Precious metals news

The state governors will retain command of the National Guard, but the Federal Emergency Management Agency will cover all costs of the missions to respond to the virus outbreak, President Trump said during a White House press briefing.

Schiller: With the panic, now people are thinking that they might lose their jobs, or face high medical expenses – and we’re just not prepared for it.

The U.S. is entering a recession. The ultimate fear is that could turn into a protracted malaise that has some flavor of a depression.That’s far from the base case, with many analysts and investors taking heart from signs of revival in the original epicenter of the coronavirus...

The global rush for dollars that’s been roiling the $6.6 trillion a day foreign-exchange market has showcased a missing piece of financial-safety architecture that world policy makers never addressed in the aftermath of the 2008 crisis.The financial system’s reliance on one keystone currency

Monday, February 17. The novel coronavirus outbreak is raging in China, but fewer than 1,000 people have been infected outside the country. With the virus out of sight and mostly out of mind, the Dow Jones Industrial Average stands just shy of 30,000 points, driven by the longest US economic expansion in history.

Markets are experiencing a "monster mashup" of the worst financial periods in history, says Liz Ann Sonders from Charles Schwab. The spread of the coronavirus combined with the carnage in the credit markets and OPEC price war are creating a "vicious storm" at the moment.

David Bailin, CIO at Citi Private Bank, joins "Squawk Box" to discuss the latest progress in Congress to pass a coronavirus relief bill.

Republicans last week rolled out a roughly $1 trillion proposal, which is a bid to slow the potentially catastrophic impact of the coronavirus on the economy.

"I was pretty sticker-shocked," she told Time. "I personally don't know anybody who has that kind of money."

“We can lever up to $4 trillion to help everything from small business to big business get through the next 90 to 120 days as we win this war,” he added

Remember when people were all worked up over trillion-dollar government budget deficits? Those might seem like the good old days.

Global cases: At least 294,110 according to the latest figures from the World Health Organization. Global deaths: At least 12,944, according to the latest figures from the WHO.

How To Stay Healthy, Sane & Solvent.

World leaders are scrambling to implement tighter and tougher controls. Sadly, most of these desperate official actions will be necessary but insufficient.

"...central banks are your best friend if you want to own precious metals because they are going to do everything they can to debase the currency.”

Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, with an unprecedented 50% drop in gross domestic product.

Moriarty calls-out Macleod as a fraudster who has invented "new math", and Moriarty calls out Murphy as an online troll. Here are the details...

The coronavirus economic relief bill being finalized by the U.S. Congress will include a one-time $3,000 payment for families and allow the Federal Reserve to leverage up to $4 trillion of liquidity to support the nation’s economy, U.S. Treasury Secretary Steven Mnuchin said on Sunday.

Join Mike Maloney & Chris Martenson in this two-part discussion as they discuss the ‘financial armageddon’ taking place in markets, along with information on how they are investing and protecting themselves financially during this crisis. Part 1 premieres on the Peak Prosperity channel at 5pm EST: https://youtu.be/RECCXQ0h_uc , followed a few minutes later by Part 2 on the GoldSilver channel at 5:30pm EST: https://youtu.be/4Q1-x8giyoc Then, head back to Peak Prosperity channel at 6pm EST for the regular daily update. Thanks for watching, please share the links and hit the thumbs up.

With accelerated sell-offs, you get funds busting and lots of margin calls. This starts impacting on gold and other liquid assets like silver. Inevitably this is...