Precious metals news

We've been talking a lot about the specter of inflation. Despite the Fed's assurances not to worry because any price increases we're seeing are transitory, some people are indeed worried. A former JP Morgan managing director warned about inflation and echoed Peter Schiff's view that the central bank is powerless to fight it.
And we're seeing rising prices all over the place, from the grocery store to the gas station. Even the government numbers flash warning signs. But as Peter Schiff explains in this clip from an interview with Jay Martin, it's probably even worse than we realize because the government cooks the numbers when it calculates CPI.

ExxonMobil is counting on using SuperFracks to increase its Permian shale oil production... or that's the hope.  This is a terrible sign because these SuperFracks may add more production on the front end, but the decline rate at the backside is much more severe.  As ExxonMobil pumps in a record amount of fracking sand...

Silver led gains in precious metals as the dollar dropped and a report showed U.S. manufacturing cooled in April, boosting demand for haven assets. A gauge of factory activity fell in April from a more than 37-year high a month earlier, according to data from the Institute for Supply Management released Monday. Treasuries climbed to session highs...

The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States.

The EU Parliament threatens Russia with SWIFT expulsion. If Iran could survive it in a world without Bitcoin who is really threatening whom?

As measured by GDP, the Covid-19 recession will soon be over assuming it isn't already. But that is not the deciding measure.

"Swindles are a response to the appetite for wealth (or plain greed) stimulated by the boom." -Charles P. Kindleberger

Reading Jonathan Culbreath’s “Modern Monetary Theory for Conservatives” one can’t help but think of Murray Rothbard’s quip that “it is not a crime to be ignorant of economics … but it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.“

Federal Reserve Chairman Jerome Powell on Monday gave a sneak peak at new data that clearly shows how “those least able to bear the burden” of the pandemic were hit the hardest.

Treasury Secretary Janet Yellen has tapped Federal Reserve official Michael Hsu to serve temporarily as one of the nation’s top bank cops, according to two people familiar with the matter, the latest development in a contentious personnel fight.

The White House says cracking down on tax cheats will generate $700 billion over 10 years to help offset a $1.8 trillion expansion of welfare programs.

It’s official, inflation is now deeply embedded in the financial system. You see, inflation arrives in stages. It’s not as though it appears overnight and suddenly the cost of everything rises. Instead, inflation slowly works its way into the financial … Continue reading →

Now, US rents are beginning to move higher. Median US asking rent rose 1.1% on an annual basis in March to $1,463 a month across 50 of the largest metro areas, according to WSJ, citing a Realtor.com report.

So Powell finally used the F word: Froth. Being non specific though as one would expect and being super careful as to not overtly link monetary policies to the said froth we can note some faint sen…

March 31 gave us a statement on the American Jobs Plan, and April 28 saw President Joe Biden speak on it to the American people (well, roughly 8 percent of the American people).

Federal Reserve Chairman Jerome Powell will deliver an address on the economy Monday.The event is scheduled to begin at 2:15 p.m. ET. Watch the live video above.

The average price of a gallon of regular gas in the Beverly Grove area on Saturday was $4.99 and $5.99 for premium.

Home buyers and renters are bearing the brunt of rising wood costs, while sawmills are poised for another quarter of big profits.

The Venezuelan government increased the monthly minimum wage by 289%, an official said on Saturday, moving from the equivalent of 64 U.S. cents to about $2.40 at the exchange rate estimated by the country's central bank.

Former Fed chairman and current Treasury Secretary was pumping Biden's $4 trillion socialist program on Sunday.