Precious metals news

It’s no secret that the mainstream media has a left-leaning bias. So it’s not exactly surprising that when alarming new inflation data were released on Tuesday, many journalists and media outlets attempted to downplay the story. After all, rising concerns about inflation could hamper the federal government’s ongoing efforts to massively increase government spending and expand the welfare state.

The Biden Administration plans on taking unprecedented looks at individual's bank accounts.

After a surprisingly jump in July - following a surprising slump in June - analysts expected US industrial production to grow at a slower pace in August and it did. Headline industrial production rose 0.4% MoM in August, below the expected 0.5% rise and well below the 0.9% jump in July. This slowed the YoY rise in IP to below 6%...

A couple of years ago, CNBC commentator Jim Leventhal made a pretty astounding comment. When asked about gold, Leventhal said he had no interest in it because gold has no uses as a metal.
Of course, this is nonsense. Gold has a wide range of uses in sectors ranging from jewelry to high-tech electronics. And gold is becoming increasingly important in the healthcare industry.

Building on his thoughts from earlier in the year that the dollar "is doomed," DoubleLine Founder Jeffrey Gundlach reiterated in tonight's webcast that any "economic growth we're seeing isn't really economic growth," it's just spending funded by "massive amounts of tools and devices The Fed has used."

Treasury is making the case for increased government support for child care as Democrats work to write a social-spending bill that could total $3.5 trillion.

Global food prices were up 33% in August from a year earlier with vegetable oil, grains and meat on the rise, data from the United Nations Food and Agriculture Organization show.

China's major banks have been notified by the housing authority that Evergrande Group won't be able to pay loan interest due Sept. 20, Bloomberg reported, underlining the broadening impact of the property developer's liquidity crisis.

For the first time in nine months, the government CPI data came in under expectations. Prices rose by 0.3% last month, just below the 0.4% projection. Year on year, the CPI was up 5.3%. Core inflation, stripping out more volatile food and energy (for those of you who don't eat or use energy) was up 0.1%. Core inflation is up 4% on the year.
In his podcast, Peter Schiff took a deeper dive into the numbers and explained why this doesn't prove inflation is "transitory." He also drilled down to the root cause of rising prices - too much money chasing not enough stuff. Given the current monetary policy, that doesn't appear set to change anytime soon.

A new survey of nearly 45,000 employers in dozens of countries showed that 69 percent of businesses reported having a hard time finding workers, a 15-year high for the second consecutive quarter.

As the Federal Reserve ramps up for its monetary policy meeting next week, it faces some tough cross currents on the inflation front. The Fed has for some time been up against an unexpected surge in price pressures testing its desire to keep monetary policy on an aggressively supportive footing to help the U.S. economy recover from the body blow of the coronavirus pandemic.

Median household income was about $67,500 in 2020, down 2.9% from the prior year, when it hit an inflation-adjusted historical high. It came as the U.S. last year saw millions lose their jobs and national unemployment soar.

The federal government collected a record $3,586,456,000,000 in total taxes through first eleven months of fiscal 2021 (September through August), according to the Monthly Treasury Statement.

The tax changes proposed by House Democrats this week would lower taxes for most Americans, at least in the near term, while hitting top-earning households with sizable increases, according to estimates released Tuesday by the bipartisan congressional Joint Committee on Taxation (JCT). The Democratic plan, which is being debated again this week...

U.S. stock index futures edged higher on Wednesday on easing fears of an earlier-than-expected cut to monetary stimulus, even though a slowing economic recovery and uncertainty over higher corporate taxes weighed on sentiment. While signs of slowing inflation have made early tapering by the Federal Reserve seem unlikely,...

The latest seasonally adjusted month-over-month inflation rate was .26% (vs. .4% expected), with a non-seasonally adjusted annual rate of 5.3% (vs 5.4% expected). The reason for the fall from July’s .47% pace was spread across multiple categories, specifically Commodities, Food, Shelter, and Transportation.

Gold hit a one-week high Tuesday as the dollar retreated after slower-than-expected U.S. inflation data cast doubts over the Fed's tapering timeline.

The nation’s hot housing market is beginning to show signs of cooling.

Marc Lasry, who makes his living by investing in distressed companies, thinks the nation's high level of debt could cause problems.

The U.S. Economy In a Nutshell: Critical Parts Are On “Indefinite Back Order,” It Grinds to a Halt