Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
A jump in U.S. Treasury yields helped the dollar post its largest daily gain in nearly two months on Monday, signaling that the currency could extend last year’s rally as markets anticipate the Federal Reserve will initiate a cycle of interest-rate increases this year.
As traders trickle back to their desks to start another year, there’s one market move dwarfing all others: The US dollar is trouncing its major rivals. The chart below highlights the move, with the so-called commodity dollars (the Canadian, New Zealand, and Australian dollar) bearing the brunt of the selling (for more on USD/CAD, see my colleague Joe Perry’s Currency Pair of the Week article):
In other words, our economy and society have been optimized for failure. If we look at the fragility and instability of essential systems, it's clear that 2022 will be the year of breakdown. Let's start by reviewing how systems break down, a process I've simplified into the graphic below.
2022 Federal Reserve Inflation Expectations — DiMartino Booth with Making Money of Fox Business
Jan 3, 2022 - 08:48:30 PST
Happy New Year! And Treasuries are off to fast start with investors bailing on Treasuries and buying stocks. AND the expectation that The Fed will raise rates 3 times this year. The 10-year Treasury Note yield rose above 1.60% this morning.
Many Americans Aren’t Optimistic About Their Financial Situation This Year. Here’s What They BlameJan 3, 2022 - 08:42:53 PST
Rising prices have many Americans worried about their financial future.
It’s easy to feel overwhelmed by debt. Unpaid student loans, an ever-increasing credit card balance with high interest, a monthly car payment: these are just a few reasons why young consumers feel like they carry a huge financial weight on their shoulders.c
The market feels like a bubble. Does it matter?
Fed Drains $1.9 Trillion in Liquidity from Market via Overnight Reverse ReposJan 3, 2022 - 08:13:44 PST
Banks unloaded cash today for quarter-end window dressing. Money markets funds are biggest counterparties, Fidelity, Vanguard, Blackrock on top.
"Principled interpreters of the Constitution do not advocate overturning valid Constitutional precedents, but precedents that deviated from it, as the only way to maintain it as the 'highest law of the land' in fact, as well as on paper." ~ Gary M. Galles
During this year, we have awakened to a completely new kind threat, that is, to the threat of a ‘takeover’ of our economies and societies. While we have flirted with the idea of central banks taking over the financial markets and the economy previously (see, e.g., this and this), something much more sinister has been lurking in the background.
Famine is one of the four horsemen of the apocalypse for good reason; hunger was an unwelcome companion for most of human history. The threat it poses declined in recent decades because of innovations in agriculture and increasing prosperity. But the largely policy-inflicted economic disruptions of the past two years partially reversed progress made towards feeding the world and alleviating poverty.
Super-inflated asset prices such as housing, stocks, and bonds; massive inflation; and central banks that have started to react. An extra-special cocktail of three powerful ingredients with no cherry on top awaits us in 2022.
Jan 3, 2022 - 07:34:04 PST
To start the new year, thought I'd look at what has driven the California house price appreciation and what we could expect in 2022.
Jan 3, 2022 - 07:32:20 PST
In the next decade the census bureau expects the population will increase by 18.6 million. 15.3 million of that will be those 65 and older.
Inflation is running rampant. Even Jerome Powell has been forced to acknowledge that this bout of rising prices isn't "transitory." As Peter Schiff put it, there is no ceiling on inflaiton.The Federal Reserve has sped up its timetable for tapering its asset purchases and raising interest rates. Many in the mainstream have called this a "war" on inflation, but the central bank is bringing a pea shooter to a bazooka fight. A real fight against inflation would require interest rate hikes that would crash a US economy built on debt.
Your Cash Savings Will Be Crucial During a ‘Dramatic Reckoning’: Rick RuleJan 3, 2022 - 06:12:12 PST
his is an obvious one. Given all of the Fed’s money printing, Rule pointed out the importance of owning gold and silver.
We are on the cusp of a retirement crisis that will affect everyone. Far too many promises have been made and the demographics we face do not bode well for a bright future. The answer that some people tout is we should have more children or open the borders.
Open interest in gold futures markets rose for the second session in a row on Friday, this time by nearly 5K contracts considering flash data from CME
Gold nudged lower as investors assessed potential risks from the omicron Covid-19 variant on the global recovery while awaiting key U.S. jobs data due later in the week.