Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Treasury Secretary Mnuchin, Fed Powell to Face Senate Grilling on Stimulus ProgramsMay 19, 2020 - 05:12:04 PDT
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin will give their first report on the economic stimulus programs implemented by the $2.2 trillion CARES Act when they testify before the Senate Banking Committee on Tuesday.
Silver has finally joined gold at the party.In the last week, the price of the white metal has moved up from $15.51 to $17.35. (as I type this on Tuesday morning May 19) That's an 11.9% increase.With the jump in the price of silver, the silver-gold ratio has dropped from over 113-1 earlier this month to 101-1 today.
The Bank of Japan said Tuesday it will hold an unscheduled monetary policy meeting on Friday to discuss steps to facilitate financing to small and midsize companies hit by the economic impact of the coronavirus pandemic.
“I am not at all worried, not about the program linked to the pandemic, and not about the previous program, under which the Eurosystem has been purchasing bonds since 2015,” she said in an interview with multiple European newspapers published Monday. “We remain undeterred in delivering on our price stability objective.”
European Countries Are Refusing Bailouts to Companies Linked to Offshore Tax HavensMay 19, 2020 - 04:53:32 PDT
The pandemic has forced world leaders to quickly deploy emergency financial measures in an effort to avoid a devastating economic collapse.
European car sales fell dramatically in April as coronavirus lockdowns in the region closed car dealerships and brought a halt to manufacturing and sales, the latest industry data showed Tuesday.
If governments try to inflate their way out of debt, bond markets will demand a price. And because when a bond matures a new bond takes its place, that inflation uncertainty risk will eventually be charged for all the outstanding debt...
On April 21, Senator Mitch McConnell stated he was in favor of the idea of letting states declare bankruptcy. The statement was met with fierce backlash from several politicians and sparked media commentary.
Powell to Tell Congress the Fed Is Committed to Using All Tools to Fight DownturnMay 19, 2020 - 04:35:54 PDT
"We are committed to using our full range of tools to support the economy in this challenging time," Powell said in remarks he will deliver to the Senate.
Today’s graphic uses data from Our World in Data to provide context with the total number of worldwide daily deaths. It also outlines how many people who die each day from specific causes.
Covid-19 has now infected more than 4.8 million people around the world as of Monday, killing at least 318,303 people.
On par with the terrible public health costs of covid-19 has been the horrific damage it has done to the global economy. In the US alone, over 36 million jobs have been lost (so far) and Q2 GDP is predicted to be down -43%.
A week that was decidedly risk off, with the prior week’s gains erased after multiple poor economic numbers hit the tape. Not to mention, escalating tensions with the U.S. and China after Federal Reserve Chairman Jerome Powell voiced the need for much more stimulus to prevent a depression.
May 18, 2020 - 13:07:25 PDT
Last week, House Democrats unveiled their latest pandemic-relief package. The bill combines aid for families, a bailout for struggling cities and states, and additional funds for testing, tracing, and hospitals. The price tag is about $3 trillion—and it comes just weeks after the president signed an economic-relief package worth about $2 trillion.
Gold prices have soared this year, and some experts think they could eventually pass the all-time high north of $1,900 an ounce.
The leading primary silver mining companies have experienced significant stock rallies from their lows in March. Some of the primary silver miners’ stock prices outperformed the competitors.
May 18, 2020 - 12:47:46 PDT
Topics: Three narratives of Coronavirus crisis
Is the recent monetary & fiscal response to COVID-19 leading us from deflation to inflation?
Will the Federal Reserve Act have to change?
Frontline Heroes – how did it start and how can others help?
Tucked away in the bill is Division D, Title I, the Emergency Pension Plan Relief Act of 2020, which provides benefits for single- and multi-employer pension plans.
Costs Have Skyrocketed. Here’s Why Social Security Benefits Aren’t Keeping UpMay 18, 2020 - 12:18:59 PDT
Retirees who rely on Social Security may feel their monthly checks aren't stretching as far as they used to. And they're not wrong. Benefits have lost 30% of their buying power since 2000.
The COVID-19 crisis, like the subprime mortgage crisis a decade ago, has sparked major public interventions to stabilize the financial markets. But the Fed isn’t stepping in to bail out the real estate sector — and the big losers are set to be ordinary households.