Precious metals are apparently waking up. And here is where you can find the best deals.
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...but under the surface of plunging sales, plunging homebuyer and homebuilder sentiment, and soaring mortgage deferrals, nothing good is coming soon in the US housing markets.
I must explain something to you all. Wall Street hates gold but it loves oil. Wall Street does not understand gold, but it...
The mainstream is a fickle place.On the one hand, we had Bank of America raising its 18-month price projection for gold to $3,000. On the other hand, someD people argue the price of gold could crash later in the year.
The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.
GOLD is the barometer of global concerns for all fiat currencies since the key store of value has made all-time highs against everything but the dollar. The strength of the U.S. currency continues to be a story of massive emerging market dollar-denominated debt coupled with collapsing commodity prices over the last eight weeks as the global economy grinds to a halt.
The conclusion? A ton of “generalist” money is about to start chasing a relatively tiny supply of monetary metals and related stocks. That’s good for gold but great for silver, which quadrupled the last time it came into favor:
A = coronavirus. B = economic meltdown.A caused B.That's the mainstream narrative when it comes to the economic pain we're feeling right now.But in reality, A did not cause B. B was in the works long before A came along.
Reid suggests the most likely conclusions are either financial repression, or a dose of inflation. And as nobody in the markets is positioned for inflation at present, that might just be the position of maximum pain.
Federal Reserve Chair Jerome Powell has already cut interest rates to nearly zero, but he still has to decide if more should be said about how long they will stay there.
Why Investors Will Probably Cheer a National Debt That Tops $25 TrillionApr 28, 2020 - 05:20:54 PDT
Pump the U.S. economy with debt-derived cash to get it moving beyond the coronavirus pandemic, deal with the financial consequences of a weakening U.S. balance sheet later.
The ‘Great Repression’ Is Here and It Will Make Past Downturns Look TameApr 28, 2020 - 05:19:06 PDT
In the wake of the coronavirus crisis, investors need to brace for the “Great Repression,” which may be even uglier than the financial crisis-caused downturn of a decade ago.
Look for the Fed to reiterate its a willingness to do more and for a long time when it comes to existing interventions. This will be welcomed not just by those who think that the stability of the most senior market segments — such as those for government bonds and money-market funds...
...the government is having no trouble borrowing. That was evident in the $190 billion — $190 BILLION! — of Treasury bills and notes the government sold on Monday.
Who are the world's richest people today? We break down the world's billionaires based on the latest data from Forbes.
The Fed is robbing the middle class once again.For the third time in 20 years, the Fed has targeted the middle class for the benefit of the wealthy.
By 50% to 35%, Americans say their financial situation is getting worse rather than getting better, marking a sharp reversal from last year.
More Than $1,200 Check. Guaranteed Basic Income Is the Stimulus We DeserveApr 28, 2020 - 04:49:39 PDT
Stockton, Calif. Mayor Tubbs: ‘I know basic income is right for the moment because I’ve tried it’
Market measures of short-term inflation expectations remain at the lowest levels since the financial crisis, putting pressure on the Federal Reserve to address deflation risks at its meeting this week.
The Federal Reserve on Monday said it expanded the scope of its municipal debt purchase program to include more counties and cities.
Apr 28, 2020 - 04:26:30 PDT
In my first week in the House of Representatives in 1976, I cast one of the two votes against legislation appropriating funds for a swine flu...