Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
US Fed Warns China Property Sector Stress Could Pose ‘Risks’ to American EconomyNov 9, 2021 - 05:11:39 PST
The US Federal Reserve warned in its semi-annual financial health check overnight that stress in China's real estate sector could pose "some risks" to the American financial system, pointing to the recent concerns surrounding China Evergrande Group, the world's most indebted property developer. In its latest Financial Stability Report, the US central bank said the ongoing regulator...
Persistent Inflation, Fed Tightening Now Top Cited Financial Stability ConcernNov 9, 2021 - 05:08:37 PST
The Fed released its semi-annual Financial Stability report on Monday, which shows “persistent inflation/monetary tightening” as the most cited potential shock over the next 12 to 18 months.
Amid the market’s debate over whether inflation will prove transitory or permanent, closely tracked indicators, such as bond yields, are sending us mixed signals about the future.
While millions of Americans are suffering from runaway, galloping inflation everywhere (to avoid the dreaded "H" word that made Jack Dorsey every lib's enemy #1) from the gas pump to the grocery store aisle - which of course affects low-income individuals the most, MSNBC has gone up to bat for the Biden administration, deploying their best pretzel-logician to explain why all this inflation is literally - wait for it - good.
American consumers aren't buying the transitory inflation narrative.Even after five straight months of annual CPI increases over 5%, Jerome Powell continues to insist inflation is "transitory" and the result of a "supply chain problem." But according to the New York Federal Reserve Survey of Consumer Expectations, people aren't buying this story. They expect inflation to be running at 5.7% a year from now. And in three years, they still expect the inflation rate to be at 4.2%.
The country is teetering on the edge of an economic abyss and the Biden Administration is doubling down. The only question is how far down the President is willing to drag his party and his own approval numbers to continue to push an unconstitutional, deeply unpopular, and thoroughly tyrannical forced vaccine on the population.
The U.S. is in serious trouble as its "Real Economy" has been replaced with a "Financial & Technology Bubble" of epic proportions. A perfect example is the one-day 12% loss of Tesla's stock today... the epitome of High-Tech on Steroids. This MUST-WATCH video shows how the U.S. economy has transitioned from...
Discovered in a West Norfolk field, the cache of 131 coins and 4 gold objects dates to around 600 C.E.
Gold ticked to a fresh 2-month high of 1,821 on Monday following the speedy recovery during the past two trading days, which boosted the price by a whopping 2.7% but it was still not enough to reach the crucial resistance of 1.833. Note this is where the 38.2% Fibonacci retracement of the 2,079 – 1,676 downfall is also positioned.
Spot gold (XAU/USD) continues to trade with an upside bias on Monday after breaking above key resistance last Friday in the $1814/oz area. Spot prices
There is much talk about why silver hasn’t performed this year. What is overlooked is that the time increment of a year is random. Looking over the last 20 months, silver had a stunning performance. It more than doubled in price to where it is trading now. How often does that happen in precious metals?
The Fed’s unhurried approach to raising interest rates and subdued Treasury yields seem to be supporting gold bulls
While third-quarter GDP growth came in a little higher than the Atlanta Fed was predicting, it still came in below the consensus of economists, which averaged at 2.6%. The Bureau of Economic Analysis came out with 2.0%:
In the meantime, central banks, like the Fed and the ECB, appear to be taking their monetary policies from a classic, pre-internet game, shown below. When the racket is up, many will be going straight to Jail without passing Go.
A negative turn in social mood points to trouble in financial markets...
What’s the Message? The Fed is going to hike the US economy into a recession.
US Inflation Expectations Surge to Another Record High, New York Fed Survey ShowsNov 8, 2021 - 08:45:21 PST
With consumers braced for the highest inflation levels in nearly a decade, they are also expecting the price of things like food, gasoline, rent and college tuition to rise over the next year. The only things that Americans expect to get cheaper over the next year are home prices and medical care.
One can't help but get the feeling this is a cleaning of the house before Brainard takes over from Powell as Quarles has been criticized by Senator Elizabeth Warren for sanding down bank regulations during his tenure, and she has also said she would not support a second term for Powell.
One use of the word "sorry" is to mean in a poor, wretched, pitiful state or condition. It appears this opinion is now shared by many Americans. This is highlighted by what is put before us when we seek to read the news each day. The articles below (some shortened) give the impression the American people do not have much to be happy about.
On this episode of Common Sense Soapbox, Seamus explains to Sarah, Bob, and Ron how the hundred-year-old Jones Act makes the American shipping industry way more expensive than it needs to be. In short, an act that was supposed to protect the industry actually ended up killing it. Watch the episode to learn how.
CREDITS: Written by Seamus Coughlin and Sean W. Malone Research by Matt Hampton & Tyler BrandtStoryboards by Jett AtwoodAnimation by Seamus Coughlin, Natasha Borrero, Caleb Black, Jaime Velasquez, AmazilProduced & Edited by Sean W. Malone