Precious metals are apparently waking up. And here is where you can find the best deals.
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t took 33 days for stocks to drop 34%, and three weeks to gain half of it back. Whiplashed investors have been thankful for a dose of calm, but signs are emerging the lull may not last. The clues are evident across options markets, in surging share volume and in widening daily price swings...
At this stage, I give a high probability that markets will further go down. From a macroeconomic view, to understand the perception of risk in the marketplace—yes, it gives you very good information.
Venezuela Sues Bank of England for Access to $1 Billion in Gold ReservesMay 20, 2020 - 09:39:06 PDT
Venezuela’s central bank sued the Bank of England for access to $1 billion in gold reserves to combat the coronavirus.The Venezuelan bank asked the BOE to liquidate the gold and send the funds to the United Nations Development Programme (UNDP), which is working with the country to prepare...
The deflationary environment created by rising Chinese exports and globalization is over. Wage pressure will increase. When the surge in spending fuelled by fiscal and monetary largesse spills over into inflation, it will be viewed as temporary, or just welcome, as the real burden of debt is eroded.
Yields on U.S. government bonds have stalled near all-time lows, a sign that investors are anticipating a painful economic recovery and years of aggressive monetary stimulus.
As coronavirus cases surged in the U.S. and businesses shut down, millions of people told their lenders they wouldn’t be able to pay their bills.
The metals and miners have been coming to life. Gold has completed its initial move but is on the verge of popping to $2000 if...
Blow-offs in the gold/silver ratio are rare and nearly always game-changing. While the past is not a perfect predictor of the future, we view the blow-off happening now as a powerful signal that silver is shifting into higher gear as it rallies to catch up with gold. This fundamental change in the relationship between these two metals could last for years.
Keith Neumeye CEO of First Majestic Silver Corp is seeing an increase in inquiries from big institutional funds regarding silver. It seems the high silver to gold ratio has caught the attention of many investors.
Gold Prices Climb Toward 5 Week High as Doubts Grow on Backdrop of EconomiesMay 20, 2020 - 06:50:58 PDT
The Federal Reserve’s April 28-29 policy-setting meeting may provide more insights about the prospects for negative interest rates, which would be a boon for precious metals. The Fed’s meeting minutes will be released at 2 p.m. Eastern, a half-hour after metals trading on Comex settles.
The simple answer is the Treasury is enabling the Fed to side-step the law, or to be more accurate, break the law. The Fed is entering light speed with a myriad of programs designed to support the economy.
May 20, 2020 - 06:37:24 PDT
Canada's inflation rate fell to -0.2 per cent in April, as the COVID-19 pandemic pushed down consumer prices to their lowest level in more than a decade.
Are negative interest rates in our future?Jerome Powell says absolutely not. But Jerome Powell also once said balance sheet reduction was on autopilot and that the Federal Reserve wasn't going to cut interest rates. What the Fed chair says today doesn't necessarily line up with what the Fed chair does tomorrow.In fact, the markets are starting to bet on negative rates. They are, after all, the next logical step in the Fed's trek down the path of extraordinary monetary policy.
The largest ever decline in core-CPI is a signal that the Great Deflation (of debt) is very probably underway.
Fed: Unemployment Rate Could Remain at Double Digit Levels by End of YearMay 20, 2020 - 05:39:40 PDT
U.S. businesses will face weak demand as long as consumers and workers are worried about public health, and the unemployment rate is likely to still be in the double digits at the end of the year, Boston Federal Reserve Bank President Eric Rosengren said Tuesday.
Even as demand soars at grocery stores and food banks, farmers are forced to dump milk and let vegetables rot. Here's why.
Senator Mitch McConnell said in April he would be in favor of allowing states to declare bankruptcy, as the coronavirus pandemic drained tax revenues. States can't declare bankruptcy and credit agencies say they are are nowhere near it, but some lawyers have argued for it in the past.
The U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep global recession and expectations of further bond buying action from central banks.
According to one estimate, about half of small businesses will be out of cash within a month, and many of them will close. The American economy has been living off the inheritance of its pre-Covid-19 past, and that cannot go on forever.
The printing presses are running at full speed as the Federal Reserve creates money out of thin air at an unprecedented rate. Peter Schiff recently appeared on Kitco News to talk about the impact of all money-printing, borrowing and government spending. Somebody has to pay for this and we all will. In fact, a lot of people will be wiped out by the inflation tax.