Precious metals are apparently waking up. And here is where you can find the best deals.
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Delinquency rates across commercial properties have shot up faster than at any other time...
The long-awaiting day has finally arrived. After five long years, silver has finally reached its previous high of $21 set back in 2016. So, now that the silver price has reached and broken through the $21 level, what’s next for investors?
Silver futures are surging again this morning, dramatically outperforming gold (which is also up notably) with both pushing to new multi-year highs...
"Silver’s outperformance is also evident from drop in gold silver ratio. The ratio currently stands near 91 levels, lowest since February.
The traditional knock against the metal—that it doesn’t pay anything—seems less important with the benchmark 10-year Treasury yielding just 0.621%, not far above the record-low close of 0.569% reached on March 9.
Jul 21, 2020 - 05:48:56 PDT
Ankara's frictions with Washington fuel mad dash for the dollar alternative
US Banks in Gold terms: The Safety of Gold Shines in an Over-Indebted World…Jul 21, 2020 - 05:45:47 PDT
Beneath the headlines, the markets tell stories if you listen. Here is the chart of the US Banks in Gold terms. This is debt/QE/de-financialization all wrapped into one chart.
Last week we reported on a looming wave of evictions on the horizon as the economic consequences of the coronavirus-induced government economic shutdowns begin to rear their ugly heads. Now for more gloomy news, there are also signs of trouble in the mortgage markets.Mortgage delinquencies soared at a record pace in April. And that was toward the beginning of the pandemic's economic impact.
Chains are only as strong as their weakest link. The COVID-19 shutdowns affected every link in the gold supply chain, from producers to end-users.
Zero interest rates can be a more effective tool for central banks to get individuals borrowing and making riskier investments than when the cost of money turns negative, according to a new study from a trio of researchers with Israel’s Ben-Gurion University.
The only reason we need another $1 trillion stimulus bill is the ongoing failure to control the coronavirus.
More Jobless, Depressed Economic Activity Point to U.S. Recovery StallingJul 21, 2020 - 05:29:51 PDT
A sweeping surge in new Covid-19 cases threatens to hinder America’s economic recovery as state governments delay or walk back reopenings and infection fears keep consumers at home.
“This same story of surging debt and low borrowing costs applies across the advanced world.
All of these narratives were wrong in the sense that the virus was not under control in February, it did not necessitate a lockdown in April, and the money printing and spending won’t solve the problem today. Still, the narratives prevailed. “Don’t fight the Fed” is one of the oldest sayings on Wall Street.
Yes, there are many central banks around the globe. But the US Federal Reserve is leading the way with a staggering 24.9% YoY growth in M2 Money Stock. M2 growth barely exceeded 10% during the US f…
Silver has surged above $20 an ounce, its highest price level since 2016. And the white metal is already pushing toward $21 an ounce.Silver's current run follows on the heels of its best quarter since 2010.
The Federal Reserve is also pledging to keep monetary policy loose until inflation actually emerges.
Confirming early warnings by United and Delta of re-declining ticket sales. V-Recovery has to wait in line. Airline shares down 3.7% intraday.
The resurgence of the virus pandemic is at risk of derailing the global economic recovery.
Never Before Has So Much Stimulus Been Injected In The Economy In A Single QuarterJul 21, 2020 - 05:01:05 PDT
Never before has so much fiscal and monetary stimulus been injected in the economy in a single quarter. And never before has the scale of the stimulus matched the nation’s nominal output.