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This week we review the price movements of gold, silver, platinum, and palladium as news of even more money printing and stimulus packages continues. With another $3 trillion bill on the way and quarter 2 numbers just a few months away, how will the market crisis react to these unprecedented monetary actions & how can […]
[Reuters] Stocks drop for third day as recovery hopes falter [Reuters] Oil prices rise on dip in U.S. crude stockpiles, IEA data [CNBC] US weekly jobless claims rise 2.981 million, vs 2.7 million expected [AP] 36 million have sought US unemployment aid since virus hit [CNBC] Coronavirus live updates: Trump says US military will distribute […]
[Reuters] Stocks turn negative as Fed’s Powell warns of prolonged recession [Yahoo/Bloomberg] Oil Near Five-Week High as Saudi, Russia See Demand Recovering [CNBC] Powell says more policy help may be needed to pull the US out of economic downturn [Reuters] US producer prices tumble in April [CNBC] Coronavirus live updates: South Korea cases rise as […]
Accumulate gold for now & rehearse your exit strategy for later If you own equities, make sure you are “paid to wait” Dalio, Druckenmiller, & Mobius clamoring for gold The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “Print Without Limit,” Equals No Price Ceiling For Gold? May 13, 2020 If you understand a […]
[Reuters] Stocks rally falters as virus and trade nerves linger [Reuters] Dollar clings on to gains on fears of new COVID-19 cases, U.S.-Sino tensions [Reuters] Oil prices climb as Saudi Arabia pledges further production cut [CNBC] US consumer price index fell 0.8% in April, as expected [Reuters] China announces new tariff waivers for some U.S. […]
[Reuters] Stocks lower on fears of another wave of virus infections [Yahoo/Bloomberg] European Stocks Erase Earlier Gains as Oil Sinks Energy Shares [CNBC] China under pressure to write off loans as countries struggle to repay debt during coronavirus crisis [CNBC] Coronavirus live updates: Cheap, rapid tests expand US toolbox, Germany on watch as restrictions eased […]
[Reuters] Wall Street Week Ahead: U.S. data deluge to underscore divide between [CNBC] Coronavirus live updates: Trump administration set to have glut of ventilators in July [Reuters] China central bank to step up counter-cyclical adjustments, deepen lending rate reforms [Reuters] Brazil’s central bank to shower economy with money in case of depression: economy minister [Reuters] […]
[CNBC] Coronavirus live updates: New jobs emerge from the pandemic; Amazon and sellers struggle to adapt [Reuters] No ‘V’-shape return from devastating U.S. job loss, Fed policymakers say [Reuters] Explainer: Fed funds futures market sees negative rates by next April [AP] 10 takeaways from the worst jobs report in US history [Reuters] Russian troops to […]
