Gold has all the potential to go unprecedentedly high. But silver will be gold on
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This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.
President Joe Biden is running around trying to take credit for a "booming" economy. It's the ultimate political dumb-guy argument.
Gold rose as the U.S. dollar weakened and risk sentiment improved across global equities markets.
Yet there are also downside risks, both economic and non-economic. Among the former is the possibility that the surge in inflation continues to surprise on the upside, possibly generating a wage-price spiral as workers respond to the damaging effect of high inflation on real wages. That might uproot the anchor for inflationary expectations.
Federal Reserve Is in 'Deep Trouble' Over 'Disaster' Balance Sheet: BoveJan 19, 2022 - 05:54:16 PST
Odeon Capital Group chief financial strategist Dick Bove joined "Mornings with Maria" Tuesday, arguing that the Federal Reserve is in "deep trouble" over its balance sheet and is in one of "the worst" positions he’s ever seen.
Inflation is running hot. Economic data is running cold. Stocks and bonds are under pressure. The Fed is scrambling. In his podcast, Peter Schiff talked about the trajectory of the economy. He said we're on the cusp of the most obvious crisis that virtually nobody saw coming. The Federal Reserve made this bed. Now we have to lie in it.
The Mortgage Bankers Association on Wednesday said its weekly measure of the average contract rate on a 30-year, fixed-rate mortgage climbed to 3.64% in the week ended Jan. 14 from 3.52% a week earlier.
Will America Ever Be Able To Challenge China’s Lithium Battery Dominance?Jan 19, 2022 - 05:25:41 PST
China controls the lion’s share of the global lithium-ion battery supply chain, and its market share has grown by another 12% in the past two years
Saudi Arabia was long considered the U.S.’ key ally in the Middle East, but in recent years it seems that Saudi Arabia is growing increasingly close to China instead. As the U.S. has been withdrawing from the region, both Russia and China have been capitalizing on the power vacuum...
When President Joe Biden announced plans to release up to 50 million barrels of oil from the strategic petroleum reserve to lower retail fuel prices, many analysts warned that any effect this move would have would be short-lived. Indeed, prices dropped for a very short while and are now on the climb again...
The exception is when there are economic inputs well outside the realm of recent experience. For example, the extraordinary US$2.5 trillion in fiscal support for the US economy in 2021, amounting to 11 per cent of GDP, was far larger than any fiscal package since World War II.
Inflation in Britain rose faster than expected to a near 30-year high in December, intensifying a squeeze on living standards and putting pressure on the Bank of England to raise interest rates again. The annual rate of consumer price inflation increased to 5.4% from November’s 5.1%, the highest since March 1992...
Euro Zone Inflation To Burn Hotter, but ECB Rates To Stay on Ice: Reuters PollJan 19, 2022 - 05:02:08 PST
Euro zone inflation is set to burn hotter throughout 2022 than expected a month ago, according to economists polled by Reuters, which could pressure the European Central Bank to tighten policy once the Omicron wave of the pandemic passes. For the near-term, the virus remains a wild card, with a wide range of...
As the U.S. Housing Market runs RED HOT with record sales and low inventory, buyers seem to be throwing good money after bad believing that home prices will never go lower again. While many in the industry believe the low housing inventory suggests a "Healthy Housing Market"...
Join Mike Maloney and Adam Taggart in today’s video, where you’ll get an update on what is quite possibly the biggest shell game in financial history.
Jan 18, 2022 - 13:09:53 PST
Anyone who lives between Vero Beach and Sebastian, Florida likely already knows the story of The 1715 Spanish Fleet. In fact, you may be one of the lucky locals who has found a gold coin wash ashore on your trip to the beach. The story behind this Spanish Fleet is remarkable, to say the least, especially after the most recent jaw-dropping discovery in 2015.
Silver Spikes to More Than Two-Month Highs Above $23.50 After Week US DataJan 18, 2022 - 13:04:52 PST
Spot silver (XAG/USD) prices spiked nearly 60 cents from under $22.90 to near $23.50 (more than two-month highs) in recent trade in wake of a much weaker than expected January New York Fed Manufacturing survey.
"What we’re likely to see is strong demand that will keep prices at very, very good levels for the producers for many years into the future, and that could be decades," said BlackRock's Evy Hambro in a recent interview.
During thirteen months between April 2020 and April 2021, money supply growth in the United States often climbed above 35 percent, well above even the "high" levels experienced from 2009 to 2013. As money supply growth returns to "normal," however, this may point to recessionary pressures in the near future.
Some commentators attribute the latest sharp increase in the Consumer Price Index to businesses pushing prices of goods higher in order to secure higher profits. (See the New York Times article “Democrats Blast Corporate Profits as Inflation Surges,” January 3, 2022). Note that the yearly growth rate of the Consumer Price Index...