Precious metals are apparently waking up. And here is where you can find the best deals.
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Mainstream media article smacking gold are inevitably made by writers who are clueless about the metal.
Another Good Jump In Gold Deliveries, Open Interest Over 75% Annual Global ProductionAugust 18, 2020
With gold up almost fifty dollars and no physical to be found anywhere!
GOP Senator Calls on China to Repay $1.6T of Century-Old Debt, The Bonds Were Backed by GoldAug 18, 2020 - 07:41:13 PDT
The bonds, which are backed by gold, were issued by the Republic of China as long ago as 1912. The government’s leaders fled to Taiwan following the end of Chairman Mao Zedong’s revolution in 1949.
Treasury Secretary Mnuchin Says Democrats Are Unwilling to Strike a ‘Reasonable’ Relief DealAug 18, 2020 - 07:37:40 PDT
Treasury Secretary Steven Mnuchin on Tuesday criticized top Democrats for what he categorized as stubborn tactics and refusal to discuss any “reasonable deal” to provide relief to American consumers and businesses afflicted by the Covid-19 pandemic.
The U.S. dollar is driving a wedge between volatility expectations for global currencies and U.S. stocks.The greenback’s plunge last month jolted currencies so profoundly that a gauge of expected swings in the market is no longer moving in tandem with a similar measure for U.S. equities...
Spanish Public Debt Hit Record in June on Covid Spending, Above 100%/GDPAug 18, 2020 - 07:12:28 PDT
Spanish public debt rose to a new record of 1.29 trillion euros ($1.53 trillion) in June, mainly lifted by spending linked to the impact of the coronavirus pandemic, Bank of Spain data showed on Tuesday.
Rating agency S&P Global warned on Tuesday that China's economic recovery from the novel coronavirus pandemic could be at risk as a combination of rising interest rates and slowing inflation pushes real rates higher.
U.S. and European Firms Face $1 Trillion in Costs to Relocate Their Chinese Supply ChainsAug 18, 2020 - 07:03:19 PDT
Foreign firms looking to move their manufacturing processes outside of China in the wake of coronavirus could face $1 trillion in costs over five years, according to new Bank of America research.
Investors’ ravenous appetite for higher-yielding assets is boosting some of the riskiest classes of bonds that have so far trailed behind a broad rally in corporate debt.The additional yield above US government debt on corporate bonds with a triple C rating or lower, placing them near the bottom of the ladder, has…
US Housing Starts, Permits Explode Higher In July With Builder Sentiment At RecordAug 18, 2020 - 06:54:06 PDT
This is the biggest MoM rise in permits since June 2008 (that didn't end well) and biggest MoM rise in starts since Oct 2016...
Stocks rose on Tuesday as the S&P 500 tried once again to exceed its previous record close set in February before the coronavirus hit.
From time to time, you will hear people inexplicably say, "Gold is just a useless metal." They claim that gold's value is simply "a matter of faith."This is sheer nonsense. In fact, gold is one of the most useful metals on the planet and would probably have even more practical applications if it wasn't so rare and expensive. The truth is gold did not become money because wasn't useful for anything else. Its role as money actually evolved because it is so valuable and has so many uses.Here are 10 uses for gold beyond its function as money and a store of wealth.
Gold’s Run ‘Hasn’t Quite Finished Yet,’ Says Standard Chartered StrategistAug 18, 2020 - 05:32:03 PDT
The gold rally still has some ways to go despite its recent stumble, says Standard Chartered Private Bank's Manpreet Gill.
Gold climbed back above $2,000 an ounce as renewed tensions between the U.S. and China boosted demand for haven assets, and the dollar weakened.
Venezuela's gold reserves fell by seven tonnes in the first half of the year to reach just 98 tonnes, their lowest level in 50 years, The drop comes as Venezuela, whose key oil industry is under U.S. sanctions...
The constant resuscitation of the central banks since the last crisis in 2009 have pushed us to the brink of ‘Financial Armageddon’
Minutes from the Fed’s July policy meeting due for release Wednesday are likely to shed more light on how, exactly, central bank officials will wrap their yearlong strategy review.
Interest-rate cuts and other stimulus boost stock prices, which benefit the wealthiest the most.
That means that when the next crisis comes as, inevitably (thanks to the euro zone’s in-built failings), it will, its leaders will turn either
Former European Central Bank President Mario Draghi warned governments to use the massive stimulus they’ve deployed in the coronavirus pandemic to upgrade their economies or face the risk of another debt crisis.