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    Here Are the Best and Worst States to Refinance
Dec 11, 2019 - 04:03:48 PST
On average, 75% of mortgage refinance applications are approved. But some states like Utah are more likely to approve applications than others, according to a LendingTree study.
A new analysis of vehicle costs form Autowise finds that Americans are taking on longer loan terms and paying more for their vehicles on average than they have in the past. In some parts of the country, car buyers are paying nearly $600 per month for a new vehicle.
    Gold Prices End Higher for First Time in 3 Sessions
Dec 10, 2019 - 12:55:32 PST
Traders eyed the potential for a U.S.-China trade deal and awaited the outcome of the Federal Reserve's two-day policy meeting, which ends Wednesday. February gold GCG20, +0.28% lost $3.20, or 0.2%, to settle at $1,468.10 an ounce.
“Inflation can go from 3% to 5% to 7% or more fairly quickly. Double-digit inflation could quickly follow”...
    Repo Market Legend Predicts Market Crash In Days
Dec 10, 2019 - 11:26:12 PST
"It's About To Get Very Bad", "FX swaps could end up as the orphaned asset class without an obvious backstop, and that may force banks in some parts of the world to the edge of the proverbial abyss."
She added that France and Britain had also chosen similar approaches, meaning that the three countries would not end up too far apart, the sources added.
The biggest dealers of U.S. government securities have been dropping their forecasts for Treasury yields over the next year, and for the most part, their targets for where the 10-year benchmark will go are landing below 2%.
The biggest dealers of U.S. government securities have been dropping their forecasts for Treasury yields over the next year, and for the most part, their targets for where the 10-year benchmark will go are landing below 2%.
Pessimism about a recession has evaporated after reaching a peak — just like it did before the financial crisis.
As the growth of deflationary elderly overwhelms inflationary working age growth...and into that entirely predictable situation, steps the Federal government, Federal Reserve,...
BlackRock Inc. is pouring cold water on equity bulls, saying this year’s double-digit returns will be tough to match in 2020 as central banks pause monetary easing.“In 2019, the impact of the shift in monetary policy overwhelmed the actual impact from geopolitics to cause outsized, extraordinary...
    Central Planners: Out of Room and Running out of Time
Dec 10, 2019 - 09:47:07 PST
There has never been a nation that engaged in massive debt monetization & did not eventually face hyperinflation, depression, & mass chaos.
In Gundlach's view, the 2020s will see "the crescendo" of many unattractive trends that have been talked about for years, but finally come home to roost.
The VIX, also known as Wall Street's "fear gauge," jumped 16% on Monday to 15.86, while the S&P 500 Index retreated just 0.3% and is still less than a percent away from its record high.
The U.SThe deficit is on track to surpass $1 trillion in the 2020 fiscal year, which began on October 1. CBO has called the deficit path "unsustainable" and warns that the increasing debt burden will push down economic growth and could worsen future financial crises.
    Fed Set to Cut Rates in Wednesday's Markets
Dec 10, 2019 - 07:12:14 PST
The Federal Reserve is widely expected to deliver a third straight interest-rate cut on Wednesday. Nearly 80% of the fund managers, economists and strategists surveyed by CNBC’s Steve Liesman expect a quarter point rate reduction this week.
The Federal Reserve’s efforts to calm the repo market after September’s troubles may prove too minimal to prevent a repetition at the end of December...
The move would be needed to bridge a funding gap as banks scramble for scarce reserves, according to analyst Zoltan Pozsar.
In ancient Babylon, a newly enthroned king would declare a jubilee, wiping out the population’s debts. In modern America, a faint echo of that idea...
The moves reflect a tougher business environment amid prolonged low interest rates as well as higher costs for labor and money-laundering prevention.