Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Gold prices edged up on Wednesday to hover near their highest in more than two weeks on prospects of higher inflation.
A review of the past 40 years reveals sudden spikes in interest rates and financial problems go hand in hand. The question for all investors is how big a spike before the proverbial hits the fan again?
After mixed data last month (starts down, permits up), February's starts and permits were expected to drop modestly MoM. Instead they utterly collapsed as interest rates soared, with Starts down 10.3% MoM (-1.3% exp) and Permits down 10.8% MoM (-7.2% exp).
Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth likely to be a blow-out number that sets the stage for an historic experiment by U.S. central bank policymakers.
While Federal Reserve Chair Jerome Powell has promised to maintain aggressive support of the U.S. economy, the central bank’s quarterly economic forecasts will show how many of his colleagues share his commitment.
Yellen Vows to Use 'Full Power' of U.S. Government to Tackle Climate ChangeMar 17, 2021 - 05:52:05 PDT
The U.S. government will marshal all of its resources to address climate change as the country recovers from the COVID-19 pandemic, Treasury Secretary Janet Yellen said on Tuesday, as she stressed that the poor suffer the most from climate change.
China will risk “huge economic losses” if it tries to curb asset bubbles through monetary policy tightening, a former central bank official warned, adding to a debate that’s roiled financial markets this year.
Buyers have concluded that locking up their money in U.S. government bonds for a decade or more is now riskier than before.
The astronomical rise in cryptocurrencies could be a driving force behind some of the stock market's success, according to emerging and frontier markets expert Mark Mobius.
We've gotten quite a bit of economic data this week. Federal Reserve Chairman Jerome Powell insists inflation is anchored at 2%. But his assurances notwithstanding, a lot of the data signals inflation. In his podcast, Peter went over some of the numbers and concluded that inflation isn't anchored at all. It's anchors aweigh. We are adrift in a sea of inflation.
The Fed Must Walk a Fine Line Wednesday as Financial Markets Hang in the BalanceMar 17, 2021 - 05:21:23 PDT
A resurgent economy, percolating inflation and a stock market ripping higher don’t seem to make much of a recipe for easy monetary policy. But that’s the position in which the Federal Reserve finds itself.
Wells Fargo Securities' Michael Schumacher said he believes the Federal Reserve will let inflation run above its target for "awhile."
10-Year Treasury Yield Hits Fresh 13-Month High of 1.67% Ahead of Fed DecisionMar 17, 2021 - 05:16:56 PDT
The 10-year U.S. Treasury yield topped 1.67% early on Wednesday, ahead of the outcome of the Federal Reserve's two-day policy meeting.
Higher mortgage rates are cutting into demand for refinances, as fewer and fewer borrowers can now get worthwhile savings.
The U.S. is recording at least 55,300 new Covid-19 cases and at least 1,300 virus-related deaths each day, based on a seven-day average using JHU data.
The second-largest shale oil field in the United States has finally hit the ENERGY CLIFF, which means, it's all downhill from here. The once-mighty Bakken Shale Oil Field Engine that supposedly held 30 billion barrels of recoverable oil is now barely running on just one cylinder. Unfortunately, by the end of the decade...
Are governments going to pass tough legislation in regards to gold and Bitcoin ownership? How could this backfire? Join Mike Maloney and Jeff Clark as they discuss where this could be heading, and why it is all a result of what Ray Dalio describes as ‘stupid economics’.
So the Fed has two options to choose from, and neither is good: raise rates and cause markets to crash. Or, don’t raise rates, and risk inflation.
Silver: The U.S. Solar Industry Posted Record Growth in 2020 despite COVID-19Mar 16, 2021 - 13:25:11 PDT
New solar installations jumped 43% year over year to a record high during 2020 even as the pandemic weighed on operations.
Mar 16, 2021 - 13:20:30 PDT
Nothing is said about the Bank for International Settlements, which provides camouflage for that intervention and whose surreptitious activity in the gold market on behalf of its central bank members is now at a record level.