Precious metals are apparently waking up. And here is where you can find the best deals.
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Initial jobless claims were expected to remain depressingly high last week, after spiking the week before, and they did (though slightly better than expected).
The Fed Under Biden: New Mandates, a Close White House Tie and Big Challenges AheadJan 21, 2021 - 05:32:38 PST
All presidents watch the Fed closely, and Biden won't be an exception as he looks to get through the current crisis.
Joe Biden was inaugurated on Jan. 20, becoming the 46th president of the United States. And as Peter Schiff put it in his podcast, he took the helm of a sinking ship.
Investor Jeremy Grantham Says the Market’s in a Bubble with ‘Very Seldom Seen Levels’ of EuphoriaJan 21, 2021 - 05:23:44 PST
In recent months, Grantham's been warning that the massive runs on Wall Street in the past year – and indeed, the bull run since 2009 – is turning into an "epic bubble."
DeepMind, OpenAI, and Facebook AI Research are fighting it out to be the top AI research lab in the world.
Two-Day Bitcoin Sell-Off Wipes Out $100 Billion from the Entire Crypto MarketJan 21, 2021 - 05:20:45 PST
The price of bitcoin slipped over 10% in two days to fall below the $33,000 level for the first time since Jan. 13.
The Stock Market’s Rally to a Record on Stimulus and Vaccine Hopes Leaves Little Room for ErrorJan 21, 2021 - 05:17:19 PST
The euphoria has driven investor sentiment to new highs, technicals to extremes, and expectations for earnings to very high levels.
European Central Bank Says It ‘Stands Ready’ to Act As COVID Infections Continue to RiseJan 21, 2021 - 05:14:50 PST
The ECB’s main refinancing operations, marginal lending facility and deposit facility will remain at 0.00%, 0.25% and -0.50%, respectively, it said in a statement.
Covid Live Updates: U.S. Will Join WHO Effort to Bolster Vaccinations in Low-Income CountriesJan 21, 2021 - 05:04:00 PST
The U.S. is recording at least 193,600 new Covid-19 cases and at least 3,030 virus-related deaths each day, based on a seven-day average of JHU data.
Global silver investment inventories jumped by a record one-day increase after the large sell-off and the silver price recovery on Tuesday. It's been nearly a decade since the Global Silver ETF and Exchange Inventories increased by such a large amount in one day. The overwhelming majority of the increase...
A massive amount of debt is propping up the U.S. and global economies. While this isn't a surprise, the rate to which the debt has been added over the past few years suggests the world is heading over the ENERGY CLIFF sooner rather than later. Why is this so? Because the colossal increase in debt...
After a lot of huffing and puffing, the inevitable collapse of the price of Bitcoin and, by extension, of the entire crypto market has finally begun. This comes as no shock to us as technical indicators have been screaming blow-off top back in late December and early January. Finally, things are starting to move our way.
Part of the inflow into gold came from funds exiting bitcoin as the cryptocurrency space shuddered again at the thought of regulation — something Biden’s Treasury Secretary pick, Janet Yellen, invoked during the Senate hearing held on Tuesday to confirm her nomination.
Last March and April, the fabric of our financial system was stretched almost beyond endurance. Only intervention from the north Atlantic central banks seems to have averted some kind of disaster triggered by markets grasping the pandemic was serious.
If the stock market isn’t the economy, then, can we face a bear market even as the economy is expected to have a post-pandemic boom? Yes, but it would be rare.
Hedera Hashgraph - The Most Important Crypto Update You’ll See This Year (HBAR)Jan 20, 2021 - 12:37:43 PST
We’ve received many questions lately about Mike’s opinion on Hedera Hashgraph, a promising alternative to blockchain consensus systems which was covered in Episode 8 of Hidden Secrets of Money back in 2017. So we arranged an update with none other than Hedera Co Founder and CEO - Mance Harmon. This is an amazing interview, be sure to stick with it until the end in order to understand the huge disruption that these new Distributed Ledger Technologies are bringing at an ever increasing pace.
Jan 20, 2021 - 12:36:08 PST
This all begs the question, how much fraud is yet to be uncovered? It took the Dotcom bust to reveal Enron and Worldcom as frauds. It took the Great Financial Crisis to reveal rampant mortgage fraud and the Bernie Madoff fraud.
Jan 20, 2021 - 12:29:44 PST
Treasury secretary nominee Janet Yellen suggested the Joe Biden administration could be tough on Bitcoin and cryptocurrencies after huge price rises.
Mr Biden will double down on policies that have magnified the problems he aims to fix: weak growth, financial instability and rising inequality. Decades of constant stimulus have left capitalism weaker, less dynamic and less fair, fuelling angry populism. Deficits matter for the damage they are already inflicting.
“Not since World War II has the country seen deficits during times of low unemployment that are as large as those that we project — nor, in the past century, has it experienced large deficits for as long as we project,” Phillip Swagel, director of the nonpartisan Congressional Budget Office, said in January 2020.