Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The yield on the benchmark 10-year Treasury note added 2 basis points, rising to 1.2367% at 3:30 a.m. ET. The yield on the 30-year Treasury bond rose 3 basis points to 1.9003%. Yields move inversely to prices and 1 basis point equals 0.01 percentage points.
A mixed picture of mortgage rates last week was enough to put the brakes on a recent rise in refinance demand.
In the Federal Reserve's new world of "transitory" inflation, Americans are paying more to get less.Retail sales were up 0.6% from May to June. According to the Commerce Department, American consumers spent $621 billion on retail goods and services last month. With the big 1.7% drop in May, retail sales remained below levels in March and April.
“The U.S. has been averaging almost 30,000 new cases a day over the last seven days (ending Friday), up from around 11,000 cases a day a month ago, according to the CDC”…
Jul 21, 2021 - 05:09:34 PDT
The weirdest thing about the Biden administration tasking itself with the censorship of “disinformation” on social media is that the United States is the hub of a globe-spanning empire that is built upon a foundation of disinformation, maintained by disinformation, and facilitated by disinformation.
WHO chief warns that the world is going into the 'early stages of another wave'Jul 21, 2021 - 05:08:57 PDT
WHO's Tedros Adhanom Ghebreyesus also criticized the vaccine discrepancies between wealthy and low-income countries.
It seems that after nearly completing its massive head and shoulders pattern, Bitcoin is now on the verge of a dramatic move lower. We are nowhere near capitulation as the prevailing sentiment in the crypto community is still that higher all-time highs are imminent. To change this persuasion, the price needs to move much lower. However, currently the price is at its last major support area... and traders should watch it very carefully.
It's a strange situation indeed: Government has gone into competition with business for labor. By paying workers to stay at home, what may have started as a well-intentioned effort to help has now led to shortages of skilled workers in many industries, especially hospitality. After all, why would anyone want to go to work when they can earn more on unemployment?
Gold prices climbed on Tuesday to mark their first gain in three sessions. Weakness in Treasury yields, with the yield on the 10-year Treasury note tapping its lowest level in about five months, provided support for the precious metal, although strength in the U.S. dollar helped to limit gold's rise. August gold GCQ21, 0.08% rose $2.20, or 0.1%, to settle at $1,811.40 an ounce.
BlackRock has cross-listed its blockbuster physically backed gold exchange-traded product into the German market.
After years without substantially changing the amount of gold in the international reserves, the Central Bank headed by Roberto Campos Neto bought 41.8 tons of the metal in June.
Companies that transfer bitcoin or other cryptoassets must collect details of senders and recipients to help authorities crack down on dirty money, EU policymakers proposed on Tuesday in the latest efforts to tighten regulation of the sector.
Occam’s Razor and conspiracy theories… Groupthink is a threat to national security…
The "Fear Of Missing Out" has infected retail and hedge funds alike as they ramp up exposure to chase performance. What happens next isn't great.
Consumer Expectations Don't Tell Us Much about the Real State of the EconomyJul 20, 2021 - 11:52:01 PDT
In order to gain insight into the current and future state of an economy, many economists hold that it is helpful to get the view on this from consumers and businesspersons.
From the Roaring Twenties to the "great moderation," America has always shown a flair for labeling things, and speculative manias are no exception.
As it began rapidly expanding the money supply early in 2020, the Fed confidently assured the public there would be no unanticipated or serious rise in inflation.
Old, absurd, and unfit for purpose; how else to describe the “new” monetary framework for euro monetary policy presented by ECB Chief Lagarde amidst much fanfare on Thursday, July 8? Why old? The “new” framework is remarkably similar to that unveiled in May 2003. Why absurd?
Now and then, it pays to take a step back to get a broader perspective on things, to look beyond the daily financial news, to see through the short-term ups and downs in the market to find out what is really at the heart of the matter.
Money Printing Is a Flawed Experiment That’s Done America More Harm Than Good, Satyajit Das: MWJul 20, 2021 - 11:06:45 PDT
Investors are captive to Modern Monetary Theory (MMT) and its convenient non-answers to the vexed issues of economic stagnation, unsustainable public finances and debt. People’s savings are underwritten by high asset prices, courtesy of this novel brand of economics.