Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Treasury Launches 20 Year Bond to Help Fund Record Borrowing This QuarterMay 6, 2020 - 05:41:26 PDT
The Treasury Department is launching a new 20-year bond in an effort to fund a record level of borrowing the government will need to do this year to support the economy through the coronavirus pandemic.
Fed's Bullard Says the Jobs Report on Friday Will Be One of the Worst EverMay 6, 2020 - 05:38:21 PDT
St. Louis Federal Reserve President James Bullard said Wednesday that Friday’s jobs report will likely be one of the worst in American history.
For context, the largest monthly job loss during the great financial crisis was just 834,700!
Italy and Spain, the two European countries most severely hit by the coronavirus, are suffering even deeper slumps after record contractions in the first quarter.
The guidance from those still offering it is running more negative than at any time since the worst of the Great Recession. Without company suspensions of guidance, we can assume that it would have been even worse:
"If unemployment remains elevated for an extended period of time, and especially if there is not additional rounds of government stimulus, we’re at some significant risk of cascading bankruptcies."
“As a result, our national debt is about to hit $25 trillion, our deficit this year will be double the worst year of the financial crisis, and we are risking higher interest rates and inflation.
The nation of Jean-Baptiste Colbert — the 17th-century top-down economic planner who likened taxation to the art of plucking feathers from a goose — was already the top state spender and tax collector
House Speaker Nancy Pelosi held a virtual roundtable with small-business owners and advocacy organizations Tuesday afternoon as the federal government’s program for supporting businesses with fewer than 500 employees was well on its way to exhausting the roughly $640 billion Congress has allocated to it so far.
Analysts fear unintended consequences of the Swiss central bank’s vast foreign-currency holdings.
That decision is likely to add several trillion dollars to an already impressive deficit this year. We could easily see a repeat performance next year. Spiraling deficits will eventually produce a budgetary reckoning, with the Defense Department likely to be one of the victims.
Emptied out malls and hotels across the U.S. have triggered an unprecedented surge in requests for payment relief on commercial mortgage-backed securities, an early sign of a pandemic-induced real estate crisis.Borrowers with mortgages representing almost $150 billion in CMBS...
EU Predicts Region Will Contract 7.4% in Worst Economic Shock Since 1930sMay 6, 2020 - 04:33:08 PDT
In February, the European Commission estimated a 1.4% rise in GDP for the EU this year.
Investors' No. 1 Concern Is a Us/China Political Face Off, Says EconomistMay 6, 2020 - 04:29:58 PDT
The coronavirus pandemic might have peaked, but the political fallout from it is just picking up pace and investors are getting very worried, said an economist on Wednesday.
Russia Stands by China, Tells US to 'Deliver Proof' Over Virus AllegationsMay 6, 2020 - 04:27:50 PDT
President Vladimir Putin's spokesman said that Russia couldn't "show any solidarity" with China-bashing statements from the U.S., and stressed the importance of Moscow's relationship with Beijing.
Millions of People Are Expected to Fall Ill With Tuberculosis Due to LockdownMay 6, 2020 - 04:25:17 PDT
Global lockdown measures as a result of the coronavirus pandemic could lead to millions of people contracting tuberculosis (TB) over the coming years, according to a new study.
Johns Hopkins University data showed over 3.65 million people have now been infected with the coronavirus and more than 256,800 have died.
New research is revealing that covid-19 has a more transmissive strain: the G clade, which may also be associated with a higher viral load.
Two Swiss Gold Refiners Begin To Restore ‘Almost All' Operations After Six Weeks Of ClosuresMay 5, 2020
Just in the nick of time!
Paul Singer's Elliott Management reportedly called gold 'one of the most undervalued' assets around, as hedge funds bet big on the precious metal.