Precious metals are apparently waking up. And here is where you can find the best deals.
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The Bank of Canada can deliver more monetary stimulus if needed to meet its 2% inflation target as the economy recovers from the coronavirus crisis, Governor Stephen Poloz said on Tuesday.
The European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the region faces the worst economic crisis since the 1930s.
Dow Jones Industrial Average futures were up 356 points, or 1.4%. S&P 500 futures gained 1.2% while Nasdaq 100 futures traded higher by 0.6%.
The coronavirus has infected more than 5.6 million people around the world as of Tuesday, killing at least 350,000 people.
Whether or not we as a society can agree on the health risks of covid-19 or whether the national lockdowns it has triggered are worth the resulting economic damage, hopefully we can all agree that the global death toll from the pandemic is tragic.
QE To Infinity (a.k.a. Money Printing) Leads To A Systemic Reset Involving Gold & SilverMay 26, 2020
The central banks are working overtime to make sure gold & silver don't go parabolic. Their efforts, however, are doomed to fail...
April was the biggest monthly total on record, and the amount of gold imported from Switzerland over the typical month is mind-blowing...
Thanks to Central Banks, the Market Is On Fire... But Inflation Comes NextMay 26, 2020 - 13:24:42 PDT
This is why silver, gold and other inflation hedges are rapidly outperforming stocks. They KNOW big inflation is coming.
Fed’s Bullard Warns Prolonged Coronavirus Lockdown Could Trigger a DepressionMay 26, 2020 - 13:14:27 PDT
A prolonged shutdown of the U.S. economy could trigger a second Great Depression, according to St. Louis Federal Reserve Bank President James Bullard, who said the nation needs to adapt to the new risk in the era of the coronavirus pandemic.
Stimulus Will Add to High Debt Levels but Alternative Is ‘Much Worse,’ ECBMay 26, 2020 - 13:01:07 PDT
The vice president of the European Central Bank (ECB) has backed the unprecedented stimulus packages launched in the region, saying there were no alternatives for lawmakers.
Report US Considering "Transaction Controls, Asset Freezes" On Chinese Officials, FirmsMay 26, 2020 - 12:59:10 PDT
"Treasury could impose controls on transactions and freeze assets of Chinese officials and businesses for implementing a new national security law that would curtail the rights and freedoms of Hong Kong citizens."
Senate Majority Leader Mitch McConnell said a measure to lift the U.S. economy would have a more narrow scope than the $3 trillion package House Democrats approved earlier this month.
The pandemic has brought the U.S. economy to a standstill and has frozen the financial underpinnings of corporate loans. Is a debt blowout on the horizon?
Beijing will come out of the coronavirus crisis with a big first-mover advantage in official digital currency...
In short, gold isn’t going up because of inflation. It’s going up because the Fed and other central banks are slashing interest rates to fight the opposite risk—deflation
"...bringing out the bazooka..."
“I think there is a strong likelihood we will need another bill.” That’s according to Treasury Secretary Steven Mnuchin, who supports additional fiscal stimulus to combat the economic impact of the novel coronavirus—within reason.
A horn of plenty is in play, and everyone in the gold community can get their profit booking day!
Commodity Bulls Poised to Cheer if ‘King Dollar’ Finally Loses Its CrownMay 26, 2020 - 11:20:07 PDT
A closely followed U.S. dollar index is threatening to put in a “double top” on the charts. If it does, it could offer a respite to beaten-down commodity...
he 2018 and 2020 peaks are currently forming the “left shoulder” and “head” of the topping process. Such would also suggest the “neckline” is the running bull trend from the 2009 lows. A market peak without setting a new high that violates the bull trend line would define a “bear market.”