Precious metals news

The latest moves come shortly after Turkish President Recep Tayyip Erdogan abruptly replaced the country’s central bank chief, sending shockwaves throughout the financial markets.

The United States is administering about 2.5 million Covid-19 vaccine shots every day. However, the number of new cases is increasing in 21 states as highly infectious variants spread and governors relax restrictions on businesses. Gov. Andrew Cuomo on Saturday confirmed that a more contagious Covid variant originally identified in Brazil has been detected in New York.

On March 1, the national debt eclipsed $28 trillion. The mainstream media hardly gave it a mention. To put the speed of the borrowing into perspective, the US government added $5 trillion to the debt in less than 18 months.
The Federal Reserve was already intervening in the economy prior to the pandemic. Remember, the central bank cut rates three times in 2019 and relaunched quantitative easing that year as well, although it refused to call it QE. Loose monetary policy is the fuel that runs the US bubble economy.

Congress recently passed coronavirus stimulus 3.0, adding another $1.9 trillion in federal spending to the already massive fiscal 2021 budget deficit. That brings total spending related to COVID-19 to somewhere in the neighborhood of $5 trillion.
Meanwhile, the national debt has skyrocketed past $28 trillion. The US government has added $5 trillion to the debt in less than 18 months.
It might be tempting to blame all of this spending and the bloated government that comes with it on the coronavirus, but the trajectory of borrowing and spending was heading skyward even before the pandemic. In fact, the US government has been growing in size and scope for over 40 years, even as progressives bemoaned it as an era of government atrophy.

It's one thing for Bitcoin or Tech stocks to go up in parabolic fashion, but a Blue-Chip stock??  Yes, indeed... you know it's the Wild, Wild West in Wall Street when we see old fashion blue-chip stocks behaving like Tesla.  Actually, I was quite stunned to see just how high this blue-chip stock surged...

The silver price is setting up the same fundamentals that pushed the palladium price up by five times over the past several years.  While industrial demand was the overwhelming factor that caused the palladium price to skyrocket to over $2,500, investment demand will be the leading driver for the silver price...

The silver diadem and other bling interred with a woman some 3,700 years ago mark her high status.

As the Green Energy Revolution gains traction, greater attention is being paid to the critical roles of various metals. One in particular is Silver.

Gold headed for a second straight weekly advance, helped by restive equity markets that underpinned demand for the metal as a haven even as Treasury yields continued rising.U.S. stocks fluctuated and bond rates pushed higher on Friday with inflation concerns lingering.

After a tumultuous 2020 for the Bullion Banks, the delivery demand at COMEX has continued unabated in 2021. Are we getting close to "breaking the COMEX"?

Here comes bitcoin's big test, as governments gear up to shut down and/or co-opt cryptos. Anyone who says the outcome is guaranteed is takiing their book.

Oops. Looks like the Fed's magic (and our luck) have finally run out.

"Very few seem to care that we’re closing in on $30 trillion in debt, the symptom of our insane spending. In fact, it has become fashionable to claim that we can borrow without fear of a debt crisis or of any consequences. Admittedly, one reason for this belief is that people like me have been...

With the measure of money in the system, known as M2, is skyrocketing, is there a real threat of hyperinflation and a return to Weimer, Germany.

At the federal level, the idea of taxing mileage has gained traction in both parties as leaders promise an infusion of spending on transportation infrastructure, even as lawmakers disagree on how to pay the bill.

Let's compare Bank of Japan actions and statements since 2016 with recent Fed actions and statements.

The White House will propose $1 trillion worth of new taxes, according to Sarah Bianchi, head of U.S. public policy and political strategy at Evercore ISI and the former director of economic and domestic policy for then Vice President Joe Biden.

The worst may be over but the recovery is painfully slow.

These manias and the rising long-term interest rates are on collision course.

“A front-loaded and strong additional monetary tightening.”