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China's 2021 Gold Demand Seen Reverting to Pre-Pandemic Levels - WGC OfficialApr 29, 2021 - 05:55:04 PDT
China's 2021 gold demand will see annual growth and will revert to pre-pandemic levels if there are no dramatic changes to the global economic and geo-political situation, a World Gold Council (WGC) official said on Thursday.
The trade deficit in goods lept to another record high in March as Americans continue to spend stimulus money printed out of thin air on products they didn't produce.The goods trade deficit surged 4.0% last month, hitting an all-time record of $90.6 billion. That tops the previous record of $88 billion set in February.
“And we prefer silver at the moment, which has got industrial applications as well. So with a very buoyant global economy, that’s another string to its bow.” Over the last year, gold has risen 4%, while silver is up over 70%.
Runaway Inflation Is the Biggest Risk Facing Investors, Leuthold’s Jim Paulsen WarnsApr 29, 2021 - 05:43:01 PDT
“Everyone looks at the policy that we put in place here as just so oversized and dramatic,” he said. “That takes us right back to the inflationary period of the 1970s.”
U.S. economic growth likely accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected to be the strongest performance this year in nearly four decades.
Fed Chairman Jay Powell said Wednesday that although some asset valuations appear “frothy,” he did not see any risks that may hurt the financial system.
Economic activity boomed to start 2021, as widespread vaccinations and more fuel from government spending helped get the U.S. closer to where it was before the Covid-19 pandemic struck.
. Is this all the growth that $2 trillion in stimulus can buy?
The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple Inc. and Samsung Electronics Co. in flagging production cuts and lost revenue from the crisis.In a dizzying 12-hour stretch, Honda Motor Co. said it will halt production at three plants in Japan; BMW AG cut shifts at factories in Germany...
Treasury yields rose on Thursday morning, ahead of the release of first quarter GDP data and the number of new jobless claims filed last week.
The Federal Reserve wrapped up its May meeting yesterday. Again, there were no changes in actual policy, leaving everybody to try to parse out meaning from the FOMC's statement and Jerome Powell's post-meeting press conference.When you boil it all down, it was pretty much the same song and dance from Federal Reserve Chairman Jerome Powell.
Apr 29, 2021 - 05:18:34 PDT
The study put excess mortality attributable to ambient air pollution at nearly 8.8m globally, of which nearly 6.5m were in Asia. That makes it among the largest, if not the largest public health risk in the world
Republican lawmakers in Tallahassee have voted 76-40 in favor of a House measure that bans vaccine passports, a measure the Democratic lawmakers opposed, accused Republicans of trying to push through an overt power grab bill that would take limit powers from municipalities.
World Gold Council's Accounting Suggests Global Silver Market Suffered A Quarter-Billion Oz Deficit In 2020April 29, 2021
According to the World Gold Council's accounting standards, the silver market DID NOT experience a record surplus last year as reported by Metals Focus Consultancy, which provides the analysis for the World Silver Surveys. During a recent interview on Kitco this week, Philip Newman, managing director...
Gold prices gained on Wednesday, as the dollar and U.S. Treasury yields eased after the U.S. Federal Reserve kept interest rates unchanged and re-affirmed its accommodative policy to support the economic recovery.
Since President Biden took office, he has presided over a massive stimulus spending bill, proposed another multi-trillion-dollar infrastructure plan, a huge investment into education, and recently issued an executive order raising federal contractor wages to a minimum of $15 per hour.
Workers Could Get 12 Weeks of Paid Leave Under Biden's Plan. Here Are the DetailsApr 28, 2021 - 12:37:40 PDT
Biden is calling for a paid leave policy that would compensate workers for 12 weeks while they took care of children or parents or healed from an illness.
Biden's $1.8 Trillion Plan to Help Families Would Retain Enhanced Obamacare Premium SubsidiesApr 28, 2021 - 12:27:47 PDT
The president wants the current two-year expansion of financial help available through the marketplace to become permanent.
Treasury yields are dramatically unchanged after The Fed's latest statement which recognized economic improvements but shrugged off inflation entirely leaving the outlook as dovish as ever.
Watch Live: Fed Chair Powell Trying To Explain How The Fed “Knows” Inflation Will Be “Transitory”Apr 28, 2021 - 11:27:14 PDT
The Fed is "trying to paint the picture" of control, but Gundlach tries to make clear: "they're guessing."