NEWS
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.
Subscribe
TOP NEWSThe Root Cause of the Riots - Mike Maloney
Today Mike Maloney recorded a video that he later decided to split into two parts. Viewers have been asking for the past few days for his opinion on the recent social unrest, so Mike added his thoughts as an introduction to his planned video for the day. After recording the video, he thought it would be best to split off the section on gold and silver ETFs into its own video. We hope you enjoy watching these two important videos.
1929 Vs Now: Are We Headed For The Greatest Depression? with Mike Maloney
“What’s coming will be the weirdest, most twisted thing you’ve ever seen, something that will be very hard to predict—so the more educated you are on history the better chance you’ll have at surviving it.”This sobering quote from Mike Maloney highlights why he devotes his new video to the Great Depression… because it can offer valuable insights into what could be ahead for us today.
READ MORE
Bill Dudley: "The Fed Is Basically Creating A Little Bit Of Moral Hazard"
"For the Federal Reserve to intervene and support those asset prices, is basically creating a little bit of moral hazard in the sense you’re encouraging people to take on more debt."
READ MORE
Guggenheim’s Minerd Says Fed Faces Day of Reckoning for Market Support
The Fe’s efforts to stabilize the economy may encourage companies to take on too much risk, inflating a corporate-bond bubble, according to Scott Minerd, chief investment officer at Guggenheim Investments.“It’s going to allow the excessive leverage -- which had already been
READ MORE
Will the Mighty Federal Reserve Retain Its Midas Touch?
“Nothing is so permanent as a temporary government programme,” according to Milton Friedman, the 20th century free-market economist. His views echo the deeper concerns of pension plans worldwide, with the US Federal Reserve now shifting into overdrive.The scale and speed of its latest over-reach has no parallel: monetising government debt and…
READ MORE
The Good, the Bad, and the Ugly Credit Crisis
June begins and we are now two months past the dark days of the Great Lockdown, when the Dow closed at 18,592 points on March 23. Despite having no duty to protect the stock market, investor’s prayers were answered when the Fed announced one of the greatest anticapitalist interventions the nation has ever seen.
READ MORE
The Post Covid Economy Will Be Very Different From the Pre Pandemic Bubble Economy
The majority of the Pre-Pandemic Bubble Economy was unsustainable:...
READ MORE
CMBS Delinquency Rate Spikes by Most on Record
This month-to-month spike of 481 basis points in the Trepp CMBS Delinquency Rate was the largest in Trepp’s data going back to 2009:
READ MORE
Too Fast, Too Furious As Fed Liquidity Slows: Lance Roberts
Too fast, too furious describes the April/May advance after the fastest 30% decline in history as a generation of investors front run the Fed and liquidity.
READ MORE
Goldman, JPMorgan, Deutsche Bank and Citigroup Turn Bearish on US Dollar, Say Dramatic Falls Likely
After the US dollar fell to its lowest in three months against its six major rivals, the Wall Street strategists, including Goldman, JPMorgan, Deutsche Bank and Citigroup, argued in recent days that the currency’s long rally could be finally over,...
READ MORE
St. Louis Fed Researchers Say Negative Interest Rates May Be Needed for Economic Recovery
It’s notable, if not a signal of future intention, that a publication from the St. Louis Fed argues in favor of negative interest rates.
READ MORE
The Mighty U.S. Dollar Is Having a Wobble
The mighty U.S. Dollar is having a wobble, falling to its lowest level on a trade-weighted basis since March. It’s a sign that the economic effects of the crisis are waning around the world. Perhaps it’s time for the U.S. to rein in the unlimited economic stimulus...
READ MORE
I Think the Covid19 Recession Is Over, Says Moody’s Economist Zandi
“The good news is I think the recession is over, the Covid-19 recession is over, barring another second wave, a major second wave, or real serious policy errors,” said Mark Zandi, chief economist at Moody’s Analytics
READ MORE
Cities’ Next Coronavirus Dilemma: Cut Essential Services or Take On More Debt: WSJ
Severe revenue shortfalls are prompting many cities around the U.S. to turn to measures that could jeopardize their future, such as borrowing money for operations or cutting police and fire protection.
READ MORE
Bank Regulations Can Be Tools of Oppression, Too
The brazen corruption at the Office of the Comptroller of the Currency has a real and devastating impact on downtrodden Americans.
READ MORE
Turned Tables: Refinance Rates Stay Up While Mortgage Rates Hit Record Lows
Major banks and lenders, interest rates for refinance loans are significantly higher than those for purchase.
READ MORE
Fed’s Massive ‘Main Street’ Business Rescue in Danger of Fizzling
Lawmakers, business groups and analysts are warning that the lending program may fail to deliver the rescue to corporate America that it promised.
READ MORE
Key Economic Indicators Are Weirdly Inverted. It’s a Warning Sign
The inversion came in the form of figures showing Americans’ collective income rising by double-digits, even as tens of millions of people lost jobs, incomes, and businesses. It’s a statistical oddity caused by Congress’ massive infusion of cash into the economy. .
READ MORE
Factory Orders Fall Sharply for Second Straight Month in April
Factory orders fell 13% in April, a slightly larger drop than the 11% decline in the prior month, the Commerce Department said Wednesday. Economists were...
READ MORE
Trump Administration to Ban Chinese Passenger Airlines From Flying to U.S.
The measure comes after China hasn't allowed U.S. passenger airlines to return to China.
READ MORE
ECB Set to Scale Up Stimulus as New Data Could Indicate a Need to Do More
The European Central Bank (ECB) is expected to increase their coronavirus crisis asset-purchase program at this week's meeting, amid fears of falling inflation and the steepest economic contraction since World War II for the euro zone.
READ MORE