Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Early on in the market selloff, some market pundits were quick to say stocks were getting cheap as reflected by a forward P/E multiple that plunged from a high of 19x to 13x, which is considerably lower than the 10-year average of 15x.
That’s the warning from Wall Street banks as the world plunges into its deepest peacetime recession since the 1930s, after the virus forced governments to demand that businesses close and people stay home.
“Later we will look at how to pay down the debt and how we manage public finances in the most efficient way,” she added. Former ECB chief Mario Draghi has called for corporate debt cancellations.
Bank of Japan Governor Haruhiko Kuroda on Thursday warned that uncertainty over the country’s economic outlook was “extremely high,” with corporate funding strains worsening.
America's department store chains have seen their odds of defaulting escalate more than any other consumer-facing companies over the past month, according to a new analysis by S&P Global Market Intelligence.
The Fed said most of the ETFs it will buy “will be of ETFs whose primary investment objective is exposure to U.S. investment-grade corporate bonds, and the remainder will be in ETFs whose primary investment objective is exposure to U.S. high-yield corporate bonds.”
Think about it. Stock prices are expressed in fiat.
The dollar dropped broadly on Thursday after the Federal Reserve rolled out a $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest move to keep the U.S. economy intact as the country battles the coronavirus pandemic.
The forced closure of businesses across the United States and surge in unemployment due to the coronavirus pandemic will force U.S. growth to contract by 30% in the second quarter and 5% overall in 2020, Pacific Investment Management Co (PIMCO) wrote on Wednesday.
European Central Bank policymakers feared a rapid deterioration of the euro zone economy amid the coronavirus crisis but were far from united when they approved emergency measures last month, the accounts of their late-night March 18 meeting showed.
He will take questions too...
“Consumers need to be prepared for a longer and deeper recession rather than the now discredited message that pent-up demand will spark a quick and robust economic recovery,”
The swelling ranks of unemployed Americans and images of shuttered shops and empty streets have begun to tell the grim tale of the economic destruction caused by the Covid-19 pandemic.
The pandemic sweeping the world will turn global economic growth "sharply negative" in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said.
Powell Says the Economic Recovery Can Be 'Robust' After Virus Is ContainedApr 9, 2020 - 07:01:53 PDT
Powell spoke during a webinar for the Brookings Institution the same morning that the Fed announced a new $2.3 trillion financing initiative
Did you hear the one about the Russkies no longer buying gold? Well, the MSM just made a sequel to it, only this one makes even less sense...
In the first quarter, they snapped up a record-breaking $23 billion of exchange-traded funds that hold the metal, according to a recent report from the World Gold Council.
There’s a clear correlation between the annual growth rate in M2 money supply and the price of the yellow metal. In the times when money supply surged from the same period a year earlier, gold prices followed.
“The market itself is not broken,” said Rhona O’Connell, head of market analysis for EMEA and Asia at INTL FCStone. But it’s “thin and dislocated.”
Shocking 17 Million Americans Have Filed For Unemployment In Past 3 WeeksApr 9, 2020 - 06:43:32 PDT
Put another way, we have lost 1132 jobs for every confirmed US death from COVID-19 (14,817).