Gold & Silver Investment News & Trends

News and Trends

Sell-off accelerates amid surging bond yields, Dow falls 550 points- CNBC--2.25.21
U.S. stocks fell sharply on Thursday as a surge in bond yields spooked investors, who then rushed to dump risk assets. The major averages tumbled to their session lows as the 10-year Treasury yield soared about 0.2% in a move that some described as a "flash" spike.

Covid pushing world towards digital economy - Dawn--2.22.21
After the Covid-19 pandemic struck, the world made a move towards a digital economy. There has been an explosion in online shopping and viewing of movies. The pandemic has impacted the life of every human on the planet and has changed the way people work.

Study finds 1 in 10 U.S. workers may have to switch jobs by 2030 due to the impact of COVID-19- Fox Business--2.18.21
About 17 million Americans, or one out of every 10 workers, may need to transition out of their jobs by 2030 due to the impact of COVID-19 on the labor market, according to a new report.

Jobless claims show unexpected move higher - CNBC--2.18.21
First-time filings for jobless claims saw a slight increase from the previous week as labor market struggles persist. New claims saw their highest level in a month and was above the Dow Jones estimate of 773,000, according to the Labor Department.

Stocks fall as investors fret over jobless claims, inflation- AP--2.18.21
Stocks posted modest losses on Thursday as investors has little reasons to buy stocks after the release of discouraging U.S. economic data.

Household debt rises to $14.6 trillion due to record-breaking rise in mortgage loans- CNBC--2.17.21
Consumer debt totaled $14.6 trillion at the end of 2020, rising 1.4% in the fourth quarter. The increase in consumer debt came largely due to a record-breaking rise in mortgage debt, which now totals more than $10 trillion.

U.S. Home Prices Pass 2005's Peak Level- Zero Hedge--2.15.21
U.S. housing prices have finally eclipsed their peak from 2005 in the years leading up to the Great Recession. A combination of low interest rates and trillions in freshly printed dollars has led to the median price of a single family home rising 14.9% in Q4.

U.S. budget deficit jumps to $163 billion in January as Washington pumps more money into the economy - Market Watch--2.10.21
The U.S. federal budget deficit increased sharply in January to $163 billion as Washington continues to pump more financial aide to families and unemployed workers to cushion the blow of the coronavirus pandemic.

Unpaid rent is piling up. Landlords can't hold on forever- CNN Business--2.9.21
Millions of struggling renters caught a break when the federal moratorium on evictions was extended through the end of March. But for many landlords across the U.S., it was bad news. By extending the moratorium, it leaves landlords saddled with the financial burden of providing housing without sufficient resources.

Here’s what’s in the $600 billion relief plan from 10 Republican senators - Market Watch--2.1.21
A group of 10 Republican senators have presented a counter-offer to President Joe Biden's COVID-19 relief plan. The plan comes with a $600 billion price tag with $160 billion attributed to "direct COVID pandemic response."

Mark Cuban says he’s worried about the market and ‘hedged the heck’ out of his portfolio- CNBC--1.28.21
Billionaire entrepreneur Mark Cuban is concerned about valuations across a range of asset classes and is hedging his portfolio accordingly. Cuban believes there will be deflation of some sort in those appreciable assets.

The IMF’s Economic Crystal Ball Is Broken- National Interest--1.27.21
The IMF could be once again caught flatfooted by the next global economic and financial market crisis. The IMF does not have a good record of anticipating these crises and judging by its latest upward revision to its World Economic Outlook, its would appear that the IMF will once again be caught flatfooted.

Opinion: Households are plundering 401(k)s to survive the COVID-19 crisis- Market Watch--1.13.21
Large numbers of Americans are forced to tap into their retirement accounts to make ends meet during the last year, despite the federal government putting trillions of dollars into the economy to keep it afloat.

Goldman Sachs’ chief economist warns a pullback for stocks could be coming soon- CNBC--1.13.21
Goldman Sachs Chief Economist Jan Hatzius says market valuations might stop moving "relentlessly higher." According to Hatzius, a pause could come as result of a renewed focus on the Fed tapering its stimulus program.

"News and commentaries posted at Swiss America does not necessarily express the opinions of Swiss America nor of its personnel. Swiss America attempts to post only credible news and opinions, however we do not take responsibility for the accuracy of external content nor should it be construed as an endorsement."

More Links

Weekly Charts

Current Spot Prices

Weekly Charts
Current Spot Prices