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  • What’s Going On In The Silver Market?

    ZeroHedge - Apr 24th 2020 11:40am EDT

    What’s Going On In The Silver Market? Via SchiffGold.com, Gold has been in the spotlight in recent months with the economic chaos caused by the coronavirus pandemic and governments’ response. Peter Schiff called gold a “no-brainer” investment. But silver is worth paying attention to as well. The Silver Institute has released its World Silver Survey 2020 report featuring a detailed […]

  • Goldman Sees Global Oil Storage Full In 3-4 Weeks; Expects Another Oil Price Crash

    ZeroHedge - Apr 24th 2020 11:25am EDT

    Goldman Sees Global Oil Storage Full In 3-4 Weeks; Expects Another Oil Price Crash While it may be tempting to argue that the worst is behind us for oil price given the historic collapse in WTI which crashed to negative $40 on Monday as holders of May WTI futures panicked to sell their holdings at […]

  • Trump Slams “Garbage Network” CNN As AT&T CEO Randall Stephenson “Forced Out”

    ZeroHedge - Apr 24th 2020 11:10am EDT

    Trump Slams “Garbage Network” CNN As AT&T CEO Randall Stephenson “Forced Out” The DoJ may have failed in its efforts to block the “vertical” merger of AT&T and CNN-owner Time Warner, although the delays caused by the the federal lawsuit certainly hurt the company. But President Trump hasn’t yet let go of his antipathy toward […]

  • Yale Prof: Trump’s Using Subconscious Techniques To Push “Armed Troops In The Streets” Toward A “Massacre”

    ZeroHedge - Apr 24th 2020 11:05am EDT

    Yale Prof: Trump’s Using Subconscious Techniques To Push “Armed Troops In The Streets” Toward A “Massacre” Authored by Jonathan Turley, It often appears that there is no medical or legal theory that is too unhinged to trigger criticism in the media so long as it is targeting President Donald Trump or his supporters.   I […]

  • The S&P Is Caught In A Gamma Trap, Preventing Turmoil From Record High Valuations

    ZeroHedge - Apr 24th 2020 10:50am EDT

    The S&P Is Caught In A Gamma Trap, Preventing Turmoil From Record High Valuations Over the past three days, despite a barrage of negative news about the global economy and crushed hopes about Gilead’s Remdesivir treatment which according to the FT was a “flop”, stocks have been stuck in a tight range around the 2,800 […]

  • “Washed Under The Rug”: Small Business Owners Livid Over PPP Bailout Debacle

    ZeroHedge - Apr 24th 2020 10:35am EDT

    “Washed Under The Rug”: Small Business Owners Livid Over PPP Bailout Debacle Small business owners who were shut out of the government’s $349 billion Paycheck Protection Program (PPP) after it ran out of money last week are livid after learning that banks doled out tens of billions in funds to large corporations – around 20% […]

  • Martenson: Debunking The Hydroxychloroquine “Controversy”

    ZeroHedge - Apr 24th 2020 10:16am EDT

    Martenson: Debunking The Hydroxychloroquine “Controversy” Update (1005ET): Minutes after this post was created, the U.S. Food and Drug Administration (FDA) warned patients against taking two malaria medications that have been talked up by President Trump for Covid-19, unless carefully monitored in a hospital or as part of a clinical trial. The FDA said it was […]

  • UMich Consumer Sentiment Crashes By Most Ever, Home-Buying Conditions Worst In 37 Years

    ZeroHedge - Apr 24th 2020 10:07am EDT

    UMich Consumer Sentiment Crashes By Most Ever, Home-Buying Conditions Worst In 37 Years The preliminary April UMich confidence data was a bloodbath, and the final data (albeit very marginally better than the flash print) offered little hope for any change anytime soon… The University of Michigan’s final sentiment index for April slumped 17.3 points to 71.8 from […]

  • California Bans ‘Gatherings’ On State Properties After Protests Surge Against Newsom’s ‘Stay-At-Home’ Orders

    ZeroHedge - Apr 24th 2020 9:45am EDT

    California Bans ‘Gatherings’ On State Properties After Protests Surge Against Newsom’s ‘Stay-At-Home’ Orders After Monday’s anti-quarantine protests at the California State Capitol building and across many other cities in the state, California’s Highway Patrol (CHP) will no longer grant permits to demonstrators on state property, reported The Sacramento Bee. “Permits are issued to provide safe […]

  • The Hill: Stop The Panic & End The Total Isolation

    ZeroHedge - Apr 24th 2020 9:25am EDT

    The Data Is In… Stop The Panic & End The Total Isolation Authored by Scott Atlas, M.D., op-ed via The Hill, The tragedy of the COVID-19 pandemic appears to be entering the containment phase. Tens of thousands of Americans have died, and Americans are now desperate for sensible policymakers who have the courage to ignore the panic […]

  • Lysol Maker Begs Public Not To Inject Its Cleaning Products After Bizarre Trump Advice

    ZeroHedge - Apr 24th 2020 9:06am EDT

    Lysol Maker Begs Public Not To Inject Its Cleaning Products After Bizarre Trump Advice Love him or hate him, we believe many would agree that President Trump has made some pretty wild comments during his tenure in office, largely because he often insists on speaking extemporaneously, with little in the way of prep or review […]

  • Hope (In ‘Snake Oil’ Quick Fixes) Is Not A Strategy

    ZeroHedge - Apr 24th 2020 8:45am EDT

    Hope (In ‘Snake Oil’ Quick Fixes) Is Not A Strategy Authored by Bill Blain via MorningPorridge.com, “Watch what you say or they’ll be calling you a radical, liberal, oh fanatical, criminal…” It says it all when the market pays far more attention to a failed test of Gilead’s  drug Remdesivir than it does to the […]

  • US Durable Goods Orders Collapse In Early March Data

    ZeroHedge - Apr 24th 2020 8:36am EDT

    US Durable Goods Orders Collapse In Early March Data After an armada of ugly data this week, US Durable Goods orders were expected to be the piece de resistance and it was  – with preliminary March orders crashing 14.4% MoM (far worse than the already bad 12% decline expected), sending year-over-year durable goods orders down […]

  • Futures Rebound From Earlier Losses As Corona Optimism Returns

    ZeroHedge - Apr 24th 2020 8:22am EDT

    Futures Rebound From Earlier Losses As Corona Optimism Returns S&index futures reversed earlier losses as the U.S. House of Representatives passed a $484 billion coronavirus aid package, while China’s central bank cut another policy rate as expected. Sentiment was helped after US Covid-19 infections rose at the slowest pace in three weeks, and the potential […]

  • Fitch Warns Of Record Loan Defaults In April As Economy Implodes

    ZeroHedge - Apr 24th 2020 8:03am EDT

    Fitch Warns Of Record Loan Defaults In April As Economy Implodes Over the past two weeks, we have observed several very ominous tactical shifts from the largest US commercial bank: after it first announced it would halt all non-government insured loan issuance for the foreseeable future, traditionally the bank’s “bread and butter” business, JPMorgan then […]

  • Only Bull Market Is In Intervention

    ZeroHedge - Apr 24th 2020 7:34am EDT

    Only Bull Market Is In Intervention Submitted by Eleanor Creagh, Australian Market Strategist at Saxo Bank Summary: Asia equities trade subdued into the weekend after a broadly flat lead from Wall Street and with US and European futures remaining under pressure and in the red most of the session. Nikkei -0.70%, KOSPI -0.89%, Hang Seng […]

  • India Reports Record Jump In New Cases With US Death Toll Set To Pass 50k: Live Updates

    ZeroHedge - Apr 24th 2020 7:20am EDT

    India Reports Record Jump In New Cases With US Death Toll Set To Pass 50k: Live Updates As of 6amET Friday morning, the number of deaths linked to the coronavirus in the US stood at 49,963. You probably don’t need to be an ‘epidemiological expert’ to suspect that the death toll will surpass 50k on […]

  • The Fed vs Fundamentals: Who Wins?

    ZeroHedge - Apr 24th 2020 6:40am EDT

    The Fed vs Fundamentals: Who Wins? Submitted by The Chicago Economist The thing about market fundamentals is that they’re like gravity. They never relent. And that means if you’re not lighter than gravity it requires continuous energy to overcome it or succumb to it. In markets, productivity is the equivalent of being lighter than gravity, […]

  • Spanish Agents Capture Europe’s Most-Wanted ISIS Terrorist Wearing COVID-Mask As Disguise

    ZeroHedge - Apr 24th 2020 6:05am EDT

    Spanish Agents Capture Europe’s Most-Wanted ISIS Terrorist Wearing COVID-Mask As Disguise Terrorist cells in Europe are operating under cover of coronavirus lockdowns to shift personnel into the bloc or around. Earlier this week, Spain’s National Intelligence Centre (Spanish official intelligence agency) captured one of Europe’s highest-profile ISIS terrorists, Abdel Majed Abdel Bary, 28, reported The National. […]

  • What Will Post-COVID Look Like On TV And In The History Books

    ZeroHedge - Apr 24th 2020 5:30am EDT

    What Will Post-COVID Look Like On TV And In The History Books Authored by Denis Rencourt via The Ron Paul Institute for Peace & Prosperity, Difficult situation: There is no way the government can simply walk back from what it did with COVID-19… It imposed draconian general-population lockdown measures, and closed down the economy, irrespective […]

  • Ryanair Announces It Won’t Fly Again If “Idiotic” Rules Eliminating Middle Seats Are Enforced

    ZeroHedge - Apr 24th 2020 4:55am EDT

    Ryanair Announces It Won’t Fly Again If “Idiotic” Rules Eliminating Middle Seats Are Enforced Ryanair CEO Michael O’Leary, said the planes of the discount Irish carrier won’t return to the skies if the airline is forced to leave the middle seat empty to comply with “idiotic” in-flight social distancing rules. The boss of the no-frills […]

  • Welcome To Orwellian Italy 2020

    ZeroHedge - Apr 24th 2020 4:20am EDT

    Welcome To Orwellian Italy 2020 Authored by postfataresurgo for The Saker Blog, A video is circulating in Italy showing an armed policeman abruptly interrupting mass celebration in a small northern italian town in the Lombardy region, ordering the priest to stop the celebration immediately and dismiss the attendees. The priest refuses and goes on with […]

  • Trillion-Dollar Wealth Fund CEO Apologizes For Scandal That Rocked Norway’s Financial Elite

    ZeroHedge - Apr 24th 2020 3:45am EDT

    Trillion-Dollar Wealth Fund CEO Apologizes For Scandal That Rocked Norway’s Financial Elite Now that is an apology. At the beginning of this week, a scandal erupted in Norway that shook the rarefied world of central bankers and other members of Scandinavia’s financial elite: The outgoing CEO of Norway’s massive $1 trillion+ sovereign wealth fund – […]

  • Who Gains From Ratting On BoJo In Bombshell British Report?

    ZeroHedge - Apr 24th 2020 3:10am EDT

    Who Gains From Ratting On BoJo In Bombshell British Report? Authored by Finian Cunningham via The Strategic Culture Foundation, It could be seen as a fatal blow to Boris Johnson’s premiership. A bombshell report at the weekend revealed the British prime minister had declined to attend five emergency cabinet meetings in the lead-up to the […]

  • COVID-Chaos Triggers Record Losses For Swiss National Bank 

    ZeroHedge - Apr 24th 2020 2:35am EDT

    COVID-Chaos Triggers Record Losses For Swiss National Bank  In the first quarter of 2020, the hedge fund known as the Swiss National Bank (SNB) suffered its worst quarterly loss in over a century. The central bank posted a record loss of 38.2 billion Swiss francs (or about $39.34 billion) for the quarter on Thursday morning. It said the […]