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Treasury yields fell on Thursday morning, following hints from the Fed that it might taper its asset purchases if the economy continues to recover rapidly.
The moves in futures followed a roller-coaster session on Wall Street triggered by a sudden drop in bitcoin price.
Americans purchase a great deal more silver bars and coins than they do gold.  How much?  Actually, it turns out to be quite a bit.  This shouldn't be a surprise because Americans were the largest silver bullion investors in the world last year and purchased the largest amount over the past decade...
Because our John Deere Short Trade has done quite well for us, we are holding onto the stock through the company's earnings release tomorrow morning.  Typically, it's not wise to hold a short-term trade through earnings, as it's a gamble in which direction the stock will move after the news hits the market...
    Who Really Owns America's Gold? PART 2...$50,000?!
May 19, 2021 - 13:02:30 PDT
Part 2 of Mike Maloney’s investigation into “Who Really Owns America’s Gold?” is here. Join Mike as he explains the process and sleight of hand involved in accounting for the gold of the United States, and brace yourself for the ending.
Silver demand for printed and flexible electronics is forecast to increase 54 percent, from 48 million ounces (Moz) in 2021 to 74 Moz in 2030, consuming 615 million ounces for these applications during the 10-year timeframe, as this market continues to mature and expand...
    Shining a Spotlight on Solar in China
May 19, 2021 - 12:59:39 PDT
The sun is of course a remarkable source of energy—every 90 minutes it provides enough energy to power all of humanity’s needs for an entire year. However, cost and conversion inefficiencies (the amount of power generated from a given amount of sunlight) mean that only a fraction of sunlight has been effectively harnessed and distributed—that is, until now.
A Federal Reserve chairman who’d voiced satisfaction with the course of monetary policy the previous year. A sharply accelerating economy with an inflation rate that’s been below 2% for years. 2021? No, 1965, a year that marked the start of a years-long climb in...
The European Central Bank says risks to the stability of companies, banks and financial markets remain “elevated” due to the uneven impact of the pandemic on the economy, warning that the eventual removal of relief measures could lead to a surge in bankruptcies.
    Janet Yellen Sells Big Business on Big Government
May 19, 2021 - 12:42:23 PDT
The treasury secretary told the Chamber of Commerce that an activist government funded by higher corporate taxes would be a boon for business too.
In today's FOMC Minutes there was a brief section that received little focus amid the broader analysis of the Fed's tapering, inflation language, yet which could be far more important in coming weeks in light of the violent move higher in overnight reverse repo usage.
The Tax Cuts and Jobs Act reduced taxes for many individuals and households. But its provisions are scheduled to lapse after 2025.
Boston’s comments are in direct response to former Treasury Secretary Larry Summers, who on Tuesday said the Fed seemed to be purposely ignoring the risk of overheating and that this stubbornness could ultimately damage the economy. Officials only had “to walk outside” to see a booming labor market, Summers said.
Since the April 28th FOMC Statement, gold has been the best performing asset, surging 6%, as bonds, the dollar, and stocks are all lower...
Randal K. Quarles, the Federal Reserve’s vice chair for supervision, said that the Fed needs to balance risks and that slowing down the recovery early would be a bad idea.
The St. Louis Fed president says he believes the job market is stronger than data suggest.
    Fidelity: 13- to 17-Year-Olds Can Trade Stocks
May 19, 2021 - 10:47:54 PDT
Fidelity today said 13- to 17-year-olds can trade stocks using an account in teens' full control once it's opened by a guardian. It's an industry first — and other brokers could follow.
From warehouses to oil fields, artificial intelligence, robots and advanced software are leaving a mark.
    Is a Fourth Relief Payment in the Works?
May 19, 2021 - 10:21:38 PDT
A fourth stimulus check is still possible, with the third round of economic relief payments wrapping up. Over 165 million payments of up to $1,400 per person have been sent out since the American Rescue Plan passed two months ago. Another million paper checks and EIP cards were sent out last week...
Yet, nowhere in the analysis of current inflation does the Fed link the explosion of money to inflation.