Precious metals are apparently waking up. And here is where you can find the best deals.
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The list of borrowers includes a handful of banks, but the money mostly when to securities brokerages, financial advisers and hedge funds.
Atlanta Federal Reserve Bank President Raphael Bostic said the U.S. economic recovery is in danger of stalling due to the recent spike in coronavirus cases across many American states.
Why the Stock Market Could Be Set for a Big Decline, According to Financial Analyst Gary ShillingJul 7, 2020 - 04:57:36 PDT
Financial analyst Gary Shilling says the stock market could be set for a big pullback similar to the decline in the 1930s during the Great Depression. He explains how the coronavirus pandemic will result in long-term changes in the economy.
BlackRock Downgrades U.S. Stocks, Citing Rising Coronavirus Cases and Stimulus Running OutJul 7, 2020 - 04:52:52 PDT
The massive run-up in U.S. equities from the late-March lows could slow down as coronavirus cases rise at a record pace, according to BlackRock.
EU Cuts Economic Forecasts for the Region, Now Projecting a 8.3% Slump This YearJul 7, 2020 - 04:51:01 PDT
The Brussels-based institution expects the 27-member region to contract by 8.3% this year, followed by a rebound of 5.8% in 2021.
The coronavirus has infected more than 11.63 million people around the world as of Monday, killing at least 538,395 people.
Peter Schiff has called the Federal Reserve's response to the economic "a monetary hail mary." The central bank has printed trillions of dollars out of thin air through QE infinity, taking the Great Recession quantitative easing programs and putting them on steroids. And the Fed has gone beyond the "standard" extraordinary policy of the 2008 crisis, plunging its hands into the corporate bond market.Peter has argued that none of this is actually helping the economy. In fact, it's hurting, furthering distorting an already over-leveraged economy.
What are the odds of this happening on Independence Day Weekend?
The last few delivery periods for gold and silver on the Comex have experienced a record number of longs standing for delivery. For gold...
"...technical action favors the bulls."
Gold Ends at a Nearly 1 Week High as U.S. Dollar Softens to Start July’s First Full WeekJul 6, 2020 - 12:53:21 PDT
Silver futures up nearly 2% on Comex. CGold futures finish at their highest in nearly a week on Monday, supported in part by a softer U.S. dollar, which provided a runway higher for the commodity...
The COVID-19 pandemic has torn the veil off what we can now can call a "fiat market. It has stripped away all pretense of a true market. Governments and central banks now create both supply and demand.
A Word About that Historic Bounce in US Services PMIs: No, the Service Sector Didn’t Hit New Highs. It Stopped PlungingJul 6, 2020 - 12:02:10 PDT
One Purchasing Managers Index said services fell further in June, but more slowly; the other said activity started climbing out of the hole. But both agree: Jobs dropped further.
... it is not uncommon to see a time lag before the impact of events is truly revealed, this is why a lot of people will be surprised and shocked by the reality that is about to unfold...
Jerome Powell isn’t “even thinking about thinking about” raising interest rates, but investors still wonder what it would take for the Federal Reserve chair to start taking his foot off the gas. U.S. central bankers dropped some strong hints on the answer to that question this past week.
It doesn’t take much imagination to see the Federal Reserve supporting the stock price of Apple Inc.The central bank’s Secondary Market Corporate Credit Facility recently released details about its “Broad Market Index,” which is a roadmap for which individual bonds it will buy
Gold on Monday edged toward a near 8-year high hit last week as a spike in coronavirus cases kept safety demand elevated, although robust equities and positive U.S. services sector data limited the metal's advance.
Economists are just beginning to get a picture of just how much the ongoing recession may impact some of the federal government's biggest programs.
Roubini: ‘My Prediction for a Great Depression Is Not About 2020, but the Decade of the 2020s’Jul 6, 2020 - 10:30:09 PDT
New York University's Stern School of Business Professor of Economics & Roubini Macro Associates, LLC CEO Nouriel Roubini joins Yahoo Finance's Julia La Roche to break down his economic outlook amid the coronavirus pandemic.
Gundlach: Why the Dollar and the Tech Rally Are ‘Real Risks’ to InvestorsJul 6, 2020 - 10:26:19 PDT
The “twin deficits” created by runaway government spending and continued U.S. appetite for foreign purchases have long been seen as a negative for the greenback, the world’s most dominant fiat and reserve currency.