Precious metals are apparently waking up. And here is where you can find the best deals.
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Global gold demand is set to recover this year, after slumping to the lowest in more than a decade in 2020, according to the World Gold Council.With bullion prices climbing to an all-time high and pandemic lockdowns stifling consumption, demand for gold jewelry fell to the lowest on record last year, the WGC said in a report Thursday.
The number of Americans seeking first-time jobless benefits has been trending significantly higher for the last two months as lockdowns spread virally across the nation. The most recent week did see the number of initial colaimants drop modestly but it remains well off the lows (and well above the pre-COVID norms)...
The Federal Reserve Doesn’t See Risks to Market Stability, Even As Concern About Bubbles GrowsJan 28, 2021 - 05:37:28 PST
Powell indicated the Fed’s monitoring of asset prices and other financial measures does not show any issues with financial stability. But market pros see the potential for bubbles and don’t expect the Fed to tighten policy any time soon.
The U.S. economy likely contracted at its sharpest pace since World War Two in 2020 as COVID-19 ravaged services businesses like restaurants and airlines, throwing millions of Americans out of work and into poverty.
The dollar extended gains against most currencies on Thursday as a stock market rout due to
concerns about excessive valuations boosted safe-harbor demand for the U.S. currency.
For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends -- Steve Cohen and Dan Sundheim -- have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors.
China’s central bank is winning the battle against leverage, yanking billions of funds from the financial system and crushing a popular trade in the bond market. The People’s Bank of China drained a net 150 billion yuan ($23 billion) of funds on Thursday using open-market operations...
Issuance ‘tsunami’ comes as governments and companies seek to lock-in low interest rates.
‘Roaring 20s’ After the Pandemic? Big Banks Warn Be Careful What You Wish ForJan 28, 2021 - 05:17:34 PST
Barclays CEO Jes Staley has compared the pent up demand currently in the global economy to the end of the 1918 flu pandemic and the subsequent "Roaring 20s."
American, Southwest Post Record Annual Losses As Recovery Remains ElusiveJan 28, 2021 - 05:14:26 PST
Dallas-based Southwest expects average core cash burn of about $17 million a day in the first quarter, “as a result of continued softness in demand and a seasonally weaker travel period in January and February 2021, as well as rising fuel prices.” That’s up from the $12 million a day in in the last three months of 2020.
U.S. Treasury yields slumped on Thursday morning, ahead of the release of fourth-quarter gross domestic product figures.
10,000 Stores Are Expected to Close in 2021, As Pandemic Continues to Pummel RetailersJan 28, 2021 - 05:09:56 PST
Coresight Research is forecasting there could be as many as 10,000 store closures announced by retailers in the U.S. this year, which would set a record.
A pandemic of the novel coronavirus has now infected more than 100 million people worldwide and killed over 2.1 million of them.
The U.S. imported quite a bit of gold this year, but you should see how much silver. As the precious metals prices surged in 2020, we saw a huge inflow of metal into the United States. Not only were investors buying a lot of physical precious metals, but there was also a great deal of demand for the ETFs...
MARKET MADNESS: Explaining The Market Volatility & Update On First Majestic & Freeport-McMoRanJanuary 28, 2021
Today was a crazy day in the markets as volatility pushed the prices of the metals and stocks all over the place. I discuss how the volatility is impacting many of the stocks and provide an update on First Majestic and Freeport McMoRan. Due to individual groups coordinating BUYING and SELLING...
Jeff Clark did a podcast with I Love Prosperity's Jake Ducey. They talk about gold, silver and inflation, along with some of Jeff's favorite mining stocks. Note: Jeff's personal stocks should not be considered advice in any way.
In the years since the end of the gold standard, there's been a significant lack of discipline in government spending. Today, the federal debt is closing in on an astronomical $28 trillion, which is more than 130% of the size of the U.S. economy.
Gold prices moved lower but finished off session lows. The dollar moved higher on Wednesday, putting downward pressure on the yellow metal. US yields declined following the Fed monetary policy meeting.
Jan 27, 2021 - 13:06:33 PST
The nearly 900-year-old hoard, found in Słuszków, a village in west-central Poland, held a one-of-a-kind treasure — a gold ring etched with a Cyrillic inscription that translates to: "Lord, may you help your servant Maria."
The Fed's Lovey-Dovey All Around FOMC Statement shows the Fed's commitment to blow bubbles is still intact.