Precious metals are apparently waking up. And here is where you can find the best deals.
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Volatility has returned to European equities, but a week of selling doesn’t necessarily mean the market might revisit March lows.
Update: A Dollar Crash Is Virtually Inevitable, Asia Expert Stephen Roach WarnsJun 16, 2020 - 05:07:06 PDT
Yale University's Stephen Roach is worried a changing global landscape paired with a massive U.S. budget deficit will spark a sharp dollar decline.
Coronavirus May Sway Regulators to Allow Casinos to Say Good Bye to CashJun 16, 2020 - 05:02:50 PDT
Casinos are the world's largest legal ecosystem of cash. States currently don't permit cashless payments on casino floors. But the threat of coronavirus could change that as the CDC urges contactless payments.
Beware not just of "zombie" companies but of "zombie markets" as asset prices become distorted and detached from fundamentals, Allianz chief economic advisor Mohamed El-Erian warned in a CNBC interview.
Global Stock Markets Rally as US Government and Fed Stimulus Hopes EmergeJun 16, 2020 - 04:55:18 PDT
Stock markets around the world are bouncing back on Tuesday after the U.S. Federal Reserve announced an expansion to its incursion into the corporate credit market.
Fed Backed Credit Market Gives Investors a Reason Not to Worry Even as Volatility Returns to StocksJun 16, 2020 - 04:48:40 PDT
Credit spreads have tightened to nearly pre-coronavirus levels since the Fed stepped in with massive bond-buying programs to quell the tumult.
Dow Futures Jump Amid Report That Trump Is Preparing $1 Trillion Infrastructure ProposalJun 16, 2020 - 04:38:53 PDT
Bloomberg News reported the Trump administration is drawing up a $1 trillion infrastructure proposal. The report said a preliminary version being prepared would set aside the majority of the money for traditional infrastructure projects such as roads and bridges, though funds would also be reserved for 5G wireless infrastructure and rural broadband.
New coronavirus cases and hospitalizations continue to rise in a handful of U.S. states, prompting warnings from some health officials that greater precautions might be necessary to keep the health systems from being overwhelmed.
The latest COMEX gold deposits chart has gone almost as vertical as the US debt chart. Which isn’t easy to do, but is reflective of the growing...
The Perth Mint Has Been Buying Hundreds Of Millions Worth Of "Conflict Gold" Annually?June 15, 2020
This would be a breach of its global accreditation and internal policies...
Gold’s Decline in the U.S. Monday Was Likely Due to “Selling to Generate Cash”Jun 15, 2020 - 12:58:53 PDT
Gold futures finish lower on Monday, failing to derive support from a weaker U.S. dollar or losses in global markets sparked by worries about growing...
Trump Administration Wants to Replace $600 Unemployment Benefit with Back to Work BonusJun 15, 2020 - 12:53:42 PDT
The Trump administration doesn't want to extend a federal enhancement to unemployment benefits, which is scheduled to end July 31, according to a senior aide. Instead, it wants to offer a cash bonus for those who return to work.
Senate Republicans are beginning to question the need for more economic relief to battle the coronavirus recession, with top leaders saying that the issue won’t be taken up again until late July. One reason is that the economy is showing signs of improving. Unemployment, though...
"Powell Is Now Helpless": Even A Modest Market Wobble Threatens To Devastate The Real EconomyJun 15, 2020 - 11:54:29 PDT
... caught in a trap of the Fed’s making.
US Treasury debt has increased by $2.86 trillion in 2020 (most of it in the past three months) less than the $3.0 trillion increase in the Fed's balance sheet over the same period.
Printing Until the Cows Come Home… It started out with Jay Powell planting a happy little money tree in 2019 to keep the repo market from suffering a terminal seizure. This essentially led …
Stocks Soar Into Green After Fed Announces It Will Start Buying "Broad Portfolio" Of Corporate BondsJun 15, 2020 - 11:30:33 PDT
Hot on the heels of yet another press release that they will be buying corporate bonds, US equity markets all spiked into the green for the day.
Unprecedented government interventions to offset the economic impact of Covid-19 have driven the level of global debt close to the peaks seen in the second world war, according to Goldman Sachs.
The world's biggest asset manager BlackRock has pumped about 16 billion euros ($18 billion) into 810 European companies since the end of January, more than half of them in distress due to the coronavirus pandemic, a source with direct knowledge of the matter told Reuters.
Gold prices are edging about 0.1 percent higher today, as global investors monitor the latest developments surrounding the coronavirus pandemic.