By: Stefan Gleason Silver prices aren’t just rising; they’re erupting! Silver has been ascending at a far steeper rate than the climactic move of 2010-2011 which briefly brought prices back up to all-time nominal highs. Adding a 20-week rate of change (ROC) indicator to the silver futures chart below shows prices gaining 122.4% over that […]
Money
Kodak crashes again as U.S. set to investigate executives over ‘wrongdoing’
Whoever shorted Kodak is raking in the dough right now. After skyrocketing from a buck to as high as $60 in intraday trading last week, Kodak shares are cratered. The stock fell to below $10, although it has pared some of those losses on Monday. At the time of this writing, Kodak is down 28 […]
Federal Reserve buys Apple, Microsoft bonds despite tech boom
The Federal Reserve scooped up more bonds from multi-billion-dollar multi-national corporations last month, giving Wall Street a clandestine bailout. According to new central bank data, The Fed bought corporate bonds from: Apple Microsoft Coca-Cola Walmart Walt Disney AT&T Comcast General Motors BMW These were just the tip of the iceberg. The total value of holdings […]
Federal Reserve’s Neel Kashkari recommends six-week lockdown to beat COVID-19
Should the United States shut down again for six weeks? One Federal Reserve official thinks so. According to Minneapolis Federal Reserve head Neel Kashkari, the best way to support the economy and halt the resurgence of the coronavirus pandemic is to close the coutnry for up to six weeks. Co-writing an op-ed in The New […]
Gold inching toward $2,100, silver surges 6% to test $29
The sudden spike in gold and silver has been impressive, although it is unsurprising considering the inflation bomb about to go off. At the time of this writing, gold prices topped $2,070, while silver is nearing $29. With the Federal Reserve admitting that it will not tolerate deflation and is trying to increase inflation, more […]