Precious metals are apparently waking up. And here is where you can find the best deals.
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Democrats are setting the stage to use budget reconciliation to pass the next round of coronavirus relief without Republican votes.
We’ve all been hearing a lot The Great Reset lately, new slogans abound such as Build Back Better, the New Normal, and what seems to be a “new” model called “Stakeholder Capitalism” is being espoused
Gold's message is not in the price of gold per se but its strong correlation to the Fed's ever-growing footprint from destructive monetary policies.
In every century the same thing happens at one point or another. Society loses the plot and gets caught up in a mania, a grandiose exercise in self delusion. It can be political, it can be religiou…
Bonds have experienced a large percentage decline since the highs of last March. Have bonds fallen enough? If they rally, could they be sending a bearish message to stocks?
Fed chairman Jerome Powell will try to avoid sounding hawkish in any way when he talks about the Fed's commitment to its easing policies.
The spread between the 30-year swap rate, the price of locking in borrowing costs, and German bond yields is at its widest since April. That reflects both unprecedented demand for bonds as a haven and a diminishing appetite for hedging by debt issuers amid record-low borrowing costs, according to ING Groep NV.
It seems that all the cheering over soaring heavily-shorted stocks has an ugly unintended consequence after all. We are sure the regulators will be looking into this now.
Jan 27, 2021 - 07:00:16 PST
With a full-blown retail raid targeting their short books, many of the stocks hedge funds are bullish on are suddenly in trouble, too. That has prompted the industry to cut their risk appetite at the fastest pace in more than a year.C
Retail Brokerages Suffer Widespread Outages As Short-Squeeze Surge AcceleratesJan 27, 2021 - 06:57:06 PST
Downdetector reports Robinhood, Ameritrade, E-Trade, Charles Schwab, Fidelity are experiencing issues or outages as the US cash session began around 0930 ET.
Durable Goods Orders were expected to rise (+1.0% MoM) for the 8th straight month in preliminary January data, but disappointed expectations for the first time since April by rising just 0.2% MoM.
Bills Introduced in Mississippi and Tennessee Would Repeal Sales Tax on Gold and SilverJanuary 27, 2021
Bills introduced in the Mississippi House and the Tennessee Senate would repeal state sales taxes on precious metals bullion. This would not only relieve some of the tax burdens on investors in those states; it would also take a small step toward treating gold and silver as money instead of commodities.
Feeling cooped up? Tired of lockdowns and shutdowns and your favorite restaurants being closed?Me, too.It feels like this will last forever, but sooner or later things will begin to reopen. It will be a new normal, and the process may be rocky, but at some point broad economic activity will pick up steam.And when the re-openings accelerate, I think the silver price will, in short order, begin to spike, too.What is the connection between re-openings and a higher silver price? Here’s the link as I view it, see what you think…
Millions of Americans remain out of work. The US economy continues to languish, burdened by government lockdowns and other pandemic-related factors. Retail sales have dropped precipitously over the last several months, underscoring the economic malaise. So, how is it that the housing market is booming?
Gold prices slipped on Wednesday as the dollar climbed, with investors' looking forward to a U.S. Federal Reserve policy statement for clues on approach to monetary policy the central bank is likely to adopt.
Federal Reserve officials are likely to acknowledge recent signs of economic weakening but keep policy on hold at a meeting that concludes Wednesday, choosing to wait and see if business activity picks up.
Americans Won’t Be Rushing to Retail Stores to Shop After Getting COVID Vaccine: SurveyJan 27, 2021 - 05:21:52 PST
40% of consumers say they plan to shop for apparel in stores either the same amount or less after being vaccinated, according to a study by First Insight.
More than 50 million Americans increased their credit card balances since the start of the Covid-19 pandemic.
European stocks were lower on Wednesday, echoing an uncertain trend seen in other global markets as investors monitor vaccine rollouts and earnings.
Putin Warns of ‘All Against All’ Fight If Global Tensions Are Not Resolved at WEFJan 27, 2021 - 05:14:37 PST
President Vladimir Putin warned Wednesday that the coronavirus pandemic has exacerbated pre-existing problems and imbalances in the world, and that these could deteriorate to a point where there is a fight of “all against all.”