Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Initial jobless claims rose from a 53-year low at 194k to 222k last week... The total number of Americans on some form of government dole remains above 2 million...
Worries over surging inflation and a new variant of the coronavirus are roiling the U.S. corporate junk bond market, though some believe the tumble could draw investors seeking higher yields. November marked the worst month since the start of the pandemic for the bonds of low-rated companies, with high-yield bonds notching an average return of minus 1.03%, the lowest since...
Note: This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail. Additionally, numbers from Comex for December 1 are still preliminary as of publishing. Numbers may change some.This Comex delivery analysis is usually published on First Notice Day. This is directly after First Position day. The Open Interest on the close of First Position is usually a great indication of what delivery volume the month will see. These are when contracts must post 100% collateral for their futures contract.
Brazil’s economy fell into a shallow recession this year dragged down by drought, a high interest rate and inflation, dealing a blow to President Jair Bolsonaro just as he prepares for his re-election campaign.
British companies are struggling to find the staff they need and expect higher inflation in the year ahead, according to a survey published on Thursday by the Bank of England, which is weighing up whether to raise interest rates this month. The BoE’s monthly Decision Maker Panel survey of nearly 3,000 businesses showed 85% of firms were finding it harder than normal to recruit...
Long-dated U.S. government bond yields neared their lowest for the year on Thursday as investors wagered that early rate hikes would curb future inflation, flattening the yield curve. Thirty-year Treasury yields hit 1.74% in late New York trade on Wednesday, their lowest since January. Meanwhile, two-year yields rose over 3 basis points (bps) on Thursday to 0.607%...
Analysis-White House Delay on Fed Regulation Chief Bodes Badly for Bank M&ADec 2, 2021 - 05:19:59 PST
The White House's delay in nominating the Federal Reserve's new regulatory chief is likely to compound a logjam in approving bank tie-ups that have been on ice since September due to uncertainty over personnel changes at the U.S. central bank.
Erdogan Picks Low-Rates Champion as Finance Minister as Turkish Lira SkidsDec 2, 2021 - 05:16:19 PST
Turkish President Tayyip Erdogan appointed a strong supporter of his low interest rate drive as minister of treasury and finance on Thursday, replacing the last top official seen to favour orthodox policy in a government gripped by a currency meltdown.
Russia's central bank is unlikely to raise its key interest rate by more than 100 basis points in December even after inflation neared a six-year peak in November, Governor Elvira Nabiullina said on Thursday.
China Extends Battle Lines to Manage Capital Outflows as Beijing Doubles Down on 'Economic Security'Dec 2, 2021 - 05:10:20 PST
Police, prosecutors, as well as customs and financial regulators in China have joined forces to tackle all possible channels of capital outflow as Beijing scrambles to ensure the world's second largest economy stays in the safe zone amid potential turbulence. Global markets tumbled on Tuesday after US Federal Reserve chair Jerome Powell said high inflation could persist...
President Joe Biden is set to kick off a more urgent campaign for Americans to get COVID-19 booster shots Thursday as he unveils his winter plans for combating the coronavirus and its omicron variant with enhanced availability of shots and vaccines but without major new restrictions. The plan includes a requirement for private insurers to cover the cost of at-home...
Gold demand in India strengthened in October despite higher prices. This continues a rebound in the world's second-largest gold market after it was pummeled by government policies during the coronavirus pandemic.
It appears American consumers are going to have a red Christmas this year.Red — as in going deeper into debt.
THE MOST VULNERABLE REGIONS IN THE WORLD: The Energy Cliff's Impact On Various RegionsDecember 2, 2021
As the world continues closer to the ENERGY CLIFF, certain Regions are more vulnerable than others. I was actually quite surprised by some of the data when I did the research. Also, it is no surprise why Europe is the first to experience severe disruptions in energy due to natural gas shortages and high prices...
The coins were buried in what is now the city of Augsburg around the third century C.E. Weighing in at a total of 33 pounds, the find represents the largest single hoard of ancient Roman silver ever found in Bavaria, Ancient Origins reports. Researchers found the trove in an old riverbed while conducting excavations ahead of construction of a housing complex.
Gold rose on Wednesday, tracking a retreat in the dollar as investors used a pullback in the previous session to buy bullion as a hedge against wider market volatility amid concerns over the impact of the Omicron coronavirus variant.
Dec 1, 2021 - 12:55:41 PST
Recent correspondence between U.S. Rep. Alex X. Mooney, R-West Virginia, and the U.S. Treasury Department suggests that the department has given the Federal Reserve and International Monetary Fund unfettered control of a substantial portion of U.S. gold reserves.
The following is a table of central bank gold holdings as of November 30, according to data from the International Monetary Fund (IMF): All figures are in tonnes.
It is increasingly clear that consumers and businesses are facing a period of inflation of a greater magnitude and longevity than predicted by policymakers earlier this year, amid evidence of rising prices globally. As precious metals specialists, we identify three current key trends for investors in this sector – 1. Inflationary forces are coming through and...
The global energy transition is in full swing, but a new form of inflation threatens to put the brakes on our greener future, at least temporarily.... For instance, BNEF estimates that it takes 10,252 tons of aluminum, 3,380 tons of polysilicon, and 18.5 tons of silver to manufacture solar panels with 1GW capacity. With global installed solar capacity expected to double by 2025 and quadruple...