Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Economic data from several sources on Tuesday pointed to sharply rising housing prices. The S&P CoreLogic Case-Shiller house price index, for instance, rose 13.2% in March from a year ago, the largest increase since December 2005, after rising 12.0% in February.
Juiced by his $1.9 trillion stimulus package, consumer spending is colliding with supply constraints—shortages of semiconductors, most basic materials in construction and manufacturing—and inflation is surging.
May 26, 2021 - 05:35:03 PDT
A severe market imbalance has created a run on housing throughout the U.S., a problem some say is worsened by the Federal Reserve's $40 billion in monthly purchases of mortgage-backed securities.
Back on April 5, Treasury Secretary Janet Yellen called on all nations to set a “minimum corporate tax” level, so that the U.S. could more easily raise corporate tax rates here at home without U.S. corporations running overseas to take advantage of offshore tax breaks.
With only months left on their current terms, Federal Reserve vice chairs Randal Quarrels and Richard Clarida were reminded on Tuesday that their time in office may be drawing short. Quarrel’s tenure as the Fed’s top banking supervisor expires Oct. 13 while Clarida’s term ends Jan. 31, a few weeks before Chair Jerome Powell’s own tenure at the helm...
Fed’s No. 2 Official Sees Time Approaching for Discussion on Cutting Asset Purchases: WSJMay 26, 2021 - 05:26:09 PDT
Vice Chairman Richard Clarida said the subject of paring the Fed’s $120 billion-a-month bond-buying will likely arise at some point in coming policy meetings.
At least 23 states are cutting the $300 weekly federal jobless benefit as early as June 12, leaving millions of Americans without benefits. Here's what to know.
U.S. Treasury yields were mixed on Wednesday, as Federal Reserve officials restated their dovish views on easy monetary policy and inflation.
A slight increase in mortgage interest rates was enough to tank refinances and bring down overall demand.
Covid Latest: Lawmakers Call for Fauci Resignation or Firing ‘Immediately’ Amid COVID Flip-FlopsMay 26, 2021 - 05:02:34 PDT
Amid the Centers for Disease Control and Prevention's (CDC) updated mask guidance and new information coming to light about the origins of COVID-19, experts and Americans alike are questioning the credibility of those calling the shots throughout the pandemic — including the high-profile Dr. Anthony Fauci.
A surge in Taiwan's Covid-19 cases may worsen the global semiconductor shortage if the country implements economic shutdowns to stem the spread of the virus. In just the past two weeks, daily Covid-19 cases surged from less than ten to over 400. Actually, the current surge in Taiwan's Covid-19 cases is nearly 20 times higher...
More and more, the 4 and 8 big COMEX shorts appear stuck – unable to simply quit the concentrated shorting game. This is the only issue that matters in silver and gold and we all have a front-row seat to the spectacle.
Join Mike Maloney and Jeff Clark as they discuss the latest news in silver, gold and Bitcoin. There are some amazing charts in the video.
Gold prices scaled a more than four-month peak on Tuesday, as the dollar & U.S. Treasury yields slipped amid expectations that the U.S. Federal Reserve will keep its monetary policy accommodative. Spot gold rose 0.8% to $1,896.74 per ounce by 1:42 p.m. EDT (1742 GMT), having earlier hit its highest since Jan. 8 at $1,898.40. U.S. gold futures settled up 0.7% at $1,898.
Economic measures in response to the COVID-19 crisis have brought a big increase to Japan’s national debt.
May 25, 2021 - 12:41:53 PDT
Much depends on their tax structures, particularly if Prop. 13-style tax caps are in place. But inflation-driven pressure for wage increases could squeeze budgets and crush pension funds.
In the field of economics, any narrative overly vague, poorly defined, or which cannot be substantiated is probably untrue. The current narrative garnering ever increasing media attention goes something like this: “Inflation was extremely high in the 1970’s so the Fed raised rates and controlled inflation.” Specifically, they credit the Fed with taking action...
"RRP Explosion": Fed Reverse Repo Soars To Third Highest With "Incredible Amount Of Cash"May 25, 2021 - 11:56:28 PDT
Ahead of today's 1:15pm overnight Reverse Repo deadline we asked (for the second day in a row) if today was the day the repo market finally cracks, pushing the amount of reserves parked at the Fed to a new record above $500 billion.
Republicans Plan to Send Biden Nearly $1 Trillion Infrastructure Counteroffer This WeekMay 25, 2021 - 11:12:33 PDT
Hopes for a bipartisan infrastructure deal appeared to dim last week after the Biden administration sent a $1.7 trillion counteroffer.
For my money, today’s Fed waxes far too confidently about well-anchored inflation expectations. It also preaches the new gospel of “average inflation targeting,” convinced that it can condone above-target inflation for an unspecified period to compensate for years of coming in below target. My students would love to throw out their worst grade(s) as well!