NEWS
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 NEWS Getting Nervous About the Stock Market? Here’s Your Antidote
If you didn’t catch it, gold has passed the S&P 500 in year-to-date performance. Through August 12, gold is up 18.1%, while the S&P has risen 13.8%. Silver is nipping its heels, now up 10.2% YTD. But what is perhaps more significant is the one-year performance. It just might show that Wall Street is bailing on unicorns and blue-chip stocks and shifting into gold and silver... Over the past 12 months, the gold price has risen 24.4%, beating all major stock market indices, along with some popular stocks.
Insider Alert - Mike Maloney's Action Plan For the Coming Weeks
Mike Maloney recorded this Action Alert for Insiders late on Tuesday, it contains his own action plan for the coming weeks as the precious metals wake from their slumber. You’ll also learn more about the two largest crypto positions that Mike holds, and his trading technique that has allowed him to turn his excess profits in the highly speculative digital assets into more of the safest, most secure asset in the world - precious metals.
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Gold Traders’ Report - August 16, 2019
Gold softened last night, retreating in a range of $1506 - $1528. It briefly broke support at $1510 (up trendline from 8/1 $1401 low, double top – 8/7 and 8/8 highs), but once again, decent dip buying took the market back to the $1510 level.
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WALL STREET ON THE RUN: $3000-$5000 Gold Incoming! Silver Undervalued
Jeff Clark joins us in this exciting update, as Gold powers higher we gain fresh insights on how high Gold could go, we also look at Silver and its unseen potential which percentage wise, could surpass Gold itself!
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Here’s Why Silver Could Still Outshine Gold This Year
Silver bulls will suggest that the time is ripe for silver to play catch-up with gold because this price ratio is now too high...
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Goldcorp Founder Holds Firm on His Call for $5,000 Gold
Rob McEwen, CEO of McEwen Mining and founder of Goldcorp, talks about his long-term call for $5,000 gold.
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Americans Are More in Debt Than Ever
The average American has $38,000 in debt — a quarter of which comes directly from credit card charges. In December 2018, consumer debt overall hit a record high $4 trillion.
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Central Banks Haven’t Shifted Direction This Abruptly in a Decade
The shift in central bank monetary policy direction during the last six months hasn’t been this dramatic in a decade.
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Wall Street Boosted by Stimulus Hopes
Traders are betting on a one-in-five chance of a 50 basis point interest rate cut from the Federal Reserve.
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Trump Called CEOs of the Biggest Us Banks as the Stock Market Plunged
The president asked the three men to give him a read on the health of the U.S. consumer, according to one of the people.
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Trump's Tax Cut Isn't Giving the Us Economy the Boost It Needs
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John Harwood.
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Powell Issues Gag Order To Fed Presidents: Report
Powell has banned any public appearances by any Fed Board member, noting that "appearances at conferences have been canceled, all scheduled interviews have been abandoned and any comments on or off the record are outlawed."
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Plunge in 30-Year Treasury Bonds Spells the End of America's Golden Age
On Friday, the yield on a 30-year Treasury bond briefly dropped below 2% for the second time in history. The first was on Thursday.
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Germany Ready for Deficit Spending if Recession Hits
Germany Chancellor Angela Merkel and Finance Minister Olaf Scholz are ready to run a budget deficit if its economy goes into recession.
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Consumer Confidence Crashes
The main takeaway for consumers from the first cut in interest rates in a decade was to increase apprehensions about a possible recession.
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Despite Record Low Rates, Housing Starts Plunge Amid Rental Unit Crash
Despite the hype of tumbling interest rates and rising mortgage applications, housing starts tumbled again in May, dropping a whopping 4.0% MoM in July to 1.191MM, the biggest drop and the lowest print since February.
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European Central Bank Breach: ECB Confirms Hack And Shuts Down Website
The European Central Bank (ECB) has confirmed that it has suffered a breach that involved attackers injecting malware and led to a potential loss of data.
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Hong Kong on Brink of Recession
Hong Kong is on the verge of its first recession in a decade as increasingly violent anti-government protests scare off tourists and bite into retail sales in one of the world’s most popular shopping destinations.
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In Brave New World, U.K. Markets Don't See Any BOE Hike, Forever
Higher interest rates in the U.K. are very much out of sight for the markets. Not just for the next few months or few years -- but possibly forever.
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U.S. Treasury About to Flood the Market With Debt for $1 Trillion Deficit
Liquidity in short term borrowing markets may become a problem as the U.S. Treasury ramps up its borrowing later this year to fund a soaring government...
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The Battle of the 'Flations has Begun - Luongo
The central banks have run out of room to battle deflation. QE, ZIRP, NIRP, OMT, …
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