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Gluskin Sheff's Rosenberg predicts the U.S. economy will disappoint Wall Street and lead to a market meltdown.
We are in a consolidation period for gold, and there is still a ways to go before the next move higher...
Government revisions show, suggesting that hiring was not as strong in the past year as it seemed. Hiring was weaker in retail, restaurants and hotels.
More than a decade after the financial crisis, home buyers with low credit scores or high debt levels as well as those lacking traditional employment are finding it easier to obtain credit.
Once asking $1 billion, The Mountain in Beverly Hills sold to its lender for $100,000–far less than the $200 million said to be outstanding on the property.
(Bloomberg) -- Wealthy buyers are pulling back from some of the most expensive housing markets in the U.S., the latest sign that sky-high prices and fears of a recession are weighing on a key sector of the economy.Toll Brothers Inc., the nation’s largest publicly traded luxury-home builder, said late
U.S. home sales rose more than expected in July, boosted by lower mortgage rates...
Last week, the yield curve inverted, with the yield on the 10-year Treasury falling below the yield on the 2-year for the first time in 12 years. This has historically been a good predictor of recessions. US stock markets sold off on the news, with the Dow shedding 800 points. As Peter Schiff noted in his most recent podcast, the mainstream also suddenly started talking about the possibility of an economic downturn.
As Peter put it, the media has flipped the narrative on Trump.
SD Midweek Update: Gold & silver have held their ground this week, but are we really in the clear? These two reasons say "no"...
The Fed has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday.
“The yellow metal has much more going for it and while more Fed easing will naturally be welcomed by gold bulls, record global negative yields and more easing on the horizon has left it in good shape,”
    Surge in Corporate Debt with Negative Yields Poses Risk
Aug 21, 2019 - 05:29:03 PDT
'unlike anything' investors have ever seen. Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.
Markets have been yo-yoing and analysts have been debating what it all means. Peter Schiff appeared on RT Boom Bust on Aug 19 to talk about what's going on in the global economy and more specifically in the gold market. Peter said now is an ideal time to get into gold.
Peter started out the interview asserting that all of these interest rates that we're seeing from central banks around the world aren't going to help the economic situation.
    Will the Tax Cut Plan Lead to a Historic Crash?
Aug 21, 2019 - 05:20:50 PDT
However, the plan could also overheat the financial market. In 1929, people borrowed and invested in equities.
The White House is considering a payroll-tax cut to boost the economy by giving Americans a few more dollars in their paychecks — but the proposal could also take money away from Social Security beneficiaries in the future.
It was supposed to be a historic auction - the world's first subzero 30Y yield. Instead, it was a flop.
    Eurozone Bond Bubble About to Pop?
Aug 21, 2019 - 05:02:43 PDT
“Markets are literally screaming at the German authorities to loosen the fiscal purse strings although to date this has fallen on deaf years,” s
GS predict Fed officials will cut interest rates at each of their next two meetings - in part because of a desire to keep bond markets calm.
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.
    Mortgage Demand Falls as Interest Rates Flatten
Aug 21, 2019 - 04:55:45 PDT
After a rush on refinances, homeowners took a breather last week, despite still seeing the lowest interest rates in about three years.