Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
The latest unemployment numbers are grim reading. Could the Federal Reserve’s reaction to this crisis kill the economy? Join Mike Maloney for his thoughts on this, along with big news for gold and silver.
This chart shows what gold does when the federal government goes on a borrowing binge. With the U.S. government ramping up borrowing, history says gold prices should benefit, notes a prominent Wall Street analyst.
Gold prices gain on Thursday, finding support even as stocks rallied as the latest weekly climb in U.S. jobless claims fed concerns over the ongoing economic...
Consumer Confidence in Housing Falls to Lowest Level Since Subprime CrashMay 7, 2020 - 09:23:29 PDT
The economic free fall from Covid-19 is taking its toll on what had been strong housing demand just a few months ago.
Exports of gold more than tripled amid a global rush for the safe haven metal.
“Despite their dizzying rally, we continue to be cautious on equities in the near term - markets seem to be overestimating the speed of economic recovery,” he added.
The US gross national debt – the total of all Treasury securities outstanding – jumped by $1.05 trillion with a T in the four weeks since April 7 and by $1.54 trillion in the six weeks since March 23, to $25.06 trillion, the Treasury department reported today.
Brazil's real fell more than 1% in early trading on Thursday to a fresh record low near 5.80 per dollar, after the central bank's surprisingly large interest rate cut the previous evening.
Mr. Barkin noted that the U.S. government debt-to-gross domestic product percentage has been steadily rising over recent years and is on course to go from the high-30% range in 2007...
The world’s largest economy shrank at a 4.8% annualized pace in the first quarter, the biggest slide since 2008 and the first contraction since 2014, as the need to fight the coronavirus forced businesses to close and consumers to stay home.
Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces.
Fed Kashkari Still remains optimistic the U.S. can avoid a Great Depression scenario. “The Fed is acting aggressively, we will continue to act aggressively,” he said. The central bank’s balance sheet has ballooned to a record $6.7 trillion as it rolls out an unprecedented amount of stimulus...
The central banks have painted us into a corner...
Twenty-eight days.That's how long it took to add another $1 trillion to the national debt.
Investors are betting on a rally in silver, after the gap between gold and the industrial metal soared to its widest level in more than three centuries. In March the price of an ounce of gold was 125 times higher than the same amount of silver — a record going back to at least 1687, according to data compiled by Ross Norman, a veteran gold trader.
Gold prices gained on Thursday after a batch of sombre economic data heightened fears over global growth, while a stronger dollar and the easing of coronavirus-driven lockdowns by many countries limited the upside.
The world economy could face a unique “inflationary depression” as it emerges from lockdowns, with government spending propping up demand even as unemployment soars, according to economic historian Robert Skidelsky.
First-time claims for unemployment insurance were expected to increase 3.05 million last week, according to economists surveyed by Dow Jones.
The Federal Reserve is creating a massive amount of money out of thin air and injecting it into the economy. Pretty much everybody believes this is the only choice given the economic emergency we face. But we're told once the emergency is over, the Fed will take the excesses away. In his podcast, Peter Schiff explains why this will never happen. Once the drug addict is hooked, you can't just take the drug away.
Wall Street Too Optimistic as Economies Start Reopening, Stephen Roach WarnsMay 7, 2020 - 05:16:33 PDT
One of the world's leading authorities on Asia is worried Wall Street is miscalculating China's efforts to reopen its economy.