Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The debt of the U.S. federal government is a factor that should affect the price of gold since the U.S. dollar is the world reserve currency. Recent developments in the level of the federal government debt are perplexing and it appears that debt levels are increasing rapidly, but presumably some of this is due to efforts to suppress reported debt levels below the official debt...
Chinese developer shares dropped following local media reports that China Evergrande Group has been ordered to tear down apartment blocks in a development in Hainan province. Evergrande halted trading in its shares.
America’s engagement in war has proven to be quite costly. According to a major 2019 study, from 2001 to 2019, taxpayers
China and Russia Military Cooperation Raises Prospect of New Challenge to American Power: WSJJan 3, 2022 - 05:43:16 PST
Joint military exercises, coordinated weapons development and technology sharing are seen as tools in a campaign to limit U.S. might abroad, military analysts and U.S. officials say.
Biden Tells Ukraine That U.S. Will ‘Respond Decisively’ if Russia Further InvadesJan 3, 2022 - 05:42:07 PST
U.S. President Joe Biden on Sunday told Ukraine's President Volodymyr Zelenskiy the United States and its allies will "respond decisively" if Russia further invades Ukraine, the White House said in a statement.
Prices are going up in the year ahead. Here's what's going to be more expensive and how to navigate paying more for the things you want.
Mortgage lenders issued $1.61 trillion in purchase loans in 2021, beating a record set in 2005, as a wave of Americans entered the housing market or sought larger homes.
“Things Ran Wild”. Covid ran wild. Monetary inflation ran wild. Inflation, in general, ran completely wild. Speculation and asset inflation ran really wild. More insidiously, mal-investment and inequality turned wilder. Extreme weather ran wild. Bucking the trend, confidence in Washington policymaking ran - into a wall.
The U.S. Dollar Index is moving towards the resistance at the 96 level. In case the U.S. Dollar Index manages to settle above this level, it will head towards the next resistance at 96.25 which will be bearish for EUR/USD.
Turkey's annual inflation rate surged to 36.1% last month, its highest in the 19 years Tayyip Erdogan has ruled, laying bare the depths of a currency crisis engineered by the president's unorthodox interest rate-cutting
The Philippine peso turned into emerging Asia’s worst-performing currency in December from being the best, as a seasonal boost from remittances petered out. Strategists see the bearish momentum continuing.
Investors Can Expect a Busy Week of 2022 With Several Key Economic Releases Due Out of WashingtonJan 3, 2022 - 05:05:58 PST
Investors can expect a busy first week of 2022, laden with key economic releases out of Washington that include the highly-anticipated December jobs report and minutes from the Federal Open Market Committee’s (FOMC) latest policy-setting meeting.
2022 NEW YEAR'S UPDATE: Continued Market Volatility & Increased Awareness Of The Energy CliffJanuary 3, 2022
The theme for 2022 will be one of continued market volatility and awareness that the world is reaching the Energy Cliff. Those who understand these dynamics will be better positioned with their investments compared to the overall market that continues to believe in "Growth Forever."
As their world collapses around them, central bankers will act like bulls in a china shop, destroying their credibility and currencies even more as their panic increases. Against this background, buyers of physical gold and silver will do so not because they expect to profit from it, but to preserve something from the chaos in prospect, which will be triggered by rising, and then soaring interest rates as currency time preferences escalate and their purchasing power collapses.
Gold’s turn to shine again is nearing, with major bullish drivers aligning heading into this new year. The Fed’s vast deluge of new money remains intact despite QE tapering, continuing to fuel raging inflation. A new rate-hike cycle to fight that is looming, but gold has thrived during past cycles.
This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.As reported last week, Comex January's open interest activity was looking strong in silver and modest in gold. The initial results are promising, especially given the probability contracts will open mid-month for immediate delivery.
There are at least five headwinds facing the dollar in 2022. And five reasons to worry economist Stephen Roach’s belief that “the dollar’s crash is only just beginning” are looking less hyperbolic by the day. As Roach, former chairman of Morgan Stanley Asia, asks: “Why in the world would you own dollar debt?”
As the current situation for the dollar unfolds, its purchasing power is set to decline similarly to the French livre of three centuries ago. But there is also an ugly systemic problem in the commercial banking network, for which to appreciate we must turn our attention to Europe.
Clearly, the focus on buying gold is a turn from the policy of being net-sellers since the 1970s, when the US dollar was taken off the gold standard. Russia and China, two countries with several political issues with US, have been the largest buyers of gold, followed by India.
The Central Bank of Russia and the government have access to Russia’s international reserves, which are highly liquid foreign assets consisting of monetary gold, foreign currencies, and special drawing rights, notably Russia has the fifth-largest foreign exchange reserves in the world.