Precious metals are apparently waking up. And here is where you can find the best deals.
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David remains convinced that we remain in a bull market for precious metals that began back in 2015. Gold remains well above its breakout level of $1350, but silver is struggling below $17. In addition, there is further resistance to overcome between $19 and $21.
Dec 4, 2019 - 11:19:59 PST
The Fed first tried to justify the loans by saying they were a short-term measure to stem a liquidity crisis. But the so-called “liquidity crisis” has not prevented the stock market from setting new highs since the loan operations began on September 17.
Dec 4, 2019 - 11:16:35 PST
Since September 17, the Federal Reserve has allowed its New York Fed branch to funnel approximately $3 trillion to unnamed trading houses on Wall Street, much of it at interest rates of less than 2 percent...
The crisis in Europe will come from Germany. Germany has entered a period of political crisis that, as yet, has not exploded. But the pyre is built, the torches lit and all that remains is dragging Chancellor Angela Merkel up and setting the whole thing on fire.
A century ago, Argentina was one of the 10 richest countries in the world. Since then, however, a long series of economic crises have made it the only nation in modern history to regress to developing country status.
The U.S. dollar has extended its dominance in Venezuela as locals increasingly turn to the greenback for even the smallest of purchases. Physical dollars now account for more than half of all retail transactions as the amount in circulation has increased to as high as $2.7 billion...
'A Giant House of Cards': Today, outstanding high-yield bonds in the U.S. total $1.5 trillion, up from $700 billion in 2007.
President Trump blamed his handpicked Federal Reserve chief for a deepening U.S. manufacturing slowdown, his latest attempt to scapegoat the central bank for the economy.
Prices will fall in a quarter of the 100 largest metropolitan markets, including Chicago, Dallas, Las Vegas, Miami and San Francisco.
While the U.S. usually runs a deficit in goods, it actually runs a surplus in services. Yet that surplus is shrinking. Exports of services barely rose in the first nine months of 2019, while imports rose 5.5%, the Commerce Department said.
Royal Bank of Canada’s record-breaking profit engine may be running out of steam...
As silver continues to struggle to regain its mojo after peaking in September, blind optimism, on the basis of strong fundamentals, is faced with...
Poised to break last year’s record amid tepid growth...
"...merely indicative of annualised GDP growth in the region of 1.5%"
"Stock prices have reached what looks like a permanently high plateau. – Professor Irving Fisher, October 15, 1929
In this week’s episode of Hidden Forces, Demetri Kofinas speaks with Steve Keen, one of the few economists to correctly anticipate the Global Financial Crisis of 2008, as well as the subsequent deflationary forces that would frustrate and confound policymakers in the years afterward.
Nearly 36.4 million Americans in the "greatest economy ever" are on food stamps. At least half of all Americans have low-wage jobs, barely enough to cover living expenses, nevertheless, service their credit cards with record-high interest rates.
Egon says don't follow the road to ruin. Here's why...
U.S. workers are employed in low-wage jobs that pay median annual wages of $18,000.
The chief of a top Los Angeles homeless agency announced his resignation on Monday...