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NEWMONT VS. BARRICK: Why Newmont's Share Price Greatly Outperformed Barrick Since Q4 2020May 18, 2021
Many precious metals investors are puzzled as to why Newmont's share price outperformed Barrick's over the past half-year. Both Newmont and Barrick enjoyed record profits as the gold price reached new highs last year and continue to do so in 2021. So, why has Newmont's share performance increased by 27% more...
Spot gold added 1.3% to $1,867.53 an ounce by 2:02 p.m. in New York, after earlier reaching $1,868.49, the highest since Feb. 1. Futures for June delivery on the Comex rose 1.6% to settle at $1,867.60 an ounce. Spot silver, palladium and platinum also advanced. The Bloomberg Dollar Spot Index fell 0.2%.
After updating my macro-market outlook report for subscribers, I realized something about Gold. On a historical basis, it remains incredibly cheap. It may
Biden Wants a Global Minimum Tax to Offset His Proposed Huge Corporate Tax IncreaseMay 17, 2021 - 12:54:37 PDT
In the classic 1939 film, The Roaring Twenties, a desperate James Cagney tells Priscilla Lane, “You want the Brooklyn Bridge, all you gotta do is ask for it.
The Fed has created trillions out of thin air to boost the speculative wealth of Wall Street, but it can't print experienced workers willing to work for low wages.
Inflation is the increase in the price of products over time. … Sometimes inflation runs high, and other times it is hardly noticeable. The short-term changes aren’t the real issue. The real issue is the effect of long-term inflation.
Small may not necessarily be beautiful, but there are scientific reasons that big is often bad.
In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades. (emphasis mine)
The U.S. dollar found pockets of support in Asia on Monday, but struggled to post gains, as investors are heavily positioned for it to fall further while the U.S. Federal Reserve holds interest rates low and U.S. trade and current account deficits grow.
Billionaire bond investor Jeffrey Gundlach, founder and CEO of $135 billion DoubleLine Capital, says, "the Fed has been manipulating markets for a long time," and on top of that, valuations have crept up thanks to "incredible amounts" of stimulus.
Satori Fund founder Dan Niles is warning that inflation might force the Fed's hand into sparking a 20% market collapse.
May 17, 2021 - 10:26:31 PDT
The biggest threat to the economy is the Federal Reserve’s monetary expansion to fund government spending despite warning signs of rising inflation.
May 17, 2021 - 10:22:38 PDT
"After a decade or more of economic and financial events that put central banks under heavy strain – financial collapse, a slow and timid recovery, the pandemic – strange things are again amiss in financial markets. Broda and Druckenmiller are right to say that 'the Fed seems to be fighting the...
The secret is out. It can no longer be denied and it’s up to each and everyone of us to help bring the secret to the forefront of public awareness. For the mainstream financial media won̵…
China's Credit Impulse Just Turned Negative, Unleashing Global Deflationary ShockwaveMay 17, 2021 - 09:14:03 PDT
The credit tsunami unleashed in 2020 to offset the covid shutdowns is fading fast, local economic growth is fading fast and the deflationary shockwave triggered by China's shrinking credit impulse is about to sweep across the globe.
Homebuilder Confidence Is High, but Rising Costs of Materials Present Major RisksMay 17, 2021 - 09:12:20 PDT
Strong buyer demand is keeping homebuilders confident, but rising construction material costs are weighing on housing affordability.
Fed's Bostic Says There's No Reason to Change Policy despite Inflation FearsMay 17, 2021 - 09:07:51 PDT
Atlanta Federal Reserve President Raphael Bostic said he's comfortable with ultra-loose policy even as inflation gains steam.
May 17, 2021 - 09:01:42 PDT
The real interest rate is -4.09%. Adjusted for housing prices, the real interest rate is even more negative.
Home prices are soaring. No, it's not a shortage.
Free money has led to a consumer splurge. Let's investigate with a pair of charts.