Precious metals are apparently waking up. And here is where you can find the best deals.
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Jul 8, 2020 - 08:34:33 PDT
From Nashville to New York, people are going months without a job, waiting for their unemployment benefits and unable to feed their families.
Head Of NY Fed's Trading Desk Says If Markets Continue Improving, "Fed's Purchases May Stop Entirely"Jul 8, 2020 - 08:30:22 PDT
Stocks have gone nowhere since the Fed's balance sheet started shrinking modestly in mid-June:...
The spike defies easy explanation, experts say, pointing to the toxic mix of issues facing America in 2020: an unemployment rate not seen in a generation, a pandemic that has killed more than 130,000 people, stay-at-home orders, rising anger over police brutality...
US House Prices to Drop 6.6% by May 2021, First Annual Decline since Jan. 2012: Case/Shiller IndexJul 8, 2020 - 08:16:41 PDT
And this, after years of being unwaveringly bullish in its housing market predictions.
The Volume of Commercial Property Sales in New York City Cratered in the second quarter and the trend will likely accelerate.
‘A Scary Number’ of Retail Companies Are Facing Bankruptcy Amid the PandemicJul 8, 2020 - 07:53:06 PDT
The retail sector in America continues to fall apart.
Gold Prices Extend Climb to 9 Year High as Traders See Few Limits to Central Bank StimulusJul 8, 2020 - 07:43:07 PDT
Silver futures top psychologically significant level at $19 an ounce. Precious metals have benefited from loose monetary policy as billion is viewed as a hedge against uncertainty and a protection against a wave of money printing to help stimulate economic growth.
Gold continues its surge and silver's on the move as many technical analysts miss yet another leg-up. Here's why...
Jul 8, 2020 - 06:43:22 PDT
Goldman Sachs sees the precious metal leaping even higher. The bank set a 12-month price target of $2,000, noting that investment demand will likely continue to grow even as the economy recovers.
The bankers were unsuccessful in lowering gold's price as trading volume hits rock bottom...
Bailouts are the name of the game right now. It seems like everybody is in line for a bailout. Airlines. Movie theaters. Small businesses. Hospitals. Not to mention the fact that the Federal Reserve has resorted to directly buying corporate debt.Conventional wisdom tells us this is necessary. After all, the government shutdown put tremendous stress on businesses. Doesn't the government have a responsibility to help them out?
The synchronized breakouts in both gold and silver have raised speculation about a further extension. Especially golds move above $1800 has, from a technical perspective, opened up for a move towards the 2011 record high.
Over 500,000 Businesses Got PPP Loans but Are Listed as Retaining Zero JobsJul 8, 2020 - 05:43:35 PDT
Missing jobs data on Paycheck Protection Program loan recipients will make accountability a challenge, experts say.
Transparency and public trust are essential to effective bank regulation. These guiding principles were severely compromised in the years leading up to the 2008 financial crisis.
Jul 8, 2020 - 05:25:59 PDT
A leading economist shares why crisis-time central bank policies are saving zombie companies while hurting small businesses and startups.
Concerns are mounting that some banks are too weak to withstand the coronavirus-fueled recession and may eventually need to be rescued or delisted.
Some top advisers to President Trump want the U.S. to undermine the Hong Kong dollar’s peg to the U.S. dollar as the administration considers options to punish China for recent moves to chip away at the former British colony’s political freedoms...
FBI: Chinese Cyberattacks on U.S., Calls It ‘One of the Largest Transfers of Wealth in Human HiJul 8, 2020 - 05:11:54 PDT
“The stakes could not be higher, and the potential economic harm to American businesses and the economy as a whole almost defies calculation,” Wray said of the Chinese government during an address at the Hudson Institute.
European markets were lower Wednesday morning as surging coronavirus cases in parts of the world continue to cast doubt over the prospect of a global economic recovery.
ECB’s Christine Lagarde to ‘Explore Every Avenue Available’ to Tackle Climate ChangeJul 8, 2020 - 05:04:41 PDT
Christine Lagarde, the president of the European Central Bank, has hinted that the institution could use its asset purchase program to focus on green goals.