Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold’s one-day dollar surge is one for the record books. But as bullion deliveries hit a snag and mining operations slow, the precious metal may soon see prices rally to new heights.
"We are at a point where 'Fear'-driven purchases will begin to dominate liquidity-driven selling pressure as it did in November 2008," Currie wrote.
March 23 was Peter Schiff's birthday. It was also the day the Federal Reserve announced QE Infinity. So, Peter spent over three hours hosting a live videocast talking about the latest Fed moves, the potential impact on the economy and answering questions from viewers.Peter said he was hoping to combat the rampant economic ignorance that is pretty much everywhere.
We now have QE to infinity and beyond.On March 23, the Federal Reserve announced it will purchase an "unlimited" amount of US Treasuries and mortgage-backed securities. The Washington Post called the move "unprecedented" and said that it goes "much further than what the central bank did in the 2008-2009 crisis."
Mark Mobius: “I think it’s a mistake,” he said. “People should have gold and this may be a good time to increase holdings in gold -- in fact I’m thinking that myself.”
“I really think he's caught up and he's done the right thing, and I think, ultimately, we will be rewarded because of the decision he made,” Trump said.
“This open-ended and massively stepped-up programme of QE is a very clear signal that the Fed will do all that is needed to maintain the integrity and liquidity of the Treasury market, key asset-backed markets and other core markets,”
The Michigan Democrat's plan would be financed by having the Federal Reserve create new money on behalf of the Treasury. To skirt the federal debt limit, the U.S. Mint would create two $1 trillion coins, and the Treasury would deposit them in its account at the Fed.
The collateral supporting the global mountain of debt is crumbling as speculative bubbles deflate.
Indirectly via its Special Purpose Vehicles and its Primary Dealers, the Fed can buy even old bicycles, as long as taxpayers take the losses.
South Korea on Tuesday doubled a planned economic rescue package to 100 trillion won ($80 billion) to save companies hit by the coronavirus and put a floor under crashing stocks and bond markets.
There may be tentative signs of recovery in China, but the coronavirus still means acute uncertainty for manufacturers in Europe and the U.S.
Japan was already reeling from Abenomics and a seriously misguided tax hike. Then the coronavirus hit.
Economists say the U.S. is entering a sharp recession, with some projecting gross domestic product is headed for its worst drop in quarterly records back to 1947.
New Currency Crisis Dawns: Mexican Peso Plunges to Record against DollarMar 24, 2020 - 04:05:55 PDT
The flight into US dollars! Dollar-denominated debts of Mexican companies weigh heavily.
“The dollar thus has a good chance of staying strong over the next three months as much of the rest of the world suffers.”
Fed's Move to Help U.S. Treasury Liquidity, but Effects May Not Last LongMar 24, 2020 - 03:58:45 PDT
The Federal Reserve’s unparalleled steps to directly backstop the U.S. economy and its willingness to purchase vast sums of U.S. government debt, mortgage-backed securities and even corporate bonds could help boost depleted liquidity in the $17-trillion Treasury market..
Euro zone business activity has crumbled in March as the coronavirus pandemic sweeping across Europe and the world wreaks havoc and shops, restaurants and offices pull down the shutters, a survey showed on Tuesday.
Britain’s economy is shrinking at a record pace, faster than during the 2008-09 financial crisis, as businesses across the services sector shut up shop in face of the coronavirus, a survey showed on Tuesday.
The WHO has warned the coronavirus outbreak is picking up the pace, with almost every country in the world recording cases of COVID-19.