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MORE PROOF: Gold ETF Flows Move Price... Just Wait Until Institutions Really Move InJanuary 12, 2022
If you look at the charts in this new Video Update, you will see a distinct correlation between Gold ETF Flows and the Gold Market price. Why? Because Institutions and Large Investors are big movers in the market when they move in and out of Assets...
Gold Futures Post Highest Finish in Nearly a Week After Powell’s Testimony: MWJan 11, 2022 - 13:14:52 PST
Gold futures posted their highest finish in nearly a week on Tuesday, with comments from the Federal Reserve’s Jerome Powell doing little to sway expectations for higher inflation and volatility in financial markets.
The Federal Reserve has managed to do something that’s rarely seen in the U.S. these days: Get members of the Democratic and Republican parties to agree.
Jan 11, 2022 - 13:06:57 PST
High-level international banking officials and organizations gathered last month for a global “war game” exercise simulating the collapse of the global financial system. The tabletop exercise was reminiscent of “Event 201,” the pandemic simulation exercise that took place just before COVID-19 entered the global scene.
What happens when people realize the federal government has depreciated the greenback by spending $6.5 trillion using borrowed money, plus the Fed’s $7 trillion, meaning the purchasing power of the dollar has been cut in half? The equivalent of half the $28-trillion national debt? And with trillions more debt to come, at AOTH we believe there is only one direction for the dollar, and only one way for gold.
Still, reconfiguring the supply chain will take five to 10 years to accomplish. In the meantime, you should expect empty shelves, higher costs and slower growth in companies most affected by the breakdown.
We are living in an era that is undeniably confusing, especially to veteran investors. By veteran, I mean someone who has been around long enough to have witnessed a number of market cycles, or at the very least has dusted off a few books on economic history. It almost feels as if there is a universal collective denial of the obvious facts. And, truthfully, I believe there is something much more insidious at play, and the precarious state of the U.S. financial system is, in fact, known to those who pull or influence the levers of monetary policy.
Fed Chair Powell Says Rate Hikes, Tighter Policy Will Be Needed To Control InflationJan 11, 2022 - 12:09:58 PST
Federal Reserve Chairman Jerome Powell declared Tuesday that the economy is both healthy enough and in need of tighter monetary policy.
What was the book that not only changed Mike Maloney’s life, but also predicted the future? Join Mike and Jeff Clark as they discuss the latest news and how it can all be tied back to the subject of Mike’s favorite book.
Jan 11, 2022 - 11:51:41 PST
It’s now day 13 since the Fed released the names of the Wall Street trading houses that borrowed $4.5 trillion cumulatively, just in the fourth quarter of 2019, from the Fed’s repo loan facility. Not one mainstream media outlet has reported those names of the Wall Street firms or the amounts borrowed – despite the fact that we have prodded them to do so, and despite the fact that some of the largest borrowers were also bailed out by the Fed during and after the financial crash of 2008.
Gold jumps and bonds are muted following the Fed Chair's Senate confirmation hearing.
The Fed finally sees it too. For businesses, there is a good side to inflation: They can jack up prices and get away with it without losing customers because customers bought into the inflationary mindset and are paying whatever; and thereby companies can raise their revenues without having to actually sell more.
Try to find a developing-world kleptocracy in which the top few collect more than 97% of the income from capital. There aren't any that top the USA, the world's most extreme kleptocracy. We're Number 1.
Once the central bank monetary stance is reversed, regardless of how well bubble activities are managed, these activities are likely to come under pressure and run the risk of being liquidated. Since consumers did not allocate savings toward bubble activities, once the growth rate of money supply slows down, these activities come under pressure. Bubble activities cannot sustain themselves without support from central bank monetary pumping.
gnore the bond market conundrum (where back-end Treasuries are sticky and refuse to rise more than the front-end, or even in parallel): a bigger conundrum is emerging in the FX realm where the US dollar has been declining steadily since peaking in late November despite the Fed's growing conviction in more rate hikes, a balance sheet runoff and general tightening.
Jan 11, 2022 - 09:14:34 PST
Inflation fears among small business owners have risen to their highest level in four decades as owners remain broadly pessimistic about future economic conditions, according to the latest monthly poll from the National Federation of Independent Business (NFIB).
Jan 11, 2022 - 08:36:31 PST
The Federal Reserve has begun sketching out plans to shrink the size of its balance sheet, which ballooned during the pandemic as it hoovered up government bonds in an attempt to stave off an economic collapse.
Jan 11, 2022 - 08:28:44 PST
For Powell, the way forward is charged with peril: If he slams on the brakes too fast, the economy could falter and even slip into recession, dashing hopes for the Fed's goal of “maximum employment.” Moving too slowly to rein in price spikes risks the danger of even higher inflation. Either scenario could be a nightmare for President Joe Biden's Democrats in an election year.
The world’s second-biggest gold miner is confident prices will hold firm this year, if not rise, as investors use the metal rather than cryptocurrencies to hedge against inflation and jewelry demand picks up.
The Treasury Department is warning that tax refunds and other services may be delayed this year because of “enormous challenges" including the coronavirus pandemic and previous budget cuts made at the Internal Revenue Service (IRS).