Precious metals news

As the U.S. dollar weakens, Chinese authorities are pushing back against yuan strength and trying to keep it in a weaker range.

U.S. bonds yields were mixed on Thursday morning as investors looked ahead to a upcoming economic data this week.

The pandemic death toll in such facilities has plummeted from a peak of 5,000 a week to less than 300. And a global vaccination effort for low-income nations got a $2.4 billion boost.

Last year, China launched a digital yuan pilot program. The Chinese government-backed digital currency got a boost when the country's biggest online retailer announced the first virtual platform to accept the Chinese digital currency. China isn’t the only government exploring the possibility of digital money. Sweden has developed a digital currency of its own. The European Central Bank is pushing for a digital euro. And Russian central bank governor Elvira Nabiullina recently told CNBC that digital currency is "the future of our financial system."
So, how long before a digital dollar comes to the United States? Well, it's already in the pipeline.

This is an update for the Gold Members Top Silver Mining Companies Analysis published on May 24th.  I wanted to extend a CAUTION ALERT for two silver mining stocks that continue to be considerably overvalued versus peers, as well as the SIL Silver Miners ETF.  While we are looking for excellent gains...

The mining industry has little ability to ramp up silver production to meet rising demand. After years of high grading and under-investment in acquiring new reserves, gold and silver mining isn’t going to be a growth industry anytime soon.

Peter Krauth of the Gold Resource Investor discusses rising inflation and the role of hard assets.

“At this point it’s the anticipation of some of the economic news that’s coming out this week ... which is going to further the concerns regarding inflation and will have a positive impact on the momentum in the gold market,” said Jeffrey Sica, founder of Circle Squared Alternative Investments.

Investor confidence in Germany recently jumped to a 21-year high, cheered by an acceleration of the domestic coronavirus vaccine programme and concomitant slowing of the domestic third wave of coronavirus. But while optimism for an economic upturn runs high, it brings with it growing fears of rising prices among inflation-wary German investors.

Miners expects gold to reach as high as $10K per ounce in the long term: “This is ultimately is in the cards. Silver traditionally lags. It is the poor man’s gold, and it’s the one that will have the largest move on a percentage basis. It is the high-beta version of gold.“

The first thing any economist should do wen reading a budget proposal is to analyse the basic macro assumptions and the results presented by the administration. When both are poor, the budget should be criticised. This is the case of the Biden Budget Plan. Same growth, a lot more debt and less employment.

Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over....

Extreme crowding in leveraged equity instruments could make for a serious deleveraging episode down the road.

After a tough year, Americans need their incomes more than ever. But the IRS is holding onto their money longer than usual because they are unable to keep up.

"If, however, people realized that such laws actually harm them as consumers—that gouging laws gouge consumers--once all the costs they must bear are considered, perhaps we could put an end to this counter-productive way politicians illustrate Ronald Reagan’s quip that 'the nine most terrifying...

The Biden administration is expending a lot of time and energy to make the country more uncompetitive than ever.

Half of U.S. states, all led by Republican governors, have announced an early end to federal unemployment programs.

“Selling prices increased moderately, while input costs rose more briskly." “Overall expectations changed little from April Beige Book, with contacts optimistic that economic growth will remain solid." “Input costs have continued to increase across the board, with many contacts noting sharp increases in construction and manufacturing raw materials prices." "Increases were also noted in freight, packaging, and petrochemicals prices."

(Taylor Rule Indicates Fed Target Rate Of 4.79%, Rate Currently At 0.25%) There is no doubt that the US Federal Reserve has strayed from its original mission (a safer, more flexible, and more stable monetary and financial system) to an asset bubble creator and preserver.…

The effective fed funds rate, which the central bank is currently aiming to keep within a range of 0% to 0.25%, slipped by 1 basis point to 0.05% on May 28, the lowest since April, the Fed said Tuesday. US Public Debt Has Risen From Less Than $8 Trillion In Mid-2005 To Near $3.