Precious metals are apparently waking up. And here is where you can find the best deals.
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U.S. stocks declined sharply on Wednesday, led to the downside by technology shares as key inflation data showed higher-than-expected price pressures.
Insider Alert - Mike Recently Made Some Significant Changes to His Investment PortfolioMay 12, 2021 - 10:08:21 PDT
Mike Maloney recently made some significant changes to his investment portfolio. Find out what it was that Mike bought, sold, and which new sector he plans to enter in today’s Insider Action Alert.
Today, I will present signs to watch for that may indicate if a significantly higher level of inflation is, in fact, approaching.
it’s impossible to tell how large the spike in inflation will be, or how long it ought to take the economy to get through it.
Biggest Rise In Consumer Prices In More Than A Decade Is Understated By Half May 12, 2021 - 09:16:34 PDT
Inflation cycles feed on easy money: so the odds increase with each passing day that the new inflation cycle will not prove to be "transitory".
While the reflation debate rages, traders are acting. They’re running their biggest short positions against junk bonds for more than a decade.
The U.S. Justice Department is assessing whether it is positioned to combat the rise of violent extremism inside the U.S., which the FBI warns now surpasses foreign-linked terrorism as the greatest and most lethal threat facing the country.
May 12, 2021 - 08:30:36 PDT
The ruling slams the door on the NRA's attempt to use bankruptcy laws to evade New York officials seeking to dissolve the organization. In his decision, the federal judge said that "using this bankruptcy case to address a regulatory enforcement problem" was not a permitted use of bankruptcy.
Last Friday, the U.S. Chamber of Commerce Called for End to Extra $300 a Week in Unemployment Benefits.
And they’re joined by the IPO hype-boom stocks, including the spectacularly hyped highflyers that got shot down, such as Zoom (-49% from peak), Coinbase (-29%), or Airbnb (-35%), and they’re in turn joined by the ARK Innovation ETF (-34%). This whole thing has come unglued.
May 12, 2021 - 08:05:14 PDT
When the motherlode of stock market bubbles finally pops, exposing the corrupt edifices on which it was built, you can count on one thing for sure – there will be lots of testimony before Congress that no one could have seen it coming.
Even central bankers are starting to wonder why they’re adding $40 billion of housing debt every month.
Inflation is a controversial and complex topic. This article looks at 150 years of data across multiple countries to provide a general idea of what inflation is, what to look for, and how to invest with inflationary and deflationary risks in mind.
May 12, 2021 - 07:30:09 PDT
Jamie Fahy from Citigroup says inflation is flashing red and the Fed has fallen "behind the curve". Money is being printed to fund government spending that goes directly into the veins of the economy, or for transfers to poorer Americans with a higher propensity to spend. To all intents and purposes it is helicopter money. The character of QE has self-evidently changed.
“Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.” – Ben Bernanke, outgoing Fed Chairman 2014
Commodity prices hit all-time highs. Gold price is dragged down, trading around $1,830. However, a big miss on US CPI may drive XAU/USD above the 200-day moving
“Gold has a better track record of predicting economic developments than any other asset class”…
Gold demand in the technology sector was up 11% year-on-year, coming in at 81.2 tons in the first quarter of 2021.According to the World Gold Council, the strong growth was partially due to comparison with relatively weak tech demand in the first quarter of 2020, as governments began shutting down economies in response to the coronavirus. But comparisons with Q1 2019 and Q1 2018 suggest that demand has recovered quite quickly and is now at more typical Q1 levels.
A Growing Deflationary Hurricane Is Churning and a Massive Inflationary Front Is SurgingMay 12, 2021 - 05:38:11 PDT
Despite such extraordinary circumstances, the level of confidence in economic and market forecasts is remarkably high. Such confidence should be a concern.
As a reminder though, there is nothing to see here, Fed is focused on jobs, not inflation which is "transitory"... forget about your crumbling cost of living... as real wages crash...