Gold has all the potential to go unprecedentedly high. But silver will be gold on
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U.S. consumers continued to spend wildly on new automobiles in the second quarter, pushing sales up 50.2% over last year despite tight dealer inventories and record high prices. Automakers sold about 4.43 million vehicles from April through June, a figure 0.4% lower ...
The Commerce Department said on Friday that the trade gap rose 3.1% to $71.2 billion in May. Economists polled by Reuters had forecast a $71.4 billion deficit.
Gold futures head higher Friday morning, aiming for a third straight gain and a weekly rise, amid a retreat in benchmark Treasury yields, which compete...
Stablecoins are meant to be the least volatile part of crypto. And yet, the Fed is increasingly worried about the risks they pose to the traditional financial system.
Bitcoin has struggled to breakout of the $30,000 to $35,000 range after seeing its price near half from an all-time high reached in April.
June Payrolls Big Beat: 850K Jobs Added Smashing Expectations As Unemployment Rate RisesJul 2, 2021 - 05:38:57 PDT
After several months of major payroll disappointments, the BLS finally realized it has to come up with a strong number and it did just that moments ago when it reported that in June the US added 850K jobs, well above the 720K expected, and almost 50% more than last month's 583K, in a welcome sign that the chronic labor shortages may finally be ending.
Biden’s ‘Free Money’ Policies Have Loaded US With Debt. Will Interest Rates Take a Hit Next?Jul 2, 2021 - 05:35:16 PDT
While Washington, D.C., continually talks about new, additional spending, the question we should be asking is, how do we even pay for old spending? The interest alone on what we already owe is unprecedented beyond reason. While it would be nice to see interest rates stay low forever, they won't.
Are You Missing Out on Free Money? 80% of Americans Aren’t Taking Advantage of COVID ReliefJul 2, 2021 - 05:34:11 PDT
Unemployed Americans know about COVID-19-related financial relief, including enhanced unemployment benefits, but an overwhelming majority (80%) aren't taking advantage of them, a recent survey from...
The New Child Tax Credit: IRS Just Made It Even Easier To Get Your PaymentsJul 2, 2021 - 05:32:34 PDT
The tax agency has announced a way to help you receive the cash more quickly.
New Stimulus Benefit Offers Free Health Insurance Through End of This YearJul 2, 2021 - 05:27:46 PDT
The massive COVID rescue package President Joe Biden signed back in March — the same law that included $1,400 stimulus and the upcoming monthly payments for families — is now offering free health insurance to millions of Americans, through the end of 2021.
Biden Proposal Is ‘A Pretty Cruel Tax Hike’, Will Hit Middle Class: Kevin BradyJul 2, 2021 - 05:23:51 PDT
President Biden proposes eliminating a loophole that allows wealthy people to pass assets tax free to their children but Republican lawmakers say it will hit middle class Americans.
California Begs For More Electricity As Shift To Renewable Power Leaves State In The DarkJul 2, 2021 - 05:20:04 PDT
In short, it's time to admit that California's "green" push has been a complete disaster, and is about to leave millions of people in the dark during hot, sweaty days, leading to countless deaths.
Drivers Will Face the Highest July 4th Gasoline Prices in 7 Years and They Are Heading HigherJul 2, 2021 - 05:16:08 PDT
July 4th gasoline prices are expected to be the highest for the holiday weekend in 7 years, and they are expected to rise even higher later in the summer.
The price jumps and shrinking inventory suggest the Manhattan real estate rebound is continuing to gain momentum.
U.S. Treasury yields dipped early on Friday, despite anticipation over a key jobs report, due out later in the morning.
WHAT'S GOING ON WITH GOLD & SILVER COIN PREMIUMS: Check Out The Premiums From Leading Online DealersJuly 2, 2021
Gold & Silver coin premiums have fallen a bit recently because this is typically the slowest time of the year for the retail bullion industry. However, official coin premiums continue to be extremely elevated compared to normal prices before the pandemic shutdown. For example, Silver Maple Leaf premiums were...
From a fundamental perspective, global governments and central banks continue to gorge on debt and print astounding amounts of paper money, which is a trend that will not end any time soon now that the global economy is so hopelessly addicted to stimulus. The inevitable dilution of the value of paper money can only benefit hard assets such as gold and silver in the long run.
Legendary global investor John Templeton once said that the best time to buy was when there was “maximum pessimism,” and the best time to sell was when there was “maximum optimism.”
Gold Logs Back-to-Back Gains To Start July, Second Half of 2021, As Dollar Softens: MWJul 1, 2021 - 13:06:16 PDT
Gold futures finished higher Thursday, supported by a slight pullback in the U.S. dollar from a three month high overnight. August gold GCQ21, 0.27% GC00, 0.27% rose $5.20, or 0.3%, to settle at $1,776.80 an ounce. The dollar, as gauged by the ICE U.S. Dollar Index DXY, 0.16%, a measure of the buck against a half-dozen currencies, was down 0.1% ...
Fifty years ago, President Nixon turned the dollar into a fiat currency, overturning the basic monetary arrangements of the postwar era.