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Everybody was happy to get 2020 behind them. We figured it can't get any crazier. Then 2021 showed up and said, "Hold my beer!" During the first full week of 2021, we had surprise election results and protests that went sideways in Washington D.C. That produced strange reactions on Wall Street. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about a wild week one of the new year and ponders what might be coming down the pike.
Capitol Chaos & a Record Market Rally: Traders on the Disconnect Between Washington and Wall StreetJan 8, 2021 - 04:59:10 PST
Stocks shook off political tensions to rally to new highs. Trader Nancy Tengler said there's no disconnect: The market is "looking forward to future earnings."
December's job growth likely slowed from November's pace and could even be negative, as businesses responded to the spreading virus.
The Treasury Department announced Thursday that about 8 million stimulus payments will be mailed out starting this week in the form of prepaid debit cards.
The Covid-19 vaccines are here and distribution has begun. But what if something goes wrong?Whether it’s a loss of income, hefty medical bills or other serious adverse effects from getting a shot, someone has to pick up the tab, be it vaccine manufacturers or governments.
The U.S. is recording at least 222,600 new Covid-19 cases and at least 2,680 virus-related deaths each day, based on a seven-day average of JHU data.
Gold Futures Settle Higher to Mark a Partial Rebound from Recent Losses: MWJan 7, 2021 - 12:57:50 PST
Gold futures edged up on Thursday to recoup a portion of their loss of more than 2% in the previous session. "Gold is consolidating between $1,900 and $1,950...
MIKE NOVOGRATZ: I think both gold and Bitcoin are going a lot higher. Gold could easily go up 30% this year.
Fed’s Bullard Says Inflation May Be ‘Higher Than We’re Used To’ This Year: MWJan 7, 2021 - 12:53:06 PST
Inflation may surprise on the upside this year, said St. Louis Fed President James Bullard on Thursday. Bullard said he was also more optimistic about the...
Gold and gold stocks could prove useful if inflation takes hold: George Cheveley, Portfolio Manager, Thematic Equities
U.S. mortgage rates kept falling in the first week of 2021, with the 30-year hitting the lowest level on record.
The bond bull market is undergoing a critically important test right now and the coming weeks could determine the fate of bonds for years to come.
Jan 7, 2021 - 11:56:37 PST
Gold wins the store of value argument today, bitcoin wins the growth of value
Gold surged to start the year but it gave much of it back after the Senate election and now it's gone quiet in the $1915 range.
Financial markets are likely to be hit more often by the kind of upheaval unleashed by the COVID-19 pandemic, and central banks need new tools to deal with powerful investment firms at the heart of the turmoil, a Bank of England official said.
Goldman Expects Dems To Pass New $750BN Stimulus Next Month, Sending Economy Into OverdriveJan 7, 2021 - 10:49:58 PST
On timing, Goldman expects that the bill will pass mid-February to mid-March and that the payments would occur quickly after passage.
Bitcoin has just hit an all-time-high price, and our support desk has been inundated with questions from customers asking what Mike Maloney makes of this. In response, Mike has recorded two in-depth videos that answer the questions we are seeing the most: Is it too late to participate? Can Bitcoin go to zero? What other cryptocurrencies does Mike own? What is his strategy? All that and more in today’s double Bitcoin feature. Enjoy.Part 2
Despite broadening lockdowns, the recovery trade in FX markets is in full swing and the dollar bear trend is showing no signs of slowing.
Americans’ Retirement Savings May Not Be That Safe After All, New Survey FindsJan 7, 2021 - 09:15:51 PST
A majority of Americans — 60% — withdrew or borrowed money from qualified retirement plans since COVID-19 first arrived in the U.S., two-thirds of whom did so to pay for basic living expenses, according to a new survey from Kiplinger’s Personal Finance Magazine and financial firm Personal Capital.
Jan 7, 2021 - 08:58:42 PST
Mohamed El-Erian warns of the consequences of a rise in inflation and higher interest rates. In addition, the internationally renowned economist who coined the term «New Normal» explains how he navigates through today's challenging market environment.