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Over $200 Billion Wiped Off Cryptocurrency Market in a Day as Bitcoin Plunges below $50,000Apr 23, 2021 - 05:30:46 PDT
Bitcoin and other digital currencies plunged on Friday as a proposed capital gains tax hike from U.S. President Joe Biden led to a wave of selling.
Apr 23, 2021 - 05:17:08 PDT
President Joe Biden is expected to raise long-term capital-gains tax for the wealthiest Americans to 43.4%, including a surtax. That would be higher than the top federal tax rate on wage income.
10 year Treasury rates peaked at the end of March at 1.74% after having risen from low of just 0.56% back in the summer of 2020. Now, the rate stands at 1.57% even as economic data continues to come in smoking hot and policy remains...
Treasury yields rose slightly on Friday morning, with investor focus on President Joe Biden's capital gains tax proposal.
If we thought the shortages of semiconductors were causing havoc on many sectors of the global economy, now it's a shortage of plastic. Since the pandemic shutdowns, the global economy is still struggling to get back to some sort of normalcy, it that is ever possible again. According to the plastic industry...
A long time ago, in a galaxy far, far away…silver was free to trade without manipulation or intervention. Could the latest effort to create a ‘silver squeeze’ be a Force to be reckoned with? Join Mike Maloney, Jeff Clark and Adam Taggart to get both the light and dark side of the equation.
Apr 22, 2021 - 13:07:54 PDT
According to historian and metal-detector enthusiast Jim Bailey, the handful of 17th-century Arabic coins unearthed at sites across New England could be remnants of an infamous pirate's last big score—or, to put it another way, money stolen from a ship full of religious pilgrims during a horrific mass murder at sea.
One notable exception was physical investment. A growing appetite for safe haven assets and, initially, the strength of the gold price all boosted investors’ appetite for silver bars and coins last year, culminating in an 8% rise overall. Investment in other arenas also experienced a vintage year in 2020,
Inflation, Deflation, Bailouts & Tax Increases! What Should We Expect?: Miller on the MoneyApr 22, 2021 - 12:53:36 PDT
What is happening is unprecedented! Two multi-trillion-dollar bailout packages in less than a year and a third in the works.
Globally, just under 950M shots have been given worldwide, though in more than 130 developing nations, not a single jab has been delivered.
Gold futures finished lower Thursday for the first time in three sessions, after pushing to a nearly two-month high a day earlier, as investors weighed surging COVID-19 cases particularly in Asia. “After two straight days of gains, the gold bulls are pausing for breath around $1,790,” said Sophie Griffiths, market analyst at Oanda, in a note.
Bitcoin Whale Watching: This Metric That Called the 2017 Top Is Now Flashing RedApr 22, 2021 - 12:23:05 PDT
Current profit-taking behavior suggests that the Bitcoin market is on the verge of turning bearish.
U.S. Mounting Debt Load Caps Room for Fed Interest Rate Rises, Analyst: MWApr 22, 2021 - 12:08:03 PDT
The U.S.’s mounting debt load may warrant investors to rethink their expectations for liftoff from easy monetary policy. U.S. non-financial debt to GDP has more than doubled over the last three decades
Bloomberg News reported Thursday afternoon that Biden is planning a capital gains tax hike to as high as 43.4% for wealthy Americans. The proposal would hike the capital gains rate to 39.6% for those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter.
Finally, the amount of global market capitalization that has reported a negative profit number in the last year and in each of the last three years is higher than at any point during the past 22 years, and has even surpassed the dot com bubble.
The effort to make Washington, D.C., the 51st star on the U.S. flag has never had more support. But the measure's fate in the Senate is uncertain.
Apr 22, 2021 - 10:44:41 PDT
Wall Street’s main indexes hit session lows on Thursday, after a report said President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6%.
It's the showdown that everyone has been waiting for. Gold financier Frank Giustra versus MicroStrategy CEO Michael Saylor in the ultimate gold vs bitcoin battle. Our Daniela Cambone moderates.
Apr 22, 2021 - 10:12:14 PDT
The Arkansas Senate just overwhelmingly approved a bill which helps Natural State citizens protect themselves from federal dollar devaluation.
Apr 22, 2021 - 10:04:15 PDT
The threat of higher US taxes, combined with other factors, could produce a sharp rise in the number of Americans seeking to give up their citizenship, an advisor working in the space says.