Precious metals are apparently waking up. And here is where you can find the best deals.
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Sep 8, 2020 - 08:40:38 PDT
Charles Day, private wealth advisor and senior portfolio manager at UBS Wealth Management told Business Insider in an interview: "I do think the rally has paused over here. But in terms of being diversified, with everything that has gone on having a small allocation, maybe up to 10% is not a bad move right now."
Federal Reserve Chairman Jerome Powell recently announced that the Fed is abandoning “inflation targeting” where the Fed aims to maintain a price...
Sep 8, 2020 - 08:27:30 PDT
The number of American young adults living with their parents is at or near an all-time high, and the coronavirus pandemic is likely the reason, according to a new analysis.
On Fumes of Stimulus: California Starts Sending Out $900 Lump Sum FEMA Funded Unemployment PaymentsSep 8, 2020 - 08:22:37 PDT
Most states are also rolling it out. On top of other stimulus programs and housing payment deferrals via eviction bans & mortgage forbearance
(Bloomberg) -- Australia’s central bank will boost its bond-buying program or cut interest rates to help revive the economy from its first recession in almost 30 years, a survey showed.Seven of 11 economists predict the Reserve Bank will ramp up quantitative easing by expanding its bond purchasing program
The much-anticipated U.S. jobs report on Friday answered some important questions about the state of the labor market. Yet by also leaving some important issues outstanding, it will not serve as the much needed outside catalyst to resolve both the policy stalemate on Capitol Hill and the increasingly visible tug-of-war in financial markets.
The Philippine central bank is shifting to active gold trading as the monetary authority seeks to better manage the country’s international reserves, Governor Benjamin Diokno said on Saturday.
There is new evidence that the once-mighty dollar effect -- when markets traded everything in relation to the U.S. currency -- has faded. The 120-day rolling correlation between gold and a Bloomberg Barclays gauge of emerging-market dollar bonds has fallen below zero for the first time...
A $750 billion industry still struggling to bounce back from the last crisis is cracking under the Federal Reserve’s lower-for-longer mantra on U.S. interest rates. Prime money-market funds -- a long-time favorite for anyone seeking a cash-like investment with a little extra yield...
Record Gold Prices Create Insurance Headache for Vault Keepers: BloombergSep 8, 2020 - 07:13:18 PDT
Surging prices lift the value of many stashes above coverage limits.
Gold performs splendidly when money is being devalued, and such devaluation is yet to be widely understood by the great mass of...
In a podcast early last week, Peter Schiff called the surging stock market "the biggest bubble ever" and talked about some of the absurdities in the market, particularly in the Nasdaq. Then on Thursday, that bubble may have popped. Peter talked about it in his podcast Friday.
QE fundamentally changed finance. What commenced at the Federal Reserve with a post-mortgage finance Bubble, $1 TN Treasury buying operation morphed into open-ended purchases of Treasuries, MBS, corporate bonds and even corporate ETFs holding high-yield “junk” bonds. Markets assume it’s only a matter of time before the Federal Reserve adds equities to its buy list.
"We continue to see the devastating and long-lasting impacts the pandemic has had on the health and stability of the New York economy."
As the coronavirus impact eases, the Fed could fine-tune its balance sheet strategy to address financial market imbalances (even more carefully than before).
Futures on the Dow Jones Industrial Average were little changed in early morning trade and the S&P 500 futures were lower.
WASHINGTON (AP) — At least there won't be a government shutdown. But as lawmakers straggle back to Washington for an abbreviated preelection session, hopes are dimming for another...
The U.S. Federal Reserve's landmark shift to a more tolerant stance on inflation will be a drag on the dollar for years and will raise hard questions about the role of central banking, challenging policymakers from Frankfurt to Tokyo.
While not new and a long way from risk-free, the strategy celebrated in the Reddit forum r/wallstreetbets is at least fairly simple. Spend some money on bullish calls on shares you own in hopes of forcing the sellers to purchase the same stock as a hedge. An ensuing feedback loop drives everything higher, or so the theory goes.
U.S. Treasury Secretary Steven Mnuchin on Sunday said a deal between the White House and Congress would fund the federal government through the beginning of December and that details of the spending bill should be finalized by week's end.