Precious metals news

Across the country, people are sharing stories about medication delays they're experiencing with the hashtag #USPSMeds.

In yet another sign that the economy isn't poised for a quick bounceback even if researchers produce an effective COVID-19 vaccine, many companies are considering permanently laying off furloughed workers and taking other steps to make cost-cutting measures permanent.

Buffet has been the dam, holding back the great flood of investment dollars into the gold bull market. As long as Buffett steered clear, the lemming institutional money managers would avoid the sector as well.

“We see plenty of upside on the gold price and view the correction as a buying opportunity,” Credit Suisse’s Andrew Garthwaite wrote on Friday. “We think policy stays loose (especially fiscal) until unemployment falls to much lower levels in the US, which this time around generates some inflation...”

Gold rallied back above $2,000 on Tuesday (Aug. 18) driven in part by Warren Buffett's sudden interest in the yellow metal.
Peter Schiff talked about gold's rally and the weakness of the dollar on his podcast and focused on the lack of financial media coverage of Buffett's purchase of Barrick Gold. Of course, they mentioned it, but they didn't really delve into the significant questions raised by Berkshire Hathaway's move into gold mining stocks. In effect, Buffett sold banks and bought Barrick Gold.
He basically reduced his bets on banks and made a brand new bet on gold, which is, in effect, a bet against the US, against the dollar, pro-gold."

Lacy Hunt has not yet changed his mind on where bond yields are headed but he has his eyes on one thing that could change his mind. Literal Printing Would Change the Game...

High-frequency data from advanced economies shows much of the same: The recovery is plateauing.

"As in the planned economies, negative productivity gains and painful prosperity losses will be unavoidable. Because productivity gains are the basis for real wage increases, the benign long-term credit conditions of the ECB increasingly become a burden for the young people in Europe." ~ Gunther...

Trump's attempt to single-handedly stimulate the economy until the elections - with Democrats more than happy to see the economy go into freefall in the coming weeks - is failing.

The Federal Open Market Committee's meeting minutes for July will be released at 2 p.m. ET.

The market generalists and their sycophant media have been pushing the idea that gold and silver are somehow in a "speculative bubble". However...

Maersk, the world's largest shipping firm, beat second-quarter profit expectations on Wednesday and said it expects demand to pick up in the third quarter, but warned of a "significant decline" across the year.

Some currency strategists have said that political uncertainties in the U.S., including a stalemate over coronavirus stimulus, is also hurting the dollar.

The coronavirus has infected more than 22.1 million people around the world as of Wednesday, killing at least 781,500 people.

A recent study shows that covid-19 may not be as "novel" a virus (i.e., never encountered before) as previously thought. And as a result, 20-50% of the population appears to have a degree of "pre-immunity" to the virus.

Recapture the good times!

With Silver Eagle demand continuing to be RED HOT, the U.S. Mint sold another million of the coins yesterday.  This is the biggest one-day sales increase in six months.  It seems as if the U.S. Mint is now able to ramp up production of both Gold and Silver Eagles. In...

What moves has Mike Maloney made in his personal portfolio? Which mining stocks does Mike own? Is he buying silver right now? Jeff Clark asked Mike these questions in today’s Insider update. Thank you as always for making GoldSilver.com your dealer, we are grateful to have you as an Insider.

Gold is likely to move even higher before a profound invalidation and plunging...

“I do think this reflects Buffett's cautiousness about the current state — and future prospects — of the U.S. economy,” Tilson said.