Precious metals are apparently waking up. And here is where you can find the best deals.
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Markets continue to reel: “Risk crumbles”, says Bloomberg. Why? Because there is a plaintive plea from everyone from the Fed and the Treasury down to simple peddlers of exotic derivatives: please don’t make us look at the inflation! Yes, it’s US inflation-data day - and nobody wants to see any.
Tech Wreck Goes Global - Taiwan Stocks Trounced In Biggest Crash In 54 Year HistoryMay 12, 2021 - 05:32:14 PDT
The tech-heavy $2 trillion market cap Taiwan Stock Exchange Index crashed almost 9% overnight - its largest single-day drop in the exchange's 54-year history.
The Biden administration moved Tuesday to ease gasoline shortages caused by a ransomware attack on the nation’s largest pipeline network, as concerns grew that spiking fuel prices and supply disruptions could hinder travel while the nation emerges from the coronavirus pandemic.
Over and over again, Federal Reserve officials have advised that any pickup in inflation this year was bound to be transitory. Traders in financial markets, however, aren’t so sure.Investors have become fixated on widespread signs of price pressures as commodities like copper and lumber surge to records, and the bond market’s expectation...
Lawmakers under pressure to act as low supply pushes home ownership beyond reach of younger Canadians
U.S. stock futures slipped, pointing to the Dow extending its decline a day after its biggest drop since February, as investors awaited fresh inflation data that could test their appetite for shares and bonds.
U.S. Treasury yields dipped early on Wednesday, despite an anticipated jump in inflation for April.
A brief drop in mortgage interest rates sent some borrowers rushing to their lenders to see if they could get any savings.
America's labor market is a mess and riddled with incongruency.On the one hand, businesses can't find workers. Help wanted signs hang in windows across the country. A McDonald's franchisee in Tampa is offering bonuses just for showing up for an interview.Meanwhile, unemployment just ticked up to 6.1%.In what kind of world does this make sense?
Coronavirus Latest: ‘CDC’s Credibility Is Eroding’ Amid Conflicting Mask Guidance, Ex-obama OfficialMay 12, 2021 - 05:12:35 PDT
“I think the CDC’s credibility is eroding as quickly as the cases of coronavirus are eroding,” said Patel on CNBC’s “The News with Shepard Smith.” “That’s not good news, because, we do need workplace guidance, we need school guidance.”
It seems that many markets are in the final stages of their respective topping patterns. In this video we look at some of them and try to analyze what's coming next. We focus on the metals, especially Palladium and Silver, as well as on the broader stock markets and, finally, on cryptos. There are a lot of good opportunities coming up that our followers might be interested in.
This is an important Silver & Gold update explaining the difference between the short-term technicals and the longer-term bullish fundamentals. While I include gold in this update, I focus mostly on silver because I believe it will totally surprise the market in the future. Sure, gold will always be the king monetary metal...
May 11, 2021 - 13:03:21 PDT
The Central Banks of the World – Russia and China both perhaps excepted – are all members of an International Club of Central Banks. This Club is run according to the rules dictated by the BIS, the Bank for International Settlements, located in Basel, Switzerland.
Spot gold rose 0.2% to $1,839.74 per ounce by 1051 GMT, after hitting its highest since Feb. 11 at $1,845.06 on Monday.
We are about to see “non-transitory inflation,” according to Bianco. His words were chosen carefully to oppose Fed Chair Jay Powell’s statement on April 28 that the U.S. would face only “transitory” inflation.
The bizarre phenomenon of a screwed-up labor market.
But Brainard threw some cold water on the celebration, saying that the weaker-than-expected April job report was a reminder that “the path of reopening and recovery is likely to be uneven and difficult to predict.”
We’ve reached a point now where anyone who can’t see inflation is clearly not paying attention. Inflation has now become so ridiculous that, according to the Wall Street Journal, even the price of a…
Biden Says Big Unemployment Benefits Not Responsible for Biggest Jobs Report Miss in History. WrongMay 11, 2021 - 11:14:35 PDT
President Biden was on the defensive Monday following the worst miss in the history of the jobs report. “There’s been a lot of discussion since Friday’s report that people are being paid to stay home rather than go to work," Biden said. “We don’t see much evidence of that.”
Take a look at the stock market during the 1970s. A high consumer price inflation environment is not "good" for stocks.