Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Thanks to Fed S&P 500 Doubles From Its Pandemic Bottom, the Fastest Bull Market Rally Since WWIIAug 17, 2021 - 05:20:37 PDT
Many credited unprecedented monetary and fiscal stimulus for the market’s leap out of its massive pandemic slump. At the height of the crisis last year, the Federal Reserve slashed interest rates to near zero, while flushing financial markets with $120 billion in emergency monthly bond purchases. The rescue action came as the S&P 500 suffered its fastest 30% drop in history.
The Colorado River supplies water and power for more than 40 million people across the West, while also fueling some 2.5 million acres of croplands.
China is conducting live-fire aerial and naval exercises near Taiwan. That’s according to a post by the People’s Liberation Army (PLA) on ...
Finally, we note that the shift from Treasuries to Gold among global reserves remains in tact...
China May Align Itself With Taliban & Try To Exploit Afghanistan’s Rare Earth Metals, Analyst WarnsAug 17, 2021 - 05:08:23 PDT
Afghanistan is estimated to have between $1 trillion and $3 trillion worth of rare earth metals.
Dow Futures Fall 200 Points Ahead of Key Retail Sales Data, Home Depot Shares DeclineAug 17, 2021 - 05:05:48 PDT
U.S. stock index futures fell in early morning trading Tuesday, after the Dow and S&P 500 closed at record highs during regular trading on Monday.
The yield on the benchmark 10-year Treasury note fell 3 basis points to 1.232% at 7:15 a.m. ET. The yield on the 30-year Treasury bond gave up 2 basis points, falling to 1.903%. Yields move inversely to prices and one basis point is 0.01%.
While the CPI numbers came in around expectations in July, the producer price data came in hotter than expected for the seventh straight month, putting a damper on the notion that "transitory" inflation might be cooling.
Will silver be the future Super-Store of Value? If we consider the massive amount of energy it takes to mine gold compared to silver, investors would be wise to consider this when choosing which metal to purchase. There will come a time when the mining industry will favor silver mining over gold mining...
A hoard of coins stashed in the reign of Charles I during the English Civil War has been declared treasure. Suffolk Coroner's Court heard the hoard of 1,069 silver post-medieval coins was found during metal-detecting on land near Lindsey, Suffolk, in July 2020.
It included coins of all rulers from King Edward VI to King Charles I.
Reserve Bank of India's (RBI) gold holdings, as a percentage of its currency reserves, have surpassed 700 tonnes for first time, to a report on August 12.
Brazil Gold Reserves Surge Nearly 100% in Three Months As Central Bank Doubles PurchasesAug 16, 2021 - 12:43:36 PDT
Brazil’s central bank purchased over 62 tons of gold in three months through July 2021, raising the nation’s reserves to nearly 130 tons. The estimated growth of physical holdings reportedly amounted to 92.4%.
The link between the U.S. dollar and gold — a link that dated back to the country’s adoption of the gold standard nearly a century before — was to be severed. The age of fiat money — that is, of currency backed by nothing more than the credibility of the U.S. Treasury — had dawned.
This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion. Overnight, the dollar became a free-floating currency, measurable only by comparing it to other world currencies.
As I discussed in a Frank Talk last week, the Senate just approved a $1 trillion infrastructure bill that's now the business of the House. Among the parts of the bill that I seriously hope lawmakers will consider amending is the part that creates new tax reporting requirements for the cryptocurrency industry.
Democrats are betting Republicans will blink and agree to raise the debt ceiling before it expires, a risky wager after a weeks-long standoff that threatens the health of the financial markets and continued U.S. government operations.Should market turmoil and a federal shutdown ensue this fall, it could overshadow Democrats’ efforts to push through President...
Moderate Dems Tell Pelosi To Pound Sand; Threaten To Hold $3.5T Budget Plan HostageAug 16, 2021 - 11:12:01 PDT
House Speaker Nancy Pelosi is scrambling to strike a compromise with nine moderate Democrats threatening to tank the $3.5 trillion budget blueprint, which they say they won't support unless there's an immediate vote on the $1.2 trillion bipartisan infrastructure package.
Aug 16, 2021 - 10:52:57 PDT
Last week was notable for the tsunami of agency mortgage bonds offered to the Federal Reserve during its routine purchase operations on Friday. The central bank’s quantitative e…
"Fifty years without a gold-based monetary system is not only unprecedented in human history but unfriendly to economic prosperity."
August 15 marks a special date in American history: it commemorates the fiftieth anniversary of President Richard Nixon’s suspension of Bretton Woods. With this decision, the United States stopped redeeming foreign governments’ and banks’ dollars for gold.