Precious metals are apparently waking up. And here is where you can find the best deals.
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World shares limped toward their biggest weekly fall of the year on Friday, though investors took heart from a dip in government bond yields as the incoming Bank of Japan chief ruled out an early end to its super-easy monetary policy.
Comex Update: Palladium Contracts Represent 280% of Available Metal with 2 Days to GoFebruary 24, 2023
Gold deliveries in February came in quite low for a major month, totaling only 15,055. This is the lowest month going back to February 2020 (pre-Covid). The chart below shows the big spike in deliveries seen after Covid started. While the current month is still above any pre-Covid month, it is small when compared to some of the major delivery months seen recently.
The Federal Reserve came close but still fell short of its $95 billion per month balance sheet reduction target through the last full week in February. This means the Fed has fallen short in 8 of the last 9 months.And with rising interest rates coupled with even this modest balance sheet reduction, the Fed is also bleeding money.
Why should you own gold in your investment portfolio? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about some reasons to own gold, including its historical wealth-preserving qualities and its role as a safe haven. He also talks about a new buzzword central bankers and politicians are using to make inflation seem less bad.
A Major RED FLAG for Precious Metals Investors has arrived, which I discuss in this new video report. Unfortunately, one well-known stock in the precious metals community is one that I WOULD STAND CLEAR OF. This is a MUST-SEE Report for all SRSrocco Subscribers...
US Legislators Introduce Bill That Would Prohibit Creation Of An American CBDCFeb 23, 2023 - 13:35:01 PST
The bill, titled the “CBDC Anti-Surveillance State Act” details that “Except as specifically authorized under this Act, a Federal Reserve bank may not offer products or services directly to an individual, or maintain an account on behalf of an individual, or issue a central bank digital currency directly to an individual.” It goes on to further detail specifically that “The Board of Governors of the Federal Reserve System and the Federal Open Market Committee may not use any central bank digital currency to implement monetary policy."
After a long period of consolidation, the bull market for gold prices may be poised to resume.
Feb 23, 2023 - 13:23:15 PST
On the heels of overwhelming votes to remove all taxes from purchases of precious metals in Mississippi, legislators in Vermont have introduced a measure to curtail the controversial tax in their own state.
Feb 23, 2023 - 13:22:42 PST
The trend across the nation is to eliminate taxes on precious metals. The state of Louisiana and Ohio both experimented briefly with reimposing sales taxes on precious metals purchases. They both quickly reversed course..
Gold is nearing its strongest buy signal in four months as the U.S. dollar eases off a rally that’s carried the greenback to its highest point since early January. According to the 14-day relative strength index (RSI), gold was at its most oversold level since October 2022 at the end of last week, indicating it […]
Iraq is the latest nation in the Global South to move away from the US dollar in bilateral trade with China
Quietly and off most people’s radar screens, US residential fixed investment (home building) has slumped by 20 percent in the past year – a rate of decline that puts it on a par with the major housing recessions of 1990, 1980, 1973, 1965, and 1951.
Feb 23, 2023 - 12:20:50 PST
If yesterday had been National Creepy Crooks Day, JPMorgan Chase would have taken top honors. Bloomberg News reported on the creepy emails that former JPMorgan Chase executive Jes Staley was sending back and forth from his email account at the bank to child sex trafficker Jeffrey Epstein, as the bank was only too happy to handle 55 accounts worth hundreds of millions of dollars for Epstein.
I have known Alan Collinge of Student Loan Justice for multiple years now. He has been prompting some type of relief for those who will never be able to payback these loans or are in default.
The national debt has risen at a blistering pace over recent decades and is now higher than any era of the nation’s history—even when adjusted for inflation, population growth, and economic growth (GDP).
The West never won over as much of the world as it initially seemed. Here’s how Russia is taking advantage of a fragmented world.
Yellen Warns China of ‘Serious Consequences’ in Helping Russia Skirt US SanctionsFeb 23, 2023 - 12:07:23 PST
Speaking at a news conference ahead of a G20 financial leaders meeting in Bengaluru, India, Yellen made it clear the U.S. would crack down on any efforts to skirt the financial sanctions levied against Russia to cripple its war effort in Ukraine.
The Stock Market’s Rally Was a Head Fake and the Smart Money Now Is With the Bears: MWFeb 23, 2023 - 12:05:18 PST
S&P 500's support is at 3900, then 3760 -- the December 2022 low, writes Lawrence McMillan.
While Americans are preoccupied with balloons and other stories that are mostly for show, more serious thinkers are applying themselves to oil, natural gas, gold, the dollar, technology and other geoeconomic benchmarks.
Mortgage rates continued their steep climb this week, surging closer to 7%, and forcing more would-be buyers back to the sidelines.