Precious metals are apparently waking up. And here is where you can find the best deals.
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There is growing evidence that the rapid rise in the silver price is due to physical buying, not paper speculating.
The price of gold has always had a significant correlation (80%) with the Fed’s balance sheet (i.e., the “money supply”), especially during periods of significant balance sheet expansion (money printing).
The Fed’s recent actions are nothing more and nothing less than a final looting operation. It's target? The purchasing power of every dollar in circulation.
A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially.
The State of the American Debt-Slaves Q2 2020: The Credit Card PhenomenonAug 10, 2020 - 04:47:05 PDT
Consumer debt to GDP spikes, but why did credit card balances plunge and new delinquencies decline?
The Federal Reserve (Fed) is considering a radical move. It would set interest rate/yield targets for treasury securities at several maturities, effectively dictating returns along the entire treasury yield curve.
Chicago Fed president Charles Evans says a 4-week lockdown could help. Evans also says More Fiscal Support ‘Incredibly Important’
Aug 10, 2020 - 04:31:20 PDT
Minneapolis Federal Reserve President Neel Kashkari warned that the US coronavirus case count can only be controlled under a stricter lockdown, ...
Second $1,200 Stimulus Checks Could Be Coming. For Many, That Won’t Cover the RentAug 10, 2020 - 04:26:11 PDT
Washington lawmakers are deadlocked on what aid to include in the next coronavirus stimulus package. But $1,200 stimulus checks seem to be one feature they can agree on. The problem is that that money won't carry Americans very far, particularly when it comes to rent payments.
Aug 10, 2020 - 04:23:00 PDT
President Trump has bypassed the nation’s lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed.
U.S. Tops 5 Million Coronavirus Cases as Outbreak Threatens America’s MidwestAug 10, 2020 - 04:17:25 PDT
The United States has surpassed 5 million cases of coronavirus, according to Johns Hopkins University data.
What a week for both metals, but silver in particular!
There is growing evidence that the rapid rise in the silver price is due to physical buying, not paper speculating. We can see this in the falling Commercial net short position trend as the silver price continues to rise. Typically in the past, when the silver price enjoyed a price increase, it occurred as the...
World's Second Largest Silver Producer Lost 20 Million oz Mine Supply Due To ShutdownsAugust 8, 2020
Due to shutdowns stemming from the global contagion, Peru's silver production collapsed 20 million ounces versus the same period last year. Mining companies have restarted operations, and the country expects to be at full production by the end of July. We will see. However, it may turn out that Peru's silver production fell even more...
Aug 7, 2020 - 13:40:24 PDT
Is it any wonder that the ultimate international money - Gold - has hit all-time highs in terms of The Fed's debased dollars? Gold has no ties to any politician or central banker. It is a source of independence. More and more people are wanting that kind of independence.
As Things Stand, the Global Investment Landscape Only Spells More Upside for GoldAug 7, 2020 - 13:22:00 PDT
Gold futures finish sharply lower Friday, snapping a five-session streak of record settlements, as investors contended with a firming U.S. dollar and a...
Aug 7, 2020 - 13:13:31 PDT
The Fed, European Central Bank, Bank of England and Bank of Japan threw out the rule book to add unprecedented support to ensure markets could continue to function.
Markets Could Be Challenged by Washington Stimulus Talks and China TensionsAug 7, 2020 - 13:11:16 PDT
The debate over the next round of stimulus and rising tensions between the White House and China could create headwinds for the market.
The economy will need $5 to $12 trillion in help, economist says