Precious metals are apparently waking up. And here is where you can find the best deals.
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The Federal Reserve released the minutes from its January meeting this week. It featured some pretty thick Fed-speak. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey translates and tells you what the Fed is telling you about inflation. He also talks about why he thinks gold and silver are both struggling in an economic environment that should be bullish for precious metals.
Commerzbank analysts said in a note that gold’s behavior resembled that of a tsunami with the water receding in the first phase (the gold price falling) and then coming back all the more violently (the gold price rising significantly).
Central bank support forpandemic-hit economies looks to endure well past the recovery in output, leaving investors little option but to keep chasing aparabolic bull market until the fabled "punch bowl" is eventually removed.
As the euro zone begins toemerge from the depths of a pandemic-induced recession, theEuropean Central Bank is facing a difficult balancing actbetween supporting indebted governments and keeping creditorsonside.
Yellen Says Investors Should Be Very Careful with Some Sectors, Calls Bitcoin ‘Highly Speculative’Feb 19, 2021 - 05:30:32 PST
While low interest rates support higher stock valuations, Treasury chief Janet Yellen told CNBC some parts of the market may need to be viewed cautiously.
The great global rotation out of growth into value stocks looks to have stalled this year, and investors have switched to chasing the riskiest stocks from both cohorts.
The Covid pandemic "is not going to end unless we end it globally," a Biden official said, adding that vaccinating Americans remains the "highest priority."
With Social Security expecting to be officially insolvent by 2034, it’s promising to see young adults finally catching on to the fact that the government is incapable of providing a reliable savings program.
“Ongoing Covid-19 lockdown measures dealt a further blow to the eurozone’s service sector in February, adding to the likelihood of GDP falling again in the first quarter,” Chris Williamson, chief business economist at IHS Markit, said in a statement.
Treasury yields climbed on Friday morning, amid concerns about the possibility of higher inflation. The yield on the benchmark 10-year Treasury note advanced to 1.3% at 7 a.m. ET, while the yield on the 30-year Treasury bond rose to 2.08%. Yields move inversely to prices
Feb 19, 2021 - 05:09:25 PST
Treasury Secretary Janet Yellen said Thursday that recent signs of improvement in the U.S. economy are no reason to scale back the administration’s $1.9 trillion relief plan.
Treasury Secretary Janet Yellen Makes Push for Major Stimulus, Sees Bigger Risk in Not Doing EnoughFeb 19, 2021 - 05:06:24 PST
The Congressional Budget Office projects a $2.3 trillion budget deficit in fiscal 2021 not even counting all the added spending, and Yellen acknowledged that there “probably” would be “tax increases to pay for at least part of it that would probably phase in slowly over time.”
COVID Live Updates: Daily Average of New U.S. COVID Cases Declining in 43 StatesFeb 19, 2021 - 05:01:20 PST
New Covid-19 cases and deaths have trended lower for over a month in the United States. The seven-day average of hospitalizations is declining in 49 states and is holding steady in Washington, according to data from Johns Hopkins University.
The top four U.S. shale oil fields lost more than a half-billion barrels of oil production since their peak. At the current oil price, that's a loss of $30 billion a year of oil revenues. Just think about that for a minute. The oil production loss from these top four shale fields would have supplied the United States...
Has the ‘silver squeeze’ failed? Are the big boys back in control? And if they are, will the price of silver plunge? Join Mike Maloney and Jeff Clark in this 38 minute ‘Chart Special’ to get the answers to these questions and more. Make yourself a drink and a snack, get comfortable…we’re going deep this evening.
Gold futures prices are near steady in midday U.S. trading Thursday after hitting an eight-month low early on today. The bulls are near-term technically wounded and are just trying to stabilize a market in a downslide. Silver prices are down today but that metal has not been hit as hard as gold recently. April gold futures were last up $0.30 at $1,773.00 and...
How the Rapid Run-Up in Interest Rates Could Set Off a 10% to 15% CorrectionFeb 18, 2021 - 12:59:22 PST
Rising interest rates are rattling the stock market, and that could be the catalyst for a bigger sell-off, strategists say.
Lumber Prices Top $1,000 for the First Time As Single-Family Housing Starts Drop 12%Feb 18, 2021 - 12:57:37 PST
Consumers want more newly built, affordable homes, but builders are finding that hard to deliver, especially as prices for framing lumber spike ever higher.
He said the spending patterns indicate that more families are hurting and need help.
House Aims to Vote on COVID Relief Bill by the End of Next Week, Pelosi Says: UpdateFeb 18, 2021 - 12:46:04 PST
Democrats are trying to pass their $1.9 trillion coronavirus relief bill before March 14, when key unemployment programs expire.