Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals news
Sep 4, 2020 - 13:03:01 PDT
Research agency Standard & Poor’s (S&P's) Global Market Intelligence says major gold miners globally have seen their economically mineable gold reserves decline over the last decade, owing to a lack of new discoveries and a shift away from growth strategies to margin preservation.
With top producers facing declining production profiles, shrinking reserves and a return to rising production costs, the agency is expecting many to expand organic exploration in the near term ,while leveraging targeted acquisitions to supplement their depleted pipelines.
Investors Flock to Gold, Bonds Ahead of ‘Choppy’ Pre-U.S. Election Trade: BofASep 4, 2020 - 12:59:42 PDT
Investors poured money into bond and gold funds in the week to Sept. 2 and pulled out of equities, BofA's weekly flow statistics showed on Friday, as U.S. election fears curbed risk appetite.
"We think that the economy's going to need low interest rates, which support economic activity, for an extended period of time," he said. "It will be measured in years."
The rise of the "negative inflation-ists" is yet another sign of just how devoid from reality the current market and economy is.
At the recent Jackson Hole Economic Summit, Jerome Powell unveiled the Fed's new monetary policy designed to create inflation. Unfortunately, there are 5-reasons why the Fed will not get inflation, and why deflation is the bigger risk.
The mechanics of persistently falling yields (as yields move inversely to price) over several decades have also acted to inflate a massive bond bubble. The demand for corporate bonds come from a variety of sources. These mainly include foreign investors, investment funds (i.e. mutual funds, ETFs,
U.S. Is Still in a ‘Very Significant Recession’ Despite Job Gains, Fed’s RosengrenSep 4, 2020 - 12:00:42 PDT
We have a long way to go before we are fully recovered, but I will say this employment report was a very positive one," Boston Fed President Eric Rosengren told CNBC's Steve Liesman during an interview on "The Exchange."
Chair Powell wants prices to pick up, but needs support in the form of fiscal stimulus.
Worries of a K-shaped recovery are growing in the alphabet-obsessed economics profession. That would entail continued growth, but split sharply between industries and economic groups.
The BLS says the unemployment rate fell from 10.2% to 8.4%. Other BLS data casts doubt on the number.
"When the next crisis comes along they will land on the same sorts of heavy-handed solutions they did this time. The only thing that will chasten them is the anger of the American people. Politicians did far more harm to Americans than Covid-19 did, and that’s what the American people need to...
The Fed Emperor’s New Clothes Show is a continuous comedy without laughter. The latest act, the virtual Jackson Hole conference (August 27), was dreadful.
Yesterday, the Congressional Budget Office released updated budget projections. The most important numbers in that report show what’s happening with the overall fiscal burden of government…
A friend recently asked me, “How is anyone going to be able to retire?” Since 2008, the retirement landscape has changed radically.
Like it or not, governments now play a major role in determining who has access to and who can use capital. In a sense, they have positioned themselves in the center of the capital allocation chessboard.
Stock Market Rout Continues for a Second Day as Dow Falls Over 500 Points, Nasdaq Drops 5%Sep 4, 2020 - 08:35:06 PDT
Stocks struggled to find their footing on Friday even after the release of solid U.S. jobs data as tech fell once again.
Fed Issues Corrected U.S. Stress Test Results After Identifying Error in Initial June ReleaseSep 4, 2020 - 08:15:11 PDT
The U.S. Federal Reserve on Friday issued corrected stress test results after identifying an error in projected trading losses from its June 2020 initial release.
Can you believe it's already Labor Day weekend?In some ways, 2020's stay has dragged on seemingly forever — like an unwanted aunt visiting "for a while." But in other ways, 2020 has just flown by. I mean, it's already fall — although I live in north Florida so it feels like anything but fall.
Today, institutional participation – the enormous Wall St and global wealth management and investment firms and their clients from hedge funds to pension funds – in the gold market is minimal.But with interest rates near zero globally, we’re seeing signs that this is changing rapidly.The latest such news was first brought to our attention by our investor, Gold Bullion International, who services institutions like these: the Ohio Police and Fire Pension fund announced it will allocate 5% of its assets to gold.
SoftBank is the “Nasdaq whale” that has bought billions of dollars’ worth of US equity derivatives in a move that stoked the fevered rally in big tech stocks before a sharp pullback on Thursday, according to people familiar with the matter. The Japanese conglomerate has been snapping up options in tech…