Precious metals are apparently waking up. And here is where you can find the best deals.
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The eurozone is a gigantic machine of monetary redistribution. Several independent governments can finance their expenditures through deficits that are monetized directly or indirectly by one printing press.
Earnings reports started coming in last week. It was a mixed bag, with some companies showing the negative impacts of the coronavirus-induced government shutdowns, but other companies coming in more upbeat. Peter Schiff appeared on RT Boom Bust to talk about it. He said the only thing the stock markets have going for them right now is the Federal Reserve. But one sector will truly benefit - gold.
Debt Bubble: Millions of Credit Card Customers Can’t Pay Their Bills: WSJApr 27, 2020 - 04:48:14 PDT
Credit-card debt kept many consumers afloat. Now that the debt bubble is bursting, lenders and borrowers alike are preparing for pain.
Global central banks remain under pressure to do more to support their economies through the coronavirus recession even after driving interest rates to record lows and pledging to spend trillions of dollars on asset purchases.
This is only a selection of a much longer list, but you get the idea. Basing one's decisions on analogs from the past is entering a fool's paradise of folly.
“The BOJ will continue to be walking on a tight rope with few tools left.” And speaking of few tools, with the BOJ decision leaked so far in advance today's announcement was just a formality, there wasn't even a trace of a reaction in the market.
In a stunning news release, Continental Resources, the largest shale producer in the Bakken, is shutting in most of its production in the region. That is one hell of a lot of output to shut-in as Continental Resources was producing over 200,000 barrels per day in the Bakken at the end of 2019.
It was evident from the very beginning on April 20 that the oil market was headed for trouble.Frantic sell orders had been pouring in overnight and any traders who connected to the Nymex platform that morning could see a bloodbath was coming. By 7 a.m. in New York, the price on a key futures...
27 Tankers Anchored Off California, Hundreds Off Singapore As Oil Industry Shuts Down. "No one is going to be able to dodge this bullet."
Bond investors are starting to debate whether the U.S. is heading into a deflationary spiral, even after trillions of dollars of stimulus to offset the pandemic-driven hit to growth.This year’s collapse in oil prices and the drumbeat of staggeringly weak economic data are putting the question...
Up to 3.43m people may lose their jobs in the coming months, potentially having a significant impact on overvalued Aussie property prices
Total number of coronavirus infection cases around the world was more than 2.96 million and at least 206,265 people have died.
Apr 27, 2020 - 04:02:48 PDT
Well, the campaign against hydroxychloroquine (HCQ) continues to intensify. Yesterday, Chris poked an embarrassing number of holes in the main study being cited by the recent headlines that HCQ has "no effect".
Gold’s purchasing power has increased in the Eurozone since 1999. This means that the price of gold has outpaced...
As fears mount that a US recession is looming, many investors are looking for safe haven assets in which to park their money, and “everybody knows” that...
In the early 1530s, a Spanish conquistador named Diego de Ordaz was exploring modern-day Venezuela when he first heard rumors of a nearby City of Gold. Ordaz thought he was about to hit the jackpot.
Gold futures end lower on Friday, but tally a gain for the week—their fourth weekly advance in five.
The benefits of certain portfolio hedges came into clear focus during the 2008-2009 financial crisis and did so again during the subsequent European sovereign debt crisis, the 2018 December stock market pullback and the most recent COVID-19 pandemic.
“There is a banking cris coming in the future, the big question is whether it will be bail-outs - where YOU have to pay for it through future taxation, or will it be bail-ins - where you pay for it right now as the bank takes some of your deposits?” - Mike Maloney
Deflationary periods are usually chaotic, and gold does well in chaos. In the past, we had periods with deflation, a couple of them in the 1800s and another one obviously during the 1930s. During those times, gold went up 40% on average.