Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals news
Times are chaotic! Historically, when chaos reigns and emotions are turbocharged, there are winners and losers.
Overall, gold buying has been fed by central bank stimulus measures to limit the economic harm from the COVID-19 pandemic...
Jun 4, 2020 - 07:50:40 PDT
It was originally worth about $15.
ECB’s Massive QE Expansion Assures That Deflation Is Coming: Now Sees Just 1.3% in 2022Jun 4, 2020 - 07:35:50 PDT
...the latest inflation forecast is merely a carte blanche for the ECB to do even more QE when the ECB's latest massive QE expansion triggers even more deflation...
Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged customers on mutual funds.
Federal Reserve officials are unlikely to signal any new moves at their meeting next week, though many economists expect they will turn to yield-curve control later this year, recruiting a tool not used in the U.S. since World War II.
U.S. trade in goods and services plunged in April to the lowest level in almost a decade as the Covid-19 pandemic stifled demand and hindered logistics.Exports declined from the prior month by 20.5%, the biggest drop in comparable data back to 1992, to $151.3 billion.
California's Legislative leaders on Wednesday rejected billions of dollars in budget cuts to public schools and health care services that Gov. Gavin Newsom had proposed,...
While companies like Apple and Amazon raise money at will, bond-market rejects are filing for bankruptcy.
"Only" 1.87 Million Americans Started To Claim Unemployment Benefits Last WeekJun 4, 2020 - 07:15:36 PDT
...we have lost 380 jobs for every confirmed US death from COVID-19 (107,175). Was it worth it?
The Biggest Us Mall Owner, Simon Property, Sues Gap Over Skipped Rent PaymentsJun 4, 2020 - 07:10:52 PDT
Simon Property Group said Gap has failed to pay more than $65.9 million in rent and other charges during the coronavirus pandemic.
Since February, 26% of Americans report they or a member of their household have gone without meals or relied on charities or government programs to obtain groceries. Here's a look at why that may be happening and the resources available for those in need.
The European Central Bank expects economic activity to rebound in the third-quarter, but the speed and scale of the rebound is "highly uncertain." President Christine Lagarde made the comments in Frankfurt during a virtual press conference.
Even as US stock markets rally and people anticipate a quick recovery as economies open up, a tsunami of defaults and evictions looms on the horizon.The mainstream narrative has been that although the coronavirus shutdowns have rocked the economy, it's not a financial crisis like we saw in 2008. Back in April, Peter Schiff said that we were absolutely heading toward a financial crisis and it will be worse than 2008.
Now that it appears the virus is ebbing and things are slowly opening back up, let’s look at how our two favorite investments have fared so far this year. Did gold provide a hedge? How did metals perform against the stock market? And where is the better value now?This chart “pictorial” answers all those questions…Gold and Silver Year-to-DateFirst, let’s look at how the precious metals complex has performed so far in 2020, through May 29.
Hedge funds are getting ready for another slump in stock markets after growing uneasy that surging prices do not reflect the economic problems ahead.
There's a growing list of borrowers desperately holding on to cash. Lloyds Banking Group Plc has joined Deutsche Bank AG and Aareal Bank AG in going against normal protocol in order to hoard cash. The British bank has become the third European bank this year to refuse to redeem an outstanding "CoCo" bond at its first call date, something that was unthinkable a few months ago.
Hopes of more stimulus has widened the chasm between market valuations and the real economy, despite expectations for a slow economic recovery, growing concern over U.S.-China tensions, U.S. civil unrest and rising coronavirus infections.
Euro Surges After ECB Expands Emergency QE By €600 Billion To €1.350 TrillionJun 4, 2020 - 05:24:32 PDT
"The envelope for the pandemic emergency purchase programme (PEPP) will be increased by €600 billion to a total of €1,350 billion."
US stock markets continued their inexplicable rally despite the economic destruction wrought by the coronavirus-induced shutdown. The S&P500 is only down about 3.5% on the year and the NASDAQ is actually up. As a result, a lot of investors seem to be getting out of safe havens, including gold. But in his podcast, Peter Schiff explains why selling gold is a mistake if you understand what's really going on. In a nutshell, stocks are rising because the Fed is printing money. And no matter what the mainstream says, money printing matters.