Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Russia-China "Depolarization"Breakthrough: Countries Ditch Greenback For Bilateral TradeAug 7, 2020 - 05:09:55 PDT
"Many expected that this would be a military alliance or a trading alliance, but now the alliance is moving more in the banking and financial direction, and that is what can guarantee independence for both countries."
Fed’s Mester Asks Congress for Recovery Help, Says ‘Downside Risks’ to the Economy Are on the RiseAug 7, 2020 - 05:02:04 PDT
Mester called Wednesday for more help from Congress and said the central bank stands at the ready to provide whatever resources it can to help an economy at risk from rising coronavirus cases.
During the shambolic negotiations between Congress and the White House, one of US president Donald Trump’s proposals was to suspend the payroll tax funding social security for several months, ie long enough to buy some popularity before the elections. That was rejected by the Democrats for not covering the unemployed…
Stimulus Talks on the Brink of Collapse as Two Sides Trade Blame and Get No Closer to a DealAug 7, 2020 - 04:55:24 PDT
Both sides emerged from the meeting trading blame for the sputtering talks -- and the administration officials warned that President Donald Trump would take executive action if no deal is reached by Friday.
The coronavirus has infected more than 19 million people around the world as of Friday morning, killing at least 714,767 people.
Given all that we know after our months of intensively tracking the coronavirus pandemic, what are the best ways to prevent & treat it?
Goldbugs and Silverbugs are now finally being rewarded...
After silver fell nearly $2.50 from its highs in Asian trading last night, it bounced right off its important $27.50 level, twice this morning. It will be interesting to see where the silver price rests and the end of the day. This morning on my SRSrocco Report Twitter Feed, I posted the following Tweet: DON'T...
Gold and silver are rocketing upwards. Will there be a pullback? Where will the prices go? Join Mike Maloney and Mr Jeff Clark as they discuss all the recent market action, thank you for watching.
How Much Higher Will Silver Go: See What the 50-Year Long-Term Silver Chart RevealsAug 6, 2020 - 13:19:25 PDT
Let’s just say, some of the indicators are pointing to much higher prices. And, if we include the lousy economic and financial fundamentals being propped up by massive Fed and central bank stimulus, it seems like there will be even more investor demand for gold and silver.
The price of gold could rationally achieve the level of $7,000. huge gains in the 21st century have occurred in an environment with...
Gold Prices Notch Record Close for Fifth Straight Session as Metal Approaches $2,100Aug 6, 2020 - 12:55:01 PDT
Gold futures on Thursday extended a record rally to a fifth straight day, with a muted U.S. dollar and lackluster moves in equities supporting bullion's...
How does the COVID-19 market crash compare to previous financial crises? We navigate different contextual factors impacting crashes.
Government spending is necessary today. But just because sovereign-debt markets have not yet reacted adversely to extremely high levels of borrowing and spending, we must not – for our children’s sake – throw caution to the wind.
Fed’s Kaplan: Asset Purchases May Ultimately Have an Effect on the DollarAug 6, 2020 - 12:04:59 PDT
"Concerned about the growth of US government debt and the implications this has for the US."
But as conditions improve in the financial system, the related decline in the total cash pile held by all banks at the US Federal Reserve should be carefully watched.
Aug 6, 2020 - 11:55:42 PDT
The U.S. is projected to see the worst reversal of fortune this year in a ranking of global economic misery, underscoring just how much havoc the pandemic has wrought.
In California, 57% Seeking Unemployment Benefits Lost Their Jobs for a Second TimeAug 6, 2020 - 11:42:20 PDT
More than half of workers who recently applied for unemployment benefits in California were doing so because their jobs or hours were cut again, hinting at the nation's unstable economic recovery.
This ‘Dire’ Economic Situation ‘Deserves to Be Called a Depression - a Pandemic Depression’Aug 6, 2020 - 10:50:25 PDT
‘This situation is so dire that it deserves to be called a “depression”—a pandemic depression … It seems disrespectful to the many losing their jobs and shutting their businesses to use a lesser term to describe this affliction. ‘ — Economists Carmen Reinhart and Vincent Reinhart
This cover of The Economist on the week of July 25 2020 speaks volumes. The "Free money" headline is an eye-catching snapshot of the current madness in, if not the global economy then certainly, some major economies such as the U.S.