• ECB Warns Banks Have Yet to Fully Feel Pandemic’s Impact
    on January 15, 2021 at 4:50 pm

    “The crisis is not over, and its economic impacts have still to fully emerge,” Irish governor Gabriel Makhlouf said on a panel Friday. “Euro-area banks are likely to face significant losses and further pressure on their already weak profitability prospects”...

  • Biden's 'Day One' Promises Could Take Months To Fulfill
    by Tyler Durden on January 15, 2021 at 4:40 pm

    Biden's 'Day One' Promises Could Take Months To Fulfill While President-elect Joe Biden has pledged to take action 'on Day One" regarding a wide range of campaign promises, the reality is that most of them will take weeks, if not months, to fulfill. Bloomberg frames it as "largely a rhetorical flourish, meant to underscore a readiness to take office than an actual to-do list" (before pointing out that Trump's "Day One" promises took between four and 112 days to fulfill). While some of Biden’s promises can be accomplished with the stroke of a pen, others will require him to […]

  • Inflation Plays Are Outperforming Deflation Assets by the Most in 15 Years: MW
    on January 15, 2021 at 4:38 pm

    The new year is obviously young but already there is a pretty clear theme on display in financial markets.

  • Dollar Index on Track for Biggest Weekly Gain Since November
    on January 15, 2021 at 4:38 pm

    Currency markets turned risk-averse on Friday, with the dollar on track for its biggest weekly gain since November 2020 and analysts predicting further short-term strength as rising coronavirus infections limit risk appetite.

  • Microsoft, Big-Tech Coalition Developing Rockefeller-Funded COVID Passports
    by Tyler Durden on January 15, 2021 at 4:24 pm

    Microsoft, Big-Tech Coalition Developing Rockefeller-Funded COVID Passports Authored by Steve Watson via Summit News, A coalition of big tech companies, including Microsoft is developing a COVID passport, with the expectation that a digital document linked to vaccination status will be required to travel and get access to basic services. The group is calling itself the Vaccination Credential Initiative (VCI), and includes Microsoft, Salesforce and Oracle. The US health provider Mayo Clinic is also involved in the project, which is being described as “the most […]

  • Goldman Pours Cold Water On Biden's Fiscal Plan, Sees Just $1.1 Trillion Enacted
    on January 15, 2021 at 4:21 pm

    Biden will likely outline this second proposal in a few weeks, potentially around the time the White House submits a preliminary annual budget proposal to Congress.

  • Market Turmoil Exacerbated By Record Gamma, Option "Pins"
    by Tyler Durden on January 15, 2021 at 4:05 pm

    Market Turmoil Exacerbated By Record Gamma, Option "Pins" As we showed recently, single stock open-interest has increased to all-time-high levels, which is why today’s expiry is important for stocks, especially for names with large open interest in at-the-money (ATM) 15-Jan options, because as Goldman notes, market makers delta-hedging their unusually large options portfolios are likely to be very active (see the odd report on Exxon from the WSJ which has crashed the stock just as call open interest exploded, leaving countless investors suddenly out of the money). This flow is […]

  • Despite FBI Fearmongering, DHS Sees No "Specific, Credible Threats" At This Time
    by Tyler Durden on January 15, 2021 at 3:55 pm

    Despite FBI Fearmongering, DHS Sees No "Specific, Credible Threats" At This Time Authored by Zachary Stieber via The Epoch Times, Officials have not identified “specific, credible threats” ahead of Inauguration Day, a top homeland security official said Friday. “There’s no specific credible threats at this point in time. There’s just this raised level of tension. And so we’re raising our security level. And we’re doing it across the country,” Ken Cuccinelli, acting deputy secretary of the Department of Homeland Security, said on CNN’s “New Day.” FBI […]

  • China Set to Topple U.S. as Biggest Economy Sooner After Virus
    on January 15, 2021 at 3:52 pm

    China’s economic ascent is accelerating barely a year after its first coronavirus lockdowns, as its success in controlling Covid-19 allows it to boost its share of global trade and investment.

  • Goldman Pours Cold Water On Biden's Fiscal Plan, Sees Just $1.1 Trillion Enacted
    by Tyler Durden on January 15, 2021 at 3:50 pm

    Goldman Pours Cold Water On Biden's Fiscal Plan, Sees Just $1.1 Trillion Enacted Last night, in our post-mortem of Biden's hyperambitious $1.9 trillion stimulus plan we warned that "the bigger size, and inclusion of Democratic priorities such as a minimum-wage hike, also means that it will be next to impossible for Republicans to vote for Biden's proposal." Additionally, we said that "there is a distinct risk that the recent market euphoria will fade soon once traders realize, that Bide's use of the phrases “paying their fair share” and “closing loopholes” could spark a […]

  • One of the Greatest Economic Blunders in History: Rickards
    on January 15, 2021 at 3:49 pm

    We cannot print our way out of a liquidity trap. We cannot spend our way out of a debt trap. The Fed and Congress may try to stimulate the economy, but they will fail.

  • UK Economy to Take at Least Two Years to Return to Pre-COVID-19 Level
    on January 15, 2021 at 3:39 pm

    It will take more than two years for Britain's economy to recover to its pre-COVID-19 level, a Reuters poll found, but the Bank of England was still expected to keep rates steady until at least 2024 and to avoid negative borrowing costs.

  • The U.S. and China Are Running Out of Time: Bloomberg
    on January 15, 2021 at 3:39 pm

    President-elect Joe Biden and China’s Xi Jinping know their nations need to find a way to manage their rivalry over the long-term. If the two leaders are to put the relationship on a more even keel, though, they don’t have much time.

  • Stocks, Euro Plunge As Pfizer Says EU Vaccines Will Be Delayed
    by Tyler Durden on January 15, 2021 at 3:16 pm

    Stocks, Euro Plunge As Pfizer Says EU Vaccines Will Be Delayed US and European stocks are getting monkeyhammered after Pfizer notified EU officials that it will be unable to deliver the vaccines it promised in the short term. European markets are dumping... And US stocks are getting hit too... U.S. pharmaceutical company Pfizer confirmed Friday it will temporarily reduce deliveries to Europe of its COVID-19 vaccine while it upgrades production capacity to 2 billion doses per year. “This temporary reduction will affect all European countries,” a spokeswoman for Pfizer […]

  • UMich Sentiment Survey Softens In January As Inflation Expectations Jump
    by Tyler Durden on January 15, 2021 at 3:09 pm

    UMich Sentiment Survey Softens In January As Inflation Expectations Jump After rebounding in December, on a surge in Democrats' hope, UMich Sentiment was expected to weaken in preliminary January data as lockdowns persisted and election tensions grew and it did with the headline number dropping from 80.7 to 79.2 (below the 79.5 exp). The gauge of current conditions fell 2.3 points to 87.7, while a measure of expectations dropped 0.8 point to 73.8, according to the survey conducted Jan. 2-13. Source: Bloomberg Meanwhile the rich get richer... “When asked to explain […]

  • America’s Biggest Owner Of Farmland Is Now Bill Gates
    on January 15, 2021 at 3:02 pm

    Bill Gates, the fourth richest person in the world and a self-described nerd who is known for his early programming skills rather than his love of the outdoors, has been quietly snatching up 242,000 acres of farmland across the U.S. — enough to make him the top private farmland owner in America.

  • Tech Exodus: California Tech Companies Leaving For Texas
    on January 15, 2021 at 2:51 pm

    A growing number of tech companies are packing their bags and moving out of the Golden State. Leading names in the industry are now adding their names to the list.

  • World Nears 2MM COVID Deaths As Hospitalizations Start To Slow: Live Updates
    by Tyler Durden on January 15, 2021 at 2:49 pm

    World Nears 2MM COVID Deaths As Hospitalizations Start To Slow: Live Updates The world is about to hit a frightening new COVID-19 benchmark, with 2MM people dead and no end of infections in sight. Though there has been one encouraging sign lately: hospitalizations have been declining. While deaths remain high - topping 4K in a day for through hospitalizations and new cases are finally starting to dip. In terms of the biggest recent developments, the UK has set up a research consortium to study threats posed by new coronavirus variants, which are emerging more rapidly […]

  • Tech Coalition Working to Create Digital COVID-19 Vaccination Passport
    on January 15, 2021 at 2:48 pm

    A coalition of health and technology organizations are working to develop a digital COVID-19 vaccination passport to allow businesses, airlines and countries to check if people have received the vaccine.

  • Rabobank: "The Fed Is In A Fantastic Position Where The More It Fails, The More It Is Needed"
    on January 15, 2021 at 2:42 pm

    The Fed’s Powell made it clear yesterday: “Now is not the time to be talking about exit. I think that another lesson of the global financial crisis is be careful, not to exit too early.” Folks, that is the *only* lesson the Establishment has learned from the GFC: like it is always “more cowbell”, it is always more central bank regardless of the song being played.

  • Rabobank: "The Fed Is In A Fantastic Position Where The More It Fails, The More It Is Needed"
    by Tyler Durden on January 15, 2021 at 2:29 pm

    Rabobank: "The Fed Is In A Fantastic Position Where The More It Fails, The More It Is Needed" By Michael Every of Rabobank The Fed’s Powell made it clear yesterday: “Now is not the time to be talking about exit. I think that another lesson of the global financial crisis is be careful, not to exit too early.” Folks, that is the *only* lesson the Establishment has learned from the GFC: like it is always “more cowbell”, it is always more central bank regardless of the song being played. Inflation? More central bank: 2% CPI here we come one day, honest. Inequality? More […]

  • US Industrial Production Jumps Most Since July
    by Tyler Durden on January 15, 2021 at 2:19 pm

    US Industrial Production Jumps Most Since July After slowing its rebound in November, US Industrial Production was expected to re-accelerate in December and it did, dramatically. Despite job losses, tumbling retail sales, and soft survery data, industrial production jumped 1.6% MoM in December (massively beating the +0.5% expectation). This is also the biggest MoM jump since July... Source: Bloomberg On a year-over-year basis, industrial production remains down 3.6%. US Manufacturing rose 0.9% MoM, almost double the 0.5% expected, but also remains down 2.8% YoY... Source: […]

  • A Message To Anyone Who Feels Like 'Winston' In Orwell's 1984
    by Tyler Durden on January 15, 2021 at 1:54 pm

    A Message To Anyone Who Feels Like 'Winston' In Orwell's 1984 Authored by Simon Black via SovereignMan.com, “The ideal set up by the Party was something huge, terrible, and glittering... all thinking the same thoughts and shouting the same slogans, perpetually working, fighting, triumphing, persecuting - three hundred million people all with the same face.” That was a quote from George Orwell’s seminal work 1984 - a masterpiece that describes life in a totalitarian state that demands blind obedience. The ‘Party’ controlled everything - the economy, daily life, […]

  • Four Things That Could Pop the ‘Rational Bubble’ in Equities: Mohamed El-Erian
    on January 15, 2021 at 1:49 pm

    There could be “some sort of market accident. We are seeing a lot of risk taking,” El-Erian pointed out. This harkens back to the crash of 1999, when valuations of tech startups soared, then crashed, as investors were willing to pay elevated prices for future estimated growth.

  • US Producer Price Inflation Slows In December
    by Tyler Durden on January 15, 2021 at 1:46 pm

    US Producer Price Inflation Slows In December After consumer prices rose as expected (with shelter cost growth slowing dramatically but food costs surging), producer prices rose less than expected in December, up just 0.3% (vs +0.4% exp). This left producer prices up just 0.8% YoY, the same as in November. Source: Bloomberg It appears government-imposed lockdowns trumped supply chain disruptions with core PPI slowing from +1.4% in November to +1.2% in December (below the 1.3% expected). Clearly, the pandemic response is continuing to limit pricing power. Tyler Durden […]

  • These States Are Suffering the Worst Sustained Unemployment
    on January 15, 2021 at 1:44 pm

    While some states have seen unemployment applications recede from record highs after the coronavirus pandemic first roiled America’s employment picture, others have suffered stubbornly high job losses months into the recovery.

  • US Retail Sales Tumble For 3rd Straight Month On Slump In Restaurant & Online Spending
    on January 15, 2021 at 1:40 pm

    The biggest headline under the surface is the fact that non-store retailers (Amazon etc.) plunged 5.8% MoM. And while motor vehicles sales rose 1.9%, the lockdowns sent Food Services & Drinking Places sales down 4.5% MoM...

  • JPMorgan Beats Profit Estimates on Better-than-Expected Credit, Record Trading Revenue
    on January 15, 2021 at 1:39 pm

    The bank released $2.9 billion from its pile of cash set aside for expected loan defaults in the quarter, resulting in a $1.9 billion boost after about $1 billion in charge-offs

  • Pain, Despair and Poverty Reach Fever Pitch for Unemployed Workers
    on January 15, 2021 at 1:38 pm

    Nine months ago, the coronavirus pandemic upended the economy, swiftly pushing millions into joblessness. Financial plight has been growing steadily since the summer as Americans await further relief from Congress.

  • US Retail Sales Tumble For 3rd Straight Month On Slump In Restaurant & Online Spending
    by Tyler Durden on January 15, 2021 at 1:38 pm

    US Retail Sales Tumble For 3rd Straight Month On Slump In Restaurant & Online Spending US Retail Sales declined for the 3rd straight month in December, sliding 0.7% MoM vs 0.0% exp Source: Bloomberg The biggest headline under the surface is the fact that non-store retailers (Amazon etc.) plunged 5.8% MoM. And while motor vehicles sales rose 1.9%, the lockdowns sent Food Services & Drinking Places sales down 4.5% MoM... On a year-over-year basis, headline and core retail sales remain positive but are slowing dramatically as all that government handout cash runs […]

  • Stimulus Check Confusion and Delayed Tax Refunds: IRS Watchdog Details Failures
    on January 15, 2021 at 1:31 pm

    As the pandemic raged in 2020, the Internal Revenue Service stumbled, according to a new watchdog report, resulting in underpayments of stimulus checks, delayed tax refunds, and other missteps.

  • Exxon Slides After SEC Launches Probe Into Permian Basin Valuation
    by Tyler Durden on January 15, 2021 at 1:28 pm

    Exxon Slides After SEC Launches Probe Into Permian Basin Valuation Having soared in recent days, rising 21% YTD on the back of the gamma squeeze discussed yesterday, and coupled with a barrage of analyst upgrades, most recently from Barclays and JPM, Exxon stock dropped as much as 4% this morning, after the WSJ reported that the SEC has launched a prove of the energy giant after an employee "filed a whistleblower complaint last fall alleging that the energy giant overvalued one of its most important oil and gas properties." According to the WSJ, in the latest amusing […]

  • Biden Calls for $30 Billion More in Rental Assistance and Extending Eviction Ban
    on January 15, 2021 at 1:27 pm

    President-elect Joe Biden called on Congress to pass a range of protections and financial relief for Americans at risk of eviction or foreclosure.

  • Wells Slides After Another Dismal Quarter With Misses Across The Board
    by Tyler Durden on January 15, 2021 at 1:20 pm

    Wells Slides After Another Dismal Quarter With Misses Across The Board There are three certainties in life: Death, taxes and Wells Fargo bungling up its quarter. Moments after JPM reported its latest stellar quarter, which saw a record $12.1BN in adjusted earnings (boosted by $2.9BN in reserve releases), Wells Fargo once again proved it is the black sheep of US banks with earnings that missed on the top and bottom line. For Q4 Wells reported: EPS 64c, missing estimates of 60c y/y Revenue of $17.93 billion, missing the estimate of $18.09 billion Wells' results would have […]

  • The President-Elect’s Spending Plan Could Lead to an Event Like the 1929 Stock Market Crash
    on January 15, 2021 at 1:16 pm

    David Neuhauser, of small, Chicago-based hedge fund Livermore Partners, said that Biden's spending plan appeared to be an attempt to mimic the "roaring 20's."

  • Michael Oliver – Gold Is Going To Trade Above $8,000 Within 24 Months
    by King World News on January 15, 2021 at 1:12 pm

    Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, says investors should fade this takedown in the gold market and brace for a major move as the price of gold is going to trade above $8,000 within 24 months. The post Michael Oliver – Gold Is Going To Trade Above $8,000 Within 24 Months appeared first on King World News.

  • Joe Biden Unveils $1.9 Trillion COVID Stimulus Plan
    on January 15, 2021 at 1:12 pm

    Biden unveiled his 2-step plan of "rescue and recovery" in a 30 minute presentation, which was just as was leaked in advance: a $1.9 trillion stimulus proposal which will encounter immediate Republican opposition due to its big-ticket spending on Democratic priorities including aid to state and local governments, a hike in the minimum wage to $15, and expanded unemployment benefits.

  • US COVID Hospitalizations Post First Drop In Months...But BofA Has Some Bad News
    by Tyler Durden on January 15, 2021 at 1:10 pm

    US COVID Hospitalizations Post First Drop In Months...But BofA Has Some Bad News Just a couple of weeks ago, while Joe Biden and Dr. Fauci were warning about a "long dark winter" ahead and encouraging local leaders in the US (along with their colleagues in the EU) to prepare for the worst to come, the COVID-19 situation internationally was looking pretty bleak. But as more Americans and Europeans grow increasingly skeptical of the official narrative, with many - including front-line hospital workers - declining to receive the vaccine, the most recent wave of cases and […]

  • Covid Live Updates: CNBC
    on January 15, 2021 at 1:07 pm

    The U.S. is recording at least 238,800 new Covid-19 cases and at least 3,310 virus-related deaths each day, based on a seven-day average of JHU data.

  • The Problem With Analysts' Forecasts
    by Tyler Durden on January 15, 2021 at 12:56 pm

    The Problem With Analysts' Forecasts Authored by Lance Roberts via RealInvestmentAdvice.com, We can’t predict the future. If we could, fortune tellers would all win the lottery.  They don’t, we can’t, and we aren’t going to try. However, this doesn’t stop the annual parade of Wall Street analysts from putting out forecasts on the S&P 500. The Problem With Forecasts In reality, all we can do is analyze what has happened in the past, weed through the noise of the present and try to discern the possible outcomes of the future. The biggest single problem with […]

  • Dutch PM Rutte Resigns Over Childcare Subsidy Debacle
    by Tyler Durden on January 15, 2021 at 12:41 pm

    Dutch PM Rutte Resigns Over Childcare Subsidy Debacle With Italian politics once again in shambles (heading for its 132nd government in 160 years), Europe is now facing yet another debacle as Dutch Prime Minister Mark Rutte has resigned two months before the country's election. This has pressured the euro lower this morning. NOS reports that Rutter will offer his resignation to King Willem-Alexander later on Friday, marking the first government collapse since 2012, when Rutte’s first administration fell apart over disagreements on austerity measures. As Reuters reports, […]

  • JPM Reports Record Revenue Offset By Surprise Jump In Credit Loss Provisions
    by Tyler Durden on January 15, 2021 at 12:30 pm

    JPM Reports Record Revenue Offset By Surprise Jump In Credit Loss Provisions JPMorgan has officially launched the Q4 earnings season with earnings that were broadly stronger than expected, reporting record adjusted profits of $12.1 BN (which however include $2.9BN in reserve releases) although a higher than expected loan loss reserve provision initially hit the stock, sparking the usual question of what does JPM - the largest US bank - know that the rest of us don't. Here is what JPM reported for Q4: EPS $3.79 vs. $2.57 Y/Y, beating est. of $2.62 Record adjusted net income […]

  • Real-Time Card Spending Data Shows The Next Stimulus-Funded Buying Spree Has Arrived
    by Tyler Durden on January 15, 2021 at 12:11 pm

    Real-Time Card Spending Data Shows The Next Stimulus-Funded Buying Spree Has Arrived The latest real-time data from BofA credit and debit card usage showed a marked turnaround in spending from the December slump – according to BofA economist Michelle Meyer, total card spending was up 9.7% YOY for the 7-days ending Jan 9th, owing in large part to the $900bn COVID-relief stimulus passed at year-end. This is up from -0.6% just 9 days earlier, and confirmed that the latest  government-funded spending spree has arrived. The surge in post-holiday spending thanks to the $900BN […]

  • Futures Slide On Doubt Biden Can Pass $1.9 Trillion Stimulus; Reflation Trade Fizzles
    by Tyler Durden on January 15, 2021 at 12:00 pm

    Futures Slide On Doubt Biden Can Pass $1.9 Trillion Stimulus; Reflation Trade Fizzles US equity futures and global shares slumped on Friday after Joe Biden unveiled his massive - and perhaps untenable - stimulus plan as concerns grew that the president-elect will struggle to gain support for his $1.9 trillion pandemic relief plan. Stocks dropped while bonds were mixed. In prime-time remarks, Biden outlined a proposal that includes $415 billion aimed at the COVID-19 response, some $1 trillion in direct relief to households, and roughly $440 billion for small businesses and […]

  • FBI Director: Agency Tracking "Extensive" Online Chatter About Potential Inauguration Threats
    by Tyler Durden on January 15, 2021 at 11:45 am

    FBI Director: Agency Tracking "Extensive" Online Chatter About Potential Inauguration Threats Authored by Janita Kan via The Epoch Times, FBI Director Chris Wray on Thursday said the bureau was monitoring an “extensive amount of concerning online chatter” related to potential threats leading up to the presidential inauguration on Jan. 20. Wray gave the update during a security briefing for Vice President Mike Pence as part of preparations for the upcoming inauguration of President-Election Joe Biden. This comes amid growing concerns that the civil unrest and violence […]

  • New Lockdowns In Europe Put The Brakes On The Oil Demand Rebound
    by Tyler Durden on January 15, 2021 at 11:30 am

    New Lockdowns In Europe Put The Brakes On The Oil Demand Rebound Authored Tsvetana Paraskova via OilPrice.com, Road traffic and transportation fuel demand in most of Europe at the start of 2021 is likely at its weakest since the end of the first lockdowns in the late spring, according to Bloomberg estimates and analysts, as more people stay at home with renewed lockdowns to fight soaring COVID-19 cases. Despite the start of vaccinations in Europe, many countries continue to battle record daily new coronavirus cases and have been on lockdown, again, since before Christmas. […]

  • Russia May Fine Citizens Who Use SpaceX's Starlink Internet Over Russian ISPs
    by Tyler Durden on January 15, 2021 at 10:45 am

    Russia May Fine Citizens Who Use SpaceX's Starlink Internet Over Russian ISPs Russians who use SpaceX's Starlink service, OneWeb, or any other non-Russian satellite internet providers under development may face fines of more than US$400, while businesses who circumvent the Kremlin's draconian surveillance state face more than US$13,000 in penalties, according to Ars Technica, citing the Russian edition of Popular Mechanics. According to a recent report in the Russian edition of Popular Mechanics, the recommended fines range from 10,000 to 30,000 rubles ($135-$405) for […]

  • Joe Biden Unveils $1.9 Trillion COVID Stimulus Plan
    by Tyler Durden on January 15, 2021 at 10:33 am

    Joe Biden Unveils $1.9 Trillion COVID Stimulus Plan Biden unveiled his 2-step plan of "rescue and recovery" in a 30 minute presentation, which was just as was leaked in advance: a $1.9 trillion stimulus proposal which will encounter immediate Republican opposition due to its big-ticket spending on Democratic priorities including aid to state and local governments, a hike in the minimum wage to $15, and expanded unemployment benefits. “We have to act and we have to act now,” Biden said, ahead of laying out a second, even broader economic recovery plan next month at a joint […]

  • SPROTT: 2021 Top 10 Watch List And Major Gold & Silver Update
    by King World News on January 14, 2021 at 11:30 pm

    This is a major report from Sprott that includes Top 10 Watch List and an important gold and silver update. The post SPROTT: 2021 Top 10 Watch List And Major Gold & Silver Update appeared first on King World News.

  • Gold Outlook 2021: World Gold Council
    on January 14, 2021 at 8:56 pm

    Gold outperformed major assets in 2020. We believe gold investment will remain well supported while gold consumption should benefit from the nascent economic recovery, especially in emerging markets.

  • Why Comparisons Between Bitcoin and Gold Are Absurd: David Rosenberg:
    on January 14, 2021 at 8:51 pm

    No one ever talks about the risk that gold could go to zero — because it can’t

  • What's Going To Happen To The Dollar?: Miller on the Money
    on January 14, 2021 at 8:51 pm

    “A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information and market manipulation.

  • Biden Stimulus Plan Leaks: Will Total $1.9 Trillion, Includes $1,400 Stimmy Check
    on January 14, 2021 at 8:48 pm

    It may not be quite $2 trillion as CNN leaked last night, quoting "one lawmaker" in close contact with the Biden team who said it was "taking a shoot for the moon" approach with the package", but it's close.

  • Market Cap to GDP: An Updated Look at the Buffett Valuation Indicator
    on January 14, 2021 at 8:30 pm

    With the Q3 GDP Third Estimate and the December close data, we now have an updated look at the popular "Buffett Indicator" -- the ratio of corporate equities to GDP. The current reading is 176.6%, down from 174.3% the previous quarter.

  • Gundlach’s Forecast for 2021: The Year of Regime Change
    on January 14, 2021 at 8:27 pm

    In his forecast for 2021, Jeffrey Gundlach predicted a “regime change.” Investors should prepare for themes that reverse prior trends: U.S. equities will underperform the rest of the world, inflation will rise, volatility will be higher, and the dollar will weaken.

  • UN Urges Nations to Scale Up Climate Change Adaptation to Avoid Major Economic Loss
    on January 14, 2021 at 8:18 pm

    The UN estimated that annual climate change adaption costs could reach between $140 billion and $300 billion by the end of the decade.

  • Atop the Powerful Budget Committee at Last, Bernie Sanders Wants to Go Big
    on January 14, 2021 at 7:49 pm

    Sanders, the most progressive member of the chamber, will have a central role in shaping and steering the Democrats’ tax and spending plans through a Congress that they control with the slimmest of margins.

  • Rising Rates Have Traders Debating Trigger Point for Stock Upset
    on January 14, 2021 at 7:38 pm

    As benchmark Treasury yields rise amid expectations for stronger growth, the key question on investor minds is how high can they climb before spoiling the global risk-asset rally. Some such as JPMorgan Asset Management worry about the pace of the ascent, while others are focusing on breaches of levels from 1.3% to 1.6%...

  • Powell Sees No Interest Rate Hikes on the Horizon As Long As Inflation Stays Low
    on January 14, 2021 at 7:29 pm

    Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery.

  • Let Unsound Money Wither Away
    on January 14, 2021 at 6:36 pm

    A bank deposit is not itself money and will only be paid and received in lieu of money as long as the public does not have the slightest doubt in the banks.

  • Is 2021 an Echo of 1641?
    on January 14, 2021 at 6:32 pm

    If you don't discern any of these dynamics in the present, what are you choosing not to see?

  • Index-Fund Trillions Are Distorting Prices in the S&P 500
    on January 14, 2021 at 6:23 pm

    Investors who poured trillions of dollars into index funds on the conviction that no one can beat the market may actually be making it easier to do just that. All that dumb money could be offering wily stock pickers a chance to buy smaller companies on the cheap...

  • UBS Lowers Threshold to Charge Depositors for Negative Rates
    on January 14, 2021 at 6:15 pm

    UBS Group plans to lower the threshold for customer deposits that will be subject to a charge as the bank deals with the prospect of low and negative interest rates for the foreseeable future.

  • WATCH LIVE: Fed Chair Jerome Powell live in a Q&A on the economy: 1/14/21
    on January 14, 2021 at 6:01 pm

    Federal Reserve Chairman Jerome Powell speaks Thursday in a virtual chat hosted by the Princeton University Bentheim Center for Finance. The talk comes at a pivotal time for the Federal Reserve, which in December committed to its current policy until it sees substantial progress towards its goals regarding inflation and employment.

  • Look At What Is Booming!
    by King World News on January 14, 2021 at 5:37 pm

    With the Dow hitting a new all-time high, look at what is booming. The post Look At What Is Booming! appeared first on King World News.

  • The Future For Silver: Why Tesla & Solar Could Lead to Supply Shock
    on January 14, 2021 at 5:30 pm

    Join Mike Maloney and Jeff Clark in today’s Special Report as they explain how massive demand from the electric car and solar industries could mean future supply shocks for silver.

  • Finances of US Government Are Rapidly Deteriorating: James Turk
    on January 14, 2021 at 5:30 pm

    Climbing expenses with static revenue mean bigger deficits & soaring #federaldebt even before the proposed $2t stimulus rumored in the works. Expect more record #USD printing & 1970s-like #inflation or worse. Own physical #gold

  • The Alphabet Soup Of Recoveries Adds ‘R’ and ‘I’: Jim Bianco
    on January 14, 2021 at 5:27 pm

    And if inflation is pushing nominal growth higher, any attempt by the Fed to suppress interest rates will be rejected by the bond market. Nothing scares bond investors away faster than a central bank forcing negative real yields on them in the face of faster inflation. T

  • BOE Vows to Improve its Public Explanation for $1.2 Trillion QE
    on January 14, 2021 at 4:38 pm

    The Bank of England will improve the way it communicates about how it stimulates the economy through quantitative easing, a response to an internal report that found the method is poorly understood.

  • Inflation Is Coming. That Might Even Be a Problem: Bloomberg
    on January 14, 2021 at 4:26 pm

    Inflation is probably coming to the U.S. this year. The question is how much. Prices rising faster than the Fed’s 2% target would be welcome, but too much price growth could be a problem. If that happens, the Federal Reserve could be in a bind.

  • Bond Yields Have “Moved for Two Reasons,” El-Erian
    on January 14, 2021 at 3:59 pm

    Bond yields have "moved for two reasons," Allianz Chief Economic Adviser Mohamed El-Erian says. "One is inflation concerns started increasing, and there were more hesitant buyers recognizing how asymmetrical the valuation outlook was."

  • U.S. Mortgage Rates Surge, Hitting Highest Level in Two Months
    on January 14, 2021 at 3:54 pm

    The average for a 30-year, fixed loan reached 2.79%, up from 2.65% last week and the highest since Nov. 12, Freddie Mac said in a statement Thursday. The increase follows a jump in yields for the benchmark 10-year Treasury, which climbed above 1% last week for the first time since March.

  • Bond Market’s Scariest Gauge Is Worse Than Ever: Bloomberg
    on January 14, 2021 at 3:40 pm

    Corporate credit markets are more exposed to duration risk than at any other time in history.

  • Federal Spending Sets Record Through December
    on January 14, 2021 at 3:32 pm

    The federal government spent a record $1,376,269,000,000 in the first three months of the fiscal year (October through December), according to the Monthly Treasury Statement released today.

  • The ECB Is No Longer a Reliable Cash Machine for Governments
    on January 14, 2021 at 3:31 pm

    Euro-zone monetary policy is subsidizing the finance industry to such a degree that national central banks are having to curtail the cash distributions they normally hand to governments.

  • ECB's Lagarde Calls For Global Regulation Of "Reprehensible" Bitcoin
    on January 14, 2021 at 2:54 pm

    President of the European Central Bank Christine Lagarde has called for global regulations on Bitcoin, labeling the cryptocurrency “reprehensible.”

  • Gold Takes Step Back As Fed Fears Offset Stimulus Hopes
    on January 14, 2021 at 1:46 pm

    Massive new fiscal spending under Democrats supports the gold bull case long term, but faster Fed tightening could weigh on gold for a while.

  • Initial Jobless Claims Soars To Highest Since August Amid Illinois Chaos
    on January 14, 2021 at 1:38 pm

    965k Americans filed for first time jobless claims fin the first week of 2021 - a massive jump from last week's 784k and well above expectations of a 789k rise.

  • CEO of World’s Largest Money Manager Sees Stocks Rallying in 2021 but Not As Much As Last Year
    on January 14, 2021 at 1:37 pm

    "I think we're going to continue to see the market to be strong into 2021," BlackRock's Larry Fink told CNBC on Thursday.

  • US Treasuries Dance to Different Tune As Fiscal Policy Takes Precedence: FT
    on January 14, 2021 at 1:27 pm

    “I can’t recall a time since world war two when so many forces were aligned on the inflationary side,” said Mr LeBas.

  • Delayed Vaccine Rollout Spells Risk for Debt Investors: WSJ
    on January 14, 2021 at 1:21 pm

    Delays in administering Covid-19 shots pose a fresh risk to investors who bet on a speedy vaccination process to help risky U.S. companies bounce back from the pandemic.

  • Treasury Yields Rise Slightly Ahead of Jobless Claims, Biden Stimulus Plan
    on January 14, 2021 at 1:14 pm

    Treasury yields rebounded on Thursday morning, ahead of President-elect Joe Biden announcing more details of his economic stimulus plan.

  • Biden to Unveil Plan to Pump an Excess of $1.5 Trillion into the Pandemic-Hit Economy
    on January 14, 2021 at 1:09 pm

    President-elect Joe Biden will unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus pandemic with an economic lifeline that could exceed $1.5 trillion and help minority communities.

  • Schumer Has Asked Biden For A Stimulus Package Larger Than $1.3 Trillion
    on January 14, 2021 at 1:06 pm

    Senate Majority Leader Chuck Schumer has urged President-elect Biden, who will introduce his proposal for the next federal coronavirus stimulus bill on Thursday, to aim for legislation worth more than $1.3 trillion, multiple outlets reported Wednesday.

  • U.S. Budget Deficit Widened 61% in Quarter on Covid-19 Spending
    on January 14, 2021 at 1:01 pm

    Agencias:The gap was $572.9 billion in the October-December period, a record for the fiscal year’s first quarter and up 61% from a year earlier, according to a Treasury Department report Wednesday. December’s $143.6 billion deficit, also a record for that month, compared with $13.3 billion during the same month in 2019.

  • Covid Live Updates: CNBC
    on January 14, 2021 at 12:55 pm

    The U.S. is recording at least 245,300 new Covid-19 cases and at least 3,360 virus-related deaths each day, based on a seven-day average of JHU data.

  • Gold & Bitcoin, Bull & Bear Markets, Plus A Look At Europe
    by King World News on January 14, 2021 at 11:10 am

    As we move through the second trading week in 2021, here is a look at Gold and Bitcoin, bull and bear markets and Europe. The post Gold & Bitcoin, Bull & Bear Markets, Plus A Look At Europe appeared first on King World News.

  • BUCKLE UP: It’s Going To Be A Wild And Chaotic 2021
    by King World News on January 13, 2021 at 10:22 pm

    A Swiss firm warned investors to buckle up today because it's going to be a wild and chaotic 2021. The post BUCKLE UP: It’s Going To Be A Wild And Chaotic 2021 appeared first on King World News.

  • How Precious Metals Have Performed During Coronavirus: A Year In Review
    on January 13, 2021 at 10:11 pm

    Global debt levels now surpass $255 trillion. Distressed public balance sheets reflect the need for sound money and safe stores of value, both of which gold and silver have a history of providing.

  • Buy The Silver Dip
    on January 13, 2021 at 9:20 pm

    Just remember, we're in a massive silver bull market. Corrections and drawdowns will happen again. They should be embraced, not feared. Continue to buy silver dips.

  • Fed’s Bullard Sees Inflation Rising, Mum on QE Taper
    on January 13, 2021 at 8:36 pm

    All signs are pointing to a rise in U.S. inflation, St. Louis Federal Reserve President James Bullard said on Wednesday, but though the economy may boom later this year, it's too early to say when the Fed could take any steps to pull back on its super-easy policy.

  • Beige Book Finds Prices Rising Everywhere
    on January 13, 2021 at 8:30 pm

    In keeping with the previously reported plunge in waiters and bartenders due to restaurant shutdowns, contacts in the leisure and hospitality sectors reported renewed employment cuts due to stricter containment measures.

  • The Unemployment Rate Is Above 20% for the Lowest-Paid Workers, Fed’s Brainard Says
    on January 13, 2021 at 8:00 pm

    The level highlights the need for accommodative policy, and she said “it is too early to say” how long the Fed’s measures will stay in place.

  • Stretched: NorthmanTrader
    on January 13, 2021 at 7:17 pm

    I’ve been saying it for a while: The extremes are becoming ever more extreme, to the upside as well as to the downside. Last year I kept highlighting multiple warning signs in markets leading…

  • Everyday Prices Rise Just 0.9 Percent in 2020
    on January 13, 2021 at 7:05 pm

    “Everyday prices increased just 0.9 percent in 2020. The pandemic and government restrictions are likely to distort relative prices, but overall trends are likely to remain moderate.”

  • Fed Bond-Buying Likely Unchanged ‘For Quite Some Time,’ Brainard Says
    on January 13, 2021 at 7:03 pm

    The Fed's current pace of bond-buying will likely remain in place "for quite some time" Fed Governor Lael Brainard said on Wednesday in remarks emphasizing how much progress still needs to be made for the U.S. central bank to achieve its inflation and employment goals.

  • Italian Government on Brink of Collapse After Ministers Quit
    on January 13, 2021 at 6:53 pm

    Italy’s government is on the verge of collapse after a junior coalition partner pulled out in the middle of the administration’s battle against the Covid-19 pandemic.

  • Kondratieff Wave in Commodities Is Bad News for Stocks: Bloomberg
    on January 13, 2021 at 6:50 pm

    There are other predictable price rises in the pipeline. Grains have enjoyed their sharpest increase in many years, while industrial metals are also rallying. Both fell during the worst of the pandemic, so again these increases stand to push headline inflation numbers up noticeably:

  • New $600 Stimulus Checks from Uncle Sam Fuel January Spending Boom at Retailers
    on January 13, 2021 at 5:15 pm

    Armed with new stimulus checks, consumers appear to be in the mood to shop again.

  • Rising Food Prices Exacerbates Food System Inequities
    on January 13, 2021 at 4:39 pm

    Based on recent information from the United Nations, since May, global food prices have risen 18%, which is a six-year high and expected to keep climbing. Already stretched food budgets will feel increased pressures. In 2019, US households’ poorest spent 36% of their income on food, compared to 9% by the wealthiest...

  • U.S. Population Is Growing At Slowest Pace Since World War II
    on January 13, 2021 at 4:35 pm

    America’s population is growing at the slowest rate since World War II, threatening to undermine demand and investment in the economy, according to a new blog post from the St. Louis Federal Reserve.

  • Five "Interesting" Financial Tidbits
    on January 13, 2021 at 4:14 pm

    Is that a red flashing light on the control panel of the man behind the curtain? Probably nothing, pay no attention....

  • US Dollar Collapse, Crude Oil Skyrocket About To Happen?
    on January 13, 2021 at 4:09 pm

    The results of the price action by the US$ at support and Crude as resistance in my humble opinion is a VERY BIG deal friends!

  • Is Inflation In Your Best Interest, Or The Feds?
    on January 13, 2021 at 4:06 pm

    Based on Fed members inflation is what is best for all of us. We explore whether this is true and why the Fed says such things.

  • What Is Happening Right Now Is Quite Stunning, Plus A Look At Gold & Silver
    by King World News on January 13, 2021 at 3:46 pm

    What is happening right now is quite stunning, plus a look at gold and silver. The post What Is Happening Right Now Is Quite Stunning, Plus A Look At Gold & Silver appeared first on King World News.

  • COVID-19 Will Cause Twice As Much Homelessness As Great Recession, Researchers Say
    on January 13, 2021 at 3:27 pm

    Unemployed renters were spending virtually all of their unemployment insurance on housing costs before the latest stimulus.

  • Middle-Class Homeowners Will Get ‘Priced Out Permanently’: Real Estate Investor Grant Cardone
    on January 13, 2021 at 3:19 pm

    Real estate investor and TV personality Grant Cardone predicts that once wealthy buyers finish sifting through the market, middle class Americans will not be able to sustain the housing boom.

  • Schumer Pledges Quick Delivery of $2,000 Stimulus Checks: ‘We Will Get That Done’
    on January 13, 2021 at 2:57 pm

    "The job of COVID emergency relief is far from complete," Senate Minority Leader Chuck Schumer wrote in a letter to colleagues on Tuesday. "Democrats wanted to do much more in the last bill and promised to do more, if given the opportunity, to increase direct payments to a total of $2,000 -- we will get that done."

  • Many Workers Will Get 4 Extra Weeks of Unemployment Benefits
    on January 13, 2021 at 2:55 pm

    This applies to millions of people getting Pandemic Unemployment Assistance or Pandemic Emergency Unemployment Compensation.

  • Savings Interest Rates Hit Rock Bottom Just As Americans Stash Away More Cash
    on January 13, 2021 at 2:44 pm

    In the midst of the coronavirus crisis, many Americans are spending less and saving more. At the same time, banks are paying next to nothing on those deposits.

  • Fed’s Rosengren Expects Asset Purchases to Continue All Year: MW
    on January 13, 2021 at 1:51 pm

    he Fed will likely continue to purchases Treasurys and mortgage-backed securities until the economy is back on stronger footing, said Boston Fed President Eric Rosengren on Tuesday.

  • World Bank Chief Economist Reinhart Frets World Faces Financial Crisis if Pandemic Lingers
    on January 13, 2021 at 1:42 pm

    World Bank Chief Economist Carmen Reinhart is worried that the protracted nature of the Covid-19 pandemic may overwhelm household and business balance sheets and develop into a financial crisis.“It’s a cumulative toll,” Reinhart said in an interview with Bloomberg Television. “This did not start as a financial problem.

  • US Consumer Prices Rise For Seventh Straight Month, Shelter Inflation At Decade Lows
    on January 13, 2021 at 1:40 pm

    Today's inflation print is key. After significant signs of cost pressures (PMIs all signaling record or near record rising prices) and commodity prices breaking out from multi-year downtrends, analysts did expect a bump in CPI but nothing overly concerning.

  • Upbeat Xi Says Time on China’s Side As Turmoil Grips US
    on January 13, 2021 at 1:31 pm

    China's President Xi Jinping issued an unusually upbeat assessment about China's future, noting that "time and the situation" were on the country's side in a new year marked by domestic turmoil in the United States.

  • Asia Credit Roars into New Year As Wall of Debt Looms
    on January 13, 2021 at 1:21 pm

    A record $283.3 billion in existing debt is due to mature over 2021.

  • Global Banks Warn of Market Chaos If Court Abolishes Libor
    on January 13, 2021 at 1:19 pm

    Some of the world’s biggest banks are urging a U.S. judge not to immediately terminate Libor after a group of borrowers filed suit claiming the benchmark was the work of a “price-fixing cartel.

  • Japan’s Central Bank Urged to Avoid Deepening Negative Rates
    on January 13, 2021 at 1:16 pm

    The Bank of Japan should avoid deepening negative rates, which would further pressure profits, the head of a lobby group of regional banks said, after the central bank vowed to examine measures to make its monetary easing framework more effective.

  • Fed Talk of Taper Rekindles Specter of Wrenching 2013 Tantrum
    on January 13, 2021 at 1:14 pm

    Federal Reserve officials are beginning to split over when they may need to start pulling back on their massive monetary stimulus, drawing nervous glances from investors who remember how markets were roiled during the 2013 taper tantrum.In the past week...

  • Janet Yellen’s Treasury Secretary Confirmation Hearing Is Set for Jan. 19
    on January 13, 2021 at 1:10 pm

    The Senate Finance Committee is set to hold a hearing on Janet Yellen’s nomination to be Treasury secretary on Jan. 19, the day before President-elect Joe Biden is inaugurated, according to a Senate aide.

  • Goldman Sachs’ Chief Economist Warns a Pullback for Stocks Could Be Coming Soon
    on January 13, 2021 at 1:06 pm

    Goldman Sachs Chief Economist Jan Hatzius said that U.S. stocks and bond markets could possibly "take more of a breather" in the near term.

  • 10-Year Treasury Yield Dips Slightly Ahead of Inflation Data
    on January 13, 2021 at 1:04 pm

    December inflation data for the U.S. is due to be released at 8:30 a.m. ET. Economists expect an increase of 0.4% month over month, and 1.3% year over year, according to Dow Jones, Core CPI, less food and energy, is expected to be up 0.1% or 1.6% year over year, versus 0.2% and 1.6% in November.

  • Lagarde Stands by Growth Forecasts Despite New Lockdowns Hitting Europe
    on January 13, 2021 at 1:02 pm

    The ECB is sticking to its growth projections despite new coronavirus restrictions that could extend the economic crisis in the euro area.

  • Mortgage Refinance Demand Spikes 20% As Borrowers Fear Missing Out on Record-Low Rates
    on January 13, 2021 at 1:01 pm

    After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb. That lit a fire under borrowers hoping to refinance.

  • Covid Live Updates: CNBC
    on January 13, 2021 at 12:50 pm

    The U.S. is recording at least 247,600 new Covid-19 cases and at least 3,340 virus-related deaths each day, based on a seven-day average of JHU data.

  • Silver and Platinum Will Outperform Gold in 2021: UBS
    on January 12, 2021 at 8:53 pm

    UBS Global Wealth Management strategists said silver and platinum will outperform gold in 2021 as the economy recovers and industrial demand picks up.

  • The Globe’s Looming Fiscal Crisis
    on January 12, 2021 at 8:50 pm

    I have repeatedly warned that nations get in fiscal trouble when government is too big and growing too fast. In such countries, it’s very common to find high levels of government debt as one …

  • Fed Members: Monetary Policy Should Remain Accommodative
    on January 12, 2021 at 8:43 pm

    CNBC's Steve Liesman reports on sentiment of Fed members and the outlook for monetary policy and interest rates.

  • Wall Street Is Most Bullish on Commodities in a Decade
    on January 12, 2021 at 8:30 pm

    Commodity investors are back in full force, with record wagers that crops, metals and oil are set for a rally. A weakening dollar is making materials denominated in the currency more appealing at a time when equities are on a tear and the world is on a path to recover from the coronavirus pandemic.

  • War In The Gold & Silver Markets Continues To Rage After Takedown
    by King World News on January 12, 2021 at 8:27 pm

    The war in the gold and silver markets continues to rage after the recent takedown. The post War In The Gold & Silver Markets Continues To Rage After Takedown appeared first on King World News.

  • Louis Gave: “Inflation Will Come Back with a Vengeance”
    on January 12, 2021 at 8:22 pm

    Louis-Vincent Gave, CEO and co-founder of Gavekal Research, sees a dramatic paradigm shift playing out in the world economy. In this in-depth conversation, he explains how investors should position themselves for the future.

  • New World Record Set For Shipping Rates: $350,000 Per Day
    on January 12, 2021 at 8:13 pm

    It has never been more expensive to get a container of goods across the ocean. But it’s not just containers. Liquified natural gas (LNG) shipping is also rewriting the record books.

  • U.S. Labor Market Losing Speed As COVID-19 Spirals Out of Control
    on January 12, 2021 at 7:17 pm

    U.S. job openings fell moderately in November, but mounting layoffs amid rampant COVID-19 infections supported views that the labor market recovery from the pandemic was stalling.

  • Albert Edwards Warns This Will Not End Well, Plus Big Food Inflation And One Of The Most Shocking Charts
    by King World News on January 12, 2021 at 10:39 am

    With gold and silver on the move, Albert Edwards just warned "This will not end well." Plus big food inflation and one of the most shocking charts. The post Albert Edwards Warns This Will Not End Well, Plus Big Food Inflation And One Of The Most Shocking Charts appeared first on King World News.

  • Friday’s Gold Takedown And A Major Warning On Stocks
    by King World News on January 12, 2021 at 1:55 am

    One of the greats in the business comments on Friday's told takedown and another issues a major warning on stocks. The post Friday’s Gold Takedown And A Major Warning On Stocks appeared first on King World News.

  • This Is A Truly Stunning Look At Where Things Stand
    by King World News on January 11, 2021 at 8:13 pm

    This is a truly stunning look at where things stand. The post This Is A Truly Stunning Look At Where Things Stand appeared first on King World News.

  • GOLDREVIEW WILL RELAUNCH IN Q4
    by goldseek on August 16, 2020 at 2:07 pm
  • GoldSeek.com Celebrates 25 Year Anniversary, Launches New Website
    by goldseek on August 3, 2020 at 2:24 pm

    (Denver, Colorado – August 1, 2020) Today marks the 25th year anniversary for GoldSeek.com, a leading gold news and financial information website established in 1995. The GoldSeek website is ranked as one of the most visited gold websites in the world. On this 25-Year Anniversary, GoldSeek.com is also pleased to announce that the new website is live. Peter

  • Gold retreats more than 1% as dollar halts slide
    by goldseek on July 30, 2020 at 12:18 pm
  • GoldSeek.com to Launch New Website
    by goldseek on July 30, 2020 at 11:44 am
  • China’s monetary policy to be more flexible and targeted: politburo
    by goldseek on July 30, 2020 at 10:33 am
  • India Considers Amnesty for Citizens Hoarding Gold Illegally
    by goldseek on July 30, 2020 at 10:13 am
  • Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level
    by goldseek on July 30, 2020 at 9:19 am
  • German economy plunged 10% during second quarter amid pandemic
    by goldseek on July 30, 2020 at 7:18 am
  • Gold Mining Stocks Face ‘Fat Pitch’ Opportunity as Earnings Loom
    by goldseek on July 29, 2020 at 9:51 pm
  • Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level
    by goldseek on July 29, 2020 at 6:04 pm
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