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Leading GOP Senator Calls on Biden to Slash Infrastructure Plan to $615 BillionApr 5, 2021 - 05:16:05 PDT
Republican Sen. Roy Blunt of Missouri on Sunday urged the Biden administration to cut the $2 trillion infrastructure plan to roughly $615 billion.
Sharp Rise in Long Bond Yields Is 'One of the Greatest Risks' for Market: StrategistApr 5, 2021 - 05:14:01 PDT
John Vail of Nikko Asset Management says the recent muted moves in the 10-year U.S. Treasury yield were "quite shocking" given Friday's blowout jobs report.
The U.S. 10-year Treasury yield moved higher early Monday as traders continued to digest March's bumper jobs report.
The Labor Department reported Friday that nonfarm payrolls increased by 916,000 in March, the highest since August 2020
WORLD'S TWO LARGEST SILVER MINES: Amazing Collapse Of Production, Ore Grades & ReservesApril 4, 2021
What happened to the world's two largest primary mines over the past decade reveals how the high-quality ores in the silver industry are becoming extinct. Thus, the mining companies are forced to extract lower-quality ore at a much higher cost to continue producing silver. Not only do lower ore grades...
Stocks, houses, commodities, Bitcoin – the price of nearly everything is up double digits vs last years pre-coronavirus highs.Have the trillions in stimulus ushered in a new bull market in, well, everything? Or have they helped blow the biggest asset price bubble in history?Macro analyst Wolf Richter suspects the latter. And he doesn’t think we have much time left before it bursts.
This update shows what the long-term chart and technicals say about where the metals, oil, lumber, U.S. Dollar, and Bitcoin are headed in the short term. Yes, we can use long-term charts to provide clues to the short-term movements in these metals, commodities, and assets. Interestingly, the long-term...
So, this week was April Fools' day. I've never really been into practical jokes, but I did post something on Facebook to mark the day."Taxation is the price we pay for a civilized society."Amusingly, a few people actually took me seriously. They don't know me very well!
Both gold and silver had been trading under extreme pressure, resulting in dramatic price declines in both precious metals. Whether it is a longer-term move, or just a short reversal that keeps both metals in a defined trading range is yet to be determined.
Anyone dissenting from the possibility of a short squeeze in silver may not be familiar with Ted Butler’s explanation of the concentrated short position in silver on the COMEX. For him, the operative word is concentration.
With China starting to raise prices, the times they are a’changin’. China became the world’s factory and kept its export prices low, leading to the oft-used soundbite that China has been “exporting deflation.” Now, though, that might be changing.
U.S. Treasury Yields Remain Slightly Higher Following Robust March Jobs ReportApr 2, 2021 - 07:08:13 PDT
U.S. Treasury yields were slightly higher on Friday morning, following a better-than-expected March jobs report.
U.S. employers hired far more workers than expected in March 2021, thanks to gains in leisure and hospitality, as well as state and local education.
So, after this "good" news, how long before The Fed has to start tamping down the exuberance?
Coronavirus Latest: Here's How You Can Be Forced to Get the COVID Vaccine in the U.S.Apr 2, 2021 - 07:02:00 PDT
The latest news and updates on the coronavirus outbreak from CNBC’s global teams in Asia, Europe and the U.S.
Joe Biden unveiled his massive infrastructure spending plan complete with tax increases this week. The president says it will create "opportunities." But what about the opportunities that will never be realized because Biden and company went on a spending spree with our money? Host Mike Maharrey talks about it in this week's Friday Gold Wrap podcast, along with the latest precious metals and Fed news.
This is a monthly wrap-up of the Metals & Markets and some perspectives for the future. While everyone seems to be focused on the crazy action in the broader stock indexes, the real trouble is taking place in the economy and energy industry. What people don't realize is if there is less energy production...
WARWICK, R.I. (AP) — A handful of coins unearthed from a pick-your-own-fruit orchard in rural Rhode Island and other random corners of New England may help solve one of the planet's oldest cold...
Gold rose over 1% on Thursday buoyed by a retreat in the dollar and U.S. bond yields, while grim U.S. jobless data clouded the outlook for an economic recovery, adding to the metal's safe-haven appeal.
India’s gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday, as a reduction in import taxes and a correction in prices from record highs drew retail buyers and jewellers.