Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
The World Relies on One Chip Maker in Taiwan, Leaving Everyone Vulnerable: WSJJun 21, 2021 - 05:31:18 PDT
Taiwan Semiconductor Manufacturing Co. makes almost all of the world’s most sophisticated chips, and many of the simpler ones, too. Its dominance poses risks to the global economy, amid geopolitical tensions and a major chip shortage.
Biden’s Top Tax Rate on Capital Gains, Dividends Would Be Among Highest in Developed WorldJun 21, 2021 - 05:22:14 PDT
President Joe Biden would raise the top tax rate on capital gains and dividends to almost 49%, between federal and state taxes. Only Ireland has a higher rate.
The 10-year U.S. Treasury yields fell to around 1.43% on Monday morning, its lowest point since early March.
Bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining.
Oil may surge to $100 a barrel next year as travel demand rebounds, Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits. Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new production is crimped by...
Moody’s Analytics Mark Zandi believes the Federal Reserve’s response to inflation will create trouble for the market.
The Fed Will Continue To Dominate the Market in the Week Ahead After Sell-OffJun 21, 2021 - 05:10:21 PDT
The Fed's signal that it is looking to step away from its easy policy is expected to be a dominant trading theme the rest of the summer.
90 WIND TURBINES BLOWN TO BITS: The Myth Of Renewable Wind Power & Preview Of Important Energy UpdateJune 20, 2021
More evidence of the absurdity called "Green Renewable Energy" occurred last month as 90 Mitsibushi wind turbines were demolished in New Mexico. Thus, the BIG JOKE is that Renewable Energy is really Non-Renewable as a large percentage of old wind and solar power units end up in landfills...
It looks like the U.S. Shale Oil Industry is using one last trick to keep the LIGHTS ON a bit longer. Due to low oil prices and the lack of available investment funds, the shale oil industry is working through a large percentage of its DUCs - Drilled Uncompleted Wells. After reaching a record high in June 2020...
Jun 18, 2021 - 13:12:25 PDT
How can a government, that's $28 trillion in debt, spend trillions of dollars that it does not have? Well, one major way is the Federal Reserve creates money-out-of-thin-air and then 'loans' it to the government by buying the government's bonds. Naturally, when the Fed counterfeits new dollars to do this, the value of the dollars (that Americans work so hard for) drops. Prices rise, and the standard of living of Americans falls. Does this sound like a good deal to you?
Jun 18, 2021 - 12:52:48 PDT
El Salvador’s plan to adopt bitcoin as legal tender hit a roadblock this week when the World Bank said that it would not help with the rollout of the cryptocurrency.
Jun 18, 2021 - 12:22:22 PDT
Minneapolis Fed President Neel Kashkari has weighed in with where he stands on the dot plot, telling Reuters that he opposes rate hikes through 2023.
History shows that most bull markets end in a blow-off top, where prices shoot the moon before correcting hard. Macro analyst David Hunter thinks we’re witnessing the end of the longest-lived bull market in history.
"The intergovernmental competition offers one of the few avenues of escape from the oppressive coercion of government. Intergovernmental competition is one of the safeguards of liberty, and that safeguard is under attack by President Biden, Secretary Yellen, and the G-7." ~ Randall G. Holcombe
BofA: The Fed Finally Conceded That $4BN In Daily Asset Purchases Does Not Reduce Social InequalityJun 18, 2021 - 12:02:43 PDT
In Hartnett’s post-mortem, the BofA strategist writes that the Fed "flipped from dovish to hawkish" conceding what should be obvious to anyone with a somewhat functioning brain, that zero rates and $4BN of asset purchases every day are incompatible with
a. stocks/bonds/housing prices at all-time highs,...
Goldman Sachs said on Friday the recent slip in commodities prices driven by the U.S. Federal Reserve's decision to bring forward projections for interest rate hikes into 2023 was a buying opportunity for investors.
Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion…
‘Potentially the Worst Drought in 1,200 Years’: Scientists on the Scorching US HeatwaveJun 18, 2021 - 10:35:47 PDT
The heatwave gripping the US west is simultaneously breaking hundreds of temperature records, exacerbating a historic drought and priming the landscape for a summer and fall of extreme wildfire.
Rising real-estate prices are stoking fears that homeownership, long considered a core component of the American dream, is slipping out of reach for low- and moderate-income Americans. That may be so — but a nation of renters is not something to fear. In fact, it’s the opposite.
Jun 18, 2021 - 10:08:02 PDT
The central bank demonstrated it was at least paying attention to economic developments, but it’s compounding an unnecessary risk.