Precious metals are apparently waking up. And here is where you can find the best deals.
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Palladium was manipulated for years. It had the largest short position relative to its size, while physical demand rose inversely to decreasing supply. In 2018, demand became so large that it overwhelmed the shorts.
In today’s update, Mike Maloney and Jeff Clark discuss the insane position that silver ETFs now find themselves in, the unseen effects of President Biden’s forthcoming stimulus efforts, USA’s descent into a command and control economy, manipulation of precious metals prices and feedback from one of our viewers. Stick around to the end for Mike’s ‘Meme of the Day’ - it’s short but sweet.
My research team and I believe the recent downside trend in gold has reached a support level, near $1,765, that will act as a launching pad for a potentially big upside price trend. This support level aligns with previous price highs (May 2020 through June 2020) after the COVID-19 price collapse, which we believe is an indication of a strong support level.
Peter Krauth, editor of Gold Resource Investor, delves into the movement among some companies to hold Bitcoin and gold rather than cash.
The seeds of sound-money destruction were sown at the 1944 Bretton Woods Conference, which established that US dollars could be held as central bank reserves and were redeemable for gold by the US Treasury at thirty-five dollars an ounce.
More state lawmakers than ever are introducing sound money legislation in the opening days of the 2021 legislative session. Several states will consider measures to remove sales or general excise taxes on the purchase of gold, silver, and other precious metals. Many other states will weigh bills to eliminate income taxes on gold and silver.
Central banks cannot ignore the effect of fiat currency debasement in this cost-of-living problem because it will get worse and can lead to significant social unrest and discontent.
Feb 17, 2021 - 11:51:09 PST
While the original idea of Central bank digital currencies may seem reasonable, they could actually grow to threaten our economic freedoms.
Find here the top 5 charts of the day, published on Twitter, that attracted attention among the macroeconomic and/or financial community.
FOMC Confirm Fed Will Ignore "Temporary Inflation Factors", Stay Easy Until "Substantial Progress"Feb 17, 2021 - 11:21:51 PST
Bonds and bullion have been battered since the Jan 27th FOMC meeting as stocks and the dollar have rallied (despite ugly jobs data since the meeting)...
By reducing the role of intermediaries, blockchain technology can reduce asset transaction costs and risks to the benefit of all citizens.
Keep the definition of “maximum employment,” as explained by the Federal Reserve, forever in mind; and remember it every time an economist or central planner uses it to justify their interventions in your life: Maximum employment is the highest level of employment or lowest level of unemployment that the economy can sustain...
Household Debt Rises to $14.6 Trillion Due to Record-Breaking Rise in Mortgage LoansFeb 17, 2021 - 10:12:39 PST
Debt increased 1.4% for the final three months, representing another $206 billion as households took advantage of low interest rates.
House and Senate Democrats have repeatedly urged President Joe Biden to "broadly" forgive up to $50,000 of federal debt through executive order.
The cost of goods and services surged, suggesting inflation at the factory gate was starting to creep up.
The lifestyle you ordered in the euphoria will be out of stock in the panic. Humans running Wetware 1.0 (which is all of us) love to gamble, and we are entranced by the thrill of victory and the agony of defeat. When there's a market for speculation, these wild swings of emotion manifest as euphoria (I'm winning!) and fear (I'm losing).
Unpaid debt from pandemic-stricken borrowers has ravaged profits at Europe's big banks and kick-started a debate among politicians about whether they may ultimately need state help.
Global Companies Raise Massive Cash Through Convertible Bonds at Start of 2021Feb 17, 2021 - 09:47:51 PST
Global companies are raising vast amounts of money through convertible bonds this year, as soaring stock markets lift demand for these bonds which give investors the option to change into equity shares at a later date.
The world is now in the throes of history’s greatest experiment in central bank doctrine and operations. It’s easy to forget that the Federal Reserve is only about 13 years into experimental QE activism.
The SNB still regards both foreign currency interventions and negative interest rates as vital to stem appreciation pressure on the Swiss franc…