Gold has all the potential to go unprecedentedly high. But silver will be gold on
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“I brought forward two rate increases into 2022 because inflation has been higher and more persistent than I had expected,” Kashkari said Tuesday in an essay posted on the Minneapolis Fed’s website.
Don't bet on China becoming the Next Great Super-Power... or if it does, it will go down in history as the Empire with the shortest lifespan. Why? It all comes down to the energy. With China consuming a massive amount of energy each day to run its 21st Century High-Tech Metropolis...
Join Mike Maloney and Adam Taggart as they report on some very serious circumstances regarding censorship and freedom itself. You’ll see the news article from two of Mike’s favorite investigative reporters that has been completely buried by the ‘mainstream’ media, along with our regular Chart of the Day and Viewer Feedback.
Jan 4, 2022 - 13:16:52 PST
On its website, the Mint says that sales of gold via American Eagle coins totaled over 1.25 million ounces last year--which is the most the Mint has sold of these coins since 2009. The Mint also recorded 75,000 ounces of platinum sold last year, which is the most since 1998.
India splurged a record $55.7 billion on gold imports in 2021, buying more than double the previous year's tonnage as a price drop favoured retail buyers and pent-up demand emerged for weddings that were delayed when the pandemic first hit.
Jan 4, 2022 - 12:56:31 PST
Legendary investor John Paulson, whose bet against the housing market in 2008 made him a billionaire, trashed crypto and recommended gold in a wide-ranging interview with Bloomberg TV.
A stopgap solution to this fiscal and monetary morass is to slash expenditures so that there is no new debt. In other words, enforce the previous debt ceiling. The ideal permanent solution, however, is to dismantle America’s welfare-warfare state system, along with the income tax and the vicious IRS, restore America’s founding system of a limited-government republic, implement a free-market monetary system, and end the Fed.
It will require the major central banks to mount the largest banking system rescue ever seen, dwarfing the Lehman crisis. The required expansion of currency and credit by the central bank network is unimaginable and comes in addition to the massive monetary expansion of the last two years. The collapse in purchasing power of the entire fiat currency system is therefore in...
Whereas inflation rates in the US and Europe have risen steeply in the course of 2021, consumer price inflation in Japan stood at 0.1 percent for October 2021 (figure 1). Also, Japan's producer price inflation of 8 percent lagged far behind the US and Europe. Even more, Japan’s extremely low inflation has persisted for more than thirty years—despite an extremely loose monetary...
Status of the Office Glut in Houston, San Francisco, Manhattan, L.A, Chicago, Washington DC, SeattleJan 4, 2022 - 11:37:38 PST
Companies adjust their office footprint to working from home.
Jan 4, 2022 - 11:33:52 PST
Treasury yields rose a second day, with five-year rates hitting the highest since before the pandemic took hold in the U.S., amid increasing conviction that the Federal Reserve will raise rates at least three times beginning in May.
Jan 4, 2022 - 11:30:20 PST
Home price growth especially strong in Mountain West and Southeastern states.
By November 2022, annual home price growth is predicted to slow to 2.8%.
Yes, US home prices continue to rage with CoreLogic’s home price index rising 18.1% YoY.
The world order is changing in important ways that have happened many times before in history, though not in our lifetimes. How the world order is changing has created the paradigm that we are in. By “paradigm,” I mean the environment that we are in. Paradigms typically last about 10 years, with occasional big corrections within them. They are driven by a persistent set of conditions that takes those conditions in a swing from one extreme to an opposite extreme.
Until proven otherwise, the upward phase of our 34-day cycle is still deemed to be in force, and is only 11 trading days along - still with the potential for additional upside before its next peak attempts to form.
Jan 4, 2022 - 08:04:31 PST
Once the dust settles it is very important to watch what the FOMC does and not what it says and with that in mind gold, silver and not least platinum may all spring positive surprises in 2022.
Just for grins, I started investigating the Dallas Fed's alternative measurement of core inflation called "Trimmed Mean".
Jan 4, 2022 - 07:15:28 PST
The Financial Times’s annual survey of almost 100 economists revealed that most expect inflation to outpace wages, while Covid-19 will continue to disrupt production and consumption. At the same time, high energy costs and the increase in National Insurance contributions will hit those on lower incomes hardest.
US Manufacturing Unexpectedly Tumbles To 12-Month Low As Prices-Paid SlumpJan 4, 2022 - 07:10:29 PST
After yesterday's disappointing Markit survey of US Manufacturing, analysts expected ISM Manufacturing to print lower and its did significantly. December ISM Manufacturing printed 58.7, well below the 60.0 expected and the 61.1 prior as it caught down to the 12-month lows of Markit's measure...
The report continues to show a trend of high turnover in the labor market, a sign of how profoundly the economy has been reshuffled in the nearly two years since the onset of the pandemic.
What seemed so permanent for 13 long years will be revealed as shifting sand and what seemed so real for 13 long years will be revealed as illusion. Magical thinking isn't optimism, it is folly.