Precious metals news

If you noticed more darkened windows and empty stores at the mall recently, you're not alone.

Mortgage rates moved higher again last week, causing homeowners and potential homebuyers to pull back on borrowing.

Germany's public sector deficit reached 189.2 billion euros ($225 billion) in 2020 thanks to the coronavirus pandemic, the first deficit since 2013 and the highest budget shortfall since German reunification three decades ago, the Statistics Office said.

Governor Greg Abbott bans government-mandated ‘vaccine passports’ in Texas How did we get from ’15 days to flatten the curve’ to a coerced-at-best-forced-at-worst vaccine passport? The premise of a vaccine ID to reopen misses the point that nearly 20 states are already in various stages of reopening.  Visions of a hunger…

Janet Yellen gave her first speech as Treasury secretary this week and called on the world to adopt a global minimum corporate tax. Peter Schiff talked about it during a recent podcast. He said He said Yellen's message to the world reflects a major shift. America once led the world toward freedom. Now the goal seems to be to lead the world to less freedom.
Yellen bemoaned a “30-year race to the bottom” as countries have slashed corporate taxes in order to attack multinational businesses. Of course, the real problem Yellen wants to address is the competitive disadvantage the US will face with the Biden tax increases tucked into his new infrastructure plan.

Sales of the U.S. Mint's Silver Eagles continued to be strong in the first few days of April.  With the most recent update from the U.S. Mint, Silver Eagle sales are on track to surpass Jan-Apr 2020 figures by a wide margin.  Of course, the U.S. Mint suspended operations in April last year...

* Dollar hits near two-week low * U.S. job openings increased more than expected in February (New throughout, updates prices, market activity and comments) By Shreyansi Singh April 6 (Reuters) - Gold prices rose about 1% on Tuesday and hit the highest in more than a week...

...and while it may be hard to admire anyone who facilitated something as undemocratic as the European Union, Mundell made some surprisingly pro-gold remarks at the time.

“MMT proponents ignore human nature, adaptive behavior and unintended consequences. That’s a recipe for failure”…

The question is what all of this comes to a head, and when does the market realize that MMT is nothing but bullshit. Zeng does not know the answer, but writes that "looking ahead, the Treasury will soon do another review of its coupon issuance sizes against the current financing needs; expect the spotlight to be on its decision in a few weeks' time."

The International Monetary Fund upgraded its global economic growth forecast for the second time in three months, while warning about widening inequality and a divergence between advanced and lesser-developed economies.The global economy will expand 6% this year, up from the 5.5% pace estimated in January, the IMF said in its World Economic...

File under: "It is impossible to get a man to understand something when his livelihood depends on his not understanding it."

Secretary of Transportation Pete Buttigieg admitted the mistake and walked back the administration's job creation promises on Monday night.

Newsom's announcement comes a little more than a year after California shut down its economy due to the unfolding health pandemic.

The share of long-term unemployed is rising even as the U.S. jobless rate is falling. That's an unusual dynamic for recessions, economists said.

“Anyone who controls the currency controls political power, the economy, and people’s lives”…

It is a slow economic news and equity markets are flat. But we are seeing activity in cryptocurrencies (Bitcoin and Ethereum) and Gold. Gold is up and Bitcoin/Ethereum are down. Is this a reversal …

Despite the recent correction leading to a hedge fund imploding, investors remain exuberant. The hopes for more liquidity displace fears of a correction.

Is retail investing just the "blind leading the blind." Such may be the right conclusion given a recent survey from MagnifyMoney on the issue.

The last year brought exponential growth in, among other things, use of the word “exponential.” It is now the go-to term when you want to say something is “growing super-fast.”