Precious metals are apparently waking up. And here is where you can find the best deals.
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Even as average weekly earnings rise each month as lower-paid workers lose their jobs...
Gold took out the April highs and rose to the highest level in 8 years on Tuesday. The rally in other safe have assets has stalled in recent weeks, but gold has continued to rise. Why is gold the only safe haven left standing? Peter Schiff explained in his podcast.
Jun 24, 2020 - 05:29:58 PDT
For years, we have studied the ever-intensifying threat of a retail-investor disaster...
Millions Will Fall Off an ‘Income Cliff’ When Extra $600 in Unemployment Benefits Ends Next MonthJun 24, 2020 - 05:28:01 PDT
With the extra $600 per week in federal unemployment insurance set to expire at the end of July, policymakers grapple with how to stimulate the economy and help the 21 million Americans who are still unemployed.
Wild Ride to Nowhere: What the US Stock Market Looks Like Minus APPL, MSFT, AMZN, GOOG, FBJun 24, 2020 - 05:25:46 PDT
Entire market of 3,451 stocks minus “Giant 5” is down 1% from Jan 2018. But wow, the volatility! You would have been better off with a despicable freaking savings account.
‘Will the Fed Spend Trillion of Dollars, Every Year, Forever to Support the Market?’: Howard MarksJun 24, 2020 - 05:23:53 PDT
Billionaire investor Howard Marks appears to have more questions than answers during a Tuesday interview with CNBC.
The central bank on Wednesday left its cash rate unchanged at a record low of 0.25%, as expected. It also kept its government bond buying program unchanged at 60 billion New Zealand dollars (US$38.95 billion). The RBNZ had said in March that the cash rate would stay at 0.25% until March 2021.
"Trade wars have damaged both China and the USA's economies, reversing their positive growth trajectories."
The U.S. Is Considering $3.1 Billion in New Tariffs on Products From EuropeJun 24, 2020 - 05:12:56 PDT
The United States is studying the possibility of slapping $3.1 billion in additional tariffs on goods from the United Kingdom, France, Germany and Spain.
The coronavirus has infected more than 9.27 million people around the world as of Wednesday, killing at least 477,807 people.
Continuing it's Keystone Kops manner of dealing with covid-19, the US appears to be caught flat-footed by the resurgence of infections happening across many southern and western states right now.
Gold Prices Climb to Highest Finish Since 2012 on Softer Dollar, Trade JittersJun 23, 2020 - 13:15:43 PDT
Gold futures climb to their highest settlement in more than seven years Tuesday as low interest rates, U.S.-China trade tensions, and a weakening U.S. dollar...
Default Wave Arrives: Weekly Bankruptcy Filings Suddenly Soar Most In 11 YearsJun 23, 2020 - 13:14:00 PDT
No less than 13 US companies sought bankruptcy protection last week, the most since the peak of the global financial crisis.
Gold bullion continues to sport the best charts of all the major asset classes. A rise above $2000 would create worldwide news headlines, and at that price...
Technically Speaking: Unicorns, Rainbows, & Fully Invested Bears: Lance RobertsJun 23, 2020 - 12:26:17 PDT
The bull case seemingiy built on "Unicorns" and "Rainbows," contradicts a more bearish fundamental backdrop. Essentially, we are "fully invested bears."
Cities Warn of Infrastructure Spending Cuts & More Layoffs as Coronavirus Leaves Holes in BudgetsJun 23, 2020 - 12:16:13 PDT
More than 700 U.S. cities plan to delay or cancel infrastructure projects after their responses to the coronavirus outbreak left budgets with unplugged holes.
Sales of New Houses Rose Off Multi Year Low, as Sales of Existing Houses & Especially Condos PlungedJun 23, 2020 - 11:43:00 PDT
If the pandemic changed where Americans want to live – dense urban centers or suburbs – it will be one of the most far-reaching developments.
St. Louis Fed President James Bullard on Tuesday said he doesn’t see a risky asset bubble forming in the wake of the Fed’s efforts to battle the coronavirus pandemic.
There’s a Wave of Selling Estimated to Be in the Billions That’s About to Hit the Stock MarketJun 23, 2020 - 11:25:09 PDT
With the stock market's sharp gains this quarter, traders are expecting more volatility as investors take gains from stocks and move them into bonds.
Gold prices surged to their highest since October 2012 on Tuesday, driven by a weakness in the U.S. dollar and widespread monetary stimulus packages by central banks as a jump in coronavirus cases dents the economic outlook.