Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold prices retreated on Monday, halting a rebound from a nine-month low touched last week, as the dollar firmed, while U.S. treasury yields remained elevated, denting bullion's appeal.
Hedge Fund CIO: Jerome Is Unlikely To Be Around For When Everything Comes Crashing DownMar 8, 2021 - 05:50:01 PST
But Jerome is unlikely to be around for that stage. He will have passed the greatest experiment in monetary history to a successor.
Bearishness toward U.S. Treasuries surged to a record last week. That has given traders confidence to take on a new target: the yen. Strategists from London to Tokyo are saying the haven currency’s decline may have just begun, with rising Treasury yields and improving global growth giving traders encouragement to push the yen down toward 110...
President Joe Biden is poised to hold the first ever quadrilateral US summit with the leaders of Japan, India and Australia, as the four countries step up co-operation in an effort to counter China’s influence in the Indo-Pacific.
China-Linked Hack Hits Tens of Thousands of U.S. Microsoft Customers: WSJMar 8, 2021 - 05:39:48 PST
The cyberattack on the company’s Exchange email software is believed to have infected American businesses, government offices and schools.
Federal Reserve Chair Jerome Powell says he and his colleagues have learned a lot over the last decade about the meaning of full employment. Now, they’re looking at a new set of labor-market indicators as they chart a recovery from the steepest economic downturn on record. Call it the Powell dashboard. The Fed chair has recently highlighted several data...
The European Central Bank’s monetary policy meeting on Thursday will give its president Christine Lagarde and other senior policymakers the opportunity to discuss the recent rise in government bond yields.
The pandemic has disrupted international trade, driving up the cost of shipping goods and adding a fresh challenge to the global economic recovery.
The Covid-19 pandemic has raised new questions about how much financial support the government should give Americans. Some experiments may help provide answers.
Investors Haven't Fully Grasped Inflation Is 'Dead Ahead,' Economist Mark Zandi WarnsMar 8, 2021 - 05:15:50 PST
Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will affect every corner of the market — from big tech to cyclical trades.
Stock Futures Slip Even After Senate Passes $1.9 Trillion COVID Relief Bill as Bond Yields RiseMar 8, 2021 - 05:10:57 PST
Futures tied to the Nasdaq fell early Monday morning as a new stimulus package from Washington headed toward final passage this week.
The latest news and updates on the coronavirus outbreak from CNBC’s global teams in Asia, Europe and the U.S.
U.S. Mint Silver Eagle Sales Continue To Be Strong In March While The SLV ETF Sheds More SilverMarch 8, 2021
In March, sales of Silver Eagles continue to be quite strong as investors pay hefty premiums for the highly sought-after U.S. official silver coin. Also, the U.S. Mint has sold 70 times more Silver Eagles than Gold Eagles in the first eight days of March. This is nearly three times the ratio of Silver...
The federal minimum wage hike didn't make its way into the coronavirus stimulus bill passed by the Senate last week, but it is an idea that won't die. With Biden in the White House and Democrats controlling both houses of Congress, the issue will almost certainly come up again sooner rather than later.Proponents of a $15 per hour minimum wage claim it will help pull people out of poverty. And it will help some people. But it will hurt others. The real minimum wage is always $0 and no law can change that reality.
The Labor Department released its February jobs numbers on Friday. The numbers were better than expected and the official unemployment rate ticked down. The mainstream spun it as more good news and another sign that the economy is on the upswing. But in his podcast, Peter Schiff broke down the numbers and came to a completely different conclusion - this was not a strong jobs report.
This is an extremely important Market & Metals Update explaining whether we are heading into inflation or deflation. As I have mentioned several times, it seems that traders are all on one side of the market expecting massive inflation and a continued rally in the markets. While the markets could go higher...
The In Gold We Trust report 2021 will be published on May 27th!
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Mar 5, 2021 - 12:43:01 PST
Silver is used in the vast majority of automobile devices like the ones shown here.
Mar 5, 2021 - 12:40:47 PST
One of the most common objections to allocating wealth to gold is that “it doesn’t pay interest.” At the same time, the attractiveness of an asset that can’t be inflated away by government fiat is obvious. This is why the most powerful driver of gold prices over the last 50 years has been real interest rates in the US.
The gold price is inversely correlated to the “real interest rate,” as derived from the 10-year Treasury Inflation Protected Security (TIPS). The 10-year TIPS is a U.S. government bond that protects the owner from consumer price inflation. If the TIPS interest rate, for example, is 1% and annual inflation 3%, the owner of the bond receives 4% interest (1% + 3%). The owner of the bond is always protected against inflation.