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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Loss of $600-a-Week Unemployment Boost Leaves Many Americans in a Precarious State
As Republicans and Democrats spar over the shape of the next stimulus package, Americans are reeling from the loss of the $600 federal unemployment benefit.
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Coronavirus Relief Talks Grind to a Near Halt, Dimming Chances of a Stimulus Deal
Democrats and the Trump administration have made little progress on a coronavirus relief bill as President Trump considers executive action.
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Supply & Demand For Money – The End of Inflation?
A current headline says “fears of currency debasement drive gold price higher”. Seems reasonable; and it is. Historically, governments have been “debasing” their currencies …
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Negative Rates in Bank of England ‘Toolbox’ as It Sees Longer Virus Recovery Ahead
The governor of the Bank of England has told Sky News that the idea of negative interest rates has been added to its "toolbox" of possible support measures for the UK economy during the coronavirus crisis.
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If the "Market" Never Goes Down, The System Is Doomed
The reliance on "good news" narratives dooms our financial system and economy to a death spiral once reality breaks through the induced euphoria.
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Russia/China "Depolarization": "Breakthrough Moment" Countries Ditch Greenback For Bilateral Trade
"Many expected that this would be a military alliance or a trading alliance, but now the alliance is moving more in the banking and financial direction, and that is what can guarantee independence for both countries."
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Inflation Is Coming, and Big Tech Won't Protect You
Good wealth management is all about diversification. If you’re unsure of Trump’s wartime strategies, add some of gold and China exposure to your portfolio.
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Investors Load Up on Cash, Gold in Flight From Stocks: BofA
Investors flocked to cash, gold and investment-grade bonds, BofA's fund flow statistics showed on Friday, as the United States awaited approval from Congress for further stimulus.
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‘Stars Are Aligned Against the Dollar,’ Top Currency Strategist Warns
Thin turned bearish on the currency in April when the Federal Reserve began flooding the market with dollars as part of its aggressive virus relief plan.
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Dollar Most Oversold in 40 Years, Says Morgan Stanley; Exits Short Position
The dollar is at its most oversold level in over 40 years, investment bank Morgan Stanley said on Friday, adding it had now shifted from its dollar-bearish stance and turned "tactically neutral" on the U.S. currency.
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"Big" Payroll Number Smashes Expectations As 1.76 Million Jobs Added
It may come as a surprise to some, but when Trump said to expect another "big number" from today's jobs report, he was spot on.
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32% of Americans Had Outstanding Housing Payments at the Beginning of August
The finances of many Americans have deteriorated over the past few months as state reopenings have faltered and the unemployment rate remains sky-high.
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These 9 States Are Suffering From the Worst Unemployment Rates
Nevada is currently suffering the worst insured unemployment rate in the U.S., according to the Department of Labor.
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Borrowers Are Still Having Their Paychecks Seized Over Defaulted Student Loans
The CARES Act was supposed to halt wage garnishment for defaulted student-loan borrowers, but a lawsuit says it's still happening.
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End of QE, Week 8: Fed’s Assets Fall by -$4 Billion for the Week, Down -$224 Billion Since June 10
The Fed is funding consumption circuitously via Treasuries and government stimulus spending, shifting impact from asset prices to consumer prices.
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Oaktree's Marks Says U.S. Could Be in Depression Without Fed
Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, warns the Federal Reserve and U.S. Treasury can't keep stimulating the economy forever.
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Fed’s Kaplan: Comfortable With Letting Inflation Run Moderately Above Target for Some Time
With yields low, I'm conscious of the Fed actions that could distort market pricing but I would prefer not to go down the path of YCC.
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Fed’s Mester Asks Congress for Recovery Help, Says ‘Downside Risks’ to the Economy Are on the Rise
Mester called Wednesday for more help from Congress and said the central bank stands at the ready to provide whatever resources it can to help an economy at risk from rising coronavirus cases.
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Fed Policy Could Leave Retirees Broke After Crisis
During the shambolic negotiations between Congress and the White House, one of US president Donald Trump’s proposals was to suspend the payroll tax funding social security for several months, ie long enough to buy some popularity before the elections. That was rejected by the Democrats for not covering the unemployed…
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Stimulus Talks on the Brink of Collapse as Two Sides Trade Blame and Get No Closer to a Deal
Both sides emerged from the meeting trading blame for the sputtering talks -- and the administration officials warned that President Donald Trump would take executive action if no deal is reached by Friday.
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