Gold has all the potential to go unprecedentedly high. But silver will be gold on
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November was the weakest jobs report of the year, coming in at a paltry 210k, missing consensus expectations of 573k by a 363k. There were modest revisions upwards over the last two months of 8k and 15k for September and October respectively. Nothing to be excited about.
Jeff discusses his recent article on silver in which he compares silver to other asset classes' performance since 1980. Silver and sugar are the only ones that remain below their 1980 peak. Everything else today is overvalued and this will change when the mainstream returns to this market. He says, "Focus on what you can control."
Gold prices rose nearly 1% as uncertainty sparked by the Omicron coronavirus variant and a dip in U.S. Treasury yields boosted the safe-haven metal's appeal.
The finance ministry said its regular FX and gold purchases on the market will total 502 billion roubles ($6.81 billion) over the month. A Reuters poll of analysts predicted that FX buying would total 475 billion roubles.
Today we’ve published our closely-watched central bank statistics, updated through October 2021. And the latest data shows that central banks bought 2t of gold in October, as decent buying was counteracted by sales from a handful of banks.
Stocks Could Fall Sharply In 2022 Warns Latest Technical Data & Volatility Indicators | Sven HenrichDec 3, 2021 - 12:22:33 PST
This video is the middle of three videos cut from a 2-hour long recording session with stock market technical analysis expert Sven Henrich. Here, Sven walks through the latest charts and key patterns he sees with the VIX (the volatility index) and the major stock market indices: the S&P 500, the Dow, the NASDAQ & the Russell 2000.
The fuel for economic growth, particularly in a nation running gargantuan trade and budget deficits, is population growth. Not any population growth, but working age population growth. It is the growth of this cohort that drives potential employment growth, potential consumer growth, potential homeownership growth. Absent that growth, the means to continue "growing" is to substitute cheaper debt, more debt, more stimulus, etc. and claim those substitutes as real growth.
In fact, according to Warren, there is no inflation, only corporations arbitrarily raising prices in their relentless pursuit of … profits.
Turkey's annual inflation jumped more than expected to a three-year high of 21.31% in November, data showed on Friday, further exposing the risks of recent aggressive rate cuts that prompted a historic slide in the lira.
Gary Gensler said on Wednesday that Bitcoin was created “as a reaction” to the U.S. monetary system and its worldwide consensus.
Attempting to micromanage human economic life by counterfeiting money and manipulating interest rates is a fool's errand. Ultimately, those who attempt it must corner themselves into an impossible situation. Nothing they do works. Everything they do fails. The costs of keeping the illusion going become overwhelming. Don't miss today's Liberty Report!
Biden Signs Bill to Prevent Shutdown as Congress Turns to Debt Ceiling, Social Spending BillDec 3, 2021 - 11:08:43 PST
The government will keep running through Feb. 18, buying Democrats time to address the debt ceiling and the Build Back Better Act.
There are a lot of great places you can buy gold jewelry. And then there are some places you should absolutely not buy gold jewelry.
Ray Dalio predicts there is a 30 per cent chance of US Civil War in the next ten years because of 'emotional' political polarization, but says the Constitution is 'likely' to save the nation from war.
After the mixed final data for US Manufacturing in November (Markit PMI down, ISM up), expectations were for both Markit and ISM to show the Services sector weakened modestly in November.
Despite a moderate pick-up in growth during Q4, the leading indicators of the economic growth cycle suggest we are nearing a period of stagflation and potentially disinflation as growth resumes in deceleration. Beginning with the long leading indicators, they have for some time been telling us that 2022 will be very different from what we experienced during 2021.
Inflation is a scary bogeyman for voters and politicians, Fed tightening will force prices down across the board. Ultimately, deflation is still the long-term demographics, debt and tech driven bogeyman the Fed will fight again. Yeah, 2022 could be a crummy year in the stock market. So, raise some cash while you can and then get your golden bucket ready because it's going to rain finally.
IMF Urges the Fed to Speed Up Monetary Policy Tightening amid Mounting Inflation FearsDec 3, 2021 - 07:13:16 PST
It would be "appropriate" for the Fed to accelerate tapering and bring forward the path for rate hikes, the International Monetary Fund said.
After President Biden announced he was reappointing Jerome Powell for a second term as Federal Reserve Chairman, Powell went hawkish, saying it's time to retire the word "transitory" when it comes to inflation and talking about speeding up the taper. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Powell transformation and questions whether a dove can really change his feathers.
The IMF Warning Of “Economic Collapse” Should Get Headlines: Michael Every of RabobankDec 3, 2021 - 06:50:46 PST
The IMF are warning of “economic collapse”, which should get headlines. Not because the IMF have any kind of track record of being timely or right about anything, but because the Fund so rarely says anything negative for fear of being seen as precipitating the crises which the policies it imposes always end up creating anyway. Besides a total lack of surprise on first seeing the headline, my initial thought was “Yes, but where?” There are so many candidates as: