Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Where will gold’s price go in 2022? Where will it be in five years? Join Mike Maloney and Adam Taggart as they discuss some of the major factors that will influence gold’s performance, based on some excellent work from Jeff Clark.
Gold settled Tuesday at its highest price in more than two months, buoyed in part by sharp losses in the U.S. stock market as investors awaited Wednesday's monetary policy announcement from the Federal Reserve.
Jan 25, 2022 - 13:03:58 PST
Investors' rising interest in the precious metal––often viewed as a store of value––comes as the stock market comes under pressure.
The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery from the coronavirus and pushing total economic losses toward $14 trillion. That’s according to the International Monetary Fund...
If markets keep dropping like this we’ll be in a recession before the Fed even raises rates. “the party is rapidly coming to an end and the Fed will want to curb inflation without causing a recession which will be a real task. How to accomplish it?
A panic-stricken Biden administration wants to do what politicians have always done—throw more money at it. Joe Biden believes his nearly $2 trillion Build Back Better social spending bill would do the trick. You know, just give people money to help pay higher prices that were caused by giving out money in the first place. Here’s how Biden explains it:...
A growing number of Wall Street firms and strategists are turning bearish on the financial markets amid the sharp selloff in stocks.
Empty supermarket shelves are greeting shoppers nationwide. Businesses and consumers are concerned that the global supply chain crisis and renewed public health restrictions in response to the Omicron variant could exacerbate the situation.
Jan 25, 2022 - 12:16:05 PST
The Office of Financial Research (OFR) is the federal agency created under the Dodd-Frank financial reform legislation of 2010. Its role is to provide early warnings to U.S. bank regulators and the public of systemic risks that threaten U.S. financial stability, so that another 2008-style Wall Street crisis can never again devastate the U.S. economy.
Jan 25, 2022 - 12:12:19 PST
For a reminder to our readers of what happened in 2018, the last time the Fed gently tapped its foot on the brake four times, we’ve listed below some of the headlines we ran in 2018 at Wall Street On Parade. The Fed was not at all aggressive with rate hikes in 2018: it gently raised the Fed Funds rate by a quarter...
By now, it is passe to warn that the US Federal Reserve is “behind the curve” in fighting inflation. In fact, the Fed is so far behind that it can’t even see the curve and may have to slam on the policy brakes to regain control before it is too late.
This view of markets as morally corrupt is widespread, old, and largely inaccurate. Largely, I don’t blame Heying and Weinstein for these mistaken beliefs about markets, as their expertise lies in an adjacent field. They do, however, have the tools to see through their own mistake, and since they expertly wield that tool in their own field of evolution, I have lots of hope that they’ll come around on this antimarket point too.
Overall, at least 50 percent of the consumer price index in Japan appears to be government controlled, which is reflected in the significant growth of government spending on subsidies.
Trillions have been zapped, major indexes corrected and one hellish week was followed by a manic Monday and another selloff Tuesday. People trying to reckon when the pain might end are worried.
Millions of Frustrated Taxpayers Still Waiting on Last Year's Refund As Tax Season BeginsJan 25, 2022 - 11:31:29 PST
An enormous bottleneck at the IRS is delaying 2021 tax refunds for millions of American as tax filing season gets underway.
The US Senate will soon vote on Federal Reserve Chairman Jerome Powell’s nomination to a second term. One of the senators opposing Powell is Elizabeth Warren. I don’t often agree with Senator Warren, but I do agree with her assessment that Powell is “dangerous.” However, Warren actually doesn’t...
Broadly speaking, Fed tapering is the reversal of quantitative easing. We show the history of Federal Reserve bond tapering and how it works.
Interest rate hikes from the U.S. Federal Reserve and other central banks are likely to worsen a global debt crisis, a new report suggests.
The International Monetary Fund has downgraded its global growth forecast for 2022 as rising Covid cases, supply chain disruptions and inflation hamper the economy.
Jan 25, 2022 - 08:12:17 PST
The U.S. Postal Service (USPS) has announced plans to provide its law enforcement branch with access to its vast trove of customer data, raising concerns among privacy activists about the organization’s expanding surveillance powers.