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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The Buffett Indicator at All-Time Highs: Is This Cause for Concern?
In 2001, Warren Buffett famously described the stock market capitalization-to-GDP ratio as “the best single measure of where valuations stand at any given moment.”
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"It's A National Crisis": Officials Admit Billions Lost In "Veritable Tsunami" Of Pandemic Aid Fraud
While lawmakers debate President Biden's $1.9 trillion economic rescue package, fraud cases could surge once more - it could take quarters, if not years, to figure out some of these complex fraud cases. Maybe "helicopter dropping" trillions of dollars on the economy is not an effective measure after all.
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The Babble-On 7: The Fed and Yellen
So babble on, Babble-On 7; it won't change anything. The forces in motion are like tides, and you can't talk the tide into reversing.
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Will The Economy Replace Ten Million Jobs By 2022?
A look at the many obstacles that lie in the way of the economy creating 10 million new jobs by the beginning of next year.
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The Only Reason To Be "Bearish" Is "No One Is Bearish"
A recent survey of Wall Street fund managers by Bank of America found that "no one is bearish." Maybe that is the rationale to "be bearish?"
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What Happens to the Markets If Long-Term Interest Rates Double from Here?
Did Low Interest Rates Boost Auto Sales? Do These Covid Markets Make Any Sense?
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Shipping Costs, Trucking Rates Soar Despite Demand Below Prior Years. Now Add Diesel Price Surge
Inflation worming through various levels of the economy despite suboptimal demand.
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The Weird World of Inflation (And what it means for Deflation)
Mark Mobius, the emerging markets investment pioneer, has recently published a book titled “The Inflation Myth and the Wonderful World of Deflation.” In it, he argues that consumer price inflation measurements are severely flawed, a central reason being that no account is taken of changes to the quality of the good or service, or innovation generally.
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Gold Jumps 1.5% as Inflation Concerns Lift Demand
Gold rose more than 1.5% to a near one-week high on Monday, despite a jump in U.S. Treasury yields, as expectations for rising inflation triggered equity valuation concerns and drove investors towards the safe-haven metal. "We are seeing investment flows into gold as market participants grow more anxious about rising real rates that can impact equity...
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Yellen Sets The Stage For Higher Corporate Taxes, Yield Curve Control And A Digital Dollar
In comments made on Monday morning, Fed Chair Treasury Secretary Janet Yellen set the stage for several exciting new initiatives, including a higher corporate tax, potentially higher capital gains taxes, yield curve control... oh and a digital dollar.
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ECB Is ‘Closely Monitoring’ Bond Yields as Gains Spark Concern
European Central Bank President Christine Lagarde said her institution is “closely monitoring” the market for government bonds, in a sign that she might act to prevent rising yields undermining the economic recovery from the pandemic.
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Central Banks Are Already Facing Up to Threat of Rising Yields
Reflation trades reached a fever pitch in Australia’s bond markets Monday in a burst of activity that will be hard for global policy makers to ignore.Ten-year yields climbed the most since the height of the market dislocation in March 2020, while benchmark three-year yields inched further above the Reserve Bank of Australia’s 0.1% target.
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Yellen Says to Judge Biden Stimulus on Speed of Return to Pre-Pandemic Unemployment
U.S. Treasury Secretary Janet Yellen said on Monday she will judge the success of President Joe Biden's coronavirus stimulus plan by how quickly it returns the economy to pre-pandemic levels of unemployment. Speaking to a New York Times Dealbook online event, Yellen also played down the increased debt levels that would be incurred from...
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Europe Should ‘Go Big’ on Fiscal Policy Too: FT
One year on, the eurozone needs to rediscover the “whatever it takes” spirit. The ghosts of the past crisis have resurfaced: governments are not spending enough to support the recovery and stimulus plans pale in comparison to more aggressive “go big” measures being debated in the US.
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Powell to Face Pressure From Lawmakers Over Stimulus This Week
Federal Reserve Chair Jerome Powell can expect pressure to support the stimulus plan of Democratic lawmakers when they host him this week on Capitol Hill for the first time since regaining control of Congress.In testimony before the Senate Banking Committee on Tuesday and the House Financial Services panel the following day, Powell will probably...
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Dollar Holds Its Ground as Markets Focus on Rising Yields
The U.S. dollar pared losses after reaching multi-year lows against sterling and the Australian dollar on Monday as traders focused on whether vaccine progress, expectations for faster economic growth and inflation would push bond yields higher.
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Reflation Trade Gets Shot in the Arm With Rate Hikes in Focus
A wave of reflation bets sweeping across global markets is prompting traders to brace for an end to the low interest-rate regime earlier than expected. The ramp-up in inflation expectations intensified a selloff in Treasuries sending the gap between the 5- and 30-year yields to the widest since October 2014 and bringing forward expectations for U.S. rate...
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Copper Surges Above $9,000 as Shortfall Concern Spurs Rally
Copper rose above $9,000 a metric ton for the first time in nine years, taking another step closer to an all-time high set in 2011 as investors bet that supply tightness will increase as the world recovers from the pandemic. Copper is surging amid a broad rally in commodities from iron ore to nickel, while oil has gained more than 20% this year.
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Global Shares Dip as Bond Yields, Commodities Surge
World shares sank on Monday as expectations for faster economic growth and inflation battered bonds and boosted commodities, while rising real yields made equity valuations look more stretched in comparison.
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Forget Bitcoin — Fintech Is the 'Real COVID-19 Story,' JPMorgan Says
JPMorgan thinks bitcoin is an "economic side show," despite the cryptocurrency's monster rally.
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