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This week we cover gold and silver supply amid the current equities market crisis. As jobless claims soar what are the real economic impacts for precious metals investors during this volatile period? With more massive government stimulus on the way, we’ll explore the real consequences of these injections and how the U.S. Dollar index will […]
[Reuters] Stocks higher after Fed stimulus, jobless claims data [Reuters] Global stocks gain on hopes pandemic is nearing peak [Reuters] Oil prices rise on hopes OPEC+ will agree supply cuts [CNBC] Federal Reserve unveils details of $2.3 trillion in programs to help support the economy [CNBC] US weekly jobless claims total 6.6 million, vs 5 […]
[Reuters] Stocks edge higher as Trump suggests U.S. outbreak nearing peak [AP] Global shares mostly lower amid worries on pandemic toll [Reuters] Dollar creeps higher as virus worries return [Reuters] Oil prices jump on hopes for OPEC, Russia meeting on output cuts [CNBC] Coronavirus live updates: GM to produce 30,000 ventilators, US cases top 400,000 […]
The Fed is both the fireman and the arsonist What if the world doesn’t want the dollar to be the reserve currency? Federal express planes fill the skies that are otherwise empty The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Trillions Anew: If The Fed “Wins” This Battle We All Lose April […]
[Reuters] Stocks surge on early signs of coronavirus slowdown in hot spots [Reuters] Coronavirus hopes propel stocks, euro higher [Reuters] Oil gains as hopes rise for production cut amid coronavirus outbreak [CNBC] Coronavirus live updates: USNS Comfort crewmember tests positive, Spain sees an uptick in deaths [CNBC] UK Prime Minister Boris Johnson is ‘stable’ and […]
[Reuters] Stocks jump on virus hopes, oil hit by OPEC+ delay [MarketWatch] Gold rises, aims for highest close in nearly a month [Reuters] Oil edges down after Saudi Arabia, Russia delay meeting [Reuters] Trump open to big oil tariffs, but doesn’t expect to need them [AP] Japan’s PM to declare state of emergency as early […]
[CNBC] Coronavirus live updates: New York braces for worst week yet as cases continue to rise [AP] U.S. ‘wasted’ months before preparing for virus pandemic [AP] ‘Complete collapse of economies’ ahead as Africa faces virus [Yahoo/Bloomberg] Gold’s Supply Squeeze Should Ease as Swiss Refineries Reopen [Reuters] Brazil lawmakers pass ‘war budget’ as coronavirus cases top […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: The Oil Industry’s Version of Coronavirus While the above photo may seem like a bit of an exaggeration given the significant damage that COVID-19 has wrought on the economy, so much of the problem in the credit markets […]
