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The euro zone wants to update its fiscal rules but it could spark nervousness among investors.
Sharp gains in home prices and a slight rise in interest rates combined to weaken demand for mortgages last week.
    Boeing’s 2020 Net Loss Hits Record $11.9 Billion
Jan 27, 2021 - 05:09:04 PST
Boeing is scheduled to detail its losses during a brutal 2020 and provide guidance on its recovery prospects as the pandemic continues to hurt travel demand.
Intensifying speculative behavior among retail investors is causing many on Wall Street to raise a red flag. Heavily shorted names, including GameStop and AMC Entertainment, continued to be pushed higher by amateur day traders in online chat rooms.
    Covid Updates: CNBC
Jan 27, 2021 - 05:03:03 PST
The U.S. is recording at least 170,700 new Covid-19 cases and at least 3,100 virus-related deaths each day, based on a seven-day average using JHU data.
While some of the top five shale oil producers have seen a rebound in oil production since the pandemic shutdowns in early 2020, other companies have experienced massive declines.  One of the largest shale oil producers has seen its production decline 30% in just six months!!  What we are witnessing...
We covered our SHORT TRADE on First Majestic due to the volatility in after-market trading.  Due to the high short position against First Majestic, the games will be played.  None of the other silver miners are moving like this after hours.  Due to the nature of the volatility, we covered at $14.65...
This is an important update for Silver & Gold Members.  I wanted to share some new information about the markets, energy, precious metals, and our new Trade Alert System.  Also, I spoke with precious metals dealer Tom Cloud this morning, and he says that the gold and silver retail market situation...
    Is Gold Money?
Jan 26, 2021 - 13:06:01 PST
Is gold money? Many would say so, and a web search returns tens of thousands of additional affirmative responses. If you want to start a fight with a gold bug, take the opposite view. But is it so? To answer the question of whether gold is money requires a definition.
    Russia Ramps Up Gold Production Despite Pandemic
Jan 26, 2021 - 12:58:50 PST
Gold mining companies of Russia’s Far Eastern Kamchatka Peninsula produced more than 6.8 tons of the yellow metal last year, which is an almost eight percent increase year-on-year.
“The real aim is to increase production to 100 tonnes or more in the next five years,” he said, adding Turkey aimed to be among some 10 countries that produce more than 100 tonnes of gold per year.
    Fed Powell's Final Fantasy: NorthmanTrader
Jan 26, 2021 - 12:44:22 PST
Oh dear, the Fed has a problem. It’s one thing to deny a bubble when it’s only cranks like me on Twitter pointing out the unfolding market distortions. Yet bubble talk is now all the ra…
Markets figure that as long as the Fed keeps pumping, then it's safe to keep buying.
The 11 percent mark remains above the 7 percent Gallup recorded in 2008, the lowest satisfaction it has ever polled.
Fraudulent payments by California could exceed $20 billion. New security measures to prevent fraud cause delays in payments that triggered a new hullabaloo.
    Everything Is Broken: Charles Hugh Smith
Jan 26, 2021 - 11:45:03 PST
One shared trait of these broken service systems is that they're all digital and all online. Wasn't everything supposed to become faster, better, easier and cheaper when it was digitized and put at our fingertips via websites and mobile phone apps?
    Currency Wars Are Back
Jan 26, 2021 - 11:42:08 PST
The biggest mistake the Biden administration can make is to follow the siren calls of its competing economies to massively devalue the US Dollar, print endlessly and go full-MMT (Modern Monetary Theory), which is not modern nor a theory. Destroying the currency’s purchasing power to finance bloated government spending has been used for centuries with the same final effect: Collapse of the economy.
Billionaire Paul Singer has a warning for his fellow investors: 1970s-style inflation can happen again, and almost nobody is ready for it.The hedge fund manager -- a frequent critic of U.S. monetary policy -- said in an interview on Grant Williams’s podcast that the combination of “trillions and trillions” of dollars in Covid-19 relief spending...
If Larry really cared about the environment instead of just how to boost his bonus, he would donate the fees that Blackrock generates from its ESG funds and donate them to charity. Or the least he could do is stop using his private Gulfstream 650 which burns 1,100 kilograms of massively polluting jet fuel per hour, while he is participating in this "green charade."
Andrew Ross Sorkin asked BlackRock CEO Larry Fink what he expects when it comes to the support sustainable companies may get over the next four years.