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Gold and silver market moving news, curated from the best of GoldSilver's team and around the web. Check back often for updates, or subscribe to get the highlights in your inbox.
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TOP NEWSCoronavirus Alert
"May you live in interesting times."It's a famous curse, supposedly of Chinese origin. And it seems nearly as apt today as when it first came to the attention of the Western mainstream in the 1930s.First quoted in print to a British politician, a much less famous Chamberlain named Austen, in 1936 the saying was quickly repeated again and again throughout the mid- to late-30s in media and speeches to sum up a tumultuous period which we all know now would capstone with WWII.
Warren Buffett Could Easily Take out All the Gold on the COMEX
"Jeff Clark was interviewed at the Vancouver Resource Investment Conference earlier this week, pointing out just how small the gold and especially silver markets are...
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Gold Prices Pop to Roughly 6 Year Peak on Market Unease
Gold prices on Monday jump to a roughly six-year high as fears of the economic impact of a fast-moving viral outbreak hurt appetite for stocks and powers buying in assets perceived as havens.
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Negative Debt Pile Surges by $1.2 Trillion in Dash for Havens
The global rush for safer assets has fueled a huge jump in the world’s stockpile of negative-yielding bonds, snapping months of decline in the value of subzero debt.The pool of securities with a yield below zero surged by $1.16 trillion last week, the largest weekly increase since at least...
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U.S. New Home Sales Fall to Five-Month Low, Missing Forecast
Sales of new U.S. homes cooled for a third month in December, signaling a potential pullback after purchases climbed to some of the best levels in more than a decade amid lower borrowing costs and a solid labor market.Single-family home sales fell 0.4% to a 694,000 annualized pace...
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Europe’s Banking Regulator Paves the Way for Bank Mergers: WSJ
The softer stance comes as the eurozone’s fragmented banking sector struggles to make money against a backdrop of low rates.
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Fed Repos Have Plowed $6.6 Trillion to Wall Street in Four Months
According to the data made available on the public website of the New York Fed, since September 17, 2019 it has funneled a cumulative total of $6.6 trillion to some of the 24 trading houses on Wall Street that are known as its “primary dealers.”
READ MOREAfter November Surge, Money Supply Growth Slows in December
The money supply growth rate rose in December slowed after a November surge of nearly six percent.
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J&J 'Pretty Confident' They Can Create Coronavirus Vaccine
Johnson & Johnson’s chief scientific officer said he believes the drugmaker can create a vaccine in the coming months to fight against the fast-spreading coronavirus.
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Nose Blind to Inflation: Mauldin
I think something like that may explain why the Federal Reserve doesn’t see the inflation others notice. Their data says inflation isn’t a problem, so they ignore indications otherwise.
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Why Guggenheim's Minerd Sees Silver as the Best Place to Put Your Money
Scott Minerd, Guggenheim Partners co-founder and Guggenheim Global chief investment officer, discusses his concerns about rallying asset prices. He talks with Bloomberg’s Tom Keene and Jonathan Ferro at the World Economic Forum’s annual meeting in Davos, Switzerland on "Bloomberg Surveillance."
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FOMC: All Eyes on Chair Powell’s Press Conference
“As for the FOMC on Wednesday, our US economists write in their preview that the FOMC should hold rates steady, and that “the current stance is likely to be unchanged barring a “material reassessment to the outlook.”
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US Treasury Yield Curves Back To Near Pre Financial Crisis Lows
2007 marked the last year before the financial crisis and Great Recession. Unfortunately, this is where we are in terms of the US Treasury yield curves (10Y-2Y and 10Y-3Mo). Commercial and Industri…
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Banks Head Into Darkest Phase of Nordic Negative Rate Cycle
If you want to know what long-term negative interest rates are doing to banks, watch Denmark in the coming months.Danes have lived with subzero rates...
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Abe’s First Pick in BOJ Shakeup to Test Inflation Resolve
“Someone who is in a hurry to exit easing is out of the question,” Honda said, adding that Abe had a clear understanding of this point.
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The ECB Should Ditch Its Inflation Target: FT
If it is true that Mario Draghi saved the eurozone, then it must also be true that the eurozone will depend on future presidents of the European Central Bank doing the right thing at the right time.
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Fed's first hurdle in 2020: Dispensing with 'QE Lite'
The Federal Reserve's bond portfolio is swelling again at a pace not seen since the "quantitative easing" heyday in the early 2010s. Prices for stocks and other risky assets are also rising at a fast clip - a state of affairs that a growing chorus of investors, economists and former Fed...
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Fed seen holding rates steadyuntil at least 2022
Most economists also expect central bank to stop buying Treasury bills by June, but by tapering the monthly purchases instead of stopping suddenly...
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Fed Officials Weigh New Recession Fighting Tool: WSJ
As part of their contingency planning for the next recession, the Fed is looking at a stimulus scheme the U.S. last used during and after World War II.
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Safe Havens Shine as Spreading Virus Spurs Rush to Buy Gold
Gold jumped as the spread of the coronavirus globally spurred demand for haven assets. Prices rose as much as 1.1% as risk-off sentiment swept markets, with equities and crude oil tumbling. In the latest attempt at containment, China extended the week-long Lunar New Year holiday and banned...
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Decline in German Business Outlook Shows Recovery Not Assured
German business expectations took a surprising turn for the worse at the start of the year, underscoring the challenges Europe’s largest economy faces in exiting a protracted slowdown.
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