Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Falling Supply & Surging Physical Investment, We Could See Some Crazy Silver PricesJun 11, 2020 - 09:05:06 PDT
Few investors realize that the fundamentals for silver continue to improve each and every day. Unfortunately, the bullish case for owning silver is lost in a market that has gone utterly insane trading high-flying over-leveraged tech stocks and other assorted financial garbage assets. This is the way of the world presently… but a BIG CHANGE is coming.
Trump Blasts Fed for Being ‘Wrong So Often’ and Says 2021 Will Be ‘One of Our Best Ever Years’Jun 11, 2020 - 09:02:17 PDT
President Donald Trump has launched his first attack against the Federal Reserve in months, taking issue with the central bank's subdued economic forecast.
Barely a week ago it looked like mortgage rates were finally breaking higher, but in a sudden reversal, they just set a new record low.
Jun 11, 2020 - 08:56:18 PDT
But, there are risks. One is inflation. What if, with all this new money around, the world’s economic actors wake up to the fact that it’s worth less than it used to be. After all, what’s a dollar worth if everyone’s got one, and if governments just print trillions more when times are difficult?
Rabobank Says The Fed Will Cause Everything To Come Crashing Down In Epic RuinJun 11, 2020 - 08:51:55 PDT
... and people will have to look at themselves in the mirror, or tell their kids what they did when this was all going on: "I described the hand movements of an idiot being paid a fortune to eat soup with a fork."
The world stands on the brink of a food crisis worse than any seen for at least 50 years, the UN has warned as it urged governments to act swiftly to avoid disaster.
America's economy – based on global demand for advanced goods, consumer demand for frills, and ever-growing household and business debts – was in many ways prosperous. But it was a house of cards, and COVID-19 has blown it down.
Jun 11, 2020 - 08:30:31 PDT
“Inequality is not just about wages. It’s also about wealth and a number of studies have suggested that by keeping rates low for so long and targeting the markets after the Great Financial Crisis, that the Fed did contribute to wealth inequality in this country.
The Fed put a new tool in it's toolbox today. It will no longer think about thinking.
The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals.
It appears Powell burst the bubble for now...
“Even if things start to improve, we don’t expect the Fed to increase rates at all, so we’re going to be in a very low interest rate environment for the foreseeable future, and that’s positive for gold,” said Bart Melek, head of commodity strategies at TD Securities.
New York faces a gold rush after the coronavirus pandemic threw precious-metal markets into disarray, setting off a scramble by traders to cut their losses.
Before the corona virus outbreak, Fed governors Richard Clarida and Lael Brainard raised curve control as a potential model, and John C. Williams has talked seriously about implementing some form of yield curve control this year.
International trade set to shrink 27% in second quarter after April 'nosedive', says UNCTADJun 11, 2020 - 07:31:24 PDT
International trade is set to plunge by 27% in the second quarter and by 20% for the year, as major sectors, including the automotive and energy industries, collapse from the effects the pandemic, a United Nations agency said on Thursday.
The Fed justifies its actions, which primarily centers on injecting money directly into financial markets by purchasing bonds, by turning the argument around and saying the economy ultimately reflects markets. This is known as the “wealth effect” that was championed by former Fed chairman Alan Greenspan a generation ago.
A massive wave of corporate distress is pitting beleaguered companies against their lenders in brawls that are shaping up to be nastier than ever before. Desperate firms and their private equity owners are seeking to take advantage of years of weakening creditor protections to help cut obligations and raise...
Investors are preparing for the Federal Reserve to tap a policy tool untouched since the aftermath of World War II, a move that could change how key financial markets behave and give an even bigger boost to the stock market’s best performers.
The U.S. dollar would probably come under further pressure if the Federal Reserve adopts targets for U.S. Treasury yields that would limit their rise and ensure that interest rates remain near zero for some time.
Mnuchin Scrambles To Halt Stock Rout, Says Will "Pump" Another $1 Trillion Into Economy This MonthJun 11, 2020 - 06:58:45 PDT
This time the Treasury Secretary's attempts to boost animal spirits as stocks tank