Silver takes offers to refresh intraday low, prints four-day downtrend. Sustained break of monthly support line, downbeat RSI favor sellers. Three-week-old horizontal support, 200-SMA test the bears, falling trend line from April 21 adds to the upside filters. Silver extends the last week’s downside break of the monthly support line, now resistance, while taking offers
Month: May 2021
It appears the Biden administration is attempting to be the least transparent administration in American history. What Biden is actually planning… by Robert Wheeler via The Organic Prepper Currently, there’s a lot of confusion about the Biden Administration’s “Climate Goals.” MSM outlets are not clear in their reporting on what Biden said vs. what Biden
Your net worth calculation provides a financial report card for how you are doing at this point in time. Net worth is calculated by subtracting all of your liabilities (what you owe) from your total assets (what you own). If your assets exceed your liabilities you have a positive net worth. If your liabilities are
Astra VP of manufacturing Bryson Gentile, left, and CEO Chris Kemp take a protective cover off a rocket fairing half. Michael Sheetz | CNBC ALAMEDA, California — Rocket builder Astra wants to simplify the launch business, with the soon-to-be-public company on a quest to both cut manufacturing costs while dramatically increasing the number of launches
When Yoshihide Suga pledged toslash Japan’s carbon emissions by 2030, the prime minister received a warm welcome from world leaders at Joe Biden’s climate summit. But his announcement sparked panic across Japan’s bureaucracy. Policymaking in Japan normally involves a slow and painful process of building consensus. This time, however, Suga imposed the target — a
Colombia’s president Iván Duque asked congress on Sunday to withdraw his much-criticised tax reform bill after five days of sometimes violent street protests in which at least six people have been killed. The embattled president said his government would present an alternative draft law soon “that is the fruit of consensus”. He insisted that some
Financial advisor Michael Policar launched an RIA with a heretical approach toward the gospel of growth that’s often dogma in wealth management. After three years with Hightower — one of the largest and fastest-expanding wealth managers — Policar dropped his FINRA registration as well as the firm’s broker-dealer and RIA on his 37th birthday this
Since peaking in mid-February, shares of Roku (ROKU) have retreated by 28%. Pullbacks amongst growth-oriented stocks have been a common theme this year. Sector rotation, inflation fears and worries of overstretched valuations have all been cited as reasons for the decline amongst previous high-flyers. However, while Roku stock was an investor favorite last year and
From Birch Gold Group You might think a gift card should be something you just can’t put a negative spin on. While the recipient might not always be perfectly content with the available choice of the store or what can be purchased, gift cards have long served as a ubiquitous token of appreciation. They’re given out
One crypto user is seemingly taking exception to current monetary policy from the Bank of England, or BoE, and expressing their frustration with a laser projector. Reported by Twitter user Dominic Frisby, an unknown person projected “Bitcoin fixes this” and other messages on the exterior walls of both the BoE and the Parliament of the
Hold on to your Stetsons because the real estate dirt is flying high in Texas, spurred this time, by a familiar real estate name from The Big Apple. On April 27, The Eklund | Gomes Team at Douglas Elliman Texas Real Estate made their first sale in the Lone Star State, and boy, howdy, was
urbazon | E+ | Getty Images It’s one of those debates that rarely seems to have a clear-cut winner: Should retirees pay off their mortgage or continue making those monthly payments? The answer — probably somewhat annoyingly — is that it depends. Of course, there are a couple of immediate benefits to paying off a
At CNBC’s Stock Draft, an annual stock-picking competition, bitcoin was the number one pick. Tim Seymour, the founder of Seymour Asset Management, believes that the government will come out with regulations that support bitcoin. He is confident that the cryptocurrency will take him “to the top” this year. Bitcoin Was Top Pick at Annual Stock
Today’s column addresses questions about whether Congress will correct an issue caused by Covid-19 that could mean lower lifelong benefits for those born in 1960, potential repercussions of Social Security overpayments and withdrawing a retirement benefit and reverting to survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
New York Mayor Bill de Blasio touted his $98.6 billion executive budget as recovery-themed. Critics say the number, while appropriate for a body temperature, is too feverish for a spending plan. The mayor’s fiscal 2022 plan is up 7% from his $92.3 billion preliminary budget in January. Should the 51-member City Council approve de Blasio’s
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The National Institute of Statistics and Informatics of Peru (INEI) has announced today that the domestic mining and hydrocarbons sector
A decline in savings, which is an increase in spending, is considered as good news for economic activity. The… by Frank Shostak via Mises According to the National Income and Product Accounts (NIPA) the US personal savings rate stood at 13.6 percent in February 2021 against 8.3 percent in February 2020. Since consumption expenditure is considered as
Human capital and economic growth have a strong correlation. Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. Human capital refers to the knowledge, skill sets, and experience that workers have in an economy. The skills provide economic value since a knowledgeable workforce
A selection of food that is on the menu at the Jack in the Box on Campus Drive in Irvine, Calif. Glenn Koenig | Los Angeles | Getty Images First-quarter earnings season is well underway, with several tech heavyweights reporting their financial results for the most recent quarter this past week. There’s more to
Shares in businesses that went public through deals with blank-cheque companies have dropped by an average of two-fifths from their highs, as appetite for the once red-hot sector of the US stock market cools rapidly. Of the 41 blank-cheque companies that have completed transactions since the start of 2020, only three are even within 5
El Salvador’s authoritarian president Nayib Bukele has moved to consolidate his grip on power following a landslide win in recent national elections, seizing control of the top court and replacing the attorney-general in a move condemned by the US and business leaders as well as opposition groups. In a marathon first session of the new
President Biden’s proposed income tax increases for the wealthy would hit individuals earning more than $452,700 in 2022 and married couples making at least $509,300, according to a White House official. The new top 39.6% tax bracket, proposed in Biden’s American Families Plan on Wednesday, would encompass less than 1% of taxpayers, the official said,
The internet transformed advertising, and advertising, in turn, has impacted the net. From pop-up ads to pay-per-click to targeted advertising, finding and reaching the target audience – the raison d’etre for marketers and advertisers, has exploded and evolved in the digital age. And along with it has come an array of ad tech companies, specialists
Spartan Protocol, a liquidity platform for synthetic assets on the Binance Smart Chain, was drained of $30 million in a coordinated attack on its liquidity pool late Saturday. The exploit targeted a “flawed liquidity share calculation” in the SPARTA/WBNB liquidity pool, which enabled the attacker to withdraw the funds, blockchain security company PeckShield explained. The
Mike McMullen is the CEO of Prominence Homes and the author of Build. Rent. Sell. Repeat! If you invest in housing you’ve probably used the “1% rule” to judge a potential property’s rate of return. For the uninitiated, the 1% rule states that, in order to be a good investment, a home needs to generate at least
Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following the difficulty drop, Bitcoin’s hashrate is climbing northbound again nearing the
The Federal Reserve says not to worry about the 2.6% jump in the CPI. But the bond market is skeptical and it may be time to get yourself some protection. In the past year: —house prices have gone up 12%. —lumber prices have tripled. —shares of mediocre companies like The New York Times, American Water
The key benchmark that the Federal Reserve targets to control monetary policy dropped for the first time this month, dragged down as growing imbalances in the Treasury-bill market weigh on short-term dollar rates. The effective fed funds rate, which the central bank is currently aiming to keep within a range of 0% to 0.25%, slipped
(Kitco News) Next week’s U.S. data will be running hot, and gold will be closely following the market’s inflation expectations as commodities continue to surge, analysts told Kitco News. For now, the gold market is ignoring its perfect storm of low interest rates, more government spending, and rising inflation expectations. However, next week could test
If you wanted to design a perfect currency for the farce that our financial system has become, you couldn’t do better than Dogecoin. It was… by Michael Snyder of The Economic Collapse Blog If you wanted to design a perfect currency for the farce that our financial system has become, you couldn’t do better than