Precious metals are apparently waking up. And here is where you can find the best deals.
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“There’s way too much leverage in the system, and we’re starting to see signs that this excess leverage is going to be unwound in a way that will create headwinds for the stock market and other risk assets for more than just a few days,” said Matt Maley, chief market strategist at Miller Tabak.
Will 2020 lead to an explosion in the economy? Or will debt-driven spending lead to a disappointment in growth and disinflation instead?
GameStop Traders Outsmart the Smart Guys, Leaving an Indelible Mark on Wall StreetJan 29, 2021 - 08:50:23 PST
The battle on Wall Street has empowered retail investors to find market inefficiencies and force hedge funds to reassess their strategies and exposure.
Headline UMich Sentiment weakened in January, falling from 79.2 in December to 79.0 (well below the 79.4 expected) with both current conditions and future expectations weakening.
If you’re following the markets at all, you know that the price of GameStop stock skyrocketed this week. As the story goes, it was primarily driven up by retail investors on platforms such as Robinhood, and pushed by social media posts, particularly on Reddit. Now, these so-called Reddit-Raiders have set their eyes on silver.
Pending Home Sales Drop For 4th Straight Month In December, Led By MidWestJan 29, 2021 - 08:44:43 PST
This is the 4th straight monthly decline, underscoring the difficulties of further upward momentum in the housing market as the lack of available properties drives up asking prices and restrains demand.
three-day event that began Wednesday comes days after the U.S. sent an aircraft carrier group to the contested maritime area to "conduct routine operations and promote freedom of the seas," according to a statement by the U.S.
Jan 29, 2021 - 08:16:53 PST
60 Minutes has learned Chinese company BGI Group, the largest biotech firm in the world, offered to build COVID labs in at least six states, and U.S. intelligence officials issued warnings not to share health data with BGI. See the story, Sunday on CBS.
U.S. consumer spending fell for a second straight month in December amid renewed business restrictions to slow the spread of COVID-19 and a temporary expiration of government-funded benefits for millions of unemployed Americans.
The immutable mathematics of more than a quarter-century of declining yields amid a bull market in fixed income explains why fund managers of all flavors have been compelled to take on more risk to juice their returns, stoking concern about bubbles in everything from stocks to junk debt to Bitcoin.
“This is really a different kind of double whammy,” he said. “You’re not only getting hit by the supply-side issues and constraints, but also on the demand side because purchasing power has disappeared.”
Brazil's national debt and public sector deficit ended last year at record highs, central bank figures showed on Friday, while a steep decline in official borrowing costs pushed interest payments as a share of the economy to historic lows.
Mexico's economy last year suffered its biggest annual contraction since the 1930s, although it recovered better than expected from the impact of the COVID-19 pandemic during the final quarter, preliminary data showed on Friday.
SEC Publishes Statement On Short Squeeze Insanity, "Will Protext Investors From Manipulative Trading"Jan 29, 2021 - 06:52:03 PST
It was only a matter of time before the SEC stepped in to "protect" investors from making money and ramming Wall Street's own strategies up its behind, and moments ago the world's most useless regulator published a statement in response to the short squeeze mania that has gripped markets.
No, I am not referring to the gyrations in the realm of heavily shorted stocks and the attacks by the populace of Sherwood Forest to drive valuations ever higher.
If you follow the markets at all, you've heard about the big surge in GameStop stock driven at least in part by retail investors informed by social media. Now the Reddit investors have turned their eyes to silver. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the GameStop phenomenon and argues that there are good reasons to be bullish on silver - not just the attention of the Reddit crowd. He also touches on this week's Fed meeting and gold demand dynamics.
Silver jumped 2.2% to $26.95 an ounce, extending gains from an as much as 7% spike on Thursday after some traders moved to cover short positions on rumours about a GameStop-style squeeze driven by retail investors.
The first signs that the silver market was about to get hit came Wednesday. Comments began appearing on the Reddit chatroom r/wallstreetbets ...
They think that currencies will always be hedge-able, tradeable, and portable as they more or less have been since the 1980s. No. I believe the coming generation of policymakers want to demote the financial class, and one of their methods will be the imposition of controls on capital flows. Even in the US.
They think that currencies will always be hedge-able, tradeable, and portable as they more or less have been since the 1980s. No. I believe the coming generation of policymakers want to demote the financial class, and one of their methods will be the imposition of controls on capital flows. Even in the US.