Sprott Money News
seems like there isn’t a day that goes by without more stimulus from either the
Fed or the government. The Fed’s balance sheet is spiking higher to new record
levels, with no signs of stopping any time soon.
Gold and silver bullion have once again resumed their now inevitable trend higher, spiking throughout today's trading session as country after country unleashes wave after wave of fiat money creation.
U.S. stock index futures rose on Thursday, along with yields on Treasury securities after data showed jobless claims surged another 6.6 million last week and the Federal Reserve rolled out a broad $2.3 trillion effort to bolster local governments and small and mid-sized businesses.Read More
Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices.
Just like two weeks ago, premiums are expanding again between the spot price for gold and the front month futures price. It was generally accepted two weeks ago that this was a signal of physical tightness that was soon to be resolved, because the gold was simply "in the wrong place". By this logic, it must still be.Read More
Imagine waking up one morning with a deadly tiger snake in your bed. To make matters worse out of the window you notice an approaching bushfire.
After the worst quarter for oil prices in history, some oil producers have begun to include protection in their contracts to avoid being forced to pay buyers for the oil they pump if prices slide below $0 a barrel.
U.S. gasoline consumption fell to its slowest rate for more than a quarter of a century last week as epidemic controls brought much of the economy and transportation system to a sudden stop.
Asian equities fell for a second session on Thursday, after a dire warning about the U.S. coronavirus death toll had investors looking to the safety of dollars and bonds and bracing for more bad news from U.S. jobless figures.
The late Robert Mugabe has unexpectedly emerged as the intellectual powerhouse behind American economic thinking.
Trump’s Monetary Policy Mentor: America turns to Zimbabwe for guidanceRead More
Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002.
With mines, mints, and refineries closed around the
world due to coronavirus, the demand for physical gold has blown through the
Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other countries across the globe all but shut down.
Wall Street has finally found its footing, after the Federal Reserve gave the green light to investors, indicating that endless amounts of quantitative easing was about to be unleashed upon the markets, using whatever tools they have available to them to achieve their goal of "supporting the economy".Read More