Precious metals are apparently waking up. And here is where you can find the best deals.
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After rallying at the start of 2021, developing-nation assets have slumped during the past two days as U.S. Treasury yields jumped to the highest level in more than a year, sounding a warning about the outlook for interest rates and inflation.
Stocks Turn Lower as the Market Struggles to Rebound From Sharp Losses Triggered by Rising RatesFeb 26, 2021 - 07:07:05 PST
Stock futures were volatile in early morning trading Friday after the Nasdaq Composite suffered its worst session since October.
Silver outperformed gold last year, and has so far this year, too. The gold-silver ratio has fallen from 123 last March to 64 today. Silver’s 12-month performance is also strong, up about 60% since last February 28. And yet, silver remains one of the most undervalued investments that can be bought today. Regardless of what asset class you compare it to, silver offers better value to investors right now than almost anything else.
Jerome Powell was on Capitol Hill this week (at least virtually) to talk to Congress. During his two days of testimony, the Fed chair insisted that there is no inflation. In fact, he claimed it will take years for the central bank to reach its 2% target. SchiffGold Friday Gold Wrap podcast host Mike Maharrey says Powell is lying. But if you listen closely and read between the lines, you can dig a bit of truth out from the lies.
Families Could Get More Than $14,000 in COVID Relief. It's Looking More Like Universal Basic IncomeFeb 26, 2021 - 05:49:57 PST
New $1,400 stimulus checks and monthly child tax credit payments could result in a big payday for a family of four earning less than $150,000.
JPMorgan Warns That a Consumer Credit Crisis Could Derail India's Economic RecoveryFeb 26, 2021 - 05:45:57 PST
India's micro, small and medium businesses contribute about 30% to the nominal GDP and the sector is the second-largest employer, according to the RBI.
China's Economy Could Double in Size by 2035 — and Surpass the U.S. along the WayFeb 26, 2021 - 05:44:01 PST
China would surpass the U.S. as the world's largest economy around 2027-2028, said an economist from the Bank of America.
Thanks to government handouts starting to wash across the nation, analysts expected personal incomes to explode higher in January (and spending to rise after two declining months) and they were right. Personal incomes rose 10.0% MoM (better than the +9.5% expected) while spending rose 2.4% MoM (slightly worse than the +2.5% expected)....
Why Stock Investors Are Starting to Really Worry About Rising Bond YieldsFeb 26, 2021 - 05:39:59 PST
Fear of inflation is causing investors to speculate the Fed may have to shift policy sooner than expected.
Bank of England Official Warns Inflationary 'Tiger' Has Awoken, Sending Bond Yields HigherFeb 26, 2021 - 05:32:46 PST
Inflation; “The combined effects of unprecedentedly large shocks, and unprecedentedly high degrees of policy support, have stirred it from its slumber. In this environment, the tiger-taming act facing central banks is a difficult and dangerous one,” Haldane said.
Now a fresh proposal is in front of the Biden Administration to support the issuance of $500-650 billion in new SDRs, with Secretary Yellen playing a key decision making role. One immediate benefit of her choosing to back a new issuance is that these resources are flexible and could be used by both richer and poorer countries to meet a range of development needs related to the Covid-induced economic crisis, including rising hunger and joblessness.
House Set to Approve Biden’s $1.9 Trillion Stimulus Package, Send Bill to the SenateFeb 26, 2021 - 05:28:21 PST
Democrats are trying to pass the $1.9 trillion relief bill, which includes direct payments and unemployment benefits, by March 14.
For the sixth consecutive week infections have plummeted worldwide. Our Global Health team looks at what might explain the fall in cases.
The U.S. is recording at least 73,300 new Covid-19 cases and at least 2,160 virus-related deaths each day, based on a seven-day average of JHU data.
Several articles released on the mainstream press suggest that Texas's power outages during the Polar Vortex Freeze were attributed to the lack of "Winterizing" the energy grid. They go on further to say that wind power in the north didn't fail as it did in Texas because companies winterize...
Feb 25, 2021 - 13:28:10 PST
“Gold items were not very common during the Viking Age,” says Allison Fox, an archaeologist at Manx, in the statement. “Silver was by far the more common metal for trading and displaying wealth. It has been estimated that gold was worth ten times the value of silver and that this arm ring could have been the equivalent of 900 silver coins.”
Nevada and its silver districts built the western territory into a modern American state. Today, the world best knows Nevada for its modern gold production—however, a new generation is rediscovering Nevada’s famous silver districts and their potential.
With all eyes on silver this week, take a deep dive into whether or not the COMEX could actually be broken. Is this a sprint to the finish? Or a marathon event? Join Mike Maloney and Jeff Clark as they welcome our new regular guest, Adam Taggart, to our team at GoldSilver.com.
But going forward, the brutal facts of America’s crippled economy are crashing down on Biden and his Woke managers like the wrath of history. All the executive orders in the world won’t change that.
The U.S. Chamber of Commerce, unions and elected U.S. officials are urging Congress to take speedy action to dramatically boost spending on crumbling U.S. infrastructure.