Precious metals are apparently waking up. And here is where you can find the best deals.
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Data is increasingly suggesting that the first wave of covid-19 in a country (or state) is the worst. The most people get infected during that initial period, as expected with a virus with an R0 this high.
Gold prices are retracing from highs today after touching their highest level in more than seven years. The gold price hit a peak of $1,779 yesterday as investors started to diversify their bets. Five key factors are likely to push gold prices higher in the coming days.
"Depression Like Crisis" Unfolding With No V Shaped Recovery Until 2023, UCLA Anderson WarnsJun 25, 2020 - 12:26:45 PDT
"To call this crisis a recession is a misnomer."
Global Housing Markets Ensnared by Pandemic’s High Unemployment: Reuters PollJun 25, 2020 - 12:23:44 PDT
The outlook for major global housing markets looks subdued, with high unemployment from the coronavirus pandemic and lockdowns and low immigration the biggest hurdles over the coming year, according to a majority of analysts polled by Reuters.
We’ve had many requests for Mike Maloney’s opinion on Brent Johnson’s ‘Dollar Milkshake Theory’, so we decided to go one better - a conversation between Mike and Brent covering the dollar, gold, and their expectations for the economy in general. Don’t miss this 25 minute clip, it is packed with very useful information.
Jun 25, 2020 - 11:16:26 PDT
It is stunning that The Federal Reserve now holds almost 50% of the US Treasury debt outstanding. At the same time, Japan and China are reducing their holdings. Meanwhile, the government-shutdown o…
Debt deflation is devastating. It's also rare.
The world experienced a brush with it when the subprime housing market imploded about 12 years ago.
State, Local Governments Need Billions More in Aid to Avert 4 Million Layoffs, Moody’s FindsJun 25, 2020 - 11:00:30 PDT
A new private sector report is warning anew of continuing damage to the economy if Washington doesn’t deliver several hundred billion dollars in budget...
It Gets Worse: 30.55 Million on Unemployment. Week 14 of U.S. Labor Market CollapseJun 25, 2020 - 10:56:20 PDT
Had a setback. Over 11 million gig workers on unemployment insurance. But four states, including Florida, still can’t process federal PUA claims.
On April 5, 1933 everyone’s favorite fascist, President Franklin D. Roosevelt, signed an executive order which outlawed the private ownership of gold. To justify the seizure…
The debates will last for years as to how we got to this point, but the fact is, most developed economies are in dire straits. The lockdowns have resulted in disaster for many businesses large and small, whilst the survivors have found that they have had to take on a huge extra debt burden...
Jun 25, 2020 - 09:16:22 PDT
Regular readers of our content know that we have been building the case for several years now on why gold deserves a place in diversified portfolios. Sure, we see significant upside in gold (unlimited upside, in fact), aided as I will show by the unprecedented...
Bank Stocks Surge After Regulators Ease Volcker Rule, JPMorgan Chase Climbs 2%Jun 25, 2020 - 09:14:26 PDT
The move is in line with the Trump administration's broad push to roll back regulations.
Gold is starting an upside-break-out price move targeting the 2011 all-time high near $1924. What this is telling us is that global investors and traders...
Bank of America Backs Gold for All Time High This Year as Precious Metal SurgesJun 25, 2020 - 08:39:16 PDT
Gold has continued to rise of late as a resurgence of coronavirus cases, particularly in the U.S., has dented some of the investor optimism about the speed of a post-pandemic recovery.
Silver is still near all-time lows in many ways. One of the most significant measures wherein silver is at an all-time low, is its price relative to the amount of US dollars (US monetary base) in existence.
Over the past decade, these top five countries were the leading silver investors in the world. From 2010 to 2019, citizens in these countries invested over two billion ounces of silver bars and coins. Which country was the largest investor of silver?
Gold and Silver Penny Stocks Could Be the Next Robinhood Trader ObsessionJun 25, 2020 - 08:20:53 PDT
Crescat Capital’s global macro analyst Otavio ‘Tavi’ Costa thinks we are in the early stages of a major bull market for precious metals, and that is good news for one unloved group of stocks.
Jun 25, 2020 - 08:18:57 PDT
Everyone is talking about the massive disparity between stock prices and fundamentals right now. To paraphrase Jeremy Grantham, we now find ourselves in the top 1% of stock market valuations and the bottom 1% of economic outcomes (based on the annualized rate of decline in second quarter GDP).
Jun 25, 2020 - 08:16:36 PDT
Warning of the biggest slump since the Great Depression, International Monetary Fund warns coronavirus crisis will sink global economy in 2020, predicts global collapse in GDP of 4.9%.