Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
“In May, what market? I don’t see no market”: Realtor.
An unsettling undercurrent of the unemployment amount of unemployment claims is the number of people who are also losing access to health insurance because they lost their job.
Let's crunch the numbers starting with totals from the March Jobs Report and my understatement Unemployment Rate Jumps to 4.4% But Worst is Yet to Come.
The Fed further dialed back the pace at which it plans to buy Treasuries under its unlimited quantitative easing program. The U.S. central bank, which has been aggressively purchasing Treasuries in a bid to offset the economic and market fallout...
Banks Built a $35 Billion Fortress to Protect Against Bankruptcies, DefaultsApr 17, 2020 - 12:03:41 PDT
That unprecedented sum underscores the magnitude of the economic shock, vast uncertainty over the shape of a recovery and a new accounting standard that requires banks to project losses over the life of loans.
Will enormous currency devaluation accelerate the next phase of gold's bull market with gold going over $2,000 per ounce in the near future?
Apr 17, 2020 - 11:54:53 PDT
...it would raise the prospect that China could have to tap into its massive foreign exchange reserves to help pay the nation’s foreign bills.
Apr 17, 2020 - 11:34:17 PDT
Another worrying sign has popped up in the high-yield bond market: A record amount of risky debt is coming due within two years.
"...consumer confidence doesn’t ‘go gently into the night,’ but rather ‘screaming into the abyss'..."
Guggenheim’s Minerd Sees Chance of S&P Falling as Low as 1,200: BloombergApr 17, 2020 - 10:13:51 PDT
“The market at this level based upon where earnings are doesn’t represent any kind of intrinsic value,” Minerd said. “It is being entirely propped up by liquidity.”
The price of a great many assets will crash, out of proportion to the decline in demand.
The coronavirus pandemic and economic shutdowns could have multiple second-order impacts such as deflation in some economies, a loss of output, permanently-shifted supply chains and a re-evaluation of regulation...
Weekly flow data from Bank of America Corp. and EPFR Global continue to show a clear investor preference for money-market funds. Assets under management in this category have swelled to $4.5 trillion following seven week of inflows...
India’s central bank governor laid the ground for more interest rate cuts as he took a number of steps to boost liquidity and support lenders amid a nationwide lockdown that’s brought the economy to a virtual standstill.
In Fargo, North Dakota, cheap fuel has never been so unwelcome. The Midwestern city is so awash in gasoline, the fuel last week sold for a record 12 cents a gallon at the rack -- its last stop before the pump.
Interest rate cuts may do more harm than good to Japan's economy hit by fallout from the coronavirus pandemic, a senior International Monetary Fund official said, warning the central bank against pushing rates deeper into negative territory.
Bank of Russia Governor Elvira Nabiullina hinted at a bigger-than-normal interest-rate cut when the central bank meets next week, stressing that monetary easing is now the “main option.”
And on a year-over-year basis, LEI crashed 6.6% - the biggest annual drop since September 2009...
We've had more than our fair share of stress over the last few weeks. I think we could all use a good laugh. And I have one for you. It has to do with teeth.
Desperate Times - Desperate Measures: The Fed is working on a plan to publish transactions on its website for its coronavirus emergency lending facilities, as pressure builds for transparency over what could be trillions of dollars of support, according to the central bank.