Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals news
Mar 11, 2020 - 03:07:48 PDT
Despite having had more time to prepare, most authorities in the US and EU are responding to the coronavirus spread with such ineffectual and wrong-minded measures that they're just making a terrible situation worse.
There's a fabulous chart pattern in play. Here are the details...
Moya however, believes that “gold will likely climb higher as the bar has been set too high for global fiscal and monetary stimulus.”
This is not anything like the Q4 2018 correction. It’s worse, much worse and it’s left utter destruction in its wake and I want to highlight some of this so everyone can get get an appreciation for what just happened and why we may not expect a magic recovery similar following December 2018.
A Bounce today was expected... as Bloomberg details, prior to Monday’s steep decline, the S&P 500 had plunged by 5% or more to start the week on nine occasions since 1955.
Rock-bottom mortgage rates are causing a surge in mortgage refinances, so much so that the industry's largest trade group is revising sharply higher its origination forecasts for the year.
Trump and the White House are attempting to put together an economic response to the coronavirus outbreak.
Mike Maloney has always said, silver is gold on steroids…Silver can move 5% or more in a single day.Unfortunately, it cuts both ways. The silver price has been falling. Watching it reminds me of that commercial, “Help, I’ve fallen and I can’t get up.”But silver is not a weak and elderly grandmother. It’s one of mankind’s oldest forms of money… it’s a core industrial element with widespread use in our society... and it is a long-standing monetary asset, a fact that will resurface when monetary issues take center stage.
Mike Maloney has always said, silver is gold on steroids…Silver can move 5% or more in a single day.Unfortunately, it cuts both ways. The silver price has been falling. Watching it reminds me of that commercial, “Help, I’ve fallen and I can’t get up.”But silver is not a weak and elderly grandmother. It’s one of mankind’s oldest forms of money… it’s a core industrial element with widespread use in our society... and it is a long-standing monetary asset, a fact that will resurface when monetary issues take center stage.
Mar 10, 2020 - 11:57:58 PDT
Jason Furman, a top economist during the Obama administration, said Congress should send a $1,000 check to every American adult and an additional $500 per child they have in a stimulus package.
Uninsured patients could expect to pay at least $500-$1,000 just to get tested for the virus, and a 10-day hospital stay could amount to a bill of at least $75,000, according to one expert.
Italian Prime Minister Giuseppe Conte appealed to the European Central Bank to do “whatever it takes” to defend the euro-area economy against the coronavirus as the number of cases in his country topped 10,000.
The chart below shows the annual change in the under 60 year old US population (green line) versus annual change in 60+ year old US population (yellow line). Also shown is annual US federal deficit split between public debt (red columns) & Intragovernmental (IG...blue columns representing Social Security, etc.), & lastly the federal funds rate (black line).
What we learned from the last crisis is that bank bailouts help banks, not the rest of us. If the Fed has to step in — and it will — it should provide help directly to the real economy.
The coronavirus panic could threaten a $10 trillion mountain of corporate debt, unleashing a cycle of layoffs and business spending cuts that would hit the economy just as some analysts are warning of a recession.
Shares of shale oil drillers collapsed by 25%-50% today. Their bonds got massacred. Saudi-Russia price-war strategy appears successful in wiping out investors in the US shale-oil sector.
Suki Cooper, precious metals analyst at Standard Chartered Bank, discusses gold prices and her outlook for the metal. She speaks on “Bloomberg Markets: Asia.”
The U.S. Mint sold another 670,000 Silver Eagles over the past three days since it published its last update showing 675,000 sold. So, the total as of March 9th is 1,345,000 Silver Eagles sold versus 650,000 for February...
President Donald Trump on Tuesday lashed into the U.S. Federal Reserve and its chairman Jerome Powell, calling the institution "pathetic, slow moving" and saying it should bring U.S. interest rates down to the level of "competitor nations."
Mar 10, 2020 - 08:20:03 PDT
Anyone who is knowledgeable and plain-speaking will tell you that the negative economic impact of the coronavirus outbreak will probably be big, that monetary policy will be of little use to counteract it...