Precious metals are apparently waking up. And here is where you can find the best deals.
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On November 6, 2000, then US presidential candidate George W. Bush told a crowd of cheering supporters, “they misunderestimated me.” Now, if English is not your native language, allow me to clear the…
The Big Three automakers plan to close all U.S. auto factories as the coronavirus sweeps across the country, people familiar with their plans told CNBC.
This is the biggest 7-day gain for the USDollar since Black Wednesday in 1992 when George Soros "broke The Bank of England"...
Stock market numerology says 1435 is the new 666.
Ackman Pleads to Trump to Closures to Save the Economy: 'Shut It Down Now'Mar 18, 2020 - 09:59:24 PDT
Ackman, the founder of Pershing Square Capital Management, earlier said in a tweet that President Donald Trump to shut down the U.S. for one month in an effort to contain the coronavirus
President Trump announced Wednesday he will invoke the Defense Production Act, which would allow the administration to force American industry to ramp up production of medical supplies that are in short supply in the fight against the coronavirus
The first wave of bad economic news directly related to the coronavirus crisis is likely to come from weekly jobless claims figures.
Roughly 1 in 4 Americans say they will have trouble paying their credit card bills due to the coronavirus outbreak.
Mnuchin: Taxpayers Must File by April 15, Can Delay Payments for 90 DaysMar 18, 2020 - 09:46:11 PDT
The Treasury is granting extra time to pay taxes owed from last year, but the reprieve doesn't apply to your tax return. You must file your return by April 15, said Steven Mnuchin, Treasury Secretary.
The government hopes to send out its first round on April 6 and the second on May 18. It will base payment amounts on income level and family size.
“Gold could bounce back towards $1,550ish, but still think we are in range of $1,500-$1,600 in near term,” he told MarketWatch. “Long term, gold has to go higher once panic subsides and new normal takes over.”
The Central Bank of Mongolia, also know as Mongol Bank, purchased 952.6 kg of gold from legal entities and individuals in February, 2020; this is an increase of tenfold on the same month in 2019. This sharp rise of gold purchase came after Mongolia closed its border with China in order to prevent the spread …
the fundamentals have never been better for gold and silver prices to rise making the discounted present value of these companies even better. Global central bank money printing is poised to explode which is important because the world fiat monetary base is the biggest single macro driver of gold prices. Gold itself is already undervalued relative to global central bank assets which targets gold at $2400 an ounce today.
I have heard from precious metals dealers that the past two days have been the busiest in 30-40 years. The result has pushed U.S. Mint Silver Eagle Sales to a new monthly high not seen in years, excluding sales for January (typically higher each year due to restocking of the latest issue).
Mar 18, 2020 - 08:50:43 PDT
The most amazing record broken was not in the stock market, however. It was the long-standing record in what’s perhaps the longest-running price series in financial history: the gold/silver ratio.
“If gold’s being sold to raise cash in an emergency, which is what appears to be happening now, then it is doing its job as a safe haven,” said Brien Lundin, editor of Gold Newsletter.
“78 percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year. Overall, 71 percent of all U.S. workers said they're now in debt, up from 68 percent a year ago.”
White House Now Promising 2 $1,000 'Helicopter Money' Checks for AmericansMar 18, 2020 - 08:35:13 PDT
"Trade will not be affected. Details to follow!"
Live: White House Virus Briefing After 'Depression Era' Unemployment WarningMar 18, 2020 - 08:29:32 PDT
The White House coronavirus task force will deliver Wednesday's daily briefing at 11:30 am ET.
Prime Minister Justin Trudeau has announced that the Canada- U.S. border will close to all non-essential travel, and that the federal government is prepared to spend a combined $82 billion on direct financial help and economic stimulus.