Precious metals are apparently waking up. And here is where you can find the best deals.
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We are on a record pace for retail store bankruptcies in 2020. How many can you name?
Bank of San Francisco economists appear to have soured on negative interest rates as a strategy after having previously written positively about them.
"When we do have a recession, which again I point out is likely to be after the election (the only meaningful data point between now and the end of next year), the deficit will explode to over $2 trillion per year and, without meaningful reform, never look back. That puts US debt at $35 trillion+ by the end of 2029."
"Tremendously Low" Rates Send Pending Home Sales Soaring To Record HighsSep 30, 2020 - 07:18:29 PDT
This sent the YoY rise in pending home sales to +20.5% - the biggest annual gain since April 2010...
European Central Bank President Christine Lagarde said it’s worth examining a Federal Reserve-style strategy that allows inflation to temporarily rise above the institution’s target.
The Swiss National Bank spent 90 billion francs ($98 billion) on interventions in the first half of 2020, the most in years, amid a market rout in the early days of the coronavirus pandemic.
Italy’s market crisis may have subsided, but the debt worries that caused it will haunt Europe for a while yet.
Dow Rises 250 Points as Mnuchin Says Lawmakers Will Give Stimulus a ‘Serious Try’Sep 30, 2020 - 06:54:45 PDT
U.S. stocks climbed on Wednesday amid rising hopes for further fiscal stimulus.
This is well above the highest (56.3) estimate from analysts... this is in fact a 10-Sigma beat!
ADP Employment Beats Expectations but Remains at the Same Level It Was at in Dec 2014Sep 30, 2020 - 06:45:05 PDT
As a reminder, Friday's is the last payrolls data ahead of the election.
Central bank gold-buying is expected to ramp up again in 2021 with Russia and China possibly entering back into the market.Citigroup and HSBC Securities both expect an increase in central bank gold purchases next year after a drop-off in 2020.
This was a modest improvement from the even worse previous estimates.
As the entire world destabilizes, there's a HUGE MOVE out of the dollar and INTO GOLD...
Gold's recent correction has taken silver down with it. The white metal dipped below $21 an ounce at its lowest, about $8 off its August highs.That has led some to speculate that we've seen a knockout blow for silver. These are generally the same people who have declared the gold bull dead. But I think it's way too early to hang "rest in peace" over the silver market for the same reasons I don't think the gold bull run is over. In fact, this may be an ideal buying opportunity.
“The broader push to buy gold is clear amid a longer-term de-dollarization trend and a bias toward reserve diversification,” said Aakash Doshi, head of commodities for North America at Citi Research.
Fed’s Rosengren Worries About Risks to Lending From Prolonged Virus Threat: WSJSep 30, 2020 - 05:00:10 PDT
Boston Fed President Eric Rosengren said his outlook for the U.S. economy is more pessimistic than some of his colleagues because his concerns that the persistence of the coronavirus pandemic will prevent a return to more normal levels of activity.
What would be a good first sign for the bulls? A break and close above this level...
Money Market Turmoil in March Shows Past Reforms May Be Insufficient: U.S. Treasury OfficialSep 30, 2020 - 04:51:25 PDT
Turmoil in money market mutual funds sparked by the coronavirus pandemic shows that decade-old reforms to the $4.4 trillion industry may not be enough to avert major outflows during a future crisis, Deputy U.S. Treasury Secretary Justin Muzinich said on Tuesday.
The Fed has unleashed a bond bubble monster of epic proportions.
Mortgage Demand Falls Nearly 5%, Even as Interest Rates Set Another Record LowSep 30, 2020 - 04:37:56 PDT
Despite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according to the Mortgage Bankers Association.