Precious metals are apparently waking up. And here is where you can find the best deals.
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By and large, the mainstream is bullish on the economy. According to conventional wisdom, we are in the midst of a robust recovery. In fact, many people out there believe the Fed is going to have to tighten monetary policy sooner rather than later. But there are a few people in the mainstream who seem to have caught a glimpse behind the veil. Former JP Morgan managing director Jon Deane told Kitco News that we're sitting on an economic cliff. And because of that, Deane is extremely bullish on gold and silver.
Gold prices were little changed on Tuesday, ahead of the U.S. Federal Reserve's monetary policy meeting.
The FOMC decision is on Wednesday. Former PIMCO co-head Mohamed El-Erian is out with a Fed preview. He urges the FOMC to follow the Bank of Canada by tapering QE and pulling forward the timeline for hiking rates but he doesn’t think that will happen...
Apr 27, 2021 - 05:46:35 PDT
The central bank’s President Christine Lagarde stresses that negative interest rates “support companies and people in the eurozone.”
The Bank of Japan projected on Tuesday that inflation will fail to reach its 2% target during its governor's term through early 2023, as fresh curbs to combat a spike in COVID-19 cases overshadow the boost to growth from solid global demand.
Here's Why Tax Flight Could Become a Harsh Reality for States That Are Raising TaxesApr 27, 2021 - 05:36:53 PDT
The unusual nature of the Covid-19 crisis has left wealthy individuals with unprecedented flexibility to work from anywhere, leading some to consider abandoning their homes in high-tax locations. Though available data tells otherwise, some analysts say tax flight would create a harmful trend for state revenues.
UBS reported an unexpected $774 million loss from the collapse of Archegos, taking the total hit to banks from the stricken family office beyond $10 billion.
President Joe Biden will issue an executive order to boost pay to $15 an hour for federal contract workers, according to senior White House officials.
U.S. Treasury yields climbed on Tuesday morning, ahead of the Federal Reserve's two-day policy meeting, due to kick off later in the day.
If you think inflation is already blistering hot - as most companies and survey respondents clearly do - and the worst case been largely priced in, with little inflationary upside left, think again.
If Fed Powell Sounds ‘Too Optimistic' This Week, He'll Rattle Wall Street, Morgan Stanley WarnsApr 27, 2021 - 05:21:57 PDT
Morgan Stanley's Matt Hornbach sees enthusiasm as the biggest wild card at the Federal Reserve policy meeting.
What Investors Should Expect to Hear From the Federal Reserve on WednesdayApr 27, 2021 - 05:19:14 PDT
“They’re running out of time,” said Mark Zandi, chief economist at Moody’s Analytics, adding the Fed needs to slow its asset purchases. “The economy is busting out all over.”
The Fed Will Stay Put In 2021 Despite Growing Concerns About Overheating EconomyApr 27, 2021 - 05:17:18 PDT
Wall Street forecasts the Fed won't reduce its $120 billion of asset purchases until January, three months later than predicted in CNBC's March survey.
U.S. vaccination pace slows as average daily cases drop below 60,000.
Most people view the Federal Reserve as an important policying-making body driving the economy. But in this clip from an interview with Jay Matin at Cambridge House, Peter Schiff says the Fed's primary role is that of a marketing firm selling the populace on bad economics and trying to convince everybody that everything is great.Peter said he thinks a large part of the Fed's job today is public relations and spin.
Was there a record silver surplus last year as stated by a Metals Focus Analyst on Kitco?? Many silver investors are now puzzled by this claim that the silver market was in a large surplus, even though there was record physical and ETF silver demand. In my newest update, I explain why I disagree...
Three reasons why silver is heading for a new all-time high.
Gold futures begin the week with a modest move higher Monday, recouping just over half of what they lost in Friday's trading session, as traders look ahead to a meeting of Federal Reserve policy makers.
This year has marked the first time ever that trust in news media dropped below fifty percent in the United States, continuing a trend of decline that’s been ongoing for years.
Goldman Is Last Big Bank To Turn Bearish, Sees Market Dropping In Coming MonthsApr 26, 2021 - 12:39:02 PDT
Assuming Goldman is right, this is great news for the top 1%... it's just further testament however that the record class, wealth and income divide between the haves (the 1%) and the have nots (everyone else) is about to get even greater.