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.
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Passive Investors Will Go Broke!: Miller on the Money
Remember the saying, “Everything comes to those who wait?” Investment gurus lectured us about patience and compounding.
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Deutsche Bank Precious Metal Spoofer Tells Jury His Bosses Showed Him How
Former Deutsche Bank AG analyst David Liew told a Chicago jury he learned how to manipulate gold and silver prices from the two successful senior traders he admired and worked with for about three years.
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China Trims US Treasury Bonds, Continuing a Downward Spiral Amid Growing Risks of Greenback Assets
"As the yields of US Treasury bonds continue to drop, it's more appropriate for China to reduce holdings of the greenback asset," Tian Yun, vice director of the Beijing Economic Operation Association, told the Global Times on Thursday.
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Trump Agrees With Powell: "Much Higher" Fiscal Stimulus Is Needed And Why That Could Crash Stocks
"Go for the much higher numbers, Republicans, it all comes back to the USA anyway (one way or another!)."
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Banks Get More Capital Relief as ECB Wants Stimulus to Work
The European Central Bank offered lenders a fourth round of regulatory relief to help massive stimulus efforts feed through to a virus-stricken economy.Banks will be temporarily allowed to tweak the math behind a financial strength metric known as the leverage ratio to their benefit by...
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BOJ Backs New Premier’s Focus on Jobs, Signals Readiness to Ease More
The Bank of Japan will monitor not just inflation trends but job growth in guiding policy, its governor Haruhiko Kuroda said, signalling the BOJ's readiness to ramp up stimulus if job losses from the coronavirus crisis heighten the risk of deflation.
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Despite Record Builder Sentiment, Housing Starts Collapse Led By Rental Unit Crash
While single-family home starts rose, the rental unit starts crashed in August...
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860,000 Americans Filed For First Time Jobless Benefits Last Week
And this is 7 months after the lockdowns began!
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Bank of England Warns of ‘Unusually Uncertain’ Outlook, Reveals Negative Rates Under Consideration
The Bank of England on Thursday left interest rates unchanged and maintained its current level of asset purchases.
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The U.S. Is Still a Dominant Power but It’s Not Clear If It Remains the Global Leader
Four experts debated about whether a leaderless and divided world will be the new norm at this year's Singapore Summit, which was held virtually.
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US Plan to Sell Taiwan $7 Billion Worth of Arms Amid Concerns on China’s Growing Military Presence
Taiwan will reportedly receive billions of dollars worth of weapons from the US government. Taipei is worried about China's growing military presence.
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Fed Defends ‘Pedal to the Metal’ Policy and Is Not Fearful of Asset Bubbles Ahead
One key investor takeaway from Federal Reserve Chair Jerome Powell's press conference on Wednesday: This central bank is not going to break a sweat fretting about future asset bubbles.
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Dow Futures Fall 300 Points, Tech and Airline Stocks Are Lower
U.S. stock futures were lower early Thursday as traders digested the Federal Reserve's pledge to keep rates low over the next few years.
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Gold Slips as Fed Offers No Pointers on Further Stimulus
Gold slipped as much as 1% on Thursday after the U.S. Federal Reserve disappointed expectations for further stimulus to spur inflation and support the economy, battered by the coronavirus crisis.
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Is the Fed Just Seeing Shadows Or Should We Really Be Worried?: WSJ
The economy is in better shape than the Federal Reserve thought it would be. Its policy makers aren’t celebrating.
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Coronavirus Live Updates: Targeted Lockdowns Return to Europe
The coronavirus has infected more than 29.89 million people globally as of Thursday, killing at least 941,345 so far.
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Gold Future Prices Log a Third Straight Gain, Then Extend Gains After Fed Policy Statement
Gold futures climb on Wednesday for a third straight session, then move even higher after the Federal Reserve said it intends to keep key interest rates near...
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Fmr. Fed Vice Chair Fischer: Not Sure if US Public Rebels Against Negative Rates but May Happen
Former Federal Reserve Stanley Fischer joins 'Closing Bell' to discuss the Fed's decision to leave rates unchanged after its two-day policy meeting.
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Trump Suggests He Could Back a Bigger Coronavirus Stimulus Deal
Trump pushed Republicans to embrace more coronavirus stimulus, and Meadows said he was optimistic about relief after the release of a new proposal.
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The Saving Problem in America, Alternatives and Reforms: Mises
One alternative that once was a traditional investment is precious metals. Today, it is an alternative investment to cash, because to the extent that their value moves in the opposite direction to the US dollar you can hedge against your risk of a falling dollar.
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