gold price update

  1. Economic Records Smashed as Monetary and Fiscal Policies Soar

    Economic Records Smashed as Monetary and Fiscal Policies Soar

    Over the course of the last week, there have been several economic data releases and market events that have all been historic in nature.

    For example, on Friday, we learned that over 20,000,000 people lost their jobs in the month of April alone. Also, last Friday, the market's Implied Fed Funds Rate went negative for the first time, ever. The record-breaking didn't stop on Friday, however. For example, just yesterday, Tuesday, May 12th, core CPI crashed by the most ever, and we also learned the US Federal government racked-up the largest one-month deficit in April, coming in at nearly $750 billion, which means three-fourths of a trillion dollars was added to the US National Debt, in just one month!

    Read more »
  2. Money Printer Go BRRR {Then vs Now}

    The Fed has already made unprecedented moves to bolster liquidity both amid this viral pandemic and also leading into it, for many months before it was reported in Wuhan, China.

    Read more »
  3. Scotiabank Precious Metals Desk Shutdown is Big Gold Price News

    One of the world's largest commercial bank gold traders, Scotiabank (whose parent company is the Bank of Nova Scotia) has announced its intention to exit the global precious metals industry and gold trading markets...

    Read more »
  4. Markets Get First Real Look At Economy With GDP This Morning

    Markets Get First Real Look At Economy With GDP This Morning

    Today is a big day for the markets, and it just kicked off with the release of the first quarter GDP.

    Suffice to say that everybody was expecting a contraction in the first quarter, and according to the US Beurau of Economic Analysis, GDP came in at -4.8%...

    Read more »
  5. Crude Oil Crashes To Negative Pricing - Market Overwhelmed

    Crude Oil Crashes To Negative Pricing - Market Overwhelmed

    Gold & silver continue to maintain while turmoil appears to be coming back into the markets... The price of crude oil has crashed.

    Earlier this week, the price for many different types of crude oil turned deeply negative. This headline from a popular financial news website captures the mayhem in the markets...

    Read more »
  6. Disconnection Everywhere - Gold Silver Market Update

    In further physical bullion shortage coupled with continued high gold bullion and silver bullion demand news, another viral US Mint shutdown was reported early this week.

    Read more »
  7. Gold Makes New Multi-Year Highs As Debate To Re-Open Heats Up

    Gold Makes New Multi-Year Highs As Debate To Re-Open Heats Up

    Gold's broken-out over the last week, silver's had some interesting volatility, platinum put in a massive 1-day move the the upside, and more...

    The precious metals are on the move! Some of the highlights include: Gold reaching fresh multi-year highs. Silver moving from the $14s just last week to battling $16 this week. Platinum surging nearly $90 in one single day.

    Read more »
  8. A Trillion For You, And A Trillion For You Too

    The Illness has exposed our financial fragility...

    Read more »
  9. Wild Volatility Continues As Billions Get Thrown At Markets & Economy

    Wild Volatility Continues As Billions Get Thrown At Markets & Economy

    Silver enters a bear market in one single day, and the stock market gets locked limit-down...

    Read more »
  10. The Federal Reserve Continues to Claim US Economy is Strong

    The US central bank, the private Federal Reserve, continues to claim that the US economy is strong. But yet this past week it initiated monetary policy as extreme, as last seen during the worst financial crisis since the Great Depression.

    Early morning Tuesday of this past week, the Federal Reserve sprung a 50 basis point cut supposed surprise on financial markets, only to have the debt market respond by further front running the Fed’s likely additional interest rate cuts likely back to zero upcoming.

    Read more »
Posts loader