Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Dec 31, 2021 - 11:38:05 PST
Since the Cuban missile crisis, the world has not been so perilously near to a catastrophic mistake by NATO, the United States, Russia, and China, resulting in the deployment of nuclear weapons of mass devastation. The military power balance that has prevailed since the conclusion of World War II and supported the world’s democracies is on the brink of collapse.
While on the surface it appears the Taper has started, the details make it harder to prove. The Fed is certainly not being as aggressive as they promised, and for good reason. As the Fed leaves the market, who will fill the gap? Since 2019, the Fed has quadrupled the Treasury purchases of international holders.
The U.S. Dollar Index managed to settle below the support level at 96 and is trying to get to the test of the support at 95.75. In case the U.S. Dollar Index declines below 95.75, it will head towards the 50 EMA at 95.55 which will be bullish for silver and gold price today. Weaker dollar is bullish for precious metals as it makes them less expensive for buyers who have other currencies.
George Milling-Stanley, State Street Global Advisors Head of Gold Strategy, joins Yahoo Finance Live to discuss the outlook for gold futures in relation to equity markets, expected Fed policies, inflation, and cryptocurrency trends.
By popular thinking, the key driver of economic growth is increases in the total demand for goods and services. It is also held that the overall output increases by a multiple of the increase in expenditure by government, consumers and businesses.
As the hungry dollar devours its own purchasing power we may think we are going to find out what happened to the fabulous snake that swallowed itself. But we won't; and if we did, it would add perhaps nothing to the sum of human wisdom.
[Excerpt from Murray N. Rothbard, A History of Money and Banking in the United States: The Colonial Era to World War II (Auburn, AL: Mises Institute, 2005), part 4, pp. 400–24.]
The above do not predict the short-term. But when macro fundamentals (just one of many being gold’s standing vs. commodities per the first chart above) marry the technical situation in gold (e.g. a Handle breakout or eventual bottom/low) we will lock, load and finally make our due once again in this oft-misunderstood asset and sector. Happy New Year, folks. Be ready for it.
Elon Musk Predicts A Recession As Soon As Spring Or Summer 2022, But "Not Later Than 2023"Dec 31, 2021 - 06:12:53 PST
When further asked about when he thought the next recession would be, Musk said: "Predicting macroeconomics is challenging, to say the least. My gut feel is maybe around spring or summer 2022, but not later than 2023."
“Between federal stimulus keeping the economy going, easy monetary policy from the Fed keeping markets liquid and interest rates low, and the ongoing medical improvement leading to surprising growth, markets have been in the best of all possible worlds.”
Back in the 1970s, Ford was better known for literally and figuratively stumbling than for his economic acumen, especially when it came to inflation, which soared into double digits shortly after he took office. Ford believed that the way to beat inflation was to browbeat companies into keeping prices down and Americans into becoming bargain hunters.
Ironically, the first major central bank likely to be tested in 2022 is the most dovish: The European Central Bank. Since the Dec. 16 unveiling of its post-pandemic stimulus policy review, there has been a gradual but persistent widening of Italian government bond yields, showing that weaning markets off unlimited quantitative easing is no simple task.
Sluggish consumer spending has dragged down China's economy since the pandemic, with little relief in sight for the year ahead.
We're on the cusp of a new year. We certainly had a wild ride in 2021 with continuing coronavirus drama, inflation that turned out to be not so transitory, and a record-breaking stock market bubble. So, what was the biggest story of 2021? Friday Gold Wrap host Mike Maharrey thinks it was a story that wasn't told - the story of real interest rates. He wraps up the year by telling that story.
Dec 31, 2021 - 05:40:23 PST
It certainly flies in the face of conventional wisdom. But decades of stagnant wages, deflation and the gut-punch left by Abenomics have left Japan the Daiso of the world.
Have Regulators Really Defused The Year-End $230 Trillion LIBOR Derivative Time-Bomb?Dec 31, 2021 - 05:23:31 PST
Years ago, we predicted that the Fed's commitment to phase out Libor, the interest rate set by committee (not market forces) that had come to undergird trillions of dollars in loans and securities around the world, would ultimately prove unsuccessful.
Bank Accidentally Deposits $176 Million Into People’s Accounts on Christmas DayDec 31, 2021 - 05:19:08 PST
Thousands of people got a surprise present on Christmas Day this year when a bank accidentally deposited £130 million across 75,000 transactions.
ISTANBUL (Reuters) -President Tayyip Erdogan said on Friday that Turks should keep all their savings in lira and that recent exchange rate volatility was largely under control after the lira weakened sharply in the last two months. “I want all my citizens to keep their savings in our own money, to run all their business with our own money, and I recommend this,”...
Market Timer McClellan Sees Sharp Stock-Market Selloff ‘Beginning Imminently’Dec 31, 2021 - 05:13:09 PST
Market timer Tom McClellan, publisher of the McClellan Market Report, warned of a "sharp drop" in the stock market "beginning imminently" and continuing for a couple of weeks into January. Among reasons for his view, chart signals suggest the recent rally in the Dow Jones Industrial Average and S&P 500 to record highs appears to reflect a “blowoff exhaustion”; negative...
On this Happy New Year's Eve, I decided to post a short YouTube video update on my response to CPM Group's stance on the Primary Silver Mining Industry's falling ore grades. The CPM Group posted on Twitter that silver ore grades fall when prices rise...