LBMA Acknowledges "Buying Frenzy" In Silver Market And Silver Shortage Fears zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Precious Metals have continued to slide sideways as the US stock markets have rallied into the FOMC meeting last week. Not by coincidence, metals have continued to base/bottom near recent lows as concerns about the global debt/credit markets, central banks, and precious metal supplies continue to linger. The US Fed indicated it will do whatever is necessary to support the recovering economy. The question my research team asks in relation to the basis for a move in metals/miners is “do the global markets believe the global central banks still have control of the underlying global banking/credit markets well enough to prevent another massive rally in metals?”.
Precious Metals Miners Setting Up For A Breakout Rally – Wait For Confirmation howestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from howestreet.com Daily Mail and Mail on Sunday newspapers.
The price of silver is rallying as the online trading movement fueling the rise of unloved shares like GameStop took a shine to the precious metal. (Article republished from HeadlineUSA.com) [.]
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(Bloomberg) U.S. oil and gas stocks, by far the worst performers last year, are standing out as the best in 2021 a turnaround that might seem a bit surprising given the new balance of power in Washington.
Companies including Exxon Mobil Corp., Diamondback Energy Inc. and Marathon Oil Corp. have posted double-digit gains this year as a rebound in oil prices and the prospect of an economic recovery have outweighed risks to the industry from a Joe Biden administration. The S&P 500 Energy Index is up 12% this year compared to 2020’s 37% plunge.
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