Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Imagine paying off your mortgage with phony dollar bills and you can get a sense of how profitable it is to monetize a public debt.
But central banks refused to allow market forces to take over. They don’t want a complete collapse of the economy and the markets.”
Japanese manufacturers' confidence sank in the second quarter to levels not seen since the 2009 global financial crisis, underscoring the damage the coronavirus pandemic inflicted on the export-reliant economy.
The euro zone economy has weathered its pandemic-induced crisis as well as possible but the long term recovery remains under threat, European Central Bank board member Fabio Panetta said on Wednesday.
Saudi shoppers have rushed to buy big-ticket items such as gold, appliances and electronics ahead of the announced tripling of taxes on basic goods on Wednesday...
Silver is going to follow when gold breaks $2,000 per ounce...
The Federal Reserve Vows to Buy Up Corporate Bond Assets to Support the MarketJul 1, 2020 - 07:53:32 PDT
ETF inflows could hit a record in 2020, analyst says as the year’s volatile first half ends.
US Manufacturing Survey Jumps By Record In June (In Contraction & Expansion)Jul 1, 2020 - 07:42:40 PDT
"...a record upturn in business sentiment about the year ahead..."
The "handle" is still missing, and it could take the form of a volatile plunge. The implication is clear: Don't count on gold's breakout success...
Evidence of hoarding in Australia, Brazil, Canada, the eurozone, Russia and the US
The Reserve Bank of India has accumulated so many dollars recently that it’s having a knock-on impact on the nation’s sovereign debt market.
By 2023, digital transaction values could reach $6.7T globally—catalyzed by digital commerce and mobile payments. COVID-19 is only accelerating this trend.
Democrats drove a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate late Tuesday, an unexpected development that came as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses.
Arizona has joined Florida, Texas and California in beginning to reverse reopening policy, bringing the share of the population in states where policy is becoming more restrictive up to 30% over just the past five days.
Gold just wrapped up a strong quarter, up 13%, and finishing at the highest price level in over eight years. On the year, gold is up about 16% and many mainstream analysts are starting to eyeball record gold prices in the coming months. But there has been some drag on the gold market, particularly sluggish consumer demand in the East - particularly in India.That could be changing.
Fresh from futures cracking $1,800 an ounce, the global gold market wants to know what the Federal Reserve may do next to rescue the U.S. economy, with minutes due Wednesday that are expected to shed light on the central bank’s willingness to embrace yield curve control.
After Massive Upward Revision, ADP Employment Data Shows Job Rebound Slowing In JuneJul 1, 2020 - 05:53:09 PDT
So... if you put any credence in today's data, just remember last month's data was revised from a 2.76 million job loss to a 3.065 million job gain! Zandi?
Last week, the Government Accountability Office issued the first comprehensive analysis of how trillions of dollars of taxpayer money is being spent to protect Americans, the economy and public services from the ravages of Covid-19. Its broad conclusions aren’t reassuring.The report
The domino effect of setting in motion a more normalised credit cycle, whenever that happens, will have a far-reaching and hard-to-predict impact on the US economy
Bailout or Backstop? Lawmakers May Focus on Fed’s Corporate Bond Buying: NYTJul 1, 2020 - 05:42:04 PDT
The Fed first announced on March 23 that it would buy corporate bonds on both the secondary market — the one for already-issued debt — and the primary market.