Precious metals are apparently waking up. And here is where you can find the best deals.
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U.S. equity futures rose with global stocks as a wave of stimulus optimism spread across Europe and Asia. The dollar slipped with Treasuries.
House Overrides Trump Veto of $740 Billion Defense Bill, Sends to GOP Led SenateDec 29, 2020 - 05:13:40 PST
It has been signed into law every year for nearly six consecutive decades.
House Passes Bill for $2,000 Stimulus Checks, Leaving It Up to GOP Controlled SenateDec 29, 2020 - 05:11:09 PST
The House approved $2,000 direct payments, a day after President Trump signed a bill that includes $600 stimulus checks.
Dec 29, 2020 - 05:08:38 PST
Europe Eyes Measures to Bolster Uptake of Covid Vaccines.
Spot gold gained 0.03% to $1,876.51 per ounce, after earlier hitting its highest since Dec. 21 at $1,900.04. U.S. gold futures were down 0.2% to $1,880.40.
From 2011 to the end of this year, four super-large gold deposits each with reserves of more than 100 tonnes were discovered, along with eight large gold deposits and 121 small and medium-sized gold deposits, said Yu Xiangdong, director of the department.
Doug Kass' 15 Surprises For 2021: But Silver Is The Big Winner As It Doubles to Over $50/ozDec 28, 2020 - 12:15:23 PST
Surprise #7 A Decline in the U.S. Dollar Spurs an Advance In Gold (to $3,000/oz) and a Ramp of +50% in Bitcoin (to $40,000) - But Silver Is The Big Winner As It Doubles to Over $50/oz -
All new vehicles in Japan must be hybrids or fully electric starting in mid-2030s and this has Toyota howling.
Sales are up but the holiday shopping season was not the same as last year.
JPMorgan Acquiring a Major Credit Card Rewards Business in a Bet That Travel Will Rebound Next YearDec 28, 2020 - 12:02:15 PST
JPMorgan had partnered with cxLoyalty for its popular credit-card rewards program until 2018, when the bank switched to using Expedia.
Long-term Treasury yields seem poised to move up in the first half of 2021, but the Federal Reserve may set a limit on how high they can go.
Dec 28, 2020 - 11:42:31 PST
We commented that despite the very tame CPI reading, alternate measures of inflation were telling a different story. Chief among them are inflation expectations as priced by the Treasury bond market. Well, this week we again got another inflation data print that showed...
The Federal Reserve released a survey this week showing that applications for consumer credit cards has collapsed during 2020.
Every year, Cornell prof David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception.
"Consumers" are half the worlds population, have average income per capita above $4,045...enjoy 80%+ of the income, savings, access to credit and likewise consume 80%+ of the worlds exported commodities and 80%+ of the worlds energy. They have average income of $12,000'ish. Consumers include:
Are commodities ending a 5-year trading range, inside of a 50-year bull trend? Sure is looking like it!
The frenzied pops in initial public offerings and a quote from Randall Forsyth discussing why the current market mania reminds him of the "Shades of 1999."
It has been a long year for the Federal Reserve. But Fed Chair Jerome Powell has made it clear: The central bank is not out of ammo.
World trade continued to fall in 2020. And it may shrink even more in the years ahead.