Precious metals are apparently waking up. And here is where you can find the best deals.
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He should try putting a few critical questions to the BIS and major central banks and then ponder the meaning of their refusals to answer...
Citibank has joined other mainstream gold bulls calling for record gold prices.Citi raised its gold price forecast this week. It now projects a three-month price of $1,825 per ounce and for the yellow metal to head into record territory in 2021. Citi analysts expect gold to eclipse the $2,000 mark early next year.
Gold headed for the biggest quarterly advance since 2016 amid a surge in demand for haven assets due to the coronavirus outbreak, which shows no signs of abating.
That’s “Black Swan: The Impact of the Highly Improbable” author Nassim Nicholas Taleb offering his view on the risks swirling in the market and a growing lack of clarity about the future in the era of a deadly pandemic that has created a public health and economic crisis.
Economist Roubini Expects ‘Anemic’ Us Recovery and a ‘Greater Depression’ LoomsJun 30, 2020 - 05:15:16 PDT
There are "ten deadly drivers" behind his Greater Depression thesis — which include high levels of debt, aging societies, cheap currencies and a strategic rivalry between the world’s two largest economies that’s getting worse every day.
on Monday, independent macro advisor Hugh Hendry said quantitative easing programs — where central banks buy assets like government bonds to inject liquidity into the economy — were not working.
These Major Global Stock Markets Are on Pace to End the First Half in Correction Territory or WorseJun 30, 2020 - 05:07:53 PDT
More than a dozen major international stock indexes are on pace to end the first half of the year at least over 10% off their recent highs.
Former ECB member Benoir Coeure warned Tuesday that certain companies are at risk of becoming insolvent as governments withdraw fiscal support.
A Rise in Nationalism Could Lead to an Even Deadlier Pandemic, Professor WarnsJun 30, 2020 - 05:03:07 PDT
Ian Goldin, professor of Globalisation and Development at the University of Oxford and ex-vice president of the World Bank, has been predicting a widespread pandemic for several years.
Powell Says Recovery Path Is ‘Extraordinarily Uncertain’ Amid Efforts to Control VirusJun 30, 2020 - 04:55:54 PDT
In remarks he will deliver Tuesday to the House Financial Services Committee, the central bank leader turned up concerns he had expressed earlier this month about growth as the U.S. remains mired ina recession that began in February.
Despite gobs of central bank money being deployed, health dangers remain and the risks for markets appear to be to the downside.
CDC Says U.S. Has ‘Way Too Much Virus’ to Control Pandemic as Cases Surge Across CountryJun 30, 2020 - 04:50:47 PDT
The coronavirus is spreading too rapidly and too broadly for the U.S. to bring it under control, Dr. Anne Schuchat, principal deputy director of the Centers for Disease Control and Prevention, said Monday.
Coronavirus Live Updates: New Flu Strain Found in China; Who Warns ‘The Worst Is Yet to Come’Jun 30, 2020 - 04:42:29 PDT
The coronavirus has infected more than 10.3 million people around the world as of Tuesday, killing at least 505,518 people.
If history is any guide, we could be heading toward $4,000 gold. This according to analysis by US Global CEO Frank Holmes.
If they continue to try to suppress the price of gold on the paper markets, all that will happen is that the...
Gold stocks never grew overvalued in this post-panic upleg, and they are still undervalued today...
Gold stayed within striking distance of the $1,800 per ounce target on Monday, with the safe-haven crowd keeping the yellow metal in positive territory despite an unexpected ramp up in risk by investors shrugging off some of their fears over the Covid-19.
An emergency program run by the Federal Reserve now owns bonds issued by Warren Buffett's Berkshire Hathaway.
The question for enterprising CFOs now is how companies game the system so they can directly sell bonds to the Fed then use the proceeds to fund stock buybacks.
Contrary to many claims, the value of federal assets is nowhere near sufficient to pay off the federal debt, underscoring the fact that we should not be complacent about the size of that debt.