Still Waiting For A Precious Metals Correction? Get Off The Dime And Buy Some Silver Ones


from Money Metals Exchange

-- this post authored by David Smith

Over time, charts for a bull market tend to print higher highs and higher lows on the way to the primary top. Two steps forward, one step back, creating a visual stair-step effect.

Silver Chart Surge

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What We Read Today 27 July 2016

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Smartwatches, The Next Big Thing That Wasn't

by Felix Richter,

When Apple introduced the Apple Watch in April 2015, many pundits expected smartwatches to become the next big thing and emulate the success of smartphones and tablets.

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Infographic Of The Day: Health Benefits Of Sewing

Clinical studies are now revealing that sewing, along with other crafting type hobbies are actually good for us.

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Video of the Day:

Pilots spend hours in multi-million dollar simulators, preparing for the worst cast scenario. In this episode Flight Mode, WIRED's Jack Stewart gets a taste of what pilots go through.

video of day picture

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Competition Leaves Twitter In The Dust

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How The Fed And Most Economists Ignore Inflation, And Why That Means Big Trouble

by Lee Adler, Wall Street Examiner

The headline CPI numbers are finally starting to hit or exceed the Fed's target, coming in at a seasonally finagled rate of +0.2% for both May and June. CPI understates actual inflation, and that plays havoc with other economic data. With the Fed focused on bad data, it has had the excuse to continue ZIRP in a futile attempt to increase consumer prices.

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 USA economy at a glance (boxed items are updates in last 7 days)

27 July 2016 FOMC Meeting Statement: Federal Funds Rate Was Not Changed.

Econintersect: The Federal Open Market Committee (FOMC) - the board of directors of the Federal Reserve again did NOT adjust the federal funds rate. There was dissent as one member believed the federal funds rate should have been increased. There was little in their outlook which would have prevented a rate increase as:

.... near-term risks to the economic outlook have diminished. ...

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