Precious metals are apparently waking up. And here is where you can find the best deals.
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Peter Schiff has been warning about a dollar collapse for years. Now we're starting to see some mainstream bearishness on the greenback.The dollar hit a more than 2-year low on Monday and closed out August with its fourth straight monthly loss. It was the worst August in five years for the dollar and the longest run of monthly losses since the summer of 2017. The dollar is down about 11% from its 2020 peak.
Our positive view on precious metals remain unchanged and has if anything been strengthened by the latest developments.
Consumer prices rose at an annual rate of 1 percent in July, according to the Bureau of Labor Statistics (BLS). But does it seem to you as if inflation is increasing much faster than what the government is saying? What if there were a better way to measure inflation, and what implications would this have on bond yields, gold and more?
Sep 1, 2020 - 05:38:37 PDT
Mohamed El-Erian said in an op-ed in the Financial Times that the boom in retail trading may slow down as the options market is signalling a correction.
US dollar remains under pressure The greenback continued on its downward path overnight and has weakened further in Asia.
Sep 1, 2020 - 05:26:47 PDT
Eurozone the sinking into a severe recession due to a contraction in demand and supply caused by a coronavirus pandemic will naturally also affect price developments.
Sep 1, 2020 - 05:21:44 PDT
Combining vulnerable homeowners and renters, COVID-driven housing displacement threatens to exceed the GFC.
Rioters and looters would lose federal unemployment benefits and be forced to pay for extra policing needed at protests under a new bill being introduced by a military-veteran congressman. “Antifa …
Treasury Secretary Steven Mnuchin said Monday that Senate Majority Leader Mitch McConnell (R-Ky.) will “hopefully” unveil a new coronavirus relief bill next week.
How China Is Preparing Its Economy for a Future Where the U.S. Isn’t the Center of Global DemandSep 1, 2020 - 05:05:57 PDT
Some economists in China lay out their view on what high-level political talk of "dual circulation" means for China's role in international trade going forward.
The coronavirus pandemic is bringing on a wave of bankruptcies in 2020. And it's not just the retail sector that's suffering. Automotive, aviation, telecom, and oil and gas companies are all feeling the pain as consumer demand dries up.
Warren Buffett Admits He Doesn’t Understand This Economy (Which Explains His Pivot To Gold)September 1, 2020
The coming world is one where the excesses of the past produce chaos for everyone except gold bugs...
Official figures put the jobless rate in the region at 7.9% for the month of July, as the impact of the coronavirus pandemic in the region continues to be felt.
Silver wrapped up a strong August pushing above the key resistance level of $28 an ounce on Monday.While gold charted a slight dip of about 0.4% last month, silver was up just over 18%. On Tuesday morning (Sept. 1) the white metal was knocking on the door of $29 an ounce.
We are still in no man’s land right now with regard to gold & silver...
It shouldn’t take too long at all to see it again!
The major oil companies are now in serious trouble as the problems stemming from the Falling EROI - Energy Returned On Investment have finally manifested themselves during the global pandemic. Similar to the aftermath of a devastating tsunami, when the water heads back out to sea, the global pandemic revealed......
The Fed’s new guidelines could repeat mistakes of the past.
Can you buy a house with silver coins? How much silver will it take? They are two of the most common questions we get at GoldSilver.com, tune in to today’s update and get Mike Maloney’s thoughts on how this could play out.