Precious metals are apparently waking up. And here is where you can find the best deals.
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As regular readers of Fun on Friday know, I'm not a big fan of masks. They are uncomfortable. They are inconvenient. And they are incredibly ugly.But my opinion notwithstanding, it doesn't look like masking is going away anytime soon, so we have to find ways to cope with it. A couple of weeks ago, I explained how I was having a little fun with the mask requirements here in Nassau County, Florida.Well, in Turkey, they have actually found a way to address the ugly issue.
The People’s Bank of China may have bought government bonds from domestic banks in July, a rare move that has analysts puzzling over the monetary authority’s policy intentions amid a record amount of government debt issuance.
The dollar steadied on Friday as U.S. bond yields rose and lacklustre Chinese economic data curtailed risk sentiment, slowing a selldown of the U.S. currency, which by one measure was headed for its longest weekly losing streak since 2010.
People who are unfamiliar with gold have special reason to learn about gold's monetary and investment virtues...
Japan’s pandemic-hit economy shrank last quarter by the most in records going back to 1955, official data is set to show Monday, with a resurgence of the virus threatening to slow a fragile recovery now under way.
Mortgage Rates Keep Falling — Lenders Offering Mortgages With Negative Interest RatesAug 14, 2020 - 07:27:19 PDT
Outside the U.S., lenders have even offered mortgages with negative interest rates.
Global shares dipped on Friday as euro zone data offered little cheer for investors already worried about lacklustre Chinese economic numbers and a delay in U.S. fiscal stimulus.
Yellen, now a distinguished fellow at the Brookings Institution, was among a handful of economists who on Thursday briefed Biden about an economy that has been reeling during the five-month coronavirus pandemic, according to the campaign.
It was a tough week in the precious metals markets. On Tuesday, gold dropped well over 5% and silver plunged more than 13%. It was the worst single-day rout for gold in seven years. That led some to declare the gold bull dead. But SchiffGold Friday Gold Wrap podcast host Mike Maharrey doesn't see it that way. In this episode, he breaks down the reasons for the selloff and explains why there is no need to panic if you're keeping your eyes on the fundamentals.
Consumers spent less than expected in July as a boom in retail sales the month before cooled while efforts to reopen the econmoy stalled.
“You have people chasing momentum, and momentum based traders accumulating gold is just going to add to the price fluctuation that we’re seeing in the market,”
Hedge fund Bridgewater Associates raised its investment in gold-backed exchange-traded funds by a third in the second quarter, buying the equivalent of 170,000 ounces of gold worth $340 million at current prices, a regulatory filing showed. Bullion prices have already surged almost 30% this year to...
Billionaire Investor Jeffrey Gundlach Predicts Gold Prices Will ‘Go Much Higher’ in the Long-TermAug 14, 2020 - 05:04:02 PDT
“Gold will ultimately go much higher because I think the dollar's going to go much lower,” he said.
Few economists have the long-term track record of Lacy Hunt at Hoisington Investment Management. For more than three decades, Hunt has held the view that U.S. Treasury yields would fall, fall and then fall some more.
In an era when trillions of dollars have been plowed into the global economy, one institution stands out for its activism: the Philippines’s central bank.Bangko Sentral ng Pilipinas seems an unlikely hero given the whatever-it-takes approach of the Federal Reserve...
Student-Loan Forgiveness, Medicare, Universal Basic Income, Credit Scores & Tax on Trading StocksAug 14, 2020 - 04:37:46 PDT
Now that she’s been named as Joe Biden’s running mate for the 2020 presidential election, Sen. Kamala Harris’ stances on a wide range of issues are being scrutinized once again.
Continued slow activity suggests that Manhattan's real estate and economic troubles could extend well into the fall or beyond.
Fed's "Direct Money Transfers" Coming: Fed Partnering With MIT on "Hypothetical" Digital CurrencyAug 14, 2020 - 04:30:20 PDT
"It is important to understand how the existing provisions of the Federal Reserve Act with regard to currency issuance apply to a CBDC and whether a CBDC would have legal tender status, depending on the design."
Coronavirus Stimulus Stalemate Could Drag On for Weeks as Congress Leaves TownAug 14, 2020 - 04:21:57 PDT
Progress toward a coronavirus aid deal in Washington is nonexistent as millions wait to see whether they can afford food and housing.
Coronavirus Live Updates: States Face Billions in Shortfalls, Economists Say: NYTAug 14, 2020 - 04:19:50 PDT
With tax revenues plummeting, states could face a cumulative budget gap of at least $555 billion through the 2022 fiscal year, according to one estimate.