Precious metals are apparently waking up. And here is where you can find the best deals.
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Stock markets have been getting hammered, ostensibly because of the economic impacts of the coronavirus. Peter Schiff has been saying this isn't really about the virus. It was the pin that pricked the bubble. If it wasn't coronavirus, it would have been something else.Regardless, the Fed hit the panic button last week and slashed interest rates by half a percent. Peter has described this as throwing gasoline on a fire. In other words, the central bank is exacerbating the problem.
Government officials and central bankers are in full-blown panic mode.Stocks crashed again Monday. The Dow Jones was down over 2,000 points, a 7.8% drop. It was the 11th biggest percentage drop in history. The S&P 500 and Nasdaq were also down over 7%.This time oil was the apparent catalyst for the selloff as Saudi Arabia and Russia launched a full-blown price war. But as always, the apparent cause and the underlying cause are two different things.
However, indicating investor interest in bullion, holdings in the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, rose to 30.99 million ounces, its highest since October 2016.
This “new normal” is a clear warning that the US must address new generation-spanning challenges such as excessive government debt with a wartime sense of urgency.
The Bank of Japan may be close to losses on its 29 trillion yen ($279 billion) stock portfolio, analysts say, raising concerns about its credibility and the sustainability of its hyper-easy monetary policy. J
Since taking over as the euro zone’s main banking supervisor, the European Central Bank has spearheaded efforts to reduce the amount of bad loans that had cumulated throughout the great recession and the euro zone sovereign debt crisis.
Goldman Sachs economists said they now expect the Fed to slash interest rates back to the record low of 2015 as the U.S. economy stagnates because of the coronavirus.
Almost a week since the world’s top financial officials pledged to use “all appropriate policy tools” to protect their economies from the coronavirus outbreak, markets are slumping and investors are wondering where the central banks are.While the U.S. Federal Reserve and the Bank of Canada
A clash of two oil titans - Saudi Arabia and Russia - is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies,...
Monday marked the first time that a modern circuit breaker kicked in, and it did its job — to pause the market and create liquidity.
Nobel-prize winning economist Robert Shiller warns the market meltdown is far from over.
Oil prices also saw some respite after registering the worst day since 1991 on Monday.
Coronavirus Live Updates: Japan Unveils $4 Billion Aid Package for EconomyMar 10, 2020 - 03:34:43 PDT
Japan has unveiled a second package of measures worth about $4 billion in spending to cope with the impact of the coronavirus outbreak, Reuters reported
While the coronavirus continues its global exponential spread, we're starting to see some positive news begin to trickle in.
Gold is testing its previous 2020 highs, but silver plunged anyway, which created a very special situation...
‘Amazingly, the market is finally waking up to the prospects of not just viral contagion but also to financial contagion’, Scott Minerd says
Jefferies chief market strategist David Zervos expects the Federal Reserve to more aggressive on monetary policy as the virus-related selloff becomes “exponentially worse.”
Close observers of the un-constitutional and immoral Federal Reserve realize that there is trouble in the central planners paradise. As happens with all attempts at trying to micromanage the world, the point is finally reached where the micromanagers are completely overwhelmed by problems of their own making. When the final story of The Fed is written, it will be no different than the unnecessary and foolish central planning schemes of the past.
A steep decline in oil prices and the stock market could trigger a slew of corporate debt downgrades and defaults, analysts say.
The Federal Reserve's monumental mistake of cutting rates this past week can only be understood in the context of the rising God complex among central planners: an overwhelming combination of ignorance and arrogance.