Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
On Wednesday, Federal Reserve Chairman Jerome Powell called for a "society-wide" commitment to reaching full employment, calling for "contributions from across government and the private sector.” He said getting people back to work would require "continued support from both near-term policy and longer-run investments." He also dismissed concerns about debt saying the focus needs to be on the economy's immediate needs. As Peter Schiff put it in his podcast, Powell handed the US Treasury a blank check.
The financial history of the past 50 years is in many ways the story of a series of attempts to find a different anchor to replace gold as the mechanism of control. Each new regime has been greeted with a change in the trend of the price of stocks in gold terms.1944-71: Bretton Woods & The Gold Standard...
With market-based measures of inflation rising, swap markets are slowly cranking up the pace of expected U.S. rate hikes. Traders are bracing for a first 25 basis point hike in the fourth quarter of 2023, then another 50 basis points over the next 18 months. That’s a slower pace than the last hiking cycle, suggesting there is room for more to be priced in.
The primary causes of this market dysfunction are the prevalence of passive investing and leverage enabled by low interest rates. The combination has resulted in grotesque distortions of capital allocation while further bifurcating society into haves and have nots.
Fed’s Powell Signals Easy Money Policies to Remain in Place for a While: WSJFeb 11, 2021 - 05:20:48 PST
The Fed chairman said the Federal Reserve will continue bolstering the U.S. economy through low interest rates and hefty asset purchases, and repeated his call for more fiscal assistance for the economy.
The dollar was pinned near two-week lows on Thursday, as softer-than-expected U.S. inflation and another Federal Reserve promise to keep interest rates low reinforced expectations...
Treasury Yields Slump Following Fed Chair Powell’s Comments on EmploymentFeb 11, 2021 - 05:13:12 PST
U.S. Treasury yields slumped on Thursday morning, after Fed Chair Jerome Powell painted a gloomy picture on U.S. employment due to the coronavirus pandemic.
The European Commission has turned more negative on its prospects for the euro zone's economy in 2021.
How COVID Led to a $60 Billion Global Chip Shortage for the Auto IndustryFeb 11, 2021 - 05:10:59 PST
Automakers are expected to lose billions of dollars in earnings this year due to a shortage of highly important semiconductor chips.
Covid Live Updates: UK Scientist Warns of Variant; U.S. Cases and Deaths ImproveFeb 11, 2021 - 05:06:44 PST
The U.S. is recording at least 104,300 new Covid-19 cases and at least 2,770 virus-related deaths each day, based on a seven-day average of JHU data.
Using the old tried and true magic trick of Now You See It... Now You Don't, JP Morgan supposedly borrowed 30 million oz of silver from one vault in London, as the custodian for the iShares SLV ETF, and returned it all just a few days later. What took place behind the scenes at BlackRock's iShares SLV ETF...
Join Mike Maloney and Jeff Clark as they discuss the latest market action, along with some interesting feedback from yesterday’s video. Elon Musk himself liked what Mike had to say about Tesla, but did he listen to Mike’s information on why buying silver would be a good idea for Tesla?
Gold prices found support from weakness in the U.S. dollar and expectations for another U.S. fiscal stimulus package, which also fed hopes for an economic recovery, boosting prices for metals used in industrial markets.
White House Builds Business Coalition to Support Biden’s COVID Relief PlanFeb 10, 2021 - 13:12:30 PST
The White House has been reaching out to executives in several industries to rally support for the Biden administration $1.9 trillion Covid-19 relief plan, according to people familiar with the matter.
A recovery in global trade is expected to slow again in the first quarter of 2021 as the coronavirus pandemic keeps disrupting the travel industry after world trade contracted 9% in 2020, a U.N. report said on Wednesday.
Macroeconomics always has its fads: The latest is embracing public debt and not worrying about inflation. But fashions change very quickly.
Yellen and those in Washington better note the drop in the unemployment reflected in the recent January job numbers was due to a decline in the labor force. It shrank from 160.57 million to 160.16 million workers. This resulted in a decline in the participation rate from 61.5% to 61.4%. This indicates, workers are leaving the workforce in droves as they became discouraged about the lack of opportunities, simply fell back on government handouts, or simply gave up looking for a job.
Watch Fed Chair Jerome Powell Speak Live to the Economic Club of New York - @ 2 p.m. ETFeb 10, 2021 - 11:09:39 PST
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Wednesday to the Economic Club of New York on the “State of the U.S. Labor Market.”
Fed Chair Powell, Citing Bleak Jobs Picture, Says Policy Will Need to Stay ‘Patiently Accommodative’Feb 10, 2021 - 11:08:03 PST
Powell noted that the actual unemployment rate is probably closer to 10%, and said the Fed needs to stay focused on its “broad and inclusive” employment goal.
"Lockdowns affect the global poor as well as the global elite and it seems that the poorer countries have seen a dangerous decline in living standards which will have lasting consequences that are a public crisis in and of themselves. It should now be abundantly clear that economic hardship is...