Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold steadied near the highest level in more than four months as investors assessed the minutes from the Federal Reserve’s April meeting that flagged the possibility of a debate on scaling back asset purchases.“A number of participants suggested that if the economy continued to make rapid progress toward the committee’s goals...
One of the major themes I've been operating under for the past several years posits that, due to passive investing's increasing popularity, opportunities outside of the major indexes should become both more prevalent and more attractive. In many respects, acting on this thesis has served me well.
A new battle cry is coming. Guess the date and amount.
As America's trade deficit explodes higher and the costs of offshoring supply chains mount, the apologists for globalization are out in full force, attempting to shout down reality with their usual specious claims about how amazingly wunnerful globalization has been for America.
Change is hard. Sometimes, talking about change is hard. But for anxious investors, even talking about talking about changes to the Federal Reserve's stimulus program proved difficult on Wednesday.
After a year of record-breaking cash injections, the world's big central banks are starting to ease off the stimulus pedal, forcing economies and financial markets to practise walking on their own again.
Treasury investors fretting about when the Federal Reserve will scale back its bond purchases may be missing the bigger picture: Its more than $5 trillion stockpile will make it a major force for years to come.The prospect of a pullback in buying edged a little nearer Wednesday when minutes of the Federal Open Market Committee’s April meeting showed...
Global shortages are driving German producer prices higher at the fastest pace since 2011 -- when the European Central Bank raised euro-zone interest rates to prevent surging energy and commodity costs causing broader inflation that harms the economy. This time is different, with policy makers determined to keep adding monetary stimulus to allow...
German producer prices rose by 5.2% year-on-year in April, the biggest increase in nearly a decade, data showed on Thursday, in a further sign that supply bottlenecks are leading to increased inflation pressure in Europe's largest economy.
Both The Fed And PBOC Want Inflation Surge To Stop, But What Can They Do?: Michael EveryMay 20, 2021 - 06:49:28 PDT
As we focus on the Fed, and prospective dot plots, can you also join the following market dots from the past 24 hours?
The price of silver is up over 70% year on year. Investment demand was at record levels during the pandemic, but industrial outtake plunged. As economies have opened up, industrial demand for silver has rebounded, helping to support rising prices. And there are reasons for continued bullishness on silver in the long term.According to a recent report from the Silver Institute, silver demand for printed and flexible electronics is forecast to increase 54% over the next 10 years.
We've been talking about the inflation threat for months. But the markets have been acting as if the real threat is the Federal Reserve trying to fight inflation by tightening monetary policy. With every bit of inflation news, gold has sold off. But after last week's hotter than expected CPI data, it looks like investors may be starting to see the light and realizing that the central bank can't fight inflation. Peter Schiff talked about this apparent pivot in a recent podcast.
Gold prices climbed on Thursday, aided by growing U.S. inflationary pressure, although gains were curbed as the dollar rebounded and U.S. Treasury yields rose.
Despite Claims Drop, There Are Still Around 16 Million Americans Of Some Form Of Government DoleMay 20, 2021 - 05:37:32 PDT
Despite the dismal payrolls print, initial jobless claims continue to slide back towards pre-COVID crisis levels, with a better than expected 444,000 Americans filing for first-time jobless benefits last week (despite 8.1 million job openings).
Bitcoin Tops $40,000 As Cryptocurrencies Attempt to Recover From Brutal Sell-OffMay 20, 2021 - 05:34:54 PDT
Bitcoin climbed back above $40,000 Thursday morning, as cryptocurrencies attempted a comeback from sharp losses a day earlier.
Unexpectedly weak job creation last month also masked a more muddled picture, and was driven by a drop in employment in temporary jobs, transportation and warehousing, and manufacturing.
Bonds aren’t working as a safe haven like they used to.On a day when risk aversion swept across everything from stocks and commodities to crypto currencies, Treasuries barely budged. In fact, the S&P 500 and 10-year Treasury futures haven’t been so positively correlated since 1999, with the 60-day metric reaching 0.5 on Wednesday.
China’s cabinet increased its rhetoric around surging commodity prices, announcing more specific steps to curb markets in order to keep inflation pressures at bay.At a meeting chaired by Premier Li Keying Wednesday, the State Council said more effort needs to be taken to prevent rising commodity prices from being passed through to consumers...
China said on Thursday a U.S. warship had illegally entered its territorial waters in the South China Sea, and was expelled by its forces, an assertion the United States denied, in the latest exchange of salvos over Beijing's claims in the busy waterway.
Energy Expert Dan Yergin Says the U.S. Is Looking for a Way to ‘Peel Russia Back’ From ChinaMay 20, 2021 - 05:21:15 PDT
The U.S. wants Russia to pivot away from China, and may be showing flexibility on sanctions as an "olive branch," according to Daniel Yergin of IHS Markit.