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Inflation is sizzling hot. Gold has historically served as an inflation hedge. So, why hasn't gold caught a bid?In a word, confusion.Taper tantrums and fear of Fed rate hikes have generated massive confusion in the markets. People are selling gold when they should be heavily buying gold in the dips.And at the root of this confusion is the failure to account for real interest rates.
The European Central Bank could raise rates as soon as the end of next year, and calling an end to bond purchases would be a strong signal that the move is coming in the next two quarters, Governing Council member Robert Holzmann said on Wednesday. The ECB last week took another step in rolling back crisis-era stimulus, saying it would end emergency bond purchases...
Anyone gearing up for bond yields to surge in 2022 should think again. A global glut of saved cash has the potential to restrain an increase in rates, even as central banks dial back their pandemic stimulus. The strength of demand for bonds even in the face of deeply negative real returns underpins the broad consensus that 2% may act as a ceiling for U.S. 10-year yields ...
I was fortunate to discuss the implications of the coming Energy Cliff with Dave at GoldCore TV last week. Due to Europe being the most dependent on natural gas imports, they have been hit the hardest. We can see this in the huge increase in the price of Dutch TTF natural gas...
The World's Largest Gold Nugget: Just How Big Is It? Jeff Clark and Adam Taggart Take A Road TripDec 21, 2021 - 13:44:56 PST
GoldSilver.com Precious Metals & Mining Analyst Jeff Clark and I take a road trip to find out just how big the World's Largest Crystalline Gold Nugget is. Crystalline nuggets are the most rare kind of gold nuggets, as well as the most pure -- at a 98% purity level. The nugget we go to see in this video is called 'The Crown Jewel' and is stored within a vault...
The Federal Reserve Bank of New York quietly announced, in a one sentence statement, that it was adding the following three federally-insured banks to its list of counterparties for its newly-minted $500 billion Standing Repo Facility: Citibank, Goldman Sachs Bank USA, and the New York Branch of Mizuho Bank.
Listen to the warning about 'The Money Illusion' given by Jim Rickards from Hidden Secrets of Money Episode 7. More pertinent today than ever.
But the dollar bills circulating all across the country might as well show the Grinch instead of Washington this year. The government’s loosening of controls on dollars may have made them easier to get, but it has also made them less valuable in Venezuelan shops, with dollar prices overall about 40% above those last year.
Trying to Make Sense of Economic Madness: Wolf Richter on Construction DisruptionDec 21, 2021 - 12:29:14 PST
Many office buildings may become irrelevant, many malls already have. What does the future hold for once-flourishing buildings? Housing is a pain point for many people. Now we face higher interest rates and high inflation. With Todd Miller on his channel for building & remodeling, Construction Disruption.…
Markets Are Pricing Rising Volatility For 2022; Goldman Warns Of Increasingly Macro-Led MovesDec 21, 2021 - 12:27:45 PST
Tomorrow is VIX expiration, and, as SpotGamma notes, we head into that expiration with an elevated VIX structure. If you compare today's VIX term structure to that of mid-November you can see current levels (black) remain well above Nov(blue).
‘Considerable’ Risk That U.S. & Much of Europe Will Need COVID Lockdowns This Winter: Credit SuisseDec 21, 2021 - 12:09:43 PST
After taking an initial wait-and-see approach on the new omicron variant of coronavirus, Credit Suisse, one of the world’s largest investment banks, now sees a “considerable” risk that the U.S. and large parts of Europe will be unable to avoid “stringent” lockdowns this winter.
Former Home Depot CEO Bob Nardelli warns that 2022 will be "tough" due to inflationary pressures.
Rising costs for everyday foods like bacon and fruit have raised concerns about inflation. Here’s why you may be paying more for breakfast, and what that says about where prices might be heading in the future.
The United States' population grew at a slower rate in 2021 than in any other year on record as the COVID-19 pandemic exacerbated the more subdued growth the country has experienced in recent years, the U.S. Census Bureau said.
Rents for Single-Family Homes Are Rising Three Times As Fast as They Were a Year AgoDec 21, 2021 - 11:26:35 PST
Single-family rents in October were up 10.9% year over year, according to the latest report from CoreLogic. That is three times the 3.2% annual growth seen in October 2020.
Dec 21, 2021 - 11:21:08 PST
Eighty-one participants on Monday placed a total of $1.758 trillion at the Federal Reserve’s overnight reverse repurchase agreement facility, in which counterparties like money-market funds can place cash with the central bank. That surpassed the previous record volume of $1.705 trillion from Dec. 17, New York Fed data show.
The stolen funds were diverted by fraudsters from the Small Business Administration’s Paycheck Protection Program, the Economic Injury Disaster Loan program and a another program. The government has shelled out about $3.5 trillion in Covid relief money since early 2020, when the pandemic began.
Dec 21, 2021 - 08:32:13 PST
Two-thirds of U.S. adults don’t expect their personal finances to improve in 2022, with more than half of this group blaming inflation for the pessimistic view of their future money situation, according to Bankrate’s December Financial Security Index.
Dec 21, 2021 - 08:31:27 PST
The U.S. economy tied for the highest level of inflation in 2021 among developed economies, the International Monetary Fund (IMF) reported.
Dec 21, 2021 - 08:28:56 PST
Fannie Mae’s Economic and Strategic Research Group (ESR Group) announced in a report on Dec. 20 that home sales across the United States are expected to rise to 7.1 percent at the end of 2021, but will decline over the next two years as limited stock, combined with higher mortgage rates and inflation, will cool the housing market.