Precious metals are apparently waking up. And here is where you can find the best deals.
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Rates for ships carrying commodities that fuel global industries and keep the world fed have soared, raising hopes of a turnround in fortunes for the embattled dry bulk shipping sector.
A technology-led selloff that started on Wall Street reverberated across the world as worries over inflation pushed investors to dump expensive stocks. Treasuries slipped with the dollar.The benchmark for European stocks tumbled the most this year, after the Asian gauge posted the biggest losses since March. Tech-heavy Nasdaq 100 Index futures...
Renewables Grew at Fastest Rate in Two Decades Last Year, IEA Says in New ReportMay 11, 2021 - 05:14:56 PDT
Renewable energy is becoming a larger part of the grid, and IEA said 2020's 45% jump in additions to poised to become the "new normal."
Morgan Stanley Upgrades U.S. Steel with Steel Prices near All-Time HighsMay 11, 2021 - 05:12:32 PDT
Morgan Stanley upgraded US Steel to overweight from equal weight, saying in a note to clients that the higher prices should lead to stronger cash flow.
As Biden Leads Infrastructure Talks, Odds of a Bipartisan Deal Look BleakMay 11, 2021 - 05:10:56 PDT
The clock is ticking on President Joe Biden's goal of getting congressional Republicans to back some, if not all, of his wide-ranging infrastructure proposal.
Futures contracts tied to the major U.S. stock indexes slipped Monday evening after a sell-off in Big Tech during the regular session.
U.S. Treasury yields were flat on Tuesday morning as investors await the release of job openings data.
Americans consume goods other people produce. As America offshored its manufacturing, it promised to supply the world with high-priced services and technology in exchange. But as it turns out, that promise never materialized.The ballooning overall trade deficit bears this out. It leaped to another record high in March, surging 5.6% month-on-month to a new worst-ever $74.5 billion. That was 52% worse than in March 2019.
The idea that Wind & Solar Power are going to replace the nasty fossil fuels of coal and natural gas is ABSURD at best. And, at worst, it suggests that we head over the ENERGY CLIFF much faster than if we ramped up Green Energy. While I realize that sounds crazy to the Green Movement, if we did any research...
May 10, 2021 - 13:00:53 PDT
Gold prices climbed on Monday, headed for a fourth consecutive gain, supported by a fall in the U.S. dollar to a roughly 2 1/2-month low, as well as some weakness in the stock market.
It will probably take “quite some time” for Federal Reserve officials to conclude the economy has made substantial progress following Friday’s disappointing jobs report, Chicago Fed President Charles Evans said. “I think we are going to have to see more strong employment numbers, and we’re going to have to see inflation,” Evans said...
Bond market expectations for the pace of consumer price inflation over the coming half decade surged on Monday to the highest level since 2006. The five-year breakeven rate, a measure based on the yield gap between inflation-linked debt and non-inflation securities, climbed as much as 3.4 basis points to 2.7327%, eclipsing a high from 2008.
Biden Urges Employers to Boost Wages, but Warns Workers They'll Lose Unemployment Pay If They RejectMay 10, 2021 - 12:51:05 PDT
Biden said his administration will distribute more coronavirus relief funds as it tries to spur hiring after a weak April jobs report.
Shocking Chart Shows Most Workers Now Make More On Unemployment Than From Their JobsMay 10, 2021 - 12:46:12 PDT
Almost a decade ago, we explained that America had become a bizarre kind of welfare state where, due to the premeditated vagaries of the tax code, hard work was punished.
S&P/Gold Ratio Was 2.3 in 1971, Right Before Gold Had a 9-Year Rocket RunMay 10, 2021 - 11:31:35 PDT
Today: S&P/Gold ratio.......2.3 - Buckle up for the next 9 in gold!
May 10, 2021 - 11:28:47 PDT
As you can see in the following chart, US financial conditions is at a local low (not surprising given that The Fed is printing money at a 24.24% year-over-year basis). Around the Covid breakout and Fed (over) reaction, Gold and Silver jumped and Gold subsided only to recently rebound.
For months, Wall Street investors have been fretting over inflation as the nation’s economy reopens from the pandemic. On Wednesday, the US labour department’s core consumer price index for April could provide the clearest evidence yet that those price pressures could become a mounting threat to the recovery.
May 10, 2021 - 10:31:32 PDT
"Biden’s '30 by 30' will likely become simply another pork barrel environmental program which deluges their friends and donors with subsidies. But there is no reason to expect 'America the Beautiful' to be less of a debacle than FDR’s farm programs, Eisenhower’s Soil Bank, or the Conservation...
The president is now calling on Congress to approve more than $2 trillion in spending on infrastructure and other projects, as well as $1.8 trillion in investments and tax credits aimed toward children and families.
Treasury Will Give States a Lot of Power to Decide How to Spend $350 Billion in COVID Relief FundsMay 10, 2021 - 10:13:49 PDT
Officials said that states and territories are not allowed to use the funding to offset tax cuts or make a deposit to a pension fund.