Precious metals news

Last Friday, the US Bureau of Labor Statistics released new unemployment data. The report surprised many because it showed a decrease in the unemployment rate, while many observers had expected an increase.

"The future progression of the pandemic remains highly uncertain, with resurgence of the outbreak a substantial risk. In addition, the economic damage of the recession may be quite persistent."

Spot gold prices and gold miners have outperformed the global equity markets this year amid Covid-19 uncertainties and unprecedented global stimulus. That follows an 18% gain last year on broader global growth fears, which had helped drive a series of deals in recent months.

The U.S. Treasury is sitting on a near-record $1.5 trillion pile of cash, and what it does with it has become the biggest wild card for funding markets as quarter-end approaches.

Trillions of yen of financial support hasn’t been enough to win over Japan’s commercial banks, with the majority of lenders still vehemently opposed to the central bank’s negative interest rate policy. While the Bank of Japan’s 75 trillion yen ($700 billion) of measures to prop up lending...

European banks are close to receiving capital relief on their holdings of sovereign debt as lawmakers bolster a package of measures intended to protect the industry from aftershocks of the coronavirus pandemic.

Global poverty is set to rise above 1 billion people once again as a result of the coronavirus pandemic, which is reducing the income of the world's poorest by $500 million a day, according to new research published Friday.

You can stop looking now. It took 10 years but somebody finally found the treasure.

Editor’s Note: We hope you enjoy the research and education we’ve been providing during these unprecedented times. As you know Mike Maloney strongly believes that education is the key to preparing for the future, as well as profiting from it. This compelling new research from Jeff Clark, while only a possibility, outlines a catalyst so immense that it could alter the silver market for a generation or more. We think it’s worth considering...

“Despite the expected economic gains, few consumers anticipate the reestablishment of favorable economic conditions anytime soon."

China has embarked on a new trillion-dollar push to develop next-generation technologies such as artificial intelligence, data centers, mobile communications, in an effort to catapult the communist nation ahead of the U.S. in critical areas.

The Federal Reserve met this week and promised to keep pumping out monetary stimulus indefinitely. Meanwhile, the US government added another trillion dollars to the national debt in just 35 days even as the president and congressional leaders talk about more fiscal stimulus. In this week's Friday Gold Wrap podcast, host Mike Maharrey talks about the ramifications of all this endless stimulus and reminds us that what can't go on forever, doesn't. He also covers the week's ups and downs in the gold market and reveals that the May unemployment report appears to be fake news.

Gold, the globe’s universal currency and store of value, is being de-globalised. Mocatta, long the largest gold bullion dealer, is being unwound and shut down by Scotiabank. JPMorgan, the leading US bullion bank, is ever more reluctant and slow to take on new counterparties.

(Bloomberg) -- Emerging-market economies are grappling with a new dilemma as they begin the slow journey to recovery: how to rescue state-owned businesses without also triggering a debt crisis.Cash-strapped governments in Indonesia, India, South Africa and elsewhere are being pressured to bail out national

By resolving to keep its foot on the pedal of easy monetary policy, the Federal Reserve is likely to continue fueling a binge in corporate borrowing, which carries the risk of postponing the day of reckoning for financially distressed companies. 

DO NOT pay attention to what the crooks are doing at the COMEX and LBMA because PHYSICAL is the name of the game And NOTHING ELSE!

The Federal Reserve Bank of Kansas City's annual monetary policy symposium — one of the premier gatherings for the world's A-list central bankers and economists — will not be held in the mountain resort of Jackson Hole, Wyoming, this year for the first time in nearly 40 years because of the Covid-19 pandemic.

This has in turn led to discussions about food security and the resilience of global supply chains, which can be complex and dependent on many different factors to run smoothly.

Euro zone industrial output fell the most on record in April as coronavirus lockdowns halted activity across the region, data showed on Friday, marking the low point of the pandemic-induced contraction.

The problem now is that demand in many industrial sectors, from oil and gas to construction equipment, remains depressed, and that underscores the subdued response key policymakers such as Federal Reserve Chair Jerome Powell have shown over the big upsurge in hiring in May.