Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Gold Right Now: 2011-Style Spike Highs Followed By Significant Decline More Likely Than Broad TopAugust 11, 2020
Will it be the US dollar, or the stock market, that causes the major cyclical turning-point and decline in gold?
New video on the pullback from Mike Maloney: As Mike had mentioned in recent updates, he was hoping that gold and silver would go through a correction. That sure happened today, so what does it mean? Is this it? Will we go lower? Just what is going on? Join Mike for his take on this historic day in the metals markets.
Gold Futures Drop Over 4% for Biggest 1-Day Percentage Loss Since Mid-MarchAug 11, 2020 - 12:54:17 PDT
Gold futures fell Tuesday by more than 4% to post their largest one-day percentage loss in nearly five months as investors focused attention on a rally in U.S. Treasury yields and a climb in the S&P 500 SPX, -0.94% toward its all-time closing high.
Corporate Bond & Junk Bond Markets Driven into Foaming-at-the-Mouth Exuberance by The Fed JawboningAug 11, 2020 - 12:50:44 PDT
The Fed disclosed yesterday afternoon the amounts and names of the corporate bonds and corporate bond-ETFs that it bought in July. The Fed started buying corporate bonds for the first time ever in June, after having started buying bond-ETFs in May.
Provisions for loan losses are at the highest in a decade as lenders prepare for large-scale company bankruptcies...
China is stepping up military drills around East Asia as a war of words with the United States heats up over Washington's military activities and the visit of a US cabinet secretary to Taiwan.
Sources say that troops have been given orders not to escalate situation as both sides step up their activities in the disputed waters.
Americans, Who Have Lost $100 Million to Fraud Related to Covid-19, Continue to Be a TargetAug 11, 2020 - 11:17:41 PDT
Americans should avoid solicitations to pay for access to financial relief like stimulus checks, job opportunities and mortgage help, the Federal Trade Commission warned.
California’s public pension system faces a huge unfunded debt but dealing with it involves increasing risk.
Paying Off Unfunded Pension Liabilities Will Be a Low Priority After Covid-19Aug 11, 2020 - 10:39:23 PDT
In the last four months, states and localities have furloughed or laid off 1.5 million workers — double the number during the entire Great Recession.
Aug 11, 2020 - 10:14:14 PDT
Food assistance programs across the country are preparing for another spike in need with federal unemployment benefits ending.
Fed's Barkin: US downturn continuing of 'historic proportions', unemployment still comparable to depths of Great Depression. Global employment numbers down just as much. US goods sales have returned to yr-ago level. Virus uptick flattened momentum...
Mortgage Mayhem Begins: Overall Delinquency Rates Soar As Housing Crisis Lurks Aug 11, 2020 - 09:35:22 PDT
"U.S. serious delinquency rate to quadruple by the end of 2021, pushing 3 million homeowners into serious delinquency."
U.S. Bankruptcies on Track for 10-Year High With More Than 100 Consumer Companies Already FilingAug 11, 2020 - 09:14:34 PDT
U.S. bankruptcies are en route to a 10-year high with 424 companies filing as of August 9, according to S&P Global Market Intelligence. The group's analysis...
These permanent cost cutting initiatives are only going to widen the disconnect between Wall Street and Main Street
We believe inflation will continue to spiral out of control in the coming months. And gold will hit levels unimaginable to most people.
The deficit climbed to a record $2.8 trillion during the first 10 months of fiscal 2020, roughly doubling the biggest annual deficit, according to figures released Monday by the nonpartisan Congressional Budget Office (CBO).
The Federal Reserve is undergoing an overhaul. Conceived to keep inflation in check and oversee the country's money supply, the central bank is now essentially directing the economy and moving away from worries about rising prices.
It seems to take a lot of money to generate even a little bit of inflation. Around $20 trillion worth of global stimulus measures have been unveiled so far this year on Bank of America’s calculations. That’s more than a fifth of last year’s world economic output. Yet investors are not exactly quaking.
Singapore’s economy suffered a bigger contraction in the second quarter than previously estimated, signaling a long recovery ahead for the trade-reliant nation.