Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold surged to a fresh record Friday fueled by a weaker dollar and low interest rates. Silver headed for its best month since 1979.
Isn't that what's happening now?
While millions of ounces of gold trade on the futures market every day, typically only a tiny fraction of that goes to delivery. But in recent months, huge amounts of bullion have flowed into New York and the Comex has seen record deliveries.
On today’s episode of Double Down, Max Keiser and Stacy Herbert talk to David Morgan of The Morgan Report about the bullish action in precious metals.
Given 2020's pandemic and +$5 trillion in global central bank liquidity, it seems that suddenly Everybody Cares about gold and silver.
"US de-coupling from China" means the currency system as we have known it for 50+ yrs will die on the table...
Jul 31, 2020 - 05:19:27 PDT
Gold rose on Friday and headed for its biggest monthly gain in 8-1/2 years as the impact of the worsening coronavirus pandemic on the U.S. economy hammered the dollar, prompting investors to seek refuge in bullion.
Jul 31, 2020 - 05:14:53 PDT
Financial institutions based in the UK, Japan, and EU are about to break support levels that have held up since the mid-eighties.
Mohamed El-Erian, chief economic adviser at Allianz and a Bloomberg Opinion columnist, says that it's probable the U.S. will see negative job growth in the July employment report
Dollar Heads for Biggest Monthly Drop in a Decade as Virus Fuels U.S. Economy FearsJul 31, 2020 - 05:07:24 PDT
The dollar extended its dramatic fall on Friday, putting it on course for its biggest monthly drop in a decade as investors fretted that a rebound in the U.S. economy would be derailed by the struggle to stem the coronavirus epidemic.
Japanese Finance Minister Taro Aso described the yen's recent rise as "rapid" on Friday, signalling concern that a strong currency could add pain to an export-led economy already in recession because of the novel coronavirus.
The Eurozone's "safety net" will have to be maintained at least until June next year, European Central Bank (ECB) President Christine Lagarde said in an interview published on Friday. Ve...
The euro zone economy contracted by 12.1% in the second quarter of 2020, compared to the first three months of the year, according to preliminary data from the region's statistics office.
The coronavirus has infected more than 17.3 million people around the world as of Friday, killing at least 673,527 people.
What's the current state of the US economy, and where is this all headed?
Because the Times tends to lead the pack, lesser outlets around the country now have a green light to cover precious metals in a positive way...
EARLY SILVER MARKET UPDATE: Where Silver Closes Today Sets An Important Trend For Next MonthJuly 31, 2020
While there is a lot of volatility in the silver price during early U.S. trading, where it closes today will likely set the trend for next month. For silver to remain in a bullish trend, it was necessary to hold a key support level during Asian trading last night and in the U.S. markets today. ...
One of the most popular guests featured in the ‘Hidden Secrets of Money’ series is Richard Daughty, aka ‘The Mogambo Guru’. Mike Maloney recently caught up with Richard to discuss the current state of the global economy, governments handing out cash hand-over-fist, treasonous politicians and bureaucrats, the death penalty, and most importantly - beer and pizza.
Investors have focused on a rise in record prices for gold, but silver’s up about 25% in July—the metal’s second-biggest monthly gain on record—and it’s still undervalued compared with the yellow metal.
Gold’s performance so far in 2020 has been remarkable. As of 28th July, it is up by 27%, significantly outpacing all major assets.