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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G7 Finance Ministers Called for Full Implementation of G20 Debt Freeze: U.S. Treasury
Group of Seven finance ministers on Monday called for full implementation of a G20 freeze in debt service payments by all official bilateral creditors and adherence to debt data transparency standards, a U.S. Treasury spokesperson said in a statement.
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Fundamentally Unsound: Hussman
If you look carefully at some of the largest “errors” in the chart above – 1988 and 2008 – you’ll notice that they tend to occur in 12-year periods where the end of the period was a hypervalued market extreme such as 2000 and 2020.
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Silver to Become the New Gold: Credit Suisse
Strategists at Credit Suisse have noted a great silver performance lately and expect the white metal to look for the $26.22 resistance on a break above...
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Miserable Economic Outlook Could Yield Record Gold Prices: WSJ
The tumbling real yield on U.S. government bonds has helped drive gold prices higher—and there is little reason to expect yields to rebound in the near future.
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Gold Holds Firm Above $1,800 Per Ounce on Virus Fears, Weaker Dollar
Gold prices rose on Monday, holding ground above the key $1,800/oz level, as a weaker dollar and worries over surging COVID-19 cases around the globe kept the safe-haven metal underpinned.
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The Fed Is Trapped In QE As Interest Rates Can't Rise Ever Again: Lance Roberts
After the most expansive monetary program in history, the Fed is trapped in a position where they can never stop QE as interest rates can't rise ever again.
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Fed Adds Apple, Anheuser-Busch, Expedia to Its Bond Holdings
The U.S. Federal Reserve added $1.33 billion in bonds of individual companies from June 22 to June 30, including iPhone maker Apple Inc, beer-producer Anheuser-Busch and travel booker Expedia Group.
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FANG Stocks Soar to New High. Rest of Stock Market is a Dud, Has Been for Years
The market has come to totally depend on the “Giant 5.” A scary out-of-whack weight on the way down.
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Major Tax Increases Are About To Slam America As Cities & States Want You To Pay For COVID Fallout
...even though you didn’t create the fraud in the financial system, and were forced to close down your business, you will now be used as tax cattle to pay for this giant fustercluck.
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Where Have All the Coins Gone?
"We should acknowledge the weaknesses of our current system and make improvements if possible. At a minimum, that means scrapping the penny. More fundamental reforms, like permitting competition in coinage, would be better still." ~ William J. Luther
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This City Is Giving Residents $500 Per Month. Some Hope It Can Become a National Plan
One bill proposed by Sens. Kamala Harris, D-Calif.; Bernie Sanders, I-Vt.; and Ed Markey, D-Mass.; would send as much as $10,000 per month to American families for the duration of the pandemic.
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Earnings for the S&P 500 Are Expected to Decline by 44%, the Worst Drop Since 2008
The worst earnings season in years is about to begin, and stocks could shrug off sharp profit declines, if companies see signs of recovery.
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Dow Futures Rise More Than 200 Points as Pfizer, BioNTech Vaccines Get ‘Fast Track’ Status
The S&P 500 is coming off two consecutive weeks of gains, while the resilience in tech shares pushed the Nasdaq to a new record last week.
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Here Are Five Charts Illustrating U.S. Economic Trends Amid the Coronavirus Pandemic
These five charts illustrate trends in important industries that help track reopening progress in the U.S.
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The Next Stimulus Bill Should Focus on Dealing With Covid
If we are going to borrow hundreds of billions of dollars, let's do it to treat the cause of our economic illness, not just the symptoms, writes Mick Mulvaney.
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IMF Slashes Growth Forecasts in the Middle East Again Amid an ‘Unusually High Level of Uncertainty’
It now expects MENA economies to contract 5.7% in 2020. In April, it predicted that the region would shrink 3.3% for the year.
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Coronavirus Live Updates: CNBC
Cases continued to hit record levels across the U.S. over the weekend as a number of hot-spot states continue to see Covid-19 deaths gradually rise, according to data compiled by Johns Hopkins University.
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A Serious Message From Chris Martenson | Peak Prosperity
Like a windstorm toppling a hollowed-out tree, SARS-CoV-2 didn't cause the current recession so much as it exposed how rotten things already were.
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The Silver Pressure Cooker
The silver market appears ready to blow its top, much like a pressure cooker whose relief valve stopped functioning even as the heat and pressure continued to build.
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Gold Headed Into Historic Test at 2011 High
The gold futures contract is now trading just 100 points below the 2011 all-time high at $1,900.
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