Precious metals are apparently waking up. And here is where you can find the best deals.
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The European Central Bank’s views on the euro this week amount to a declaration of “currency war,” according to research from one of Germany’s biggest banks. The euro has slid in recent days after policy maker Klaas Knot said the central bank has the tools to prevent any further strengthening of the currency undermining inflation.
From the mania engulfing GameStop Corp. and penny stocks to the explosive growth of SPACs, a nervous question is starting to make the rounds within American finance: Will the next sheriff of Wall Street be able to tame these wild markets?
The reflation trade is suffering some doubts, if you can tear your eyes away from an epic short squeeze.
“They’re blocking the ability to trade to protect Wall St. hedge funds, stealing millions of dollars from their users to protect people who’ve used the stock market as a casino for decades,” Tlaib said.
The statement comes amid unshakeable stock prices and a Reddit-fueled market frenzy — prompting widespread fears of a bubble and the role monetary policy has played in that.
“This market action is nothing more than another epic parabolic bubble that has been going on since the history of time,” Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in a note. “This is not investing.
Pelosi Says House Will Take First Step to Passing COVID Relief Next Week, with or Without GOPJan 28, 2021 - 09:07:32 PST
Pelosi said the House will pass a budget resolution to set up reconciliation, but she hopes to win GOP support for a coronavirus relief bill.
The Federal Reserve and the confederation of central banks which follow Chair Powell and his lieutenants at the Eccles Building have flooded the world with fiat script which is only limited by Keynesians' and modern monetary theorists' imaginations.
[This is the fourth lecture from Mises's "Economic Policy: Thoughts for Today and Tomorrow"] If the supply of caviar were as plentiful as the supply of potatoes, the price of caviar—that is, the exchange ratio between caviar and money or caviar and other commodities—would change considerably.
New Home Sales rebounded very modestly in December, after tumbling in November, but printed significantly below expectations.
The central bank doesn’t want to pull back asset purchases just yet, Powell said Wednesday.
Eurosystem risk-sharing and capital structure pose challenges to balance sheet unwind...
China toughened its language towards Taiwan on Thursday, warning after recent stepped up military activities near the island that "independence means war" and that its armed forces were acting in response to provocation and foreign interference.
Central Bank Digital Cash Could Come to 20% of the World in Three Years – BISJan 28, 2021 - 07:23:09 PST
Central banks representing one-fifth of the world's population are likely to issue their own digital currencies in the next three years, a survey by central bank umbrella group the Bank for International Settlements shows.
“What is the data that I need to look at that could give the earliest non-false signal of sustained or high inflation that destroys the value of certain financial assets?”
Investment demand for gold set a new record in 2020, but it was not enough to offset a big drop in consumer demand due to the COVID-19 pandemic. Gold demand was up substantially in both ETFs, and for gold bars and coinsOverall, gold demand fell to 3,759 tons in 2020, according to the Gold Demand Trends Full Year and Q4 2020 report by the World Gold Council. That was a 14% drop in annual demand.But despite the weak overall demand, the price of gold set a record in dollar terms last year and briefly pushed above $2,000 an ounce.
Stock volatility is making a comeback amid worries about tech profits, unhinged retail trading and tepid economic growth.
Robinhood, Interactive Brokers Restrict Trading in GameStop Stock and OptionsJan 28, 2021 - 06:35:12 PST
The steps taken Thursday were even more drastic than what brokers did earlier in the week. TD Ameritrade and Charles Schwab raised margin requirements on Wednesday.
Chamath Palihapitiya Closes GameStop Position, but Defends Investors’ Right to Sway Stocks Like ProsJan 28, 2021 - 06:20:59 PST
Palihapitiya said the phenomenon around GameStop, and a few other stocks like AMC, is individual investors pushing back against the Wall Street establishment.
The Federal Reserve played the same tune during its first Open Market Committee meeting of the year, but the partygoers on Wall Street didn't dance. In his podcast, Peter Schiff talked about Jerome Powell's post-meeting press conference and said the Fed chair is "completely clueless" to the true nature of the problems facing the economy. And so is the mainstream.