Precious metals news

Many borrowers are struggling because of the coronavirus. The study showed that even during normal economic times, mortgaged properties’ net income often falls short of the amount underwritten by lenders.

Two straight weeks of record low mortgage rates drove consumers to their lenders, but rates may now be reversing course.

The food at home index increased 4.6 percent over the last 12 months...

We have not seen this sort of “perfect storm” in the precious metals market since the 1970’s...

Gold and silver sold off when Russia announced that it had an effective vaccine for coronavirus. This plays into the myth that a cure for COVID-19 will cure the economy. But there is plenty of evidence suggesting the damage to the economy is deep and will likely have long-lasting impacts even when the pandemic is in the rearview mirror.
We've reported on a number of these signs.  Permanent business closures are rising. Americans owe billions in back rent. There is an increasing number of mortgage delinquencies. There is a rising number of over-leveraged zombie companies. And a tsunami of defaults and bankruptcies are on the horizon.
In fact, bankruptcies are already on track for a 1o-year high.

Gold and silver got pummeled on Tuesday. The price of gold dropped more than 5%, falling far below the $2,000 level. It was the worst single-day rout in seven years. Gold continued to fall in Asian trading Wednesday morning and briefly dropped below $1,900 before clawing back later in the session. Silver also had a precipitous fall, diving some 13%.
Peter Schiff talked about the sell-off during his podcast. He said we shouldn't lose sight of the fundamentals and they're still bullish for gold. The Fed isn't about to stop printing money and inflation is going to win.

Spot gold prices fell below $2,000 in its biggest one-day decline in seven years, dropping off a multi-week rally on Wednesday. In the last few ...

Gold rebounded Wednesday, extending a series of wild swings that saw the metal hit a record on Friday before plunging to below $1,900 an ounce.After surging about 30% this year, gold’s rally came to a sudden halt as U.S. bond yields rose. Bullion had been one of the best-performing commodities...

The dollar’s weakness is giving central banks in Asia room to ease monetary policy further amid concerns that the region’s economic recovery is plateauing. A 10% decline in the Bloomberg dollar index since its March high has stemmed a tide of capital outflows triggered by the coronavirus...

Betting against the dollar is looking increasingly like a crowded trade that’s due for a squeeze, some hedge funds say.BlueBay Asset Management, which oversees more than $60 billion, has taken profit on short dollar positions, while AMP Capital Ltd. pared its bullish bets on emerging-market...

The prospect of surging inflation is again starting to exert a grip on the minds of investors. Concern is premature: Deflation remains the bigger threat.

Some investors have been using TIPs and other trading strategies to hedge themselves against rising inflation, but the debate is raging on about whether inflation will start to rise in the next year, as expected by some.

If lawmakers reach a coronavirus aid package deal this week, the IRS could send stimulus checks by the end of August, according to an IRS insider. Here's how to get yours fast.

Gold clawed back some lost ground on Wednesday, after sinking 6% in the previous session, as equities stalled on doubts over an additional round of U.S. fiscal stimulus and rising Sino-U.S. tensions.

The coronavirus has infected more than 20 million people around the world as of Wednesday, killing at least 738,910 people so far.

With millions of students poised to return to school, stressed parents are wondering: How worried should I be about my kid catching covid-19 at school?

“Financial repression is not gone and I think dollar debasement is not gone either,” Widmer said. “Implicitly and explicitly, central banks are backstopping governments at the moment, and I think that’s really the bullish firmness behind that $3,000 per ounce call.”

Gold is at a point where most of the horrific Corona crisis news is priced in. The US economy continues to strengthen, and not enough...

Gold and silver got had an abysmal day on Tuesday (Aug. 11). The price of gold dropped more than 5%, falling far below the $2,000 level. It was the worst single-day rout in seven years. Things stabilized somewhat on Wednesday with apparent support above $1,900, but the big selloff fueled speculation that the gold bull run could be over.
Here are three questions you should ask yourself before declaring the gold bull dead.

The SRSrocco Report will be transitioning to a subscription service on August 21st.  We will continue to publish free public articles, but approximately 80% of the content on the main page will be accessed by subscribers