Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Bank of England Governor Andrew Bailey said on Thursday that central banks took risks when they sought to provide guidance on what is likely to happen with interest rates during times of economic uncertainty.
Investors dumped risk assets and flocked to havens Friday as a new variant of the coronavirus made its presence known in global markets.
U.S. consumer sentiment plunged to a decade low in November, according to a University of Michigan survey, which blamed inflation and a growing sense among Americans that no effective policies have been put in place to rein in surging prices.
As Many As 42 Million People in the US Could Be Facing Food Insecurity in 2021Nov 25, 2021 - 08:34:09 PST
Food banks call for volunteer help amid rising costs, high demand...
The minutes of the last Fed FOMC meeting are out. Let's take a look.
Remember 2008? Bankers are repackaging everything from fast food franchises to fitness-center fees into bonds at the fastest clip since the global financial crisis. This year’s sales of U.S. asset-backed securities have already surpassed $300 billion, and more is expected by year-end.
German Central Bank Warns of Overblown Property Prices with the Problem SpreadingNov 25, 2021 - 08:20:04 PST
Germany's central bank warned Thursday about overvaluation in the housing market, calling it a "specific vulnerability."
Commodities such as gold, oil and agricultural products — considered real assets, or those you can see, touch and taste — have outshone the broader market by a wide margin during periods of high inflation in the 1970s, late 1980s and early 2000s. That could happen again.
When I was a kid, we used to say some things only “sound good on paper.” In other words, they seem like good plans, but there is no way they’re going to work in the real world.That’s socialism in a nutshell.The Pilgrims found this out the hard way during their first couple of years in North America.
How fast can inflation turn into hyperinflation? Take a look at October 1923. Considering the nation’s soaring inflation, $29 trillion debt, and rampant spending—all of which spawn from the Fed’s reckless monetary policies—it may be time to take Hayek’s advice.
Nov 25, 2021 - 05:58:09 PST
Looking at the prospects for the economy and markets in the run-up to the November 2022 midterm US elections, I have an unsettling feeling that I may end up watching the repeat of a script from just over a decade ago. A transformational agenda for the US economy is again at risk, as questions also mount for financial markets.
Nov 25, 2021 - 05:55:05 PST
The currency has fallen by more than 40% this year against the US dollar and, following an 11% fall on Tuesday alone, now sits at close to a record low against the greenback.
Nov 25, 2021 - 05:49:29 PST
The increase in the interannual inflation rate in Mexico, of which today it was learned that in the first half of November it reached 7.05% and its highest level in 20 years, the situation of the Mexican economy worsens, also affected by the depreciation of the peso and by the unexpected changes in the succession of Banco de Mexico.
Argentine bonds are plumbing back into default territory as political risk has risen and while talks have dragged with the International Monetary Fund to revamp some $45 billion in debts the grains producing country cannot pay.
South Florida and New York See Apartment Rents Surge More Than 30%: BloombergNov 25, 2021 - 05:44:15 PST
In Miami, West Palm Beach and Fort Lauderdale, rents jumped 36% in October from a year earlier, while the New York City metro area -- including Westchester County and parts of northern New Jersey -- posted a 31% gain, according to a report by Redfin Corp.
Former U.S. Treasury Secretary Lawrence Summers said that Federal Reserve policy makers are signaling a “new era” in which they recognize the U.S. economy is overheating as inflation runs at its fastest in three decades.
The U.S. Federal Reserve will likely double the pace of tapering its monthly bond purchases from January to $30 billion, and wind down its pandemic-era bond buying scheme by mid-March, Goldman Sachs strategists said in a daily note on Thursday. “The increased openness to accelerating the taper pace likely reflects...
Oil Prices Are Headed for $100 Despite U.S. Efforts to Release Reserves, Analyst SaysNov 25, 2021 - 05:16:20 PST
“It is a clear sign of desperation that this is the only tool in the box and it is not going to work. I do believe the market will call the U.S.’s bluff on this and we’re likely to see higher prices rather than lower prices one month from now,” Schork said.
You know it's bad when... your approval rating is worse than Joe Biden's. As the American President's approval rating has plunged to just 41.3% - the largest drop of any president since WWII, UK Prime Minister Boris Johnson is facing up to the fact that just 29% of Brits think he is do9ing a good job.
SILVER MARKET REPORT NOVEMBER 2021: Why Investment Demand Will Continue To Be The Main Driver Of PriceNovember 25, 2021
Happy Thanksgiving, Everyone. I wanted to post this new Silver Market Report for the holiday weekend as a prelude to the coming BIG TRIGGER Video coming out next week. While this is a Gold Member video, some charts will be shown in the BIG TRIGGER video for all members. Industrial Demand is no longer...