Precious metals news

Investors continued to keep an eye on the rise in bond yields, which weighed on stocks recently.

The Federal Reserve has created trillions of dollars out of thin air and injected it into the economy over the last year. As a result, the money supply has grown at a record pace. This is by definition inflation. As Peter Schiff has pointed out in recent weeks, signs that this inflation is finding its way into prices are all around us. But mainstream economists tell us we really don't have to worry about the massive increase in the money supply because the velocity of money is so low. This is simply the number of times a dollar changes hands in a given amount of time. Conventional wisdom holds that as long as the money velocity remains low, the central bank can increase the money supply without any significant corresponding increase in price inflation. But as economist Frank Shostak shows, the conventional wisdom doesn't hold up to scrutiny.

Of course, for markets none of this matters as the only thing traders care about is how strong the Q1 rebound will be... and how big of an inflationary tide will Biden's trillions unleash.

Interest rates continue to rise. Gold continues to languish. The stock market bubble continues to inflate. In his podcast, Peter Schiff argues that investors are reading the tea leaves all wrong. They think rising rates are going to force the Fed to tighten monetary policy sooner than expected. But Peter says there is a reality out there that nobody wants to acknowledge.

Having slowed for 3 straight months, analysts expected US durable goods orders to re-accelerate and they were not wrong as preliminary January data showed a huge 3.4% MoM jump (more than triple the +1.1% MoM expected).

First-time claims for unemployment insurance were expected to total 845,000 for the week ended Feb. 20.

Republicans rallied solidly Wednesday against Democrats' proposed $1.9 trillion COVID-19 relief bill as lawmakers awaited a decision by the Senate's parliamentarian that could...

Bond traders keep probing the limits of central banks’ patience, and nowhere is that clearer than in Australia, where policy makers are struggling to defend their yield target. The Reserve Bank of Australia bought A$5 billion ($4 billion) of bonds Thursday, matching the record last March when it began quantitative easing. ..

The European Central Bank’s pledges to fight back against unwarranted increases in bond yields are falling on deaf ears among investors. A selloff in bonds, which pushes up yields, was stemmed only temporarily on Thursday when ECB chief economist Philip Lane said officials will use the flexibility of their emergency bond-buying program to prevent any undue...

U.S. senators on Wednesday were eyeing potentially significant cuts to President Joe Biden's $1.9 trillion COVID-19 relief bill as they awaited a ruling on whether the measure can include raising the federal minimum wage to $15 an hour.

The move to borrow against collections creates the risk of a leveraged boom and bust in the art market.

The 10-year U.S. Treasury yield topped the 1.45% level on Thursday morning, its highest level in more than a year.

The reach of the campaign will be broad, with dozens of brands, media companies and social platforms making content and donating media to extend the message.

Public health officials and civil liberty organizations are urging policymakers to resist calls for coronavirus vaccine passports, at a time when many countries are in the process of reviewing whether to introduce digital passes.

European leaders will say on Thursday that all non-essential travel needs to remain restricted as the health situation remains "serious".

The U.S. is recording at least 72,200 new Covid-19 cases and at least 2,150 virus-related deaths each day, based on a seven-day average of JHU data.

The average company in the S&P 500 carries a Price/Earnings ratio of nearly 40 right now, nearly 3x the long-term median. It’s only been higher just prior to the dot-com crash, and the Global Financial Crisis in 2008/2009.

ReNew Power, India’s biggest renewable power producer, has agreed to merge with blank-check company RMG Acquisition Corp. II. The deal will give Goldman Sachs Group Inc.-backed ReNew an enterprise value of $8 billion...

Needless to say, few are expecting bubble symmetry to manifest now, because, well, of course, "this time it's different." Indeed. It's always different and yet always the same, too.

JPMorgan Chase & Co has recently tested blockchain payments between satellites orbiting the earth, executives at the bank told Reuters, showing that digital devices could use the technology behind virtual currencies for transactions.