Precious metals are apparently waking up. And here is where you can find the best deals.
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Over the last quarter, the “Death of Fundamentals” has become apparent as investors ignore earnings to chase market momentum. However, throughout history, such large divergences between fundamentals and price have resulted in low future returns.
"They encourage people to go from training wheels to driving motorcycles."
Treasury’s Mnuchin Backs Narrower Coronavirus Aid Package as Talks With Congress ResumeJul 9, 2020 - 09:52:58 PDT
Mnuchin said the White House backs another direct payment and a change to the enhanced unemployment benefit in the next coronavirus relief bill.
“I can’t throw everything I worked for under the bridge. I’m sitting in my retirement.” COVID has wrecked havoc on the economy. Large business is being bailed out but small businesses are largely being left behind.
'Devastated': As Layoffs Keep Coming, Hopes Fade That Jobs Will Return QuicklyJul 9, 2020 - 09:48:09 PDT
Applications for jobless benefits are up again. "What we're seeing now is that lots more people who are unemployed are going to be unemployed for a longer period of time," economist Nick Bunker says.
Walgreens Boots Alliance Inc. plans to cut about 4,000 jobs in the U.K. following a sharp drop in its business there and suspend stock buybacks, as the coronavirus pandemic jolts its business around the world.
The company’s plans will eventually result in eliminating tens of thousands of positions due to pressure to “dramatically reduce costs”, the report said.
No one under the age of 90 has ever experienced a depression until now. Most investors have no working knowledge of what a depression is or how it affects asset values. But they’re going to find out, and probably the hard way.
The American Economy in Four Words: Neofeudal Extortion, Decline, CollapseJul 9, 2020 - 08:56:06 PDT
Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy.
Raising red flags during a bubble is a thankless job. The crowd gleefully cheers the momentum and as tops are processes anyone voicing contrarian reservations looks to be wrong while the bubble pro…
For those who like the tick-by-tick, or for those who are counting, that was 17,778 "gold" contracts over 4 minutes of "trading"...
And at some point, we will look back on this time and ask newbie day traders and passive investors alike, “what were you thinking?”
Hedge funds lost a record 7.9% in the first half of the year on an asset-weighted basis, according to Hedge Fund Research Inc.None of the four major strategies made money as the industry struggled to trade with the Covid-19 pandemic convulsing global markets.
Markets are still struggling to restore liquidity after the Covid-19 meltdown and that may leave them exposed to new shocks, according to JPMorgan Chase & Co.“Liquidity conditions have improved considerably...
Before the pandemic took hold in the U.S., taxpayers mostly planned to put their refunds into savings and pay down debt. Within a couple months, their priorities have shifted to household bills and living expenses, research shows.
Mortgage rates in the U.S. hit a record low for the sixth time since the coronavirus outbreak began roiling financial markets.The average for a 30-year fixed loan was 3.03%, the lowest in almost 50 years of data-keeping by Freddie Mac. The previous record was 3.07%, which held for a week
The number of apartments listed for rent in Manhattan reached record levels in June, as brokers remained unable to host showings and more renters left the city, according to a new report.
The monetary “gods” at the Fed have created the perfect monetary policy recipe to fuel gold, silver and mining stocks to new all-time highs...
The gold price hasn’t been this high since September 2011 when it peaked at $1,923 during that month. Silver finally pushed through the critical $18.50 level and closed at $19.16, according to prices on Stockcharts.com.
Stocks Are Up, but So Is Gold and Analysts Say the Metal’s Rally Is Just Getting StartedJul 9, 2020 - 06:11:17 PDT
Michael Howell, CEO of Crossborder Capital, believes the concurrence of the U.S. Federal Reserve and China's central bank both pumping money into markets was "magic news" for the yellow metal.