Precious metals are apparently waking up. And here is where you can find the best deals.
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Central banks in general, and the Fed in particular, are gonna need a bigger boat. And we know what that boat is: the ability to say USD3,000 is now USD10,000 with the stroke of script-writer’s pen without yields rising in tandem.
“In a crisis, what we did served its purpose in staving off what could have been far worse outcomes,” Powell said, adding that the economy was also buoyed by swift congressional action on the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
The federal government can manage its debt at current levels, but fiscal-policy makers should seek to slow its growth once the economy is stronger, said the chairman of the Federal Reserve.
The bounceback in the Indian gold market continued last month.Indian gold imports hit a 21-month high in February and there was robust retail demand.This comes on the heels of a 72% year-on-year increase in gold imports in January.
“We are in a rough patch in terms of risk appetite in general; that could add some support to gold market, but right now the focus is on the dollar,” said Saxo Bank analyst Ole Hansen.
The Asian Development Bank warned that rising U.S. yields could trigger currency and debt crises across Asia like past shocks that rocked emerging markets. Developing Asia has loaded up on dollar-denominated debt to pay for the fight against Covid-19. That’s raised the risk of capital flight and loan defaults should further gains in U.S. yields cause local...
Mar 25, 2021 - 05:52:47 PDT
Treasury Secretary Janet Yellen explained to Congress on Wednesday that a $650 billion increase in the International Monetary Fund's SDR reserves would not cost U.S. taxpayers.
Bank of America Expects The S&P To Return Just 0.2% Over The Next DecadeMar 25, 2021 - 05:37:42 PDT
Which is why to us the take home message is just the opposite of BofA's: putting money in stocks now is a fool's game, whether one tries to time the market or not, as such capital flowing into other non-traditional assets such as commodities, precious metals and gold will only accelerate over time.
Fidelity to Launch Bitcoin ETF as Investment Giant Builds Its Digital Asset BusinessMar 25, 2021 - 05:35:54 PDT
Fidelity is preparing to launch its own bitcoin fund as the investment giant works to cement its clout in the market for digital assets.
The Number Of Americans On Jobless Benefits Rose Last Week, Despite Initial Claims DropMar 25, 2021 - 05:33:38 PDT
Finally, we note the total number of Americans claiming some form of unemployment benefit disappointingly rose last week, back above 19 million...
Despite the "improving economy," subprime mortgage delinquencies remain at record high levels. And the full extent of the problem is masked by forbearance programs.The delinquency rate on FHA mortgages spiked to 17.5% in February. That was up from 17.0% in January and equals the all-time record set in September and November of 2020, according to AEI's Housing Center.
Groups Preparing for an All-Out War Over President Biden's Coming Tax Reform ProposalMar 25, 2021 - 05:27:41 PDT
The plan is expected to include tax increases on wealthier families and corporations as part of Biden’s massive infrastructure proposal.
Powell Praises Economic Recovery and Sees Fed Pulling Back Help After 'Substantial' ProgressMar 25, 2021 - 05:25:40 PDT
At some point, that will allow the central bank to dial back the help it has provided, though Powell said now is not that time.
Stock Futures Turn Red Amid Comments From Fed Chair Powell, Dow Futures Lose 100 PointsMar 25, 2021 - 05:25:40 PDT
Stock futures gave up a small gain and turned red in early morning Thursday as the market continued to struggle in recent weeks.
But one Conservative MP says "papers for pubs" would lead the country into "a ghastly trap".
A £5,000 fine for anyone in England trying to travel abroad without good reason is due to come into force next week as part of new coronavirus laws.
The U.S. is recording at least 53,300 new Covid-19 cases and at least 940 virus-related deaths each day, based on a seven-day average calculated using JHU data.
FIVE TOP SILVER MINING COMPANIES: SRSrocco Analysis On Which Is The Best Performing StockMarch 25, 2021
What silver mining stock has outperformed the industry? Well, if we look at the fundamental data and analysis, there is most certainly a clear winner. Not only has this silver producer enjoyed the highest profit margins, but its share price has also outperformed its peers over the past decade...
Gold prices settle higher Wednesday to notch their first gain in three sessions, supported by some safe-haven buying, amid developments in Europe that...
Australian bullion sales rallied to milestone levels in February, the latest figures from The Perth Mint of Australia show. Their gold sales scored a monthly record, the Mint confirmed, and their silver sales ranked second highest for a month according to CoinNews tracking data which dates back to February 2013.