Precious metals are apparently waking up. And here is where you can find the best deals.
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UBS has raised its gold price forecast for next year from $1,850 to $2,100 per ounce, said Yeoh Choo Guan, the bank's head of ASEAN global markets.
Gold prices gained on Friday buoyed by a weaker dollar and lingering concerns over an economic recovery from the damage inflicted by the coronavirus pandemic that were underscored by elevated weekly U.S. jobless claims data.
The Next Wave of the Global Recovery Could Send Commodity Prices SoaringSep 18, 2020 - 05:45:15 PDT
The next phase of the economic recovery is likely to be driven by commodity-intensive infrastructure investment, analysts have told CNBC.
Stocks struggled on Friday on investors' concerns about a resurgence in coronavirus cases and lingering disappointment that central banks merely affirmed their monetary support this week without promising new stimulus.
Dalio on Capitalism’s Crisis: The World Is Going to Change ‘In Shocking Ways’ in the Next Five YearsSep 18, 2020 - 05:28:31 PDT
Americans look at the value of everything in U.S. dollars, but they don’t look at the value of the dollar. You’re in an environment where you have to be cautious about that, because the easiest way out for government is to do what the U.S. just did, which is to borrow and print a lot of money.
Senate Dems Propose Forgiving $1.5Trillion in Student Debt for Borrowers Due to PandemicSep 18, 2020 - 05:17:57 PDT
Senate Democrats announced a resolution Thursday to cancel up to $50,000 in student debt for borrowers.
European Central Bank (ECB) Governing Council member Paolo Hernandez de Cos said that the additional stimulus cannot be ruled since the economic recovery slowed down last month.
Japan Turns to ‘Suganomics’ but Analysts Say the Policy Will Likely Continue Abe’s LegacySep 18, 2020 - 05:07:18 PDT
Japan's new prime minister Yoshihide Suga will likely pull out all stops to revive the economy badly hit by the coronavirus pandemic but still continue the policies of outgoing leader Shinzo Abe.
Sep 18, 2020 - 05:04:02 PDT
The deadline to register for coronavirus relief is October 15. The IRS will begin sending letters this month, urging people who have not gotten their money to do so while they still can.
Government Mortgage Bailout Numbers Improve Slowly, but the Real Test Is AheadSep 18, 2020 - 05:00:12 PDT
The number of borrowers in government covid-related mortgage bailout programs is shrinking, but those in private-label or bank bailouts is rising.
The Market Isn’t Convinced the Federal Reserve Can Achieve Its Inflation ObjectiveSep 18, 2020 - 04:48:04 PDT
While the move to "average inflation targeting" is in a respect historic for the Fed, market participants remain largely skeptical that the central bank can achieve its newly defined goal.
This is excellent for gold...
One year ago today - something massive happened in the global markets that marked the beginning of the current crisis. No, it wasn’t the health crisis that kicked off this industrial scale panic…tune in to Mike Maloney’s latest analysis to see the evidence of this event as well as conclusive proof that financial models are not only wrong, but broken. Do you really think the Fed knows what is doing?
We are experiencing a return to the gold standard...
GOLD-SILVER-RATIO: The Important Ratio Zones & Where Big Silver Gains Will Be MadeSeptember 18, 2020
The BIG SILVER GAINS will be made when it falls into ZONE #1 of the Gold-Silver Ratio Chart. There are four distinct zones in the Gold-Silver Ratio chart where individuals can exchange one metal for the other to increase profits while staying invested in the precious metals. While there...
Sep 17, 2020 - 13:42:51 PDT
Mohamed El-Erian, Allianz chief economic advisor, joins 'Closing Bell' to share this thoughts on why the market has been experiencing so much volatility over the last 24 hours since the Fed announced it would not change interest rates.
Sep 17, 2020 - 12:27:26 PDT
“The biggest worry is to make sure we have a resilient economy,” Fink said.
There is no subtler, no surer way of overturning the existing basis of society than to debauch the currency.
The group estimates that the Social Security COLA for 2021 could be about 1.3%. That is less than the 1.6% adjustment made for 2020 and one of the lowest increases Social Security has ever had.
Sep 17, 2020 - 12:09:59 PDT
The wealth of 643 of US' richest billionaires rose from $2.95 trillion to $3.8 trillion between March 18 and September 15, a report by the Institute for Policy Studies and Americans for Tax Fairness said.