Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Mortgage Rates Just Hit Another Record Low 2.87%, and Here’s How Much Lower They Can GoJul 24, 2020 - 08:24:34 PDT
The average rate on the popular 30-year fixed just fell to another record low at 2.87%, according to Mortgage News Daily. That is about a full percentage point lower than where it was one year ago.
Technical Analyst: Gold & Silver To Rally Significantly (After Gold Sells-Off To Below $1400)July 24, 2020
Gold is about to get a MAJOR BEARISH trigger...
As Silver Sits Close to Seven-Year Highs, Trader Foresees a More Than 30% RallyJul 24, 2020 - 07:55:56 PDT
Gold isn't the only hot metal this year. Here's how high Bill Baruch of Blue Line Capital sees silver is heading.
Jul 24, 2020 - 07:49:54 PDT
More like Constitution Avenue Freeze Out. US Q2 GDP will be released on July 30th. At that time, M2 Money Velocity will be officially released (Nominal GDP / M2 Money Stock). Let’s see where …
Controversial Gold Advocate Advances for a Fed Appointment: “Why do we need a central bank?” SheltonJul 24, 2020 - 07:33:41 PDT
“Why do we need a central bank?” Ms. Shelton asked in a Wall Street Journal essay in 2009. She wants monetary policy set by the price of gold, a long-abandoned approach that would be akin to a Supreme Court justice embracing the Code of Hammurabi.
I also stated that once silver closed above $21 on a monthly basis, it would be in a NEW BULL MARKET. I will be posting a new update toward the end of the week showing the longer-term monthly silver charts.
Gold is knocking on the door of its all-time record price. At this point, it's not a matter of if gold will break its record but when. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the dynamics that are driving both gold and silver higher and explains why he thinks gold has a long way to run even after it breaks the record. He also highlights some more economic data that undermines the "quick recovery" narrative.
Mark Mobius, co-founder at Mobius Capital Partners, said in a Bloomberg TV interview. “I would be buying now and continue to buy.”
Gold was headed on Friday for its biggest weekly gain in more than three months as it held firm near a nine-year high, benefiting from a weak dollar and inflation expectations due to stimulus for virus-battered economies.
Federal Reserve policy makers will most likely link their guidance on the future path of interest rates to inflation, and will reveal that guidance by September, according to economists surveyed by Bloomberg. The Federal Open Market Committee holds its next meeting July 28-29.
Not only do these benefits cushion the blow for those out of work because of pandemic-related closures, but these benefits have been crucial in buoying economic growth that is largely dictated by the level of consumer spending.
McConnell’s Stimulus Waiting Game Turns Into Race Against Clock (Bloomberg) — Senate Majority Leader Mitch McConnell waited until a key component of U.S. coronavirus aid was about …
Negative real rates in the U.S., the relentless spread of the coronavirus in America and a pickup in global risk sentiment have seen investors hitting the eject button on long positions in the greenback.
Confirmed volume for silver was over 115% of annual mine production, in just one day!
Global shares skidded further from five-month peaks on Friday as a bounce back in European business activity did little to ease the jitters surrounding Sino-U.S. tensions, while gold approached a record high.
Fed’s Main Street Lending Inches Up as Balance Sheet Holds Above $7 TrillionJul 24, 2020 - 05:08:12 PDT
The U.S. Federal Reserve facilitated another $2 million in emergency loans this week to U.S. businesses struggling to survive the coronavirus-fueled recession, while its overall asset portfolio showed modest growth for a second week to hold above $7 trillion.
The EU Wants to Lift Some Strict Financial Rules to Tackle the Economic CrisisJul 24, 2020 - 05:02:17 PDT
The European Commission has proposed changes to financial regulation to make investments easier and quicker as it faces a severe economic crisis.
Goldman Sachs and Malaysia Agree to $3.9 Billion Settlement Over 1MDB ScandalJul 24, 2020 - 05:00:25 PDT
Malaysia on Friday said U.S. investment bank Goldman Sachs has agreed to a $3.9 billion settlement with the government over the multibillion-dollar 1MDB scandal.
U.S./China War of Words Will Be ‘Tough and Scary’ Through to the Election, Jim O’Neill SaysJul 24, 2020 - 04:58:52 PDT
Diplomatic relations between the U.S. and China have sunk to their lowest level in decades.
“We again urge the U.S. side to immediately revoke its relevant wrong decisions, to create necessary conditions for the two countries’ relationship to return to normal.”