Precious metals are apparently waking up. And here is where you can find the best deals.
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The yield on the benchmark 10-year Treasury note advanced to 1.575% at 7 a.m. ET. The yield on the 30-year Treasury bond rose to 2.247%. Yields move inversely to prices.
The Global Chip Shortage Is Starting to Have Major Real-World ConsequencesMay 7, 2021 - 05:20:40 PDT
The severity of the global chip shortage has gone up a notch over the last few weeks and it's now looking as though millions of people will be impacted.
Cryptocurrency Investors Should Be Prepared to Lose All Their Money, Bank of England Governor SaysMay 7, 2021 - 05:19:04 PDT
When asked about the rising value of cryptocurrencies, Bank of England Governor Andrew Bailey said: "They have no intrinsic value."
Expect More Italian Bank Mergers in the Coming Months, CEO of Intesa Sanpaolo SaysMay 7, 2021 - 05:16:43 PDT
The ratings and analysis firm said that the large number of Italian banks, the relative size of the market taken by the top banks, and the need for digitalization increase the pressure on smaller lenders to consolidate with others.
In this video update Steve and I cover a lot of ground. We discuss the limits of growth in which our industrial civilization finds itself. And we show footage of the impact our world running on massive machines has on the environment. The conclusions we draw from all this might be eye-opening to some of our followers.
If we consider that silver was priced at $4.20 in late 2001, a 37x return would take it to about $155. However, I think this bull market could be an order of magnitude larger for a number of reasons, the main ones being debt, credit and money printing. As a result, I think silver's ultimate peak could be $300, and I won't rule out possibly even higher.
Gold jumped over 1% on Thursday with a weaker dollar and easing Treasury yields propelling it over the key $1,800 psychological level.
Silver-backed Exchange Traded Products (ETPs), increased almost threefold to 331 million ounces (Moz), surpassing 1 billion ounces of silver in 2020. Additionally, global physical silver investment (silver coin and bar purchases), grew 8 percent to 200.5 Moz, according to the World Silver Survey 2021, which was researched and produced by Metals Focus, the precious metals consultancy on behalf of the Silver Institute.
A growing number of Americans understand that the reckless creation of fiat currency by the Federal Reserve System is causing many of our economic problems. They want to abolish the Fed and return to the gold-backed currency that brought America and the world unprecedented prosperity throughout the 19th century.
First we saw comments from the Biden administration that it would likely follow former President Trump’s China investment ban policy. Then, SEC Chairman Gary Gensler told the House Financial Services committee that congress should consider regulating crypto exchanges.
Johns Hopkins Economist Steve Hanke: True Cost of Biden’s Spending Plans Could Be $17.1 TrillionMay 6, 2021 - 12:48:25 PDT
The whopping $6 trillion price tag on Biden's proposals from his first 100 days has raised many eyebrows about how a nation more than $28 trillion in debt can afford such a splurge.
But one prominent Johns Hopkins economist is warning that the true cost of Biden’s plans could be more than three times higher than advertised. Here's why.
Silver is spiking and billionaires are buying gold for the first time. Have we already seen Mike Maloney’s scenario of ‘short term deflation’ play out? Join our team in today’s must-watch video for the answer.
It's been a long time since inflation posed a potential problem for investors, and some strategists have some ideas how to defend a portfolio against it.
There is a risk of "Literal Printing", but QE is not that risk.
May 6, 2021 - 11:10:55 PDT
The CDC, citing public health grounds, had implemented the temporary halt on evictions, extending protections for millions of tenants who have fallen behind on their rent during the pandemic. But a series of conflicting lower court rulings has called into question the legality of the moratorium, creating uncertainty for landlords and tenants alike.
Warren Pushes Biden to Forgive Student Debt as White House Considers His Legal AuthorityMay 6, 2021 - 10:38:15 PDT
Biden is weighing whether to forgive up to $50,000 in federal student debt amid pressure from Elizabeth Warren and Chuck Schumer.
The Biden administration's plan to count on $700 billion over the next decade from enhanced IRS audits of the wealthy and corporations - a major source of funding for his economic agenda - is wishful thinking, and will probably take years to bear fruit at all, according to Bloomberg.
Anyone who believes the “rich” and large corporations will pay for $28 trillion in debt or the $2 trillion in new deficit has a real problem with math. Biden’s announcement of a massive tax increase on businesses and wealthier segments of the population simply makes no sense.
Investors See Risk of ‘Significant Overshoot’ of Fed’s Inflation Target for First Time in YearsMay 6, 2021 - 09:18:25 PDT
That is based on an assessment of the so-called breakeven inflation rate — or the difference between nominal and real Treasury yields — which has been rising steadily since collapsing at the start of the pandemic, the economists said in BofA Global Research report Wednesday.
The Brazilian real advanced after the central bank lifted its benchmark rate by 75 basis points and promised another hike of the same size next month in a renewed push to bring inflation back to target...