Precious metals are apparently waking up. And here is where you can find the best deals.
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The US Federal Reserve will cut the number of seven-day swap operations with major central banks to one tender per week from three from Sept. 1 as funding conditions have improved, the European Central Bank said in a statement on Thursday.
The clock is ticking on the dollar’s long-enduring bull cycle.
Futures contracts tied to the major U.S. stock indexes fell early Thursday, but pared some of their losses after the announcement of imminent trade talks between the U.S. and China.
In a World Where Central Banks Issue Digital Currencies, Bitcoin and Libra May Have a PlaceAug 20, 2020 - 04:49:23 PDT
Cryptocurrency bitcoin and Facebook-backed Libra could play different roles in a world where central banks globally begin to issue their own digital currencies, Raghuram Rajan, former Reserve Bank of India governor, told CNBC.
Aug 20, 2020 - 04:46:20 PDT
The additional $300 of unemployment benefits authorized by President Donald Trump’s memorandum may last less than a month — if states distribute them at all.
Covid-19 Pandemic Is Rolling Over: Number of US Hospitalizations Is Declining by 1 Percent Per DAug 20, 2020 - 04:43:57 PDT
...and other things you won't hear from the mainstream media...
Even those in the nonfinancial media have noticed the skyrocketing price of gold this year. Some partially identify, but don’t quite understand, some of...
With Silver Eagle premiums still ranging from $9-$10 per coin, why is the U.S. Mint still selling so many of them?? Good question. Many investors have switched to Silver Maples, Krugerrands, Philharmonics, and Britannias due to premiums that are less than half of the 2020 Silver Eagles. As I mentioned...
There is one chart that should deeply concern the U.S. Federal Government. While most analysts and economists are concerned about the rising U.S. Debt to GDP or the skyrocketing Public Debt, there is another indicator that is far more worrisome. Unfortunately, I haven't seen one economist even mention this fundamental indicator....
Aug 19, 2020 - 13:29:59 PDT
“The total wealth of the Oligarchic Dozen is greater than the GDP of Belgium and Austria combined,” ...“Meanwhile, tens of millions of Americans are unemployed or living paycheck to paycheck...
Key Takeaways From The FOMC Minutes: Market Spooked By Lack Of Fed Commitment To More QE, "Twist"...Aug 19, 2020 - 13:14:34 PDT
Notable that the minutes had no discussion of extending the duration of asset purchases, ie “twist”. This narrative had built considerably via media & Dudley speech leading into the meeting."
Is this a fantastic point to add gold miners to one's portfolio?
The dollar has broken critical support levels, what is the short-to-medium term outlook? Join Mike Maloney, Chris Martenson and moderator Mr Jeff Clark as they discuss some of the biggest news stories this week.
As the Bubble Slowly Pops, the Economic Chain Reaction Is Now in ProgressAug 19, 2020 - 12:24:33 PDT
Much has been written about the economic consequences of covid-19, yet, just as in many of the analyses of the Great Depression and the 2008 crisis, the years of accumulating debt preceding the event do not attract the attention they deserve.
“The dollar is brushing up against some very strong resistance and we’re going to need a strong signal from the Fed to see the next wave of selling pressure to hit the dollar,” said Edward Moya, senior market analyst at broker OANDA.
How Negative Interest Rates Sap Consumer Spending by an Ever Larger Part of ConsumersAug 19, 2020 - 11:56:10 PDT
Over-65s, a large and growing demographic in Europe, are cutting their spending at worst possible time as NIRP eats into savings, pensions, investments, and annuities.
Retail Spending Was Supported by Stimulus Money and Extra Unemployment BenefitsAug 19, 2020 - 11:45:56 PDT
Money not spent on debt payments because many loans – mortgages, credit cards, student loans, and auto loans – had entered into deferral programs; and eviction bans allowed renters to skip rent payments and spend this money on something else...
Fed Officials Expect That Coronavirus Will ‘Weigh Heavily’ on the Economy, Minutes ShowAug 19, 2020 - 11:10:05 PDT
Officials at the meeting “agreed that the ongoing public health crisis would weigh heavily on economic activity, employment, and inflation in the near term and was posing considerable risks to the economic outlook over the medium term.”
FOMC Minutes Show Fed Continues to Discuss Policy Review as “Fate of Economy Tied to Virus Path”Aug 19, 2020 - 11:06:50 PDT
...the fate of the economy was linked with the uncertain path of the virus.
The Devastation Of The Middle Class: It Now Takes 53 Weeks Of Median Wages Every Year To Pay For Basic NeedsAug 19, 2020 - 11:04:04 PDT
"Thriving" has become impossible for the average worker.