Precious metals are apparently waking up. And here is where you can find the best deals.
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The U.S. is recording at least 65,400 new Covid-19 cases and at least 1,900 virus-related deaths each day, based on a seven-day average using JHU data.
With the gold price reaching an all-time new high in 2020, the gold miners enjoyed record profits. These record profits were assisted by the low oil price, which kept gold mining costs down. However, if the oil price continues higher, we could see this impact on the gold miners' profitability in 2021...
What is the cheapest asset in the world? Join Mike Maloney and Jeff Clark as they discuss the answer, along with all of the most recent news for gold and silver investors.
Whether or not the top of the 10-year yield comes naturally or takes the FOMC action, the buying opportunity in precious metals is not one to be overlooked.
Beige Book Escalates Inflation Warning: Sees Most Prices Rising "Moderately", Some "Notably"Mar 3, 2021 - 12:39:22 PST
Almost all Districts saw modest price increases since the last report, with growth in input prices continuing to outpace that of finished goods and services.
Something very abnormal is going on with the central banks of the world. They seem to be fearful that the entire system of debt might implode. Their solution? Create more debt.
Both supporters and critics of US President Joe Biden’s $1.9 trillion stimulus plan assume that there is a dollar amount that is just right. In fact, no such figure exists: every possible stimulus size is simultaneously too little and too big.
In 2008, the US housing market - together with a Fed that thought the subprime crisis was "contained" - delivered the mother of all deflationary shocks to the global economy. In 2021, the US housing market - together with a Fed that thinks inflationary pressures are "transitory" - risks delivering the mother of all inflationary shocks.
Any economy stupid enough to rely on the insane distortions of GDP "growth" as its primary measure will richly deserve a Darwin Award when it inevitably collapses in a putrid heap of squandered resources and capital.
In the first installment of this series on government default, we examined the ethical status of the public debt and debt repudiation.
Biden’s $1.9 Trillion ‘Relief Package’ Is Short on Relief for Struggling FamiliesMar 3, 2021 - 10:52:06 PST
Only a politician could design a program to cost as much as giving every poor household $50,000 and have it actually give every poor household only $3,500. So where is the money going? As usual, the government looks after itself first.
Biden Agrees to Limit Number of People Who Will Get Checks in COVID Relief PlanMar 3, 2021 - 10:42:22 PST
Under the structure, stimulus checks would end at $80,000 in income for individuals and $160,000 for joint filers.
More Than $45 Billion in Rental Assistance Could Soon Be Available. Here's How to ApplyMar 3, 2021 - 10:37:02 PST
Renters struggling in the pandemic can apply for financial assistance to cover their missed payments. Here's what you need to know about accessing the cash.
While 10Y breakevens have been relatively rangebound in recent days and printed at 2.23% earlier, the action now appears to be focusing on the belly where moments ago 5Y breakevens surged above 2.50%, rising to the highest since 2008.
ECB Balance Sheet Has Hit Another Fresh Ath as Lagarde Keeps the Printing Press RumblingMar 3, 2021 - 09:55:03 PST
Total assets rose by €9.3bn to €7,110.5bn in the past week on QE. ECB balance sheet now equal to 71.3% of Eurozone GDP vs Fed's 35.3%, BoE's 37.7% or BoJ's 129.1%.
“The Fed essentially has to place a raised floor in the U.S. economy to keep things that need positive returns alive,” Fed veteran Christopher Whalen, head of Whalen Global Advisory, told CNBC. “No matter how well-intentioned they are, their efforts to engineer things are slowly weakening the system,” he said. “You have another bad auction or two and we’re screwed.”
Mar 3, 2021 - 09:29:00 PST
The yield on the benchmark 10-year Treasury note is in a long-term trend lower and, with financial markets awash in cash, it could zigzag down to -0.5% a year from now, even if it drifts up from current levels, according to Guggenheim Investments.
"The idea has no merit. It’s foolish. It probably is not legal," Cooperman told "Squawk Box" on Wednesday. "If the wealth tax passes, go out and buy yourself some gold because people are going to rush to find ways of hiding their wealth."
Danielle DiMartino Booth, chief executive officer of Quill Intelligence and a Bloomberg Opinion columnist, discusses last week’s chaotic selloff in Treasuries, the outlook for the U.S. economy and Federal Reserve policy. Booth, a former adviser to the president of the Dallas Federal Reserve...
What we're hearing: Economists say it's unlikely the Fed will reignite its quantitative easing program as central banks in Australia and Korea have announced in recent days but could restart Operation Twist.