Precious metals are apparently waking up. And here is where you can find the best deals.
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The recent breakout above $1800 was important, and the ensuing pullback is orderly...
Prices found support from U.S.-China tensions and the continued rise in COVID-19 cases, but were also pressured by some profit-taking in the wake of a price climb last week to levels not seen since 2011.
"This is not a normal recession. The recessionary part of this you’re going to see down the road. You will see the effect of this recession. You’re just not going to see it right away because of all the stimulus."
The Treasury Department Is Canceling Stimulus Checks to Deceased RecipientsJul 14, 2020 - 11:54:07 PDT
Uncle Sam is canceling stimulus payments that have been made to deceased individuals, according to the IRS. As many as 1.1 million payments, totaling about $1.4 billion, were paid to dead people, the Government Accountability Office found.
“Thick Fog” Over U.S. Economy & Fed Will Need to Provide Sustained Accommodation: BrainardJul 14, 2020 - 11:50:17 PDT
There is a great deal of uncertainty about the path ahead for the U.S. economy and the Federal Reserve should use forward guidance and large-scale asset purchases for a "sustained" period in order to help the recovery, Fed Governor Lael Brainard said on Tuesday, as she offered a downbeat assessment of the risks ahead.
Fed’s Brainard, Eyeing Weak Recovery, Says New Policy Tools May Be NeededJul 14, 2020 - 11:24:49 PDT
Fed Governor Lael Brainard says the recovery from the pandemic may be weak and the central bank might have to use a new policy tool - known as yield curve...
With tens of millions of Americans out of work and many businesses shut down or operating under restrictions due to the coronavirus, three of the nation's biggest banks set aside...
House Speaker Nancy Pelosi Says She Would Delay August Recess to Pass Coronavirus Relief BillJul 14, 2020 - 11:09:15 PDT
Congress looks to pass a coronavirus relief bill as millions of Americans are set to lose the $600 per week federal unemployment benefit.
Amid one of the worst public health crises in history, a record number of laid-off Americans have lost their health insruance. Here's what you can do to get covered.
What exactly does the Fed have to fear?
Silver futures on Monday mark their highest settlement in nearly four years, buoyed by a sharp climb in investment demand as the metal continues to play...
Fed Chair Powell & San Francisco Fed President Mary Daly both recently denied that the Fed’s policies create economic inequality. Unfortunately for Powell, Daly, & other Fed promoters, a cursory look at the Fed’s operations shows that the central bank is the leading cause of economic inequality.
When gold pushes past $2,000 per ounce toward $3,000 per ounce, that’s your signal that inflation in the price of everything else is not far behind. Don’t wait until that happens. Buy your (physical) gold now while it’s still affordable.
We can all be very confident that there will be no change to monetary policy for a very, very long time. But there is a fiscal cliff coming—and indeed has already begun.
The scheduled end will ripple through households and the entire economy. The program accounts for a big chunk of the Treasury Department’s record jobless payments last month, which exceeded $100 billion.
Jul 14, 2020 - 08:22:47 PDT
El-Erian wrote that investors should ready themselves for defaults that will "spread far beyond the most vulnerable corporate and sovereign borrowers."
All we need is for silver to close above is a specific level for all cylinders to kick into "afterburner mode"...
Gold held firm above the $1,800 per ounce level on Monday as uncertainties surrounding the impact of surging coronavirus cases continue to steer investor attention towards safe-haven assets.
Jul 14, 2020 - 07:26:07 PDT
Individual U.S. states are acting to extend unemployment benefits as Congress debates whether or not to extend extra weekly unemployment benefits.
The coronavirus pandemic, George Floyd’s killing and the ensuing movement to defund police are bringing in new buyers worried about their personal safety, according to buyers, store owners and gun experts.