Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Nov 10, 2021 - 12:59:43 PST
The elite form a powerful bloc comprised of big government, big business and big special interests. They are seeking to use their power to benefit themselves at your expense.
Record 111 Container Ships Floating off California’s Ports, Despite Biden’s 24/7 Schedule and FinesNov 10, 2021 - 12:35:35 PST
Containers that have been stacked up on docks for weeks are preventing ships from being able to berth and offload cargo.
President Joe Biden says he is prepared to go to battle with inflation, as government data confirms a pace of price increases not seen in decades.
Dollar Purchasing Power Plunges. Most Monstrously Overstimulated Economy Ever.Nov 10, 2021 - 12:30:12 PST
Inflation is the loss of the purchasing power of the dollar. In October, the purchasing power of the dollar dropped another 0.8%. Since January 2000, the purchasing power of $1 has dropped to 61 cents. Note the steepening slope in recent months:
"The Heat In Blistering Inflation Will Make The Fed Start Sweating": BofANov 10, 2021 - 12:24:26 PST
Wall Street expected a beat, but today's "blistering" CPI was an overheating "shock" and the Fed is about to start sweating.
What a Rate Hike in 2022 Might Mean: They Won’t Because Doing So Would Harm the Financial MarketsNov 10, 2021 - 12:15:16 PST
Senator Rick Scott of Florida, in a letter to Chairman Powell, agrees: “Today, American families are faced with rising prices and inflation not seen in 30 years – this is surely not ‘price stability.’
Federal Reserve Bank of San Francisco President Mary Daly said she is monitoring “eye-popping” inflation but it is too soon to judge if the central bank should accelerate its pace of policy tightening.
Gold and silver are the best defensive commodities to own when goods and services start to become more dear. The yellow metal is the ultimate store of value, proven to have held its worth over time, unlike fiat currencies which are subject to inflationary pressures and over the years, lose their value.
State of the American Debt Slaves: Foreclosure Bans, Forbearance, Delinquencies & Soaring PricesNov 10, 2021 - 09:12:42 PST
Home-price explosion pumps up mortgage debt.
The unprecedented fiscal spending that many governments unleashed in response to the COVID-19 crisis has fueled an increasingly heated debate over the risks posed by public debt. But the debate is far from new, and history holds important lessons that should inform it.
U.S. food banks already dealing with increased demand from families sidelined by the pandemic now face a new challenge — surging food prices and supply chain issues walloping the nation.
U.S. consumers faced the biggest jump in their energy bills in more than a decade last month, with costs soaring for electricity, natural gas and fuel oil as cooler weather approaches.
During the pandemic, home prices shot up while household income fell, creating an affordability crisis.
Biden’s $1.7T Plan Would Give the US Highest Average Top Personal Income Tax in the Developed WorldNov 10, 2021 - 07:53:26 PST
If President Biden’s Build Back Better agenda passes the Senate in its current form, the US would have the highest top income tax in the developed world. If President Biden's Build Back Better agenda passes the Senate in its current form, the US would have the highest top income tax in the developed world. The average top tax rate would reach 57.4 percent, and the top rate would breach 50 percent in all 50 states.
Big Business Bosses Are Warning That Supply Chain Issues and Inflation Are Here to StayNov 10, 2021 - 07:38:13 PST
Top executives at multiple European blue-chip companies have told CNBC that supply chain problems, labor shortages and inflationary pressures have longer to run.
Biden Starts To Freak Out About Soaring Inflation, Orders Economic Council To "Reduce Energy Costs"Nov 10, 2021 - 07:24:43 PST
To be clear, what he was referring to is Biden's $1.75 trillion (which really is more like $5 trillion) BBB plan (the same as the US credit rating after it passes), which will make galloping inflation quite "hyper" and which Manchin is - at least for now - clearly opposing.
Manchin Says Inflation 'Not Transitory', Cannot Ignore 'Pain' Felt By AmericansNov 10, 2021 - 07:23:00 PST
Moderate Democratic Senator Joe Manchin of West Virginia said on Wednesday that the inflation we're seeing right now is not transitory, and "is instead getting worse."
THIS Is the Fed’s Catch 22 About Being Forced to Tighten into a Slowing Economy: DiMartino BoothNov 10, 2021 - 07:07:53 PST
2s/10s broke 100 bps on this CPI print and is at 0.98. THIS is the Fed’s Catch 22 about being forced to tighten into a slowing economy because they refused to ease off accelerator after 2020 #FlashRecession.
Gold & Crypto Surge As Soaring CPI Sparks Hawkish Jump In Rate-Hike OddsNov 10, 2021 - 06:44:09 PST
How long before we are reassured by some talking head that this is all still transitory?
The 2PM GMT (9AM EST) Hanke-Gold Sentiment Score posts a strongly positive 7.43. The Bullish sentiment has remained stable during the past 6 hours. We note also that the 80 Hour Moving Average of the Hanke-Cofnas Sentiment Score has entered into positive reading of 0.65, indicating that Bullish expectations are building support.