If the boomers’ spending cushion and the Fed’s medium-high rates combine to accomplish nothing other than preventing mass unemployment, this would still be among the least damaging downturns in modern history and one of the greatest macroeconomic stories ever told. - Gold and silver prices are sharply higher in midday U.S. trading Wednesday following a U.S. inflation report that came in just a bit cooler than expected.
Bitcoin’s price spiked above $64,000 in early trading on Wednesday after the latest U.S. CPI report fell in line with expectations, boosting hopes for an interest rate cut.Nationwide gold & silver tax cuts: 13 states scrap capital gains, Fed on high alert – Jp Cortez - In the US, legislation is being reshaped by a combination of state and federal efforts aiming to revise the taxation and legal tender status of gold and silver. - Manufacturing activity in the New York region showed continued weakness this month even as inflation pressures eased, according to the latest figures published by the New York Federal Reserve.The regional central bank said on Wednesday that its Empire State manufacturing survey declined to -15.6 in May, after coming in at -14.
- Gold has hit several all-time highs this year, but the metal has further to go, said Simon Marcotte, president and CEO of Northern Superior Resources.'I don't even think this is the first inning' - gold prices to run even higher says Simone Marcotte - The gold market is rallying after the latest data showed American consumers’ spending growth ground to a halt in April.
- Northern Europe is a great place to build a mine, said Taj Singh, president and CEO of First Nordic Metals.
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