The Federal Reserve has unleashed what’s frequently been called a bazooka in its efforts to calm markets. Its next step could be to go nuclear. Should conditions on Wall Street deteriorate significantly, the central bank could go where it’s never gone before: to passively intervene in the stock market for the first time ever, according to market analysts and economists. The Fed alread... read more

ADVERTISEMENT In this Tuesday, March 24, 2020 file photo, Gov. Andrew Cuomo speaks during a news conference against a backdrop of medical supplies at the Jacob Javits Center that will house a temporary hospital in response to the COVID-19 outbreak in New York. Cuomo, a Democrat, ripped the GOP-led Senate's version of the coronavirus package as "terrible" for New York and said, based on prel... read more

Federal Reserve Chairman Jerome Powell pledged Thursday that the central bank will keep using the tools it has to fight the economic slowdown brought on by the coronavirus crisis. In an interview with NBC’s “Today” show, the central bank chief said the recent initiatives the Fed has taken will help provide capital to businesses that need it and will be especially helpful once the virus i... read more

(Kitco News) Massive gold price revisions are hitting the market this week as analysts estimate the impact of the COVID-19 crisis, with one investment bank upping its Q3 and Q4 gold price forecasts to an impressive $2,500 an ounce. Citing unprecedented fiscal and monetary policy stimulus, B. Riley FBR analysts said on Tuesday that they expect gold to surge to $2,500 an ounce in Q3 and conti... read more

Now that helicopter money has finally arrived, and bizarrely has brought with it that blast-from-the-past idiocy that is the trillion-dollar coin - which does nothing more than remind the population that money, like any other consensus construct, is just an illusion and depends on "faith and credit" and an increasinlgy grotesque one at that reliant on such "in your face" gimmicks as minting pla... read more

LONDON (Reuters) - Gold’s relative value to copper has surged to its highest in more than a decade and its worth versus silver is the highest on record as the spread of coronavirus hammers metals with industrial applications. FILE PHOTO: Newly casted ingots of 99.99% pure gold are stored after weighing at the Krastsvetmet non-ferrous metals plant, one of the world's largest producers in... read more

Jobless claims rose to 281,000 last week, reflecting only the first indications of the impact the coronavirus will have on the U.S. employment picture. That number reflected a significant rise from last week’s 211,000, which was unrevised from the initial estimate, according to the Labor Department. It was the highest number since Sept. 2, 2017. The department said the numbers were “cl... read more

JPMorgan Chase will temporarily close about 20% of its branches and reduce staffing in the ones remaining in response to the coronavirus pandemic. “We are planning to temporarily close about 20% of our branches,” the bank told employees earlier Wednesday. “This will help us protect our employees as we provide essential services to our customers and the communities we serve.” JPMorg... read more

Treasury Secretary Steve Mnuchin will ask Congress for $850 billion to tackle the economic impact of the coronavirus pandemic, Politico reported Tuesday, sending Wall Street futures higher. The 'phase 3' stimulus would build upon the $8.3 billion earmarked for testing and near-term support earlier this month and the multi-billion dollar package passed by the House of Representatives late las... read more

On the heels of the Fed lowering interest rates to zero and promising to inject $700 billion of QE, and the world continues to edge closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the collapse of the global financial system is imminent. THE DEMISE OF THE FINANCIAL SYSTEM IS... read more