Gold and Silver Industry & Investing 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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Prices Are Going up — Here’s What Inflation Means to You
From gas and groceries to computers, cars and clothing, Americans are already paying more for everyday expenses.
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Fed’s Clarida Plays Down Significance of Rising Inflation
Federal Reserve Vice Chairman Richard Clarita acknowledged that he was surprised by April’s jump in consumer prices but argued that the rise in inflation was likely to be prove largely transitory. “Readings on inflation on a year-over-year basis have recently increased and are likely to rise somewhat further before moderating later this year,” he told a meeting...
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Household Debt Climbs to $14.64 Trillion, Due to Jump in Mortgages and Car Loans
Total household debt balances rose by $85 billion in the first quarter, a 0.6% increase that brought the total level to $14.64 trillion.
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Interactive Brokers Chair Is Worried Inflation in U.S. Could Become an ‘Unstoppable Situation'
“I’m very worried this is an unstoppable situation because the longer the Fed waits, the more they will have to raise the rates,” Peterffy added, which he said could in turn make servicing U.S. government debt more challenging. “So, we basically are painting ourselves into a box, and I don’t see how we’re going to get out of it.”
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Dow Slumps 500 Points Amid Inflation Concern, Nasdaq Drops 2.5%
U.S. stocks declined sharply on Wednesday, led to the downside by technology shares as key inflation data showed higher-than-expected price pressures.
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Insider Alert - Mike Recently Made Some Significant Changes to His Investment Portfolio
Mike Maloney recently made some significant changes to his investment portfolio. Find out what it was that Mike bought, sold, and which new sector he plans to enter in today’s Insider Action Alert.
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Assessing Potential for Higher Inflation: AIER
Today, I will present signs to watch for that may indicate if a significantly higher level of inflation is, in fact, approaching.
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Inflation Is Not Just Inevitable, It’s Part of the Fed’s Plan
it’s impossible to tell how large the spike in inflation will be, or how long it ought to take the economy to get through it.
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Biggest Rise In Consumer Prices In More Than A Decade Is Understated By Half
Inflation cycles feed on easy money: so the odds increase with each passing day that the new inflation cycle will not prove to be "transitory".
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Hedge Funds Are Guarding Against a Bond Tantrum: Bloomberg
While the reflation debate rages, traders are acting. They’re running their biggest short positions against junk bonds for more than a decade.
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Garland Says DOJ Reviewing Powers to Counter Extremism
The U.S. Justice Department is assessing whether it is positioned to combat the rise of violent extremism inside the U.S., which the FBI warns now surpasses foreign-linked terrorism as the greatest and most lethal threat facing the country.
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Judge Dismisses NRA Bankruptcy Case, Heightening Risk For Dissolution Of Group
The ruling slams the door on the NRA's attempt to use bankruptcy laws to evade New York officials seeking to dissolve the organization. In his decision, the federal judge said that "using this bankruptcy case to address a regulatory enforcement problem" was not a permitted use of bankruptcy.
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Seven States End All Federally Funded Covid-19 Unemployment Benefits
Last Friday, the U.S. Chamber of Commerce Called for End to Extra $300 a Week in Unemployment Benefits.
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The Most Hyped Corners of the Stock Market Come Unglued
And they’re joined by the IPO hype-boom stocks, including the spectacularly hyped highflyers that got shot down, such as Zoom (-49% from peak), Coinbase (-29%), or Airbnb (-35%), and they’re in turn joined by the ARK Innovation ETF (-34%). This whole thing has come unglued.
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At $49.1 Trillion, U.S. Stock Market Is Larger than Combined GDP of the U.S., China, Japan & Germany
When the motherlode of stock market bubbles finally pops, exposing the corrupt edifices on which it was built, you can count on one thing for sure – there will be lots of testimony before Congress that no one could have seen it coming.
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The Fed Should Get Out of the Mortgage Market
Even central bankers are starting to wonder why they’re adding $40 billion of housing debt every month.
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Investing With Inflation: 150 Years Of Data
Inflation is a controversial and complex topic. This article looks at 150 years of data across multiple countries to provide a general idea of what inflation is, what to look for, and how to invest with inflationary and deflationary risks in mind.
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This Time the Us Really Is Heading into a Serious Inflation Storm: The Telegraph
Jamie Fahy from Citigroup says inflation is flashing red and the Fed has fallen "behind the curve". Money is being printed to fund government spending that goes directly into the veins of the economy, or for transfers to poorer Americans with a higher propensity to spend. To all intents and purposes it is helicopter money. The character of QE has self-evidently changed.
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The Fed Further Reduces Its Transparency
“Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006.” – Ben Bernanke, outgoing Fed Chairman 2014
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Gold Reverses Post-US CPI Slide, Jumps to Fresh Session Tops
Commodity prices hit all-time highs. Gold price is dragged down, trading around $1,830. However, a big miss on US CPI may drive XAU/USD above the 200-day moving
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