Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Talks on a new coronavirus relief package are going nowhere, increasing the likelihood that there won’t be a deal until at least September and the economy will be cut off from additional stimulus for weeks.
Apple Launches Unprecedented Second Bond Offering To Fund Billions In Buyback: How Much Will The Fed BuyAug 13, 2020 - 08:02:07 PDT
Thanks you Fed for fighting inequality by making the rich richer.
Russia now receives more euros than dollars for its exports to China, in the latest sign President Vladimir Putin is plowing ahead with his pledge to reduce dependence on the U.S. currency.
Mortgage refinancing will be more expensive as Fannie Mae and Freddie Mac raise feesAug 13, 2020 - 07:47:28 PDT
Mortgage giants Fannie Mae and Freddie Mac just announced that they are raising fees for lenders on all mortgage refinances. That will result in higher costs for consumers. The change is designed to shield the two from the additional risk brought on by the coronavirus pandemic.
Unprecedented government stimulus has allowed more companies to borrow at lower rates than ever before. Yet amid the credit boom, smaller firms that power America’s economic engine are often being shut out, hamstringing the recovery just as it begins.
Most U.S. Cities Expect Next Fiscal Year to Get Worse, Survey Finds: WSJAug 13, 2020 - 07:34:43 PDT
Most U.S. cities say economic damage from the coronavirus pandemic will leave them in worse financial shape in the coming year, raising the odds of deeper municipal layoffs and service reductions, according to a new survey.
The global economic crisis has caused historic job losses in the developed world. For workers in poor countries, the consequences are even more dire. In places where the virus is surging, swaths of the economy remain closed and millions have seen their livelihoods vanish. The World
The standoff in Washington over the flow of stimulus money to state and local municipal governments is adding more risk to U.S. credit markets, according to Morgan Stanley Wealth Management.State and local government budgets have been severely damaged by the Covid-19 pandemic due to lost...
"The pandemic exposed the widening gap between the financially secure and insecure," said Dawn Goldbacher, vice president of business development at Prudential.
"There’s a possibility that the central bank has bought sovereign bonds."
The index for all items less food and energy rose 0.6 percent in July, its largest increase since January 1991. The index for motor vehicle insurance increased sharply in July, as it did the previ…
Despite Gold Price Correction, Many Gold Miners Are In Great Shape & Hiking DividendsAugust 13, 2020
The gold mining sector is the only sector where margins have expanded rapidly, free cash flow has increased, and there are big dividend hikes...
Aug 13, 2020 - 06:49:44 PDT
By Pam Martens and Russ Martens: August 12, 2020 ~ On May 30, with little mainstream media attention, four European academics published a report on how
After almost a decade in hibernation, gold bugs are roaming the earth again. A fast drop in the dollar’s real yield and the uptick of a favored gauge of inflation expectations have sent the metal on a wild ride.
WITHOUT QUESTION: Tuesday's Wicked Raid On Gold & Silver Was Work Of BIS, Crooked Banks Front-Ran ItAugust 13, 2020
Gold withstands another attack, and shockingly, open interest rose...
The Federal Reserve responded to the economic havoc caused by government coronavirus shutdowns by launching QE infinity. It's money printing to infinity and beyond. The mainstream almost universally believes that this is "necessary," but we have argued that the "solution" is really the root of the problem.Economist Bryce McBride provides a perfect analogy for what the Fed is doing and explained exactly why throwing printed money at the problem won't make it go away.
After "Big Jobs Numbers", Initial Jobless Claims Fall Below 1 Million For First Time In 21 WeeksAug 13, 2020 - 05:38:32 PDT
...but still - 963,000 Americans filed for first time jobless benefits last week...
BOJ Compensates for Negative Interest Rates “Offering Banks Hundreds of Millions”Aug 13, 2020 - 05:32:01 PDT
As the Bank of Japan tries to pump more funds to companies hit by the coronavirus pandemic, it is offering banks hundreds of millions of dollars in bonuses, a move analysts say is aimed at easing the side-effects of its negative interest rate policy.
The federal budget deficit for July was only $63 billion, according to the latest Monthly Treasury Statement issued by the Treasury Department.Of course, $63 billion is a huge budget shortfall. I say "only $63 billion" simply because it pales in comparison to the $864.1 billion deficit in June. In reality, the July deficit continues the trend of unprecedented borrowing and spending we've seen throughout the year.
Volatile Gold, Silver Prices Prompt CME to Set Tougher Margins for TradersAug 13, 2020 - 05:02:30 PDT
Increasing volatility means investors could experience larger fluctuations in the size of their accounts, and higher margin requirements help the exchange's clearinghouse ensure trade obligations are met.