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Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.
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TOP NEWSPullback...Now What? The GoldSilver.com Show - Mike Maloney
New video on the pullback from Mike Maloney: As Mike had mentioned in recent updates, he was hoping that gold and silver would go through a correction. That sure happened today, so what does it mean? Is this it? Will we go lower? Just what is going on? Join Mike for his take on this historic day in the metals markets.
Gold & Silver - Where To Next?
Join Mike Maloney as he explores the triggers that could lead to astronomical action in the gold and silver markets, and how learning what is going on right now is the the key to protecting your financial future. Thanks for watching.
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Gold Futures Drop Over 4% for Biggest 1-Day Percentage Loss Since Mid-March
Gold futures fell Tuesday by more than 4% to post their largest one-day percentage loss in nearly five months as investors focused attention on a rally in U.S. Treasury yields and a climb in the S&P 500 SPX, -0.94% toward its all-time closing high.
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Corporate Bond & Junk Bond Markets Driven into Foaming-at-the-Mouth Exuberance by The Fed Jawboning
The Fed disclosed yesterday afternoon the amounts and names of the corporate bonds and corporate bond-ETFs that it bought in July. The Fed started buying corporate bonds for the first time ever in June, after having started buying bond-ETFs in May.
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Banks Braced as Pandemic Poses Biggest Test Since Financial Crisis
Provisions for loan losses are at the highest in a decade as lenders prepare for large-scale company bankruptcies...
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China Increases Military Drills as Tensions With US Heat Up
China is stepping up military drills around East Asia as a war of words with the United States heats up over Washington's military activities and the visit of a US cabinet secretary to Taiwan.
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Chinese Military Told Not to Fire First Shot in Stand-Off With US
Sources say that troops have been given orders not to escalate situation as both sides step up their activities in the disputed waters.
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Americans, Who Have Lost $100 Million to Fraud Related to Covid-19, Continue to Be a Target
Americans should avoid solicitations to pay for access to financial relief like stimulus checks, job opportunities and mortgage help, the Federal Trade Commission warned.
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California’s Immense Pension Dilemma
California’s public pension system faces a huge unfunded debt but dealing with it involves increasing risk.
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Paying Off Unfunded Pension Liabilities Will Be a Low Priority After Covid-19
In the last four months, states and localities have furloughed or laid off 1.5 million workers — double the number during the entire Great Recession.
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Out of Work & With Families to Feed, Some Americans Are Lining Up at Food Banks for the First Time
Food assistance programs across the country are preparing for another spike in need with federal unemployment benefits ending.
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Fed’s Barkin: U.S. Still in Economic Downturn of Historic Proportions
Fed's Barkin: US downturn continuing of 'historic proportions', unemployment still comparable to depths of Great Depression. Global employment numbers down just as much. US goods sales have returned to yr-ago level. Virus uptick flattened momentum...
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Mortgage Mayhem Begins: Overall Delinquency Rates Soar As Housing Crisis Lurks
"U.S. serious delinquency rate to quadruple by the end of 2021, pushing 3 million homeowners into serious delinquency."
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U.S. Bankruptcies on Track for 10-Year High With More Than 100 Consumer Companies Already Filing
U.S. bankruptcies are en route to a 10-year high with 424 companies filing as of August 9, according to S&P Global Market Intelligence. The group's analysis...
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Companies Are Talking About Turning ‘Furloughs’ Into Permanent Layoffs
These permanent cost cutting initiatives are only going to widen the disconnect between Wall Street and Main Street
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Gold and Silver Are Bubbling... And the Fed is in MAJOR Trouble
We believe inflation will continue to spiral out of control in the coming months. And gold will hit levels unimaginable to most people.
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CBO: Deficit Hit Record $2.8 Trillion in 10 Months
The deficit climbed to a record $2.8 trillion during the first 10 months of fiscal 2020, roughly doubling the biggest annual deficit, according to figures released Monday by the nonpartisan Congressional Budget Office (CBO).
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The Transformation of the Fed
The Federal Reserve is undergoing an overhaul. Conceived to keep inflation in check and oversee the country's money supply, the central bank is now essentially directing the economy and moving away from worries about rising prices.
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Does $20 Trillion Buy Much Inflation?
It seems to take a lot of money to generate even a little bit of inflation. Around $20 trillion worth of global stimulus measures have been unveiled so far this year on Bank of America’s calculations. That’s more than a fifth of last year’s world economic output. Yet investors are not exactly quaking.
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Singapore Sees Slow Recovery as Economy Plunges by Record
Singapore’s economy suffered a bigger contraction in the second quarter than previously estimated, signaling a long recovery ahead for the trade-reliant nation.
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The Disastrous Stealth Federalization of the EU – Reaction
When the European Union was created in the mid-1990s it had bold aims: to unify Europe (erasing the risk of … Continue reading "The disastrous stealth federalisation of the EU"
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