Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Jan 8, 2021 - 07:59:51 PST
For millions of Americans who used online tax services, their second stimulus payment may have been sent to the wrong bank account.
he first fallout from rising U.S. Treasury yields has emerged, with a stronger dollar buffeting emerging-market currencies such as South Africa’s rand and the Brazilian real. The rand and real have slumped about 2% since U.S. yields crossed the 1% mark on Wednesday while Indonesia’s rupiah dropped almost 1%.
Having Already Dropped for Years, US Auto Sales Plunged to 1970s Level in 2020Jan 8, 2021 - 07:47:06 PST
GM, Toyota, Ford sales down 5th year in a row. Nissan in a death spiral. The Pandemic accelerated what had started in 2016. Long-term view on auto sales.
Jan 8, 2021 - 07:39:16 PST
There it is, the crux of it all. Not a disruption in the economy, in markets. For a central bank that claims to target the economy with its policies this statement reveals a keen awareness that markets are greatly influenced by the Fed’s QE liquidity operations, QE and otherwise, indeed are dependent on it and the fear of markets reacting is profoundly on the Fed’s mind.
IMF Chief Economist Gita Gopinath told Yahoo Finance Wednesday that the global economy faces a “pretty dark winter” as a new strain of the coronavirus forces new lockdowns.
Joe Biden is considering asking Congress to help suffering Americans in two steps: give them the balance of their coveted $2,000 coronavirus payments, followed by a $3 trillion tax and infrastructure package.
"I'd make the changes on the corporate taxes on Day One. And the reason I would make the change in corporate taxes, it could raise $1.3 trillion if they start paying at 28% instead of 21%."
Millions of Families Had No Financial Cushion to Last Three Months & That Was Before COVID StruckJan 8, 2021 - 06:55:38 PST
MarketWatch: Net-worth poor means a household’s net worth — total assets minus total debts — falls below a quarter of the federal poverty level, the researchers said. In other words, net-worth poverty is a measure of whether a household has enough resources to meet basic needs for three months, they added.
Argentina imposed a one-time levy on millionaires in December, and other serious proposals are being floated from California to Germany.
It was a banner year for the yellow metal, hitting a new record high of $2,070 an ounce in August, as investors sought a reliable store of value in the face of unprecedented money-printing.
With all that in mind, it was still a surprise just how ugly the December print was, with the BLS reporting that a whopping 140K jobs were lost last month, the first monthly job loss since April's record drop...
The last time I wrote about gold smuggling, I was impressed by the pain a man was willing to endure in order to hide gold from authorities. He literally stuck gold bars up his rear — two pounds of gold.Ouch.But today I have a different kind of smuggling story. It is impressive not because of the smugglers' dedication and ingenuity, but their sheer laziness.
Nonfarm payrolls were expected to increase by 50,000 in December, according to economists surveyed by Dow Jones
Gold fell 1.5%, sliding below the key $1,900 technical level on Friday as the dollar and Treasury yields picked up steam, ahead of the U.S. nonfarm payroll data that could give further clues on economic health.
Fed’s Bullard: Loose Fed, Post-Pandemic Boom Could Set Stage for Higher InflationJan 8, 2021 - 05:19:12 PST
The combination of easy monetary policy, ample government spending, and a possible economic surge once the pandemic lifts could spark faster-than-expected inflation, St. Louis Federal Reserve President James Bullard said on Thursday.
Jan 8, 2021 - 05:18:06 PST
Mixture of higher inflation and ultra-loose monetary policy expected to hurt the greenback.
The Federal Reserve has returned about $42 billion to the U.S. Treasury, and will soon transfer another $20 billion in excess funds connected to emergency lending facilities that stopped offering new loans last month...
Retail Rents Tumble to Historic Lows in New York City amid Bankruptcies and Store VacanciesJan 8, 2021 - 05:09:36 PST
Rents for retail space in New York City have tumbled to historic lows, according to a new report, in some instances dropping as much as 25% from 2019 levels.
“We know that tax rates are likely going up,” Wiener told me. “The question is, will it be 2021 or 2022?
Bitcoin’s Wild Rally and a Fear of Missing Out Has Retail Investors Flocking to CryptoJan 8, 2021 - 05:03:31 PST
New investors are rushing to capture some of the wild gains in the cryptocurrency market.