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As summer travel approaches, Americans can expect to pay more at the pump
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When the US nuked Spain
This post is also available in: Spanish, German The casings of two B28 nuclear bombs involved in the Palomares incident, on display at the National Atomic Museum, in Albuquerque, NM., by Marshall Astor (Image by Wikimedia Commons)
34 years later, those forced to clean up the mess get their day in court
By John LaForge
Air force veterans exposed to plutonium after a first-ever US nuclear weapons disaster in Spain have won extremely rare recognition as a class in a lawsuit against the Department of Veterans Affairs.
On Jan. 17, 1966, an air force B-52 bomber exploded over the village of Palomares, Spain during a routine airborne refueling. Seven airmen were killed and the bomber’s four hydrogen bombs were thrown to the earth. Conventional explosives (not the nuclear warheads) in two of the bombs detonated in massive explosions, one right in the village, gouging huge,
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Bank of America sets a 2021 gold price target of $2,000, why silver could jumpstart the next precious metals bull cycle, and thefts of catalytic converters from cars are on the rise, driven by high prices in platinum and palladium.
Gold to rise again and move past $2,000, Bank of America analysts say
Bank of America’s (BoA) analysts said in a recent report that gold has what it takes to overcome current pressures and stabilize above $2,000 before the year ends. As the team noted, a rise in nominal interest rates, which has temporarily subdued inflation fears, limited gold price gains so far this year.
Conditions are ripe for commodity prices to zoom higher in 2021, according to Wall Street analysts.
A global economy that’s in recovery mode from a COVID-19-induced slowdown, a weakening U.S. dollar, unprecedented monetary stimulus and supply constraints is providing a favorable backdrop for everything from oil to copper to gold.
Signals are appearing that suggest the start of a “sustainable positive feedback loop between commodities, the dollar and emerging-market growth that has driven past structural bull markets,” wrote a Goldman Sachs research team led by economist Jeffrey Currie.
Higher commodity prices add more value to global trade and larger emerging market trade surpluses, they said. Those trade surpluses create credit availability that results in stronger demand and higher prices while at the same time putting pressure on the dollar and supporting prices.
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