Precious metals are apparently waking up. And here is where you can find the best deals.
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As America gets sicker and sicker and the economy stumbles, Federal Reserve Governor Jerome Powell has upped the dosage of the Fed’s monetary medicine. So much so it’s allowing stocks to defy financial gravity.
The Second Wave of a Rolling Bear Market Is About to Begin, Says Top ForecasterSep 24, 2020 - 07:56:03 PDT
“So we have a second wave coming, we have very wealthy people taking profits [on stocks] and we see a lot of speculation in the market. I think the market is going to start to go down again,” Lamoureux told MarketWatch recently.
Watch Live: Powell and Mnuchin Testify Before the Senate on the Economic Recovery: 10:AM ETSep 24, 2020 - 07:04:39 PDT
The hearing will mark the the second time both men have appeared together before Congress this week to discuss their response to Covid-19.
China’s Rapid Yuan Rise and Wave of Hot Money Inflows Prompt Concerns of Asset Bubbles and InflationSep 24, 2020 - 06:56:31 PDT
The rapid strengthening of the yuan exchange rate in recent weeks has triggered a debate in China about whether Beijing's recent moves to open up its domestic financial markets to more foreign investment might have resulted in an unwelcome wave of speculative "hot money" inflows that could result in imported inflation and asset bubbles.
The markets got clobbered again on Wednesday (Sept. 23) with the exception of the US dollar, which hit a 2-month high. Not even the bond market managed to rally even with the stock market selling off and a strong dollar. Gold was down nearly $40 on the day and silver hit a 7-week low.One of the big drivers of the sell-off was the perception that the Fed might be done with stimulus. In his podcast, Peter said this notion is wrong — at least in the long-term. But even if the markets were right, the stock market needs Fed stimulus a lot more than gold and silver do.
Stocks fell as renewed concerns over the state of the U.S. economy and mounting pressure on high-flying tech names dragged down the market.
What do we see today? A system that is Algo controlled...
Gold had another precipitous drop on Wednesday (Sept. 23), falling through the support level at $1,900 to a 2-month low. That has led some to ask - is the gold bull dead?The concern is understandable but I think it's too early to declare last rites. In order to believe the gold bull run is over, you have to believe the Federal Reserve is actually going to tighten monetary policy and the dollar is going to remain strong.That seems rather unbelievable.
Economist Stephen Roach Issues New Dollar Crash Warning, Sees Double Dip Recession Odds Above 50%Sep 24, 2020 - 05:40:10 PDT
Former Morgan Stanley Asia chairman Stephen Roach lists reasons why the dollar will plunge next year, and warns odds of a double-dip recession are growing.
Mark Cuban: Every Household in America Should Receive a $1,000 Stimulus Check Every 2 Weeks for 2 MoSep 24, 2020 - 05:35:55 PDT
Despite warning from experts that more stimulus is needed for economic recovery amid the pandemic, Congress is at an impasse and another stimulus package passing seems unlikely.
...last week's jobless claims are four times the pre-COVID-Lockdown average!
The U.S. dollar held at a two-month high on Thursday as investors sought its safe-haven appeal on growing concerns over the resilience of an economic recovery in the United States and Europe amid a second wave of coronavirus infections.
A group of investors who correctly timed the stock market’s bottom in March isn’t bargain hunting yet during the current selloff. Instead, they’re stepping up sales, flashing an ominous signal to any dip buyers. Corporate executives and officers at S&P 500 companies were busy unloading...
European Stocks and Dow Futures Fall as Goldman Slashes GDP View, Citing Lack of StimulusSep 24, 2020 - 05:24:25 PDT
European stocks dropped and U.S. stock futures weakened on Thursday, as investors have largely given up on the idea that the U.S. Congress will provide new...
Euro-zone banks are gearing up for another dose of ultra-cheap funding as the European Central Bank gives them every possible incentive to lend to the pandemic-stricken economy.Thursday’s installment of targeted loans, known as TLTROs, will give banks long-term loans for an interest rate...
The Swiss National Bank is trying to head off tougher criticism from the U.S. about its aggressive currency activity as it pledged to keep fighting the strong franc.
After a decade of scandals and multiple bailouts, Banca Monte dei Paschi di Siena SpA is back in the spotlight. This time, the Italian government is shopping around the 1.5 billion-euro ($1.7 billion) lender ahead of a European Union deadline for Rome to exit the bank next year.
Europe Is Facing a Double Dip Recession as Coronavirus Second Wave ArrivesSep 24, 2020 - 05:14:11 PDT
Many economists who predicted a rebound in the second half of the year are now questioning those forecasts.
European stocks retreated Thursday as investors' hopes for economic recovery following the coronavirus pandemic falter amid a second wave of cases.
The coronavirus has infected more than 31.91 million people globally as of Thursday, killing at least 977,109 people so far.