Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
ENERGY CLIFF COUNTDOWN: Indian Point Nuclear Plant Shut Down, Decommissioning Issues & Add More Fossil FuelsMay 1, 2021
After 58 years of operation on the Hudson Bay, the New York Indian Point Nuclear Plant shut down operations at its last unit yesterday. While many are applauding the shutdown of Indian Point, there are big troubles brewing due to the closure of the nuclear facility. One major issue that is not considered...
Every hour of every day, we’re bombarded by attempts to influence our behavior — what to buy, how to vote, what to click on next… And most of the time, we are completely oblivious to them.
The United States Mint reduced the household ordering limits to 10 each for their six upcoming products which celebrate the 100th anniversary of the production transition from Morgan dollars to Peace dollars.
Overall, central bank reserve managers boosted their holdings by 95.5 tonnes, the WGC said. This is down 23% from the 124.1 tonnes net purchases by central banks recorded in the first quarter of 2020. The WGC forecasts central banks will be net purchasers for the whole of 2021.
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Central banks around the world bought 272.9 tonnes of bullion in 2020.
This best daily proxy for global gold investment demand was stabilizing, which is a very-bullish omen for gold. Major gold uplegs are driven by big investment capital inflows into the yellow metal. These are first triggered by rising gold prices after correction bottomings, resulting from speculators buying gold futures. Eventually gold rallies long and high enough to start enticing American stock traders to return, to resume buying.
The Fed has enough on its plate with America’s economic recovery and should avoid mission creep, especially when it potentially results in a costly, complex and unnecessary overhaul of the CRA. They are one of the biggest, most powerful vehicles inside the beltway and should stay in their lane.
Why Your Grocery Bills Are Going Up (And Are Only Expected to Get Bigger)Apr 30, 2021 - 12:14:13 PDT
Before the pandemic, the number of Americans experiencing food insecurity had been steadily falling. That trend was reversed last year. You can thank the government.
Apr 30, 2021 - 11:21:19 PDT
According to the OCC’s most recent “Quarterly Report on Bank Trading and Derivatives Activities,” for the quarter ending December 31, 2020, equity (stock) derivative contracts at federally-insured banks and savings associations have exploded from $737 billion (notional or face amount) since the Wall Street banks last blew themselves up in 2008 to $4.197 trillion notional as of December 31, 2020. That’s a staggering increase of 469 percent in just 12 years.
Leon Cooperman Sees Stock Market Lower a Year From Now Due to Tax, Rate, Inflation PressuresApr 30, 2021 - 10:29:38 PDT
“Let’s face it. The market is facing the fact that taxes are going up, interest rates are going up, and inflation is going up. And we have a reasonably richly appraised market. So cyclically I’m engaged. But I got an eye on the exit,” Cooperman said in an interview on “Squawk Box.”
The U.S. government’s $40 billion sale of four-week bills on Thursday went off with a yield of 0%, the first time that has happened since March 2020, in the early months of the coronavirus pandemic. The Treasury also sold $40 billion of eight-week bills at 0.01%. Existing rules prevent issuing debt with negative yields at auction.
Insiders Selling Shares and Four More Bad Signs for the Bull Market, According to This StrategistApr 30, 2021 - 09:41:23 PDT
Deluard points out that the level of stock gains we are seeing now is unprecedented, with one exception: the Great Depression. After passing 4,000 points for the first time this month, the S&P 500 is on track to soon double its COVID-19 pandemic low of 2,237 points 14 months ago.
The International Monetary Fund (IMF) revised its global GDP forecasts and anticipates a strong economic recovery from COVID-19 in 2021 and beyond.
Behind Biden’s Big Spending Plans, the Waning Sway of Economic Caution: WSJApr 30, 2021 - 08:53:09 PDT
A generation of centrists who served Democratic and Republican presidents for three decades are exiting the stage, as the administration charts a new course on spending, deficits and inflation. The New Keynesians were chastened by the harsh lessons of the 1970s and early 1980s, which produced double-digit inflation and double-digit unemployment. They sought a middle ground between free markets and unwieldy government activism.
Dallas Fed President Spooks Stocks: "We've Got Real Excesses In The Housing Market", Rate Hike Needed In 2022Apr 30, 2021 - 08:35:11 PDT
Moments ago Dallas Fed's non-voting president (and former Goldman partner), Robert Kaplan, doubled down on the "bad Fed cop" angle and says "we’re now observing excesses and imbalances in markets."
“Avoid investing in those countries with a high level of socialist or government regulation of business. Business growth depends on a strong free-enterprise system.” — Sir John Templeton
Apr 30, 2021 - 08:17:23 PDT
For Biden, the pandemic has become a catchall justification for a slew of big-government programs that he and the Democratic Party already wanted to pursue.
"So what exactly is anyone’s 'fair share?' That’s a hard question, and it’s made harder still when people tasked with answering it do everything they can to avoid answering it. As long as this continues, calls for the rich to pay 'their fair share' will never end because, in light of the...
So, I’m not suggesting that you sell everything and head for the hills. Having said that, it’s a good idea to reduce your exposure to stocks, diversify with cash and gold and just bide your time.
While stocks are extremely expensive, bonds can not get "overvalued" as their value is a function of economic growth, wages and Inflation.