NEWS
Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.
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Chaotic Treasury Selloff Fueled by $50 Billion of Unwinding
Market detectives looking to explain the fury of Thursday’s Treasuries selloff will find most of the evidence pointing to technical rather than fundamental reasons. A combination of supply indigestion, a potential $50 billion position unwind and vanishing liquidity exacerbated moves as traders aggressively repriced the Federal Reserve rate-hike outlook...
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Global Bond Rout Turns up the Heat on Central Banks
Central banks in Asia struggled to smother a selloff in global bonds on Friday, piling pressure on their bigger peers to do more, as spooked investors sold assets to cover deepening losses and rushed out of crowded positions in stocks.
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Emerging Markets Brace for Capital Flight Amid Echo of 2013
After rallying at the start of 2021, developing-nation assets have slumped during the past two days as U.S. Treasury yields jumped to the highest level in more than a year, sounding a warning about the outlook for interest rates and inflation.
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Stocks Turn Lower as the Market Struggles to Rebound From Sharp Losses Triggered by Rising Rates
Stock futures were volatile in early morning trading Friday after the Nasdaq Composite suffered its worst session since October.
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Welfare Nation: Americans' Income Tumbled In January Excluding Government Handouts
Thanks to government handouts starting to wash across the nation, analysts expected personal incomes to explode higher in January (and spending to rise after two declining months) and they were right. Personal incomes rose 10.0% MoM (better than the +9.5% expected) while spending rose 2.4% MoM (slightly worse than the +2.5% expected)....
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Families Could Get More Than $14,000 in COVID Relief. It's Looking More Like Universal Basic Income
New $1,400 stimulus checks and monthly child tax credit payments could result in a big payday for a family of four earning less than $150,000.
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JPMorgan Warns That a Consumer Credit Crisis Could Derail India's Economic Recovery
India's micro, small and medium businesses contribute about 30% to the nominal GDP and the sector is the second-largest employer, according to the RBI.
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China's Economy Could Double in Size by 2035 — and Surpass the U.S. along the Way
China would surpass the U.S. as the world's largest economy around 2027-2028, said an economist from the Bank of America.
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Government Handouts Spark January Surge In Personal Income
Thanks to government handouts starting to wash across the nation, analysts expected personal incomes to explode higher in January (and spending to rise after two declining months) and they were right. Personal incomes rose 10.0% MoM (better than the +9.5% expected) while spending rose 2.4% MoM (slightly worse than the +2.5% expected)....
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Why Stock Investors Are Starting to Really Worry About Rising Bond Yields
Fear of inflation is causing investors to speculate the Fed may have to shift policy sooner than expected.
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Bank of England Official Warns Inflationary 'Tiger' Has Awoken, Sending Bond Yields Higher
Inflation; “The combined effects of unprecedentedly large shocks, and unprecedentedly high degrees of policy support, have stirred it from its slumber. In this environment, the tiger-taming act facing central banks is a difficult and dangerous one,” Haldane said.
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SDR's: Here’s How Janet Yellen Should ‘Go Big’ On Covid-19 Relief
Now a fresh proposal is in front of the Biden Administration to support the issuance of $500-650 billion in new SDRs, with Secretary Yellen playing a key decision making role. One immediate benefit of her choosing to back a new issuance is that these resources are flexible and could be used by both richer and poorer countries to meet a range of development needs related to the Covid-induced economic crisis, including rising hunger and joblessness.
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House Set to Approve Biden’s $1.9 Trillion Stimulus Package, Send Bill to the Senate
Democrats are trying to pass the $1.9 trillion relief bill, which includes direct payments and unemployment benefits, by March 14.
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Coronavirus Cases Are Falling Globally, but the Big Question Is: Why?
For the sixth consecutive week infections have plummeted worldwide. Our Global Health team looks at what might explain the fall in cases.
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Covid Live Updates: CNBC
The U.S. is recording at least 73,300 new Covid-19 cases and at least 2,160 virus-related deaths each day, based on a seven-day average of JHU data.
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Amateur Treasure Hunter Finds Trove of 1,000-Year-Old Viking Gold & Silver Jewelry: Smithsonian
“Gold items were not very common during the Viking Age,” says Allison Fox, an archaeologist at Manx, in the statement. “Silver was by far the more common metal for trading and displaying wealth. It has been estimated that gold was worth ten times the value of silver and that this arm ring could have been the equivalent of 900 silver coins.”
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History of the Silver State: Nevada and its Silver Districts
Nevada and its silver districts built the western territory into a modern American state. Today, the world best knows Nevada for its modern gold production—however, a new generation is rediscovering Nevada’s famous silver districts and their potential.
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Gold Slides More Than 2% as U.S. Treasury Yields Rise
“There are other supportive factors for gold at play (including) prospects of another stimulus package. We’re not out of the woods yet when it comes to economic recovery and the Fed is unlikely to raise interest rates anytime soon,” High Ridge Futures’ Meger said.
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Silver Squeeze: Can the COMEX Be Broken?
With all eyes on silver this week, take a deep dive into whether or not the COMEX could actually be broken. Is this a sprint to the finish? Or a marathon event? Join Mike Maloney and Jeff Clark as they welcome our new regular guest, Adam Taggart, to our team at GoldSilver.com.
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COVID Will Fade, BUT...
But going forward, the brutal facts of America’s crippled economy are crashing down on Biden and his Woke managers like the wrath of history. All the executive orders in the world won’t change that.
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