Precious metals news

The U.S. is usually better than Europe at reshaping its economy after recessions, partly because it’s easier for American entrepreneurs to streamline their business by firing workers, or even start a new one by going bankrupt.

An exclusive survey by Yahoo Finance and the Harris Poll finds the majority of Americans want enhanced unemployment benefits to continue past July. The poll found most Americans think the boosted benefits help the economy -- but also discourage work.

Even as the coronavirus pandemic battered the economy, a surprising trend emerged: The number of people filing for personal bankruptcy plunged.

(Bloomberg) -- Faced with the prospect of restricted access to U.S. dollars, China’s answer is to get more people to use its own currency instead.The increasing spillover of Sino-American tensions into the financial sphere has ignited a fresh push by China to promote the global use of the yuan. A growing

The first wave of the Federal Reserve’s campaign to aid financial markets during the coronavirus pandemic appears to have run its course, with the Fed reporting its repurchase agreements with major financial institutions had fallen to zero for the first time since early September.

Group of Seven finance ministers on Monday called for full implementation of a G20 freeze in debt service payments by all official bilateral creditors and adherence to debt data transparency standards, a U.S. Treasury spokesperson said in a statement.

If you look carefully at some of the largest “errors” in the chart above – 1988 and 2008 – you’ll notice that they tend to occur in 12-year periods where the end of the period was a hypervalued market extreme such as 2000 and 2020.

The price of silver has surged along with gold over the last few weeks and has pushed above $19 an ounce. But the white metal continues to lag behind gold with the silver-gold ratio at over 94-1. This is a historically wide spread and it is telling us that silver remains way undervalued. At some point, you would expect that ratio to close, meaning silver has a long way to run up.
Fundamentals in the silver market also look bullish for the white metal with increasing demand and a squeeze on supply. Investment demand for silver was up 10% in the first half of 2020, according to the latest data compiled by the Silver Institute.

Strategists at Credit Suisse have noted a great silver performance lately and expect the white metal to look for the $26.22 resistance on a break above...

The tumbling real yield on U.S. government bonds has helped drive gold prices higher—and there is little reason to expect yields to rebound in the near future.

Gold prices rose on Monday, holding ground above the key $1,800/oz level, as a weaker dollar and worries over surging COVID-19 cases around the globe kept the safe-haven metal underpinned.

After the most expansive monetary program in history, the Fed is trapped in a position where they can never stop QE as interest rates can't rise ever again.

The U.S. Federal Reserve added $1.33 billion in bonds of individual companies from June 22 to June 30, including iPhone maker Apple Inc, beer-producer Anheuser-Busch and travel booker Expedia Group.

The market has come to totally depend on the “Giant 5.” A scary out-of-whack weight on the way down.

...even though you didn’t create the fraud in the financial system, and were forced to close down your business, you will now be used as tax cattle to pay for this giant fustercluck.

"We should acknowledge the weaknesses of our current system and make improvements if possible. At a minimum, that means scrapping the penny. More fundamental reforms, like permitting competition in coinage, would be better still." ~ William J. Luther

One bill proposed by Sens. Kamala Harris, D-Calif.; Bernie Sanders, I-Vt.; and Ed Markey, D-Mass.; would send as much as $10,000 per month to American families for the duration of the pandemic.

Gold pushed above $,1800 last week, although it wasn't able to hold that level through close on Friday. The yellow metal finished the week around $1,799 an ounce. But on his podcast Friday. Peter Schiff said there was nothing bearish about the yellow metal not holding $1,800 on a weekly basis. In fact, overall, the chart for gold looks fantastic.

The worst earnings season in years is about to begin, and stocks could shrug off sharp profit declines, if companies see signs of recovery.

The S&P 500 is coming off two consecutive weeks of gains, while the resilience in tech shares pushed the Nasdaq to a new record last week.