Precious metals are apparently waking up. And here is where you can find the best deals.
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'If the central bank scales back its purchases of $80 billion of U.S. Treasuries and $40 billion of mortgage-backed securities each month, wouldn’t that lack of support push yields higher? History suggests that’s not the case.'
The expenditures component of the Cass Freight Index posted its third all-time record in the past four months in March, and was 27.5% above year-ago levels, surging from 16.9% y/y growth in February.
Interested in the gold market, but not sure how to get started or what any of it means? Here’s a quick overview of the gold market to enable you to begin investing. If you have a specific question, these quicklinks will help you get to your topic faster.
Government is always limited to how much it can tax the people directly. People will ultimately rebel against high taxes. So, as a workaround, a monopoly was granted to The Federal Reserve. If the government wants money, The Fed can just print it. The people will still pay for this, of course, but not directly. They'll pay when they see rising prices in the marketplace.
Apr 16, 2021 - 09:43:27 PDT
Chinese gold ETF total holdings stood at 72.4t (US$3.9bn; RMB25.8bn) as of March, 5.3t (US$287mn; RMB1.9bn) higher m-o-m. In tonnage terms, Chinese gold ETF holdings set a new record in March and in value terms, the second highest.
To understand where the stock market may be heading, a Nobel laureate examines the pop culture of one of the greatest bull markets in history.
Bloomberg and Google news trends show reflation headlines are everywhere. Widespread coverage is typically a sign that trends are starting to exhaust and that markets are due for a period of consolidation, before the next leg higher Our growth and liquidity LEIs remain very positive. While we don’t want to be contrarian for contrarian’s sake, […]
Gold climbed to the highest since February amid a retreat in bond yields and a report that top buyer China may import more of the metal.A fter weeks trading in a narrow range, gold has advanced as Treasuries and the dollar head for weekly losses.
S&P 500 Edges Higher to Another All-Time High, On Pace for 4th Straight Positive WeekApr 16, 2021 - 08:10:13 PDT
The blue-chip Dow rose 300 points to top the 34,000 milestone amid blowout economic data.
The short-term inflation outlook isn't as grim as it looks, but the long-term situation could be awful
UMich Sentiment Disappoints In April, Inflation Expectations Spike To 9-Year HighApr 16, 2021 - 07:37:22 PDT
Despite stimmy checks and soaring stocks and vaccination successes and COVID case collapse, preliminary April data from UMich sentiment survey fell short of expectations.
The Retail WTF Charts of the Year, Powered by $1,400-Stimmies and Massive Price IncreasesApr 16, 2021 - 07:27:16 PDT
The government better not ever stop dousing consumers with free money.
Here's a couple month look ahead at what I expect for the CPI.
Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In BullionApr 16, 2021 - 06:58:39 PDT
Perhaps Peter Thiel is right... and bitcoin is the trojan horse to attack the dollar and make way for a gold-backed yuan?
China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support gold prices after a months-long decline. China is the world’s biggest gold consumer, gobbling up hundreds of tonnes worth tens of billions of dollars each year...
The move saw Bitcoin's price fall over 3% to $61,379 (£44,670) in morning trade in London.
Coinbase Global Inc. eased in premarket trading as the stock seeks to establish a level after the volatility that followed Wednesday’s direct listing.The stock traded at $321 as of 5:23 a.m. in New York, down less than 1% from Thursday’s closing price of $322.75. Bitcoin also declined. Some in the market are struggling to place a value...
US Housing Starts Rebound To Highest Since July 2006, Rental Permits TumbleApr 16, 2021 - 05:45:51 PDT
It would appear homebuilders are shifting away from 'rental nation'. Are soaring, record-high lumber prices stalling the optimism of homebuilders going forward?
Morgan Stanley became the latest bank to get swept up in the implosion of Archegos Capital Management, reporting $911 million in total losses related to the debacle. “The current quarter includes a loss of $644 million related to a credit event for a single prime brokerage client, and $267 million of subsequent trading losses through the end of...
Lai Xiaomin, former chairman of China Huarong Asset Management Co., was found guilty of accepting $277 million in bribes, as well as bigamy, crimes serious enough to see him summarily executed in January.Such extreme behavior -- and consequences -- are rare in any country.