Precious metals are apparently waking up. And here is where you can find the best deals.
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"96-0 in the United States Senate. Congratulations AMERICA!"
"Americans need to be prepared for the possibility that COVID-19 could become a seasonal disease, Dr. Anthony Fauci warned Wednesday.
The number of deaths in the U.S. has reached 1,041, according to the latest data from Johns Hopkins University.
We're seeing a new campaign in the media of opinion pieces by credentialed 'experts' claiming the virus may not be as bad as initially expected
5G is not just an incremental improvement over 4G — it is the next major evolution of mobile communication technology. It will massively improve download speeds and reduce latency, but more importantly, it will facilitate significant technological progress in a whole range of sectors, such as the Internet of ...
With the Crash in Stocks, Are They Now a Better Value Than Gold & Silver?Mar 25, 2020 - 15:12:20 PDT
The Covid-19 crisis has been brutal to the stock market. The S&P 500 has fallen 24% so far this year. The Dow is down 26.5%.Perhaps surprising to some investors, gold is actually positive on the year. It ended 2019 at $1,514 an ounce, so as I write it’s up over 6%.Does this mean that stocks are now on sale and trading at a discount? Does it maybe even signal that it’s time to sell gold and buy common stocks?To answer that let’s look at the ratio of gold and silver to the S&P 500.
May silver Futures, 2.616% rose 61.6 cents, or 4.3%, to end at $14.873 an ounce, after the white metal jumped 7.5% Wednesday.
Lost in our fixation on the plunging stock market is a momentous anniversary: The 20th anniversary of the S&P 500’s peak at the top of the internet bubble....
“We’re still selling, but we’ve got to defer deliveries,” Thomson said. “If somebody is prepared to do that, we can still trade. Otherwise the trading is limited to minimal stocks.”
Just as demand for the metal soars with investors seeking a safe haven from unprecedented economic turmoil, a glitch has appeared in the global market. The price of gold in New York and London has diverged by the most in four decades after lockdowns and grounded planes strangled the supply routes that allow physical gold to move around the globe.
Goldman Sachs Says It Is Time to Buy Gold: The ‘Currency of Last Resort’Mar 25, 2020 - 13:12:24 PDT
“We have long argued that gold is the currency of last resort, acting as a hedge against currency debasement when policy makers act to accommodate shocks such as the one being experienced now,” said analysts at Goldman Sachs led by Jeffrey Currie.
Gold up Biggest in 11 Years on Tight Supplies, Limitless Monetary StimulusMar 25, 2020 - 12:59:31 PDT
Gold prices on Tuesday posted their largest daily percentage surge in more than a decade as the precious metal extended its rally in the wake of the closure...
The London Bullion Market Association (LBMA) and several major banks that trade gold have asked U.S. exchange operator CME Group Inc to allow gold bars in London to be used to settle its contracts to ease disruption to trading, sources said.
CME Group Inc (CME.O), the world’s largest commodities exchange, raised margins for Comex 100 Gold Futures <0#GC:> contracts by 19.3% on Tuesday.
The coronavirus "pandemic continues to take a massive toll," WHO Director-General Tedros Adhanom Ghebreyesus said.
Coronavirus Bill Will Create 'Devastating' Incentive to Lay off EmployeesMar 25, 2020 - 12:39:09 PDT
New coronavirus relief legislation would greatly expand benefits for unemployed workers, and extend payments to previously ineligible groups like gig workers.
Six Trillion Lies - the latest plan to ‘save the US economy’ sounds great to most people at first glance, but as Mike Maloney explains in today’s update - when you take a look under the hood of the economy, the original parts just aren’t there any longer. Buyer beware. How did this happen? Check out Mike’s latest in-depth look at the Fed’s balance sheet to find out. Thanks especially to those of you who have been sharing Mike's updates on social media, it is much appreciated.
The number of distressed bonds neared 1,900 this week, just shy of the record 2000 hit during the financial crisis, Bloomberg data shows.
As of Wednesday, more than 441,100 cases of coronavirus have been reported, resulting in at least 20,499 deaths.
On Monday, WHO officials warned that the global outbreak is picking up pace.