Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Silver markets initially fell on Tuesday but found enough support at the $24 level to turn things around and form a bit of a hammer.
Peter Schiff recently explained how the Federal Reserve has rigged the US Treasury market. Well, the European Central Bank has taken bond market manipulation to the next level.According to a Bloomberg report, the ECB is buying bonds to control the yield spread between debt issued by various EU countries. As a result of this central bank mechanization, the spread between the yields on German and Italian bonds has remained "remarkably stable" despite the Italian government teetering on the verge of collapse.
Gold gained as the dollar eased following comments from President-elect Joe Biden’s cabinet nominees on the greenback, the merits of massive stimulus, and the outlook for trade.U.S. Treasury Secretary nominee Janet Yellen told the Senate Finance Committee that a slew of state spending was needed to fight the coronavirus pandemic, while playing down concerns about the debt it creates.
Janet Yellen warned US trading partners against currency manipulation and touted the importance of market-based exchange rates, in her most exhaustive comments yet on the incoming Biden administration’s approach to international economic policy.
Eurozone banks scaled back lending to businesses and households late last year as a resurgence in coronavirus cases across the single currency bloc prompted fresh lockdowns which fuelled fears of rising bad debts, according to a European Central Bank survey.
Foreign holdings of U.S. Treasuries declined for a fourth straight month in November, with Japan reducing its load of U.S. debt for four consecutive months as well, data from the U.S. Treasury department showed on Tuesday.
India’s troubled shadow banks face mounting challenges to a nascent recovery from the pandemic, with their asset quality set to deteriorate further as flagged recently by the financial regulator. Non-performing assets already swelled in the most recent data to the highest in at least five years...
Peter Schiff recently did an interview with David Lin on Kitco news. Peter talked about the devaluing dollar, the stock market bubble, his investment strategy, the trajectory of the global economy, and finally, what he would do if he was president of the United States. In a nutshell, Peter said he would veto everything.
The Leuthold Group’s Jim Paulsen is concerned government policies designed help the economy will spark sharp inflation.
After Unprecedented Stimulus, the European Central Bank Is Set for a Change of FocusJan 20, 2021 - 04:59:25 PST
The ECB's Governing Council, led by President Christine Lagarde, will now likely pause for the foreseeable future and use this week's meeting to steer markets in a new direction.
Oaktree’s Howard Marks Says This Tax Proposal in the U.S. Makes Investing Less AttractiveJan 20, 2021 - 04:56:37 PST
Janet Yellen, Biden's nominee for Treasury Secretary, reportedly said she would consider taxing unrealized capital gains to boost government revenues.
Weekly Mortgage Refinance Demand Drops 5% After Rates Hit Highest Level Since NovemberJan 20, 2021 - 04:54:17 PST
Several weeks of rising rates are dousing what was incredibly high demand for refinancing, according to Mortgage Bankers Association data.
SUBSCRIBER UPDATE: Clarifying Access Issues & How To Cancel On Patreon & Subscribe DirectlyJanuary 20, 2021
This is an Important Update for all SRSrocco Report subscribers and followers. I have provided a short video on clarifying some access issues for the Silver and Gold Members who are using Patreon and how to cancel your Patreon membership and subscribe directly to the SRSrocco Report...
This is the Gold Member Trade Update for our Freeport-McMoRan position. We still have our position in Freeport-McMoRan, but I wanted to share some very interesting price action in the stock. While we do provide TRADE & TRIGGER ALERTS on stocks, we also like to explain the technicals...
Gold futures finished higher on Tuesday, with the gain "clearly" related to the move in the U.S. dollar, spurred on by Janet Yellen, President-elect Joe...
Gold futures finished higher on Tuesday, with the gain "clearly" related to the move in the U.S. dollar, spurred on by Janet Yellen, President-elect Joe...
NY Gov. Cuomo Proposes Raising Top Income Tax Rate To Highest In The NationJan 19, 2021 - 12:36:09 PST
Said otherwise, either all US taxpayers will chip in to bail out on of the most fiscally irresponsible states in the union... or the ultra wealthy will. Something tells us that this particular proposal won't pass (you see, the rich have powerful friends in Washington), because if it does, Escape from New York will no longer be in the "fiction" section.
30Y Breakevens Spike Above 16 Year Downtrend After Yellen Says "Will Explore 50-Year"Jan 19, 2021 - 12:33:00 PST
On the other hand, as noted above, this won't be the first time the Treasury has "looked closely" at 50Ys (or even 100Ys): several years ago Mnuchin did the same, and in the end decided that it's not worth the risk of unanchoring the long end, and instead he decided to relaunch the 20Y. We doubt this time will be different.
A few peppered her with concerns over the nation’s fiscal path and the Biden administration’s likelihood of raising taxes on wealthy Americans and corporations, though there were no outward signs of resistance to Yellen’s nomination.
The $4.5 trillion increase in the U.S. national debt in 2020 was so large as to be almost incomprehensible for the average person. Yet, every dollar of the new debt was entirely real. It will likely be with us for the rest of our lifetimes, and may profoundly change every aspect of our financial lives.