Precious metals are apparently waking up. And here is where you can find the best deals.
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The coronavirus has infected more than 7.9 million people globally, and killed at least 433,066.
Powell stated he is considering “yield curve control”, and if the Fed repeats this as it did in the 1940s, the gold price would skyrocket. Here's why...
Gold and silver will go into hiding. People will not sell their gold or silver for fiat currency...
"We're in...with some size."
All these things are good for gold, gold is a global safe haven, and the Fed is likely to continue stimulus, meaning gold could go much higher. It could be...
This year’s survey, which saw a jump in the number of responses, shows strong signs of an increase in gold’s relevance for central bank reserve management.
Jun 12, 2020 - 12:59:51 PDT
Gold rose on Friday as fears over the resurgence of coronavirus infections and a grim economic outlook by the U.S. Federal Reserve boosted demand for bullion, leading the metal towards its biggest weekly gain since early-April.
...financial system vulnerabilities -- most notably those associated with liquidity and maturity transformation in the nonbank financial sector -- have amplified some of the economic effects of the pandemic,” the Fed said. “Accordingly, financial-sector vulnerabilities are expected to be significant in the near term.”
The Fed’s Economic Forecasts Are All Over the Map, a Sign of How Uncertain These Times AreJun 12, 2020 - 12:10:54 PDT
The Federal Reserve's economic outlook isn't so much pessimistic as it is uncertain.
Government’s Cure for the Coronavirus Recession Is Worse for the Global Economy Than the DiseaseJun 12, 2020 - 11:29:36 PDT
Satyajit Das: In the U.S., government debt is expected to rise to $27 trillion by September 2020 from $23 trillion a year ago — a debt-to-GDP ratio of 135%. In OECD countries, debt levels are expected to increase by $17 trillion, rising from 109% to more than 137% of GDP.
Will massive government spending and central bank easing lead to inflation, deflation or both?
Jun 12, 2020 - 11:10:22 PDT
Over-indebtedness and deflation are two major factors that can lead to a depression, rather than a recession, through a “debt-deflationary spiral”, first described by Irving Fisher in 1933.
In last week’s bizarre public address highlighting the U.S. unemployment numbers, this was an actual quote from President Trump: "This isn't a terrible recession. I don't even mention the 'D' word. I don't talk about the 'D' word. I don't want to talk about it because every time somebody even mentions it -- I don't like the 'D' word."
Friday’s Comeback Evaporates as S&P 500 Turns Negative, Heads for Big Losing WeekJun 12, 2020 - 10:48:31 PDT
The S&P 500 and Nasdaq Composite gave up earlier gains on Friday as Wall Street struggled to recover from its worst session in three months.
CDC Issues New Guidance, Says Lockdowns May Be Necessary If COVID-19 Makes Dramatic ComebackJun 12, 2020 - 10:42:01 PDT
Arizona reports record jump in cases as Florida sees new cases at highest since early May...
"The Treasury has created a multi-hundred billion dollar level of uncertainty for the Fed’s balance sheet going into quarter-end."
Jun 12, 2020 - 09:44:58 PDT
Every major Wall Street bank tanked yesterday. Citigroup fared the worst, losing 13.37 percent of its market value versus a broader market decline of 5.89 percent on the S&P 500 Index.
Jun 12, 2020 - 09:37:34 PDT
The Trump administration said on Wednesday that it plans to keep the identities of more than 4.5 million businesses that received a government bailout through the Paycheck Protection Program a secret.
This ongoing capital shift is likely to keep pushing gold higher...