Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Traders already reluctant to price the aggressive path of rate hikes charted by Federal Reserve policy makers last week got more reason to doubt on Monday, as European lockdowns offered a preview of what could await the rest of the world as the variant spreads. And in the U.S., the prospects for extra fiscal support took a hit as President Joe Biden’s tax-and-spending plans were thrown into turmoil.
Wall Street analysts are pulling forward their expectations for when the Fed would start “quantitative tightening,” the process of shrinking the central bank's balance sheet.
If this a solution to the gold price puzzle, precious metals will go on a solid run because this will be a long term policy and the process of high but controlled inflation will get folded into the price of gold over time.
Including precious metals, especially gold, in an investment portfolio is one of the best strategies...
Silver approaching all time high territory in Top 20 Countries GDP Non-Weighted Index (Dec. 17, 2021).
Gold in All Time High Territory but Broke Short-Term Uptrend in Top 20 CountriesDec 20, 2021 - 12:43:08 PST
Gold in all time high territory but broke short-term uptrend in Top 20 Countries GDP Non-Weighted Index (Dec. 17, 2021); still bearish US dollar, bullish gold.
This $1,000 Gold last appeared at auction in 2018 and realized $576,000, a sum that very well could be exceeded in this sale.
Dec 20, 2021 - 12:34:02 PST
"Expect inflation to come down very quickly," due to incoming rate hikes expected from the Federal Reserve, says NYT best-selling author Jim Rickards. You could see severe, "tightening into weakness," with a potential of three rate hikes next year, he predicts with our Daniela Cambone during the premiere of this year's series, Outlook 2022: The Tipping Point.
Retired Generals Urge Pentagon To Take Steps To Avert ‘Civil War’ After 2024 ElectionDec 20, 2021 - 12:30:34 PST
The U.S. military must start making preparations for another "insurrection" after the 2024 election, according to a trio of retired military generals.
Nearly $40billion worth of pandemic relief was distributed to students and institutions under the Higher Education Emergency Relief Fund as part of President Joe Biden's American Rescue Plan.
Her monthly grocery bill has ballooned from $650 to almost $850 in recent months. To save money, she looks for less expensive cuts of meat and has switched to a cheaper detergent. She also clips coupons and shops for her kids’ clothing at thrift stores instead of Children’s Place.
Schumer will follow Bernie Sander's request to shame Manchin into submission.
With the Future of Build Back Better in Question, Proposed Medicare Changes Are Also in TroubleDec 20, 2021 - 11:59:13 PST
Medicare provisions in the $1.75 trillion legislative package are in jeopardy, given the likelihood that the bill will not pass in its current form.
A month-long selloff in cryptocurrencies has been especially painful for holders of the Grayscale Bitcoin Trust. While Bitcoin has sank nearly 32% since November’s record high, the $30 billion fund (ticker GBTC) has lost nearly 37% over that span.
Lira Mounts Big Comeback After Erdogan Unveils Anti-Dollarisation MeasuresDec 20, 2021 - 11:54:25 PST
Turkey's lira mounted a massive turnaround late on Monday after President Erdogan introduced a series of steps that he said will ease the burden of the ailing currency on Turks, while vowing to press on with a low-rates policy that led to the currency slide.
Chilean assets tumbled after left-wing candidate Gabriel Boric rolled to a blowout victory in Sunday’s presidential election, giving him a broad mandate to push ahead with an overhaul of Latin America’s most open economy.
Senator Elizabeth Warren recently stated that rising prices were due to corporations increasing their profits. “This isn’t about inflation, this is about price gouging for these guys.” It is simply incorrect.
If you did any Fed watching this week, you probably heard all about how Jay Powell has turned (or perhaps returned) to hawkishness, and how the Federal Open Market Committee is all about fighting price inflation now.
JPMorgan Chase is the largest bank in the United States. It also has the scandalous distinction of having admitted to five criminal felony counts brought by the U.S. Department of Justice since 2014 and a breathtaking series of additional charges from other regulators. (See its Rap Sheet here.)
How vulnerable is your personal supply chain? For the average American, the answer is: very.