Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Inflation Galore at Manufactures, amid Massive Shifts in Demand, Supply-Chain Snags, ShortagesFeb 2, 2021 - 10:54:05 PST
For now, the story is that it’s just temporary.
Venezuela has the world’s largest proven oil reserves. It's out of gasoline.
Silver is tumbling back to earth after surging to 11-year highs on Monday, but plenty of options traders are betting on the rally to rebound.
Europe’s Economy Falls Further Behind U.S. and China. ‘It’s Getting Desperate.’: WSJFeb 2, 2021 - 10:40:53 PST
The eurozone’s economy is diverging sharply from the U.S. and China, as stubbornly high coronavirus infections, extensive Covid-19 restrictions and a painfully slow vaccine rollout delay Europe’s recovery from last year’s historic economic downturn.
Democrats Kick Off the Process Toward Passing $1.9 Trillion COVID Relief PlanFeb 2, 2021 - 10:39:15 PST
Democrats are starting votes on a budget resolution, which would let them to pass President Biden's $1.9 trillion coronavirus bill on their own.
The U.S. dollar reached a six-week high on Monday on weakness in the euro, Swiss franc and Japanese yen amid views that the United States has an advantage in growing its economy and vaccinating its population against COVID-19.
There’s good evidence that the stock market is now in bubble territory. By some metrics, valuations are higher now than they were before the 1929 crash and are at a level second only to the dot-com crash of 2000.
Gamed speculation — using knowledge of how markets can be pushed to profit those doing the pushing — has long been decried.
The high volume marked the culmination of a week of exceptional, but not extreme trading as the LBMA London Silver Price rose 15.41%, including a gain of 7.92% from 29 January, to reach $29.585 per oz in the London auction on Monday 1 February, the highest price since 2013(b).
Feb.02 -- Jeffrey Currie, global head of commodities at Goldman Sachs, discusses the silver market, explains his firm’s bullish view on commodities. He speaks on “Bloomberg Surveillance.”
An Industry ‘Operating on Borrowed Time’: Energy Experts on the Increasing Risks Ahead for Big OilFeb 2, 2021 - 08:27:09 PST
It comes as oil and gas supermajors seek to reassure investors about a return to profitability in the coming months.
Dallas Fed President Kaplan Stresses Need for More Spending to Keep Economic Recovery GoingFeb 2, 2021 - 08:23:59 PST
Kaplan in a CNBC interview backed more spending across a variety of fronts as the economy tries to shake off the Covid-19 pandemic effects.
A retail investment frenzy in silver over the past couple of days driven by social media has left dealers in some regions scrambling for bars and coins to meet demand.
Silver prices rocketed to their highest since 2013 on Monday after small investors responded to calls on Reddit and other social media to pile into the market and push prices up.
Peter ⚒ Spina #SILVERSQUEEZE @goldseek 1h
Feb 2, 2021 - 07:56:51 PST
Compounding woes for some miners is the slip in silver SILVER, which touched eight-year highs on Monday on a wave of retail trading interest. CME Group, a major financial derivatives exchange, hiked trading margins on silver futures by 18% amid the buying frenzy.
Total gold supply fell 4% year-on-year in 2020 to 4,644 tons. It was the largest annual decline since 2013, according to data from the World Gold Council.The decline was primarily driven by disruptions in mine production due to the COVID-19 pandemic. Gold mine output fell 4% on the year. More significantly, it marked the second straight yearly drop in mine production and continued a trend of flatlining gold mine output.
Citi’s Tom Fitzpatrick Sees Potential for the Slver Metal to Challenge Historical Highs: CNBC PROFeb 2, 2021 - 05:38:11 PST
Citi reveals its playbook on silver as the Reddit rally fizzles...
After meeting with Republican senators at the White House on Monday, President Joe Biden appeared poised to push forward with his $1.9 trillion COVID-19 relief plan even if it fails to draw Republican support.
The economic battle against Covid-19 has blurred the boundaries between fiscal and monetary policy. But the threats to central bank independence run deeper than the current crisis.