Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Things are getting frothy, and gold needs a correction. Here's why...
Even before today, financial conditions were tightening at the fastest pace since the 2008 crisis.Markets buffeted by coronavirus fears were thrown into tumult Monday by the potential of a full-blown oil-price war. The next pain point to watch is in credit, from frozen primary markets...
Mark Zandi of Moody's joins "Squawk on the Street" to discuss the likelihood of a recession amid the market sell-off and concerns over coronavirus and an oil price war.
S&P 500 Just Has Its Third Worst Open Ever, Since Financial Crisis & 9/11Mar 9, 2020 - 08:45:25 PDT
The widely-traded ETF representing the S&P 500 had its third worst open ever, aside from during the financial crisis and after 9/11 in 2001.
The New York Federal Reserve Bank will raise the amount of money it offers to banks for short-term funding to at least 150 billion U.S. dollars since Monday, as concerns over COVID-19 continued to cloud the global financial markets.
Not even gold is immune to the barrage of selling that’s hitting global markets today.The precious metal jumped above $1,700 an ounce when markets opened in Asia, but couldn’t sustain the new high as investors dumped risk assets in a round of panic selling.
When the pace of events accelerates and perception travels faster than information, it’s sometimes difficult to keep up. Just a few days after we issued our expectation for interest rate cuts this spring, the U.S. Federal Reserve reduced its benchmarks by fifty basis points. It was the Fed’s first move of more than a quarter-point, and the first move outside of formal meetings, since 2008.
“The problem with most of the current analysis, which suggests a “no recession” scenario, is based heavily on lagging economic data, which is highly subject to negative revisions
The margin on crude oil, which was set at 16.3 per cent on friday, kept on rising today with MCX imposing margins of up to 60%...
Everyone with a pension fund or 401K invested in stocks better hope the Fed becomes the buyer of last resort, and soon.
Trump, meanwhile, is blaming an oil-driven spat between Saudi Arabia and Russia - not coronavirus fears - as "the reason for the market drop!"
With stocks looking set to open sharply lower, investors will be watching for more market circuit breakers that can halt trading.
The virus has spread past the point of containment, Scott Gottlieb said, and hard-hit regions should be moving toward mitigation efforts.
...we’re faced with the most critical time since the financial crisis.
Barclays' Michael Gapen believes the Federal Reserve will take more steps to ease the coronavirus impact.
Government policymakers will need to implement “substantial” targeted fiscal, monetary and financial market measures to combat the economic impact from the rapidly spreading coronavirus, International Monetary Fund chief economist Gita Gopinath said on Monday.
Watch live: World Health Organization Holds Press Conference 10:00 a.m. ETMar 9, 2020 - 06:50:25 PDT
Epidemics have emerged in countries across the world, notably in Iran, Italy, and South Korea, where the number of cases and the death toll are rapidly increasing.
"Something is seriously wrong here."
...all eyes are now on Christine Lagarde and her comments after the ECB’s Governing Council meeting on Thursday. In my view, essentially three options are available to the ECB..
The price of bitcoin has fallen to a one-month low below $7,900, amid a wider sell-off in the global financial markets.