According to a study by the Consumer Finance Protection Bureau (CFPB), almost half of Americans do not have enough savings to maintain original spending levels past the first five years of their retirement.
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Summer doldrums? Not for precious metals markets! In early July, gold and silver each broke out to fresh multi-year highs. The yellow metal is within striking distance of new all-time highs and the headline-worthy figure of $2,000/oz.
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GOLD and SILVER bounced after overnight sell-off from multi-year highs against USD in London, rallying as commodity prices fell with global stock markets against backdrop of fading ‘V-shaped’ economic hopes
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Many retail businesses including grocery stores and fast food restaurants have been wrangling with a national coin shortage. Some say we need to pay in exact change or use alternative payment methods such as credit cards.
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Meet the Technologies that are Cleaning up the Gold Industry. Kevin Fell co-founder & Group CEO of Clean Earth Technologies discusses some of the ground-breaking solutions they are bringing to the mining world.
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GOLD PRICES tried but failed to match yesterday’s new 9-year US Dollar peak on Thursday while silver peeped above $19 per ounce for the first time since September as confirmed cases of Covid-19 in the United States rose above 3 million and Tokyo reported a record daily rise in new infections.
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Physical gold and silver are useful as investment and crisis insurance, but it takes a bit of explaining.
Some wonder how they go about actually realizing profits – it’s different than logging into a brokerage account and hitting the “sell” button…
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The fact the Fed is buying corporate bonds at all signals favoritism toward big existing players — indebted lumbering behemoths that can’t innovate. It’s not as if the Fed is going to take the largesse it creates from thin air and spread it around to a plucky but capital-starved startup, right?
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Gold Prices Erase Post-ISM Rally as US Jobs Data Beat Forecasts, Both for Gains and New Benefit Claims Bullion.Directory precious metals analysis 02 July, 2020 By Adrian Ash Head of […]
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Part of the 2010 Dodd-Frank Act, the “Volcker Rule” was intended to prevent big banks from taking irresponsible risks. But in spite of an already-uncertain economy, regulators are now proposing to ease these rules…
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In a volatile trading environment for equities, a big move in one direction tends to beget a big move in the other. We’ve already seen a big move lower earlier this year – and a subsequent move higher that was nearly equal in magnitude.
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The Federal Reserve has printed trillions of dollars without generating runaway price inflation through the use of a neat trick. It’s quite the racket…
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In another episode of “Strange 2020”, banks have become flush with deposits. But not in the way you might expect. In one month, deposits grew by $865 billion, which beat the record for an entire year
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GOLD PRICES rallied from $20 below yesterday’s new 8-year high near $1780 per ounce in US Dollar terms in Asian and London trade on Thursday, but edged higher against other major currencies as world stock markets extended Wednesday’s 2.6% drop in US equities.
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As if Social Security didn’t already have enough challenges ahead, we now have yet another complication. Not surprisingly, it’s a ripple effect from COVID-19. Before coronavirus hit the scene, experts agreed that if nothing was done, Social Security would be facing a 21% cut by 2035.
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The current phase of the gold bull market, which started last year, is – we believe – the third and final wave of the secular bull run tracking back to 2001. It’s going to create a tidal bore of immense size and power
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Gold prices have been trading within a well-defined $100 range over the past two months. Gold’s chart shows strong support at $1,675/oz and a zone of resistance at $1,750-$1,775. A breakout above the trading range could quickly send gold prices to $1,900/oz
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The national debt currently looks like a runaway freight train. Not only is it clocking in at $26.1 trillion at the moment, but it has made the jump of the last few trillion dollars fast… Really fast.
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Whereas previous financial crises were marked by a surge in bank failures, hardly any have gone under so far in 2020. The Federal Deposit Insurance Corporation (FDIC) reports that only 1% of FDIC-insured banks are on the “problem list” for financial weakness.
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Anyone who is planning to buy bullion and waiting for premiums to drop might want to grab the opportunity now in case prices soon zoom higher.
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GOLD PRICES dropped Monday in London as European stock markets and crude oil tumbled amid widening reports that a second wave of the deadly novel coronavirus pandemic is taking hold.
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GOLD and SILVER PRICES edged back from 1-week highs in London trade Thursday, but kept half of last night’s 1.7% and 3.4% spikes against a falling US Dollar after the Federal Reserve gave a dire forecast for the world No.1 economy’s recovery from the Coronavirus pandemic and shutdowns.
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We’re in the grip of a severe deflationary collapse, widely predicted ahead of time. This has been an ongoing development and has been picking-up speed since the major cycle turn of December 2015. Hard data actually points to the major cycle turns between 2002 and 2003 when data…
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GOLD PRICES recovered more of last week’s 2.6% plunge in Asian and London trade Tuesday, rallying to what was a new 7.5-year Dollar high in April at $1715 per ounce as industrial commodities fell back, longer-term interest rates fell, and world stock markets retreated after Wall Street’s S&P500 index of US corporations rose back to New Year 2020’s level
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The price of silver dropped to $12.02/oz on March 18th and gold bottomed at $1,473/oz. The bullion banks – notorious for their concentrated short positions – might have made a killing. But that isn’t what happened…
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GOLD PRICES sank to 4-week lows at $1681 per ounce in London trade Friday, losing over $45 for the week as major government bond prices also fell, pushing interest rates higher, following a shock jump in the US government’s employment estimate.
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Just when it seemed as though we were on a path to reopening and gradually returning to normalcy… just when the prospects of panic-induced social unrest seemed to be behind us… America’s cities erupted into flames.
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GOLD and SILVER prices slipped and rallied in London trade Wednesday after the two precious metals’ largest New York-listed ETF investment trusts expanded for a 5th session running.
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