Precious metals are apparently waking up. And here is where you can find the best deals.
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Last week, the FOMC released the minutes from its last meeting. What implications do they carry for the gold market?
The House of Representatives on Wednesday passed legislation condemning China for the detention and torture of Uighur Muslims in the country's western region of Xinjiang as tensions between the U.S. and China continue to escalate.
U.S./China Tension Only Set to Get Worse, ‘There Is No Off Ramp’: BloombergMay 28, 2020 - 07:23:13 PDT
With Donald Trump and Xi Jinping both focused on ramping up domestic support in the wake of the pandemic, the bottom is rapidly falling out of U.S.-China relations. And few in either Washington or Beijing seem in the mood to stop it.
It’s only a matter of time before the Trump administration hits China over a range of grievances. The question for CEOs, investors and economic policy makers is how bad things will get.U.S. lawmakers moved on two fronts Wednesday...
That is the lowest level of pending home sales since records began in 2001...
April pending home sales see the largest drop in the survey's history, but Realtors are actually upgrading their 2020 forecast.
In the first few weeks of the pandemic, it was just a trickle: companies like Alaskan airline Ravn Air pushed into bankruptcy as travel came to a halt and markets collapsed. But the financial distress wrought by the shutdowns only deepened, producing what is now a wave of insolvencies...
The crosscurrents of in/de-flation and the remarkable crosscurrents swirling through the economy can largely affect equity prices.
The real question is what is the Q2 devastation.
Over 40 Million Jobless In 10 Weeks: "Nobody Ever Imagined It Would Get This Bad Fast"May 28, 2020 - 06:40:57 PDT
...in the last ten weeks, almost twice as many Americans have filed for unemployment than jobs gained during the last decade since the end of the Great Recession...
The economy was booming. The stock market was setting records. Then coronavirus came along and governments shut things down to minimize the pandemic. That led to massive layoffs and a nasty recession. But once states open up, things will spring back to life and the economy will go back to being great again.That's the mainstream narrative. But it's not based on reality.
Sometimes you need to look back at where we come from to understand where you're going. Peter Schiff does just that in his May 27 podcast. He analyzes the stock market surge of last year and concludes the mainstream might be a little over-optimistic on where we're heading. The recent surge in stocks isn't based on economic reality. The economic reality is we're an insolvent zombie nation. We're just on a giant Fed-induced sugar high.
Gold edged up on Thursday after hitting a two-week low in the previous session as the rift between Washington and Beijing over Hong Kong escalated, with prices also supported by central bank and government largesse to cushion the blow from the pandemic.
May 28, 2020 - 05:28:47 PDT
Thanks to the policy of buying gold in recent years, our country has managed to secure 31.26 tons of this precious metal and thus insure the domestic market from excessive harmful impact on the economy of the current pandemic.
Secretary of State Mike Pompeo declared Hong Kong to be no longer autonomous from China Wednesday, a move that further increases tensions between Washington and Beijing and could pave the way for changes to U.S. policy toward Hong Kong that could have large ramifications for the global economy.
This is the first of two columns. Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin are presiding over the most massive economic bailout in U.S. history, a Herculean effort to blunt the impact of the coronavirus by buttressing workers and families, businesses...
“We find three new hires for every 10 layoffs caused by the shock and estimate that 42% of recent layoffs will result in permanent job loss,”...
The Bank of Korea cut rates to a record low and forecast the first economic contraction since the Asian financial crisis, but stopped short of offering clarity on what future steps it might take to shore up an economy battered by the coronavirus pandemic.
The U.S. economy desperately needs help. Unemployment, already at the highest level since the Great Depression, is expected to get worse and remain elevated for years. Yet the divide between Republicans and Democrats is threatening to delay action.
Swiss National Bank Ready To Buy Much More Tech Stocks To Weaken The FrancMay 28, 2020 - 05:06:26 PDT
It is a bizarro world: one where, the worse the global economy gets, the more aggressively the SNB will buy US tech stocks.