It was an inevitability as of a month ago, but he finally did it. Senator Bernie Sanders (I-VT) is suspending his presidential campaign. It took him a long time to make the decision, but falling behind in the delegate and not polling well against former Vice President Joe Biden, he had to do it. Sanders […]
Archives for April 2020
COMEX DEFAULT? All is not well in the paper gold market
By: Clint Siegner London Bullion Market Association (LBMA) officials have loudly proclaimed there are plenty of gold bars in LBMA and COMEX vaults to meet surging demand from buyers. Unfortunately for them, confidence is particularly fragile these days and cracks are starting to appear. Which is why anxious officials there issued not one, but two memos last […]
3% of U.S. mortgages in forbearance, projected to surge to 30%
Will mortgage lenders close their doors in the coming months? If these numbers hold up and they do not receive a bailout, it is possible. According to a new study by the Mortgage Bankers Association (MBA), the percentage of U.S. homeowners who have stopped making mortgage payments under the federal government’s new forbearance program is […]
Say Goodbye, Dividend Investors? Firms in North America, Europe to scrap $56 billion in dividends
If you are a dividends investor in this market, you can say goodbye to your monthly or quarterly checks. Across North America and Europe, businesses are suspending their dividends payments to tighten their belts and ensure sufficient funding to see through the financial crisis. While no official numbers have been released, Bloomberg estimates that about […]
Will gold rally to $2,000 amid COVID-19 inflation, Fed’s dollar collapse?
Gold prices will settle at their best levels since January 2013 as demand, market uncertainty, and liquidity are driving the yellow metal on Monday. Interestingly enough, gold is joining the broader market rally. Nearly everything is up. To kick off the trading week, gold surged to just under $1,690. The yellow metal is poised to […]