Precious metals are apparently waking up. And here is where you can find the best deals.
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As the next 6-month low in gold approaches, I wanted to share some thoughts on where I believe the bull market in gold is headed. Any dip from here is considered a long-term buying opportunity.
What Will Happen To Gold Under The Fed’s New Monetary Framework? | OilPrice.comOct 5, 2020 - 06:50:10 PDT
As the Federal Reserve continues to combat America’s struggling economy, gold prices may still have some upside
Global de-dollarization resumed in the second quarter according to data recently released by the International Monetary Fund (IMF).While the dollar share of global reserves increased in the first quarter of 2020, it fell sharply in Q2, resuming a more than two-year trend downward.
It’s time for our quarterly report on gold, something we like to do because it helps investors track the industry, as well as keep us focused on the bigger picture and not daily gyrations. Here’s an examination of gold’s performance during the third quarter of 2020, along with its year-to-date performance vs. other major assets. I’ll also highlight the potential catalysts that show the price is not just consolidating, but coiling…
The light is dimming for one of the few glimmers of hope amid the Covid-19 economic crisis.
The Japanese economy in severe condition but picking up. Uncertainties surrounding the outlook remain extremely high. The economy likely to improve as
European Central Bank President Christine Lagarde is running to stand still. Her policy rate is at a record low. But the weakness of inflation means that the real rate, which is adjusted for changes in prices, is actually rising. This may buoy the euro – the last thing that...
Deflationary pressures in Eurozone should persist until at least year-end pushing ECB to act as soon as December.
In Europe, according to Eurostat, the unemployment rate increased to 7.4% in August, while in the euro area it rose to 8.1%. However, more than 10 million workers remain in furloughed jobs,...
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are working toward striking a stimulus deal but have said they still have disagreements.
Millions of Americans in Non Essential Jobs Feeling Pain of Coronavirus: ReportOct 5, 2020 - 05:02:17 PDT
Unemployment stretched from weeks into months, but lots of uncertainty if jobs will ever return
Almost three-quarters of the pandemic-driven jobs losses in the U.S. petroleum and chemical sectors may not come back before the end of next year, according to Deloitte LLP.The collapse in oil demand and prices spurred the fastest rate of oil- and chemical-industry layoffs in history,
Cineworld Brings Down the Curtain on U.S., U.K. Theaters; 45,000 Jobs HitOct 5, 2020 - 04:55:16 PDT
Cineworld, the world's second-biggest cinema chain, will close its UK and U.S. movie theatres this week, leaving as many as 45,000 workers unemployed, as it fights a coronavirus-related collapse in film releases and cinema-going.
Business Leaders Call for Urgent Reforms as Global Economy Faces Its ‘Worst State in a Century’Oct 5, 2020 - 04:52:39 PDT
Top business leaders say the global economy is facing its worst crisis in a hundred years, and "downside risks remain elevated" unless urgent reforms are enacted during the G-20 summit hosted by Saudi Arabia in November.
Global cases: More than 35 million. Global deaths: More than 1 million. U.S. cases: More than 7.4 million. U.S. deaths: More than 209,000
We got the September jobs report on Friday but it was completely overshadowed by the announcement that President Trump tested positive for COVID-19. Peter talked about the ramifications of both in his podcast.
Money managers who don’t recommend gold to their clients are becoming the exception rather than the rule...
With the enormous investor demand for Silver Eagles, the U.S. Mint sold nearly three million official coins in September. While this wasn't the highest monthly amount this year, it was a record when we compare the Silver Eagle sales to Gold Eagles. And, it seems that U.S. citizens are purchasing...
Gold is well above important support and well above its rising 200-day moving average. So the fact is that that this drop has...