Bg Silver Sprott | James Alexander Michie

It is no secret to anyone that the silver market is in the midst of several changing trends as the COVID-19 pandemic turns the global economy around. And is that when the dust stabilizes, we see a bullish case for silver prices, since investment demand increases while supply restrictions persist. […]

Bank of America’s bullish call on bullion Bank of America Corp. raised its 18-month gold-price target to US$3,000 an ounce — more than 50 per cent above the existing price record — in a report titled “The Fed can’t print gold.” The bank increased its target from US$2,000 previously, as policy makers across the globe […]

Parliament Canada Financial Post | James Alexander Michie

Countries with highly leveraged households, corporations and public sectors will face financial instability as credit spreads widen and currencies devalue The pandemic-induced recession is busting public budgets throughout the world, both to fight the virus and to satisfy unprecedented demands for fiscal and liquidity measures. According to the latest IMF […]

Venture capitalist Chamath Palihapitiya made waves when he said during a CNBC interview that the government should not bail out companies impacted by the coronavirus shutdowns. “On Main Street today, people are getting wiped out. Right now, rich CEOs are not, boards that have horrible governance are not,” he said. […]

Oil SchiffGold | James Alexander Michie

The price of oil turned negative on Monday for the first time in history. Of course, that doesn’t mean that somebody will soon pay you to put gas in your car. We’re talking about the price of oil futures contracts. Nevertheless, it does indicate just how out of whack the […]