Precious metals news

European Central Bank policy maker Isabel Schnabel said it is “necessary and proportionate” that inflation overshoots the institution’s goal for a while as the economy recovers, remarks that may spark a pushback by some colleagues in the Governing Council. The Executive Board member said on Saturday that she sees “growing evidence” inflation...

Russia’s finance ministry said on Monday it would buy 13.5 billion roubles ($184.25 million) worth of foreign currency a day between July 7 and Aug. 5, an increase in the amount of daily oper…

]Central banks may be regaining their appetite for buying gold after staying on the sidelines for the past year. Central banks from Serbia to Thailand have been adding to gold holdings and Ghana recently announced plans for purchases, as the specter of accelerating inflation looms and a recovery in global trade provides the firepower to make purchases.,,

Since the crash in March 2020, the "retail investor army" marched propelled by chat rooms and social media channels. Is the retail investor rampage over?

Patrick Hill combs through economic data to determine whether or not higher prices and wages will lead to inflation becoming embedded into the economy.

The Biden administration is organizing a door-to-door campaign to encourage unvaccinated Americans to take the jab, after failing to achieve their 4th of July vaccination targets.

As part of President Joe Biden's new infrastructure plan, he unveiled nearly $5 billion in new grants to state and local governments for rental assistance and the development of affordable housing. In doing so, he aims to get 130,000 homeless people into homes.

Los Angeles, San Francisco and Sacramento are among the cities with the most organized retail crime in the country, according to the California Retailer's Association. As a result, stores have been closing early or permanently shuttering.

Grocers are buying and setting aside larger amounts of frozen meat, sugar and other inventory to protect profits ahead of anticipated price increases.

A survey finds that 71% of Americans fear Social Security will run out in their lifetimes. Why experts say it won't "disappear anytime soon."

So they crushed the $VIX again as volatility has entirely disappeared and the never ending rally keeps on ticking high relentlessly. Welcome to every big rally in recent years that all ended in a spanking in one form or another other. This rally of course the most liquidity drenched in history having seemingly vanquished all 2 way price discovery.

Typically, banks make money by taking deposits at low rates and lending to borrowers at higher rates (car loans, residential mortgages, business loans, etc.), earning a spread. And bank deposits ar…

Laguna Beach CA Condo Prices UP 272% Since July 2020 (Fed Worsens Wealth Inequality). Talk about government making wealth inequality worse. But The Federal Reserve, part of wealth inequality problem, apparently just can’t say no to worsening inequality. Median asking rent for …

Today’s jobs reports showed that labor force participation did not improve since May and remains substantially below pre-Covid levels. Over the longer term, we can see that M2 Money Velocity …

The EU wants to stop "carbon leakage". Supposedly a carbon tax will do the trick.

"It doesn’t really matter how inconvenient it is to pay in bitcoin when you don’t have any other choice."

Nothing Goes to Heck in a Straight line, not even the dollar’s hegemony.

Investors looking to make a buck on corporate distress can only hope the post-pandemic world is more accommodating.Rock-bottom interest rates, a reopening economy and yield-starved investors mean all but the most-troubled businesses have managed to borrow their way out of trouble. Credit markets may not be so friendly if the projections underlying that...

The US Trade Balance shows the deficit and surplus of US trade for Imports and Exports. A deficit occurs when Imports are greater than Exports. When the Trade Balance is in deficit, it accounts for one of the two components of the Twin Deficits. The Fiscal Deficit accounts for the other component and will be reviewed in a later article.
TTM = Trailing Twelve Months
May 2021 saw a total trade deficit of -71.2B which was up 3.14% over April but fell just shy of the record -75B trade deficit from March 2021. The plot below shows Imports, Exports, and Net figures (lines) over the last 36 months. The impact of the Covid lockdowns can be seen in the dip in early 2020. The Gross numbers are still below pre-pandemic levels, but the Net numbers are hitting new all time records.

Surveys by the New York Fed and Fannie Mae suggest renters are braced for further hikes of 7% to 10% in the coming year.