Precious metals are apparently waking up. And here is where you can find the best deals.
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Top Military Leaders Self Quarantining After Positive Coronavirus Test at PentagonOct 6, 2020 - 12:25:30 PDT
Last week, Coast Guard Vice Commandant Adm. Charles Ray participated in meetings at the Pentagon, some of which included members of the Joint Chiefs of Staff, the nation's top military leaders.
Boeing Slashes Forecast for Aircraft Demand, Expects Pandemic to Hurt Sales for More Than a DecadeOct 6, 2020 - 12:22:18 PDT
Boeing is cutting its expectations for new commercial aircraft demand over the next decade, citing what it estimates will be a years-long slump in travel demand because of the coronavirus pandemic.
Stocks Suddenly Drop Suddenly After Trump Calls Off Stimulus Talks, Dow Down 300 PointsOct 6, 2020 - 12:19:35 PDT
Stocks were lower after President Donald Trump instructed White House officials to halt negotiations on further coronavirus stimulus.
This gold chart amazes Mike Maloney--and it'll amaze you, too. His chart master created an interactive chart you haven't seen elsewhere and shows the incredibly strong correlation between the 1970s bull market and today, and actually hints at what price gold will peak at and when. Tune in to see how gold is echoing the past and what it likely means for the near future.
Economic recovery is coming, we are told, because the economy has found a new equilibrium. We are supposedly adapting to the new-normal pandemic world, with monetary and (some) fiscal stimulus filling any gaps. Except that’s not what the data says.
Silver at $25 per ounce is incredibly cheap. Gold should be at least $10,000 per ounce right now and $20,000 per ounce when adjusting for inflation...
The COVID-19 shock will double company default rates across the United States and Europe over the next 9 months, ratings agency S&P Global said on Tuesday, although it noted that the record downgrade pace of recent months was now slowing.
Only ominous near-term scenarios exist. Either we let the economy implode, or we maintain it on artificial resuscitation.
The average number of weeks people remain unemployed is on the rise and it will get much worse.
Oct 6, 2020 - 09:29:44 PDT
When both parties in Congress came together in March to pass the CARES Act, which was signed into law by President Trump on March 27, the clear intention of the legislation was for the U.S. Treasury to hand over $454 billion of taxpayers’ money to the Federal Reserve.
Oct 6, 2020 - 09:23:54 PDT
Estimates say, in 2020 alone, the U.S. Federal Reserve has created 22% of all the USD issued since the birth of the nation.
U.S. commercial bankruptcy filings are up 33% so far this year with new cases in September surging by 78% from a year earlier as the recession triggered by the COVID-19 pandemic hits small businesses, data released on Monday showed.
It pays today to never underestimate the venality of the people who think they run the world. It also pays to listen to them when they say the most outrageous things.
Dollar’s Strength to Be Short Lived; Volatility and Weakness Ahead: Reuters PollOct 6, 2020 - 09:07:54 PDT
The recent surge in the U.S. dollar will last less than three months, according to a majority of foreign exchange strategists polled by Reuters who said the greenback would have a roller coaster ride in the run-up to the U.S. presidential election.
Volatility in emerging market currencies will not let up in the next six months as U.S. presidential election jitters mount and domestic economic growth tapers off, a Reuters poll of market strategists showed.
BIG STORY: Big Bank Cannot Wait Until December For Delivery, Moving In On October Gold!October 6, 2020
It looks like one of the new leaders needs to move a lot of gold from New York to London, and they just can't wait until December as they...
The dollar’s positive correlation with U.S. equities may break this quarter due to a drop in its carry-trade appeal and a possible fiscal stimulus package.Data from the last 10 years show the Bloomberg Dollar Spot Index has risen on average about 1.7% in the fourth quarter...
“Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses,” Powell said in the text of a speech for a virtual conference hosted by the National Association for Business Economics.
Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has "a long way to go."
US Labor Market Topping: Job Openings Post First Monthly Drop Since Covid CrashOct 6, 2020 - 07:53:09 PDT
This was the first monthly drop in total job-opening since the March/April crash in the labor market, suggesting the recent V-shaped recovery in the labor market may be peaking.