Precious metals are apparently waking up. And here is where you can find the best deals.
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A Record 34% Of All Household Income In The US Now Comes From The GovernmentApr 30, 2021 - 08:02:16 PDT
But while the change in the headline data was notable, what was far more remarkable was data showing just how increasingly more reliant on the US government the population has become.
Roaring ‘20s Economic Recovery? For Some It'll Be 'Grapes of Wrath,' Top Analyst WarnsApr 30, 2021 - 06:57:42 PDT
The anticipated economic boom following the coronavirus pandemic has been likened to the “Roaring ’20s” by some, but a top political analyst has stressed that not everyone will benefit from the bounce back.
U.S. Labor Costs Accelerate In the First Quarter, Further Evidence That Inflation Will Push HigherApr 30, 2021 - 06:46:53 PDT
Wages and salaries shot up 1.0% after advancing 0.8% in the fourth quarter. They were up 2.7% year-on-year. Economists expect wages will increase further in the second quarter as companies compete for scarce workers.
There was a lot of news and economic data that came out this week. The Fed held its April meeting. President Biden unveiled yet another tax and spend plan. And the Q1 GDP numbers came out. In this episode of the Friday Gold Wrap, host Mike Maharrey gives an overview of the week's news and draws a rather unsettling conclusion — this economy is totally jacked up.
China’s gold consumption soared 93.9% in the first three months from the same quarter a year earlier, recovering to pre-pandemic levels fuelled by strong demand for gold jewelleries and rising investment, the China Gold Association said on Friday.
Stimmies Spark Record Surge In Personal Incomes In March, Spending SpikesApr 30, 2021 - 05:39:13 PDT
...as more government handouts reached the hungry American consumer. Analysts were right as personal income exploded by a record 21.1% MoM (vs 20.3% exp) and personal spending soared 4.2% MoM...
Copper topped $10,000 a metric ton for the first time since 2011, nearing the all-time high set that year as rebounding economies stoke demand and mines struggle to keep up.Prices rose as much as 1.3% to $10,008 a ton on the London Metal Exchange, before slipping back to trade near unchanged
Apr 30, 2021 - 05:32:07 PDT
The yuan hovered at a 2-month high against an easing dollar on Friday, despite disappointing
data that showed Chinese factory activity growth slowed more than expected in April.
The U.S. dollar skidded toward a fourth straight weekly decline against a basket of major peers on Friday, as the Federal Reserve stuck to its message of ultra-low interest rates for longer.
The worst consequences would be for high-yield debt. After all, in 2020 we saw average junk bond yields blow out to double figures. The risk-to-reward ratio seems to have shifted too far the other way now.
U.S. President Joe Biden's plans to raise taxes on corporate America could put an end to a four-decade global drop in corporate taxation levels.
China's Factory Activity Growth Slows On Supply Bottlenecks, Soft DemandApr 30, 2021 - 05:23:23 PDT
China's factory activity growth slowed and missed forecasts in April as supply bottlenecks and rising costs weighed on production and overseas demand lost momentum.
European stocks fell slightly on Friday after data showed a contraction in euro zone economic growth in the first quarter.
The 10-year Treasury yield rose on Friday morning, as investors digested the strong economic growth data reported in the previous session.
Around the start of the year, Crescat Capital thought that silver was a great commodity to invest in. Crescat finished strong in 2020 to capture the top three spots in the Bloomberg News US hedge fund performance table for December.
Apr 29, 2021 - 12:58:18 PDT
He knew the place well. It’s near his home and, for years, he has rented a long, narrow box there to keep about $60,000 in cash, gold and silver. It also contained the title certificate for his pickup truck.
The Model S Plaid customized by Caviar retails for $299,999. A fully loaded Model S Plaid+ with every available upgrade, is $168,990. For a certain subset of buyers, even the most expensive Tesla may feel distressingly common. So, the folks over at Caviar, which typically creates customized iPhones, have worked some of their magic to turn the Model S into the Model Excellence 24K.
Modern Monetary Theory or MMT, as it’s better known, is a recurring theme that’s not likely to go away. However, there’s nothing modern about it, it’s not about money (it’s about currency), and it’s no longer a theory.
A huge £10,000 ($13,950) commemorative gold coin has been created in Britain that pays tribute to the "Queen's Beasts" -- 10 mythical creatures that represent her royal ancestry.
Bitcoin, Ethereum Face Huge $4.5BN In Friday Option Expiration: What To Expect Apr 29, 2021 - 12:50:53 PDT
We expect the continuing evolution of the crypto and crypto options markets to come with the ‘tail wags the dog’ options-driven phenomenon that has gripped the equity complex and look forward to watching it unfold.