Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Brazil's Central Bank Waging One of the World's Most Aggressive Battles with InflationDec 9, 2021 - 05:13:38 PST
Brazil's central bank on Wednesday raised interest rates by 150 basis points and signaled another such hike in February, waging one of the world's most aggressive battles with inflation even as Latin America's largest economy has tipped into recession.
President Tayyip Erdogan said on Wednesday Turks should be patient and trust his government's new economic model, under which he has prioritised economic growth driven by low interest rates, as the lira fell 2% towards record lows.
Dec 9, 2021 - 05:07:23 PST
Yesterday, Cornell Law Professor, Saule Omarova, withdrew from her nomination to become the head of the Office of the Comptroller of the Currency (OCC), the regulator of national banks. Emily Flitter, reporting for the New York Times, said it was because Omarova had been “painted as a communist.” In terms of the full story on why Omarosa had to withdraw...
This is a MUST WATCH video presentation on the coming BIG TRIGGER for the new bull market in gold and silver. Unfortunately, most people are not prepared for this because they are invested in a market and assets that really... have no future. There are over 30 graphs and charts in this presentation...
Gold Futures End with a Modest Gain After Tapping Their Highest Intraday Level in a Week: MWDec 8, 2021 - 13:13:29 PST
Gold futures was modestly higher on Wednesday, though prices for the most-active contract ended below their highest intraday level in a week.
If the consensus view of a strong dollar and higher U.S. bond yields in 2022 proves accurate, emerging markets are in for a rough ride, particularly in the first half of next year. Just how bumpy will largely depend on the extent to which the Fed ending its bond buying and starting its rate-hiking cycle ultimately tightens U.S. financial conditions via a higher dollar and Treasury yields.
Manchin Sounds Alarm on Inflation as Clock Ticks for Democrats on Huge Spending BillDec 8, 2021 - 12:21:16 PST
"The unknown we’re facing today is much greater than the need that people believe in this aspirational bill that we’re looking at, and we’ve got to make sure we get this right," Manchin said. "We just can’t continue to flood the market, as we’ve done."
The Bank of Canada kept borrowing costs unchanged, but highlighted strength in the labor market and worries about the persistence of inflation that will likely keep expectations of imminent interest rate hikes intact.
Dec 8, 2021 - 12:03:32 PST
The real earnings yield on U.S. stocks hasn’t been so low since Harry Truman was president and the Cold War was just starting, according to Bank of America Corp. strategists.
Experts, Lawmakers Call for Biden to Push Back the Return of Student Loan Payments—AgainDec 8, 2021 - 11:56:47 PST
One survey found that 89% of student loan borrowers who work full time say they are not ready for federal student loan payments to resume.
Dec 8, 2021 - 11:50:11 PST
The cause of this weird and wacky economic stuff? How about the surge in M1 Money and The Fed Balance Sheet?
"I'll believe each hike when I see it," HSBC's Head of Fixed-Income Research Steven Major says about the path of Federal Reserve monetary policy. He speaks during an interview on "Bloomberg Surveillance."
Democrats' IRS Bank Account Monitoring Plan Would Affect 87M Americans, Analysis ShowsDec 8, 2021 - 08:52:24 PST
The Joint Committee on Taxation estimated that some 87 million Americans who earn less than $400,000 in adjusted gross income would see their account information reported to the IRS. That represents a little more than half -- about 59% -- of the 148 million taxpayers in the U.S. earning less than $400,000.
Then, make sure your money isn’t all in one place. “Cash is not a safe investment,” Dalio told CNBC last week, as inflation hit a 31-year high in the U.S. Instead, he suggested on Friday, build as diverse a portfolio as possible — ranging from inflation index bonds, which Dalio recommended above regular bonds, to physical assets like gold.
Retiring: Social Security COLA Calculations May Get Changed to CPI-E as Part of the Reform BillDec 8, 2021 - 08:17:55 PST
Watch out for the costs of housing, medical care, and gasoline.
At the WSJ’s CEO Council Summit Manchin says he is still wary of more government spending.
The U.S. Federal Reserve has bitten the bullet: At their policy-making meeting next week, in recognition of persistent high inflation, officials will announce a speedier tapering of asset purchases that have been supporting economic growth. The aim is now to complete the program in time to be able to start raising short-term interest rates as soon as March should that prove necessary.
Japan's economy contracted at a 3.6% annual rate in July-September as a wave of coronivirus infections crimped travel and other activities, the government said Wednesday. The estimate for the last quarter, downgraded from an earlier report of a 3.0% contraction, reflected weakness in consumer spending and trade, the government said.
Euro zone inflation will take longer to fall back to target than earlier thought but so far there is no evidence that high prices are becoming embedded in wages, ECB Vice President Luis de Guindos said on Wednesday.
The supply-chain problems rippling across the U.S. economy are improving for some companies, but long-term fixes might take much longer, the heads of Intel Corp. , Wayfair Inc. and Accenture PLC said at The Wall Street Journal CEO Council Summit on Tuesday. “The bottom was this past summer, but it’s recovering slowly,” said Niraj Shah...