The implications for gold remain bearish...
Chapter 11 Bankruptcies Surge, Commercial Chapter 13 Bankruptcies Plunge, 420,000 Businesses ClosedOct 6, 2020 - 12:45:51 PDT
Stimulus and bailouts had a huge impact, for those that got them, and for those that didn’t.
Hurricane Delta Prompts Operators to Shut Over 29% of Gulf Oil ProductionOct 6, 2020 - 12:30:14 PDT
In preparation for Hurricane Delta, which intensified into a major Category 4 storm on Tuesday, offshore energy operators in the Gulf of Mexico have...