Precious metals are apparently waking up. And here is where you can find the best deals.
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The Federal Reserve was nearly unanimous in its decision last month to leave its bond-buying program unchanged, but left a wide berth for officials to decide in the future if and when changes should be made, according to minutes of the U.S. central bank's December policy...
Why the Stock Market Is Looking past the Washington Turmoil and Keeps Going HigherJan 7, 2021 - 05:04:32 PST
That transition to power has come with a belief that more stimulus is coming: materials, energy, industrials and other cyclicals that would benefit from stimulus were all up 2%-4%. Banks were higher on a steeper yield curve.
Kevin O’Leary Criticizes Stimulus: Unemployed Americans Should Get ‘$2,000 per Month’ for 12 MonthsJan 7, 2021 - 05:02:50 PST
"I would have preferred that Congress took the money and gave all directly to individuals that are in dire straits," Kevin O'Leary says.
The U.S. is recording at least 219,200 new Covid-19 cases and at least 2,670 virus-related deaths each day, based on a seven-day average of JHU data.
Thanks to the magical lure of technology, the market has become the Greatest Speculative Bubble in history. Today, the market valuations make the 2000 DOT.COM Bubble look like small potatoes. Unfortunately for many investors with Dollar signs in the eyes, Tesla and Bitcoin are nothing more than...
With the Fed and central banks pumping up the markets with a record amount of money printing, liquidity, and stimulus, investor demand for precious metals continues to be very strong. In the first week of 2021, the U.S. Mint sold 2.7 million Silver Eagles. The Mint also sold 45,000 oz of Gold Eagles...
The 2000s were transformative for metal prices, which experienced a tectonic demand boost from industrialisation and urbanisation in emerging nations, China in particular.
As a reminder, the last time the Fed tried to taper without sparking a market crash was in 2013... and the result was a disaster with bond yields pulling back by 150bps in a few weeks. This time, with the Fed's balance sheet nearly 3x bigger, even the faintest attempt to tapering QE from its current pace of $120BN per month would have devastating...
Nearly 60 of the S&P 500 Index components currently trade more than 10 times revenues. There’s no telling when the current market will run out of fools this time but, when it’s all said and done, that last buyer may justly earn the title “greatest fool” of all time.
James Rickards talks with Jay about his new book, “The New Great Depression” talks about how pandemics have affected history and how to survive financially.
Rickards says, “Initially, the problem right now is deflation and not inflation, but deflation. There is too much debt. Growth is too slow, and the psychology is wrong because people are saving and not spending.”
Consumer Bankruptcies in 2020 Lowest in Decades as 20 Million Still Claim Unemployment BenefitsJan 6, 2021 - 11:43:41 PST
Amid Stimulus, Forbearance & Eviction Bans. But how will all this unwind? Commercial Chapter 11 Bankruptcies Highest in Years.
Additionally, as Bloomberg notes, the Minutes show clear evidence that the FOMC is planning to largely ignore a 2021 burst of inflation:...
Going into the meeting, Fed officials had been warning heavily on the need for further fiscal stimulus. That uncertainty is now out of the way after US President Trump late December finally signed the Bill, and there is an expectation that the incoming Biden administration will continue to add fiscal support.
Options traders are making bets that gold is set to continue making gains amid the U.S. dollar's weakness.
Perth Mint's gold product sales in December eased from the previous month but robust investment demand for the safe-haven metal led average monthly 2020 shipments to double from the prior year, the refiner said in a blog post on Wednesday.
It’s not exactly a surprise, but Merriam-Webster said the 2020 word of the year was unprecedented. Overused perhaps, but definitely accurate. What will this year bring with gold and silver? The answer begins by looking at the context of 2020—where we came from and where it left us. So let’s review to see just how unprecedented last year was, including gold and silver’s performance vs. other assets. And then we’ll examine the potential catalysts that are still brewing. Let’s start by looking at the fourth quarter…
Institution says pandemic has led to sharpest rise in government debt in more than 30 years.
Global debt rose by more than $15 trillion last year to a record $277 trillion, equivalent to 365% of world output, according to the Institute of International Finance. Debt from all sectors -- ranging from household to government to corporate bonds -- surged, based on data from the Washington-based IIF...
A win for Democrats in two Georgia races for U.S. Senate seats could help the party overcome opposition to $2,000 stimulus checks.