Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Basel 3, a voluntary regulatory framework to stress test central banks worldwide, requires banks to hold a percentage of assets back to deleverage their lendings. On June 28th, a new regulation will be set in place that disvalues unallocated gold paper contracts held against lendings. At the same time, physical Gold changes its spot from a Tier 3 asset to a Tier 1 asset. It will count as a 100% reserve asset.
The goal of the forthcoming Basel regulations is to limit the levels of risk that banks take on in the pursuit of profits, which would hopefully prevent a major worldwide financial crisis if markets turn negative.
Silver (XAG/USD) has reached Fibonacci retracement at $28.73 – this is seen as the last defence for the 30.09 2021 high, as Karen Jones, Team Head FIC
Gold headed for a third straight weekly gain as investors weighed signs of inflation and economic recovery. Spot gold rose 0.2% to $1,880.83 an ounce by 3:45 p.m. in New York, after earlier climbing as much as 0.7%. Prices rose to $1,890.13 on Wednesday, the highest since Jan. 8. Futures for June delivery fell 0.3% to settle at $1,878.90.
"Right now, the dashboard of inflation is not flashing red or suggesting things are getting out of control," Bostic added.
The deluge of cash in the short-end is threatening to create fissures in the Federal Reserve’s key rates corridor, increasing chances policy makers will be forced to adjust their tools to defend the floor.T he effective fed funds rate remains at 0.06%, within the Fed’s 0% to 0.25% target range, anchored by the offering yield on the Fed’s facility for overnight reverse...
Fed Officials, New Data, Start Lowering Expectations for U.S. Jobs in MayMay 21, 2021 - 12:11:52 PDT
Federal Reserve officials and new Dallas Fed data have begun lowering expectations for May jobs growth in the United States as business hiring plans continue to outrun the supply of people able or willing to work.
White House Makes $1.7 Trillion Infrastructure Counteroffer to Senate RepublicansMay 21, 2021 - 12:08:45 PDT
In order to trim the original $2.3 trillion plan down to $1.7 trillion, the White House would cut funding for rural broadband and for bridges and roads.
Add Existing Home Sales to the List of Missed Expectations
Lacy Hunt, chief economist at Hoisington Investment Management Co., argues that a growth in money supply does not necessarily create inflation if the velocity of money is low since the extra money supply remains trapped in the financial system.
Kennedy and his new brand of economists conducted a relentless campaign for easy money right from inauguration day.
But in gold, there is no reason to take profits until the day that we start running balanced budgets in the United States.
But in inflation, saying it is “transitory” is just a weasel word. The inflation of the 1970s was transitory. It was just a long transit.
May 21, 2021 - 08:34:54 PDT
Rep. Andy Biggs (R-AZ) wants Congress to declare the U.S. national debt a "threat to the national security of the United States" and to commit to "addressing the fiscal crisis." But he and most of the Republican lawmakers backing his resolution voted for the tax cuts in 2017 that helped exacerbate the problem.
Are borrowers and lenders taking on too much risk?
Treasury Department Gives Out $6 Billion to Assist Landlords & Renters. More Currency Is on the WayMay 21, 2021 - 08:18:10 PDT
All together, Congress has allocated more than $45 billion to clear up the enormous arrears racked up by renters after a year of historic unemployment.
Biden Administration Unable to Continue $300 Weekly Pandemic Unemployment BenefitsMay 21, 2021 - 08:01:49 PDT
The Labor Department has exhausted its options for continuing to pay an extra $300 a week in federal unemployment benefits to jobless people in the 22 GOP-led states that are ending them early, an administration official told CNN Thursday.
Bitcoin Falls Again After China Calls for Crackdown on Bitcoin Mining and Trading BehaviorMay 21, 2021 - 07:51:31 PDT
Bitcoin’s price tumbled Friday following an intensified call from Chinese authorities to crack down in mining of the cryptocurrency.
The turbulence in the commodity complex this week looks like a much-needed cooldown, if signals from the $6.3 trillion U.S. ETF industry are anything to go by. With an American economic revival underway, the frenzy for raw materials now accounts for more than half of the 20 best-performing exchange-traded products this year.
A rebounding economy and Trump-era tariffs have helped drive the price of domestic steel to record highs.