Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Fed Chair Jerome Powell has already flagged the rate-setting committee will likely announce at its policy meeting this week that it will accelerate the end of its bond-buying program, wrapping it up by March instead of June, in order to clear the way for the Fed to lift off interest rates from near zero, where they have been held since March 2020 when the coronavirus pandemic triggered...
Faster reduction in bond-buying will be a key topic at next week’s Federal Open Market Committee meeting. That will point to likely pace of interest-rate hikes.
The beleaguered Turkish lira was crushed on Monday after Standard & Poor's warned it may downgrade its debt rating on Turkey.
Treasury investors are losing more money than they have in four decades, once inflation is taken into account. And if markets are right, they’re unlikely to come out ahead for years.
The world’s top central banks are diverging, as some turn to tackling surging inflation while others keep stoking demand, a split that looks set to widen in 2022.
nvestors will be focusing their attention on the Federal Reserve’s meeting next week, searching for details on a potentially hawkish pivot in monetary policy in the face of high inflation.
Doug Kass: Why I Still Don't See Value in Bitcoin and Other CryptocurrenciesDec 13, 2021 - 05:21:28 PST
Bitcoin had dropped by 38% from its recent high -- that's the third correction of greater than 30% in the last 12 months. Four years ago Bitcoin futures started trading -- the euphoria was short lived and the price of Bitcoin eventually dropped by over 80%. What are digital currencies, if they can be created ad hoc -- like monetary presses -- and produce an endless supply?
The U.S. went on a borrowing binge last year and the hangover could make it harder for the Federal Reserve to fight inflation without crashing the economy.
Why Hedge Fund Giant Ray Dalio Is Worried About China, Inflation, and a U.S. ‘Civil War’: Barron'sDec 13, 2021 - 05:16:40 PST
An inflationary spiral, the chance of a U.S. “civil war,” and conflict with China are the chief concerns of the hedge fund investor.
The Federal Reserve is laying the groundwork for the start of a cycle of interest-rate hikes that the bond market warns might be unusually constrained in how far it can go, setting the two on a collision course where one will eventually have to give.
Clearly, America’s CEOs and CFOs are taking the timeless advice of the great John Templeton: “When you find that the crowd is overenthusiastically trying to buy, help them and sell. It usually works out.” Caveat emptor.
China’s Banking Assets At $52 Trillion, Growing $40 Trillion Since 2008: This Is What Hyper MMT IsDec 13, 2021 - 05:08:21 PST
To the 19th century Wicksell, a pure credit economy was a fictitious, futuristic concept, but it is effectively what we have today - and it is a path dependent system.”
So for some advice, we turned to people who have become experts in the art of surviving runaway inflation: Argentines. Walk around Buenos Aires and you’ll hear conversations -- between 18-year-old college students, 90-year-old retirees and everyone in between -- about currency exchange rates, soaring prices and strategies for coping.
The Federal Budget Deficit in November was $191B which is 40.5% of total expenditures for the month. Last November’s deficit was $145B. In the trailing twelve months, the deficit was $2.7T which represented 39.4% of total expenditures. The TTM deficit is down 16% vs the $3.2T value as of Nov 2020, but up 164% vs the $1.02T from Nov 2019.
The U.S. Shale Industry claimed that advancements in technology have allowed domestic oil production to surge to new highs. While this may seem true, the devil is in the details. This update will show that the so-called "technology" was nothing more than...
GOLD, SILVER & ENERGY UPDATE DEC 5th: Europe Natural Gas Inventories Continue To PlungeDecember 12, 2021
Europe continues to experience a sharp decline in natural gas storage which has pushed the price of the Dutch TTF gas price back above 100 Euros. While this is bad, it's even worse for one country in Europe. I also do an update on Gold and Silver. This last week the commercial net short positions continue to decline as the...
Gold Prices End Higher as U.S. Inflation Rate Climbs to a Nearly 4 Decade HighDec 10, 2021 - 13:15:23 PST
Gold prices end higher on Friday after the U.S. government reported that the rate of consumer inflation hit the the highest level in nearly 40 years.
Dec 10, 2021 - 12:55:01 PST
There are no real substitutes for silver. Companies like Dupont have tried with limited success. By 2022 the world will need 140 million ounces of silver just for solar panels. This is a 30-40 percent YOY increase.
Several major gold-bullish catalysts are coalescing around a common linchpin of raging inflation. As this comes to a head, investors’ vexing gold apathy will be shattered. Facing a situation never before seen in market history, they will likely flock back to gold with a vengeance.
Dec 10, 2021 - 12:38:17 PST
The personal-finance guru, who has been warning of a crash for more than a year plans to buy gold, bitcoin, and real estate when prices tumble.