Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Employers are easing job requirements and speeding up hiring procedures to survive a U.S. labor market with more openings than applicants.
US Credit Card Debt Soars Back Over $1 Trillion As Pandemic "Excess Savings" Run OutNov 8, 2021 - 05:38:20 PST
Moments ago, the latest Consumer credit data confirmed this, when the Federal Reserve reported that in September total consumer credit soared by $29.9BN, almost double $16BN expected, and well more than 100% higher compared to August.
For now, the best approach is to get out of Chinese stocks entirely if you have any and avoid the market entirely if you’re not already exposed. Sooner rather than later the Chinese yuan (CNY) will devalue sharply against the dollar in a desperate attempt to promote exports and export-related jobs.
This week Jerome Powell tossed the market a bone by hinting that the Fed would be patient in raising short-term interest rates due to the continued slack in the US labor market and inflation that would likely be “transitory”. Yet, today, the unemployment rate dropped more than expected to 4.6%, a relatively low level of unemployment. Wouldn’t a low unemployment rate like 4.6%...
By now investors are quite aware of the consequences of financial repression via negative real interest rate policies. Since interest rates on “risk free” government debt are too low to even compensate for inflation...
Ironically, it was Stalin who was responsible for the economic reconstruction of Europe and the Bretton Woods system’s birth, Mauricio Metri writes. On August 15th,…
The US Stock Market Is Headed for ‘Giant Crash’ Followed by a New Depression: KiyosakiNov 8, 2021 - 05:27:01 PST
"Rich Dad Poor Dad" has made this call before. He's not backing down.
Janet Yellen Admits The "Net Zero" Grand Reset Price Tag Will Be $150 TrillionNov 8, 2021 - 05:24:37 PST
For years, the climate change lobby was laser-focused on just one aspect of the “climate change” crusade: the end - which supposedly is some world where the temperatures no longer rise due to fossil fuel emissions (because we now live in a world of global warming as scientists agree, not to be confused with the global cooling hypothesis that emerged in the 1970s, ...
China's central bank will likely move cautiously on loosening monetary policy to bolster the economy, as slowing economic growth and soaring factory inflation fuel concerns over stagflation, policy sources and analysts said.
Spot gold was flat at $1,816.96 per ounce by 0819 GMT, after hitting its highest since Sept. 7 at $1,821.26 earlier. Major central banks last week stuck to the view that current inflationary pressures would fade, dimming the prospect for faster rate hikes.
American consumers piled on more debt in September as higher prices squeezed wallets.Consumer credit grew by $29.9 billion in September, bringing the total to $4.37 trillion, according to the latest data from the Federal Reserve. The increase in consumer debt nearly doubled the consensus estimate of a $15.5 billion increase.
Despite the Fed announcing it will begin tapering QE and a better than expected jobs report, gold rallied on Friday. In his podcast, Peter Schiff said this is sign sellers are exhausted.
MARKET & ENERGY UPDATE NOV 7th: Global Energy Inventories Continue To Worry The MarketNovember 7, 2021
Falling Global Energy Inventories continue to worry the market. With the world now dealing with a global "Energy Crisis," many analysts believe this is just a temporary problem, and it isn't. The Global Energy Crunch and energy shortages are a symptom of reaching the ENERGY CLIFF...
Yet, all currencies could devalue simultaneously against gold. This could easily drive gold prices to $5,000 per ounce or much higher to achieve the desired inflation. EUR/USD might remain around $1.16, but both EUR and USD would be worth far less when measured by weight of gold.
THE NEXT FINANCIAL CRISIS: Big Silver Price Moves When Institutions & Large Investors Can't Get Enough SilverNovember 6, 2021
Few in the precious metals community realize that the coming BIG MOVES in the silver price will happen when Institutions and large investors experience the same problem that small investors have when trying to purchase retail bullion in a tight market. But, it will be much worse because there isn't that much...
Silver continues its attempts to settle above the resistance level at $23.90. In case silver manages to settle above this level, it will head towards the resistance at $24.20. RSI is in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge.
Gold rose more than 1% on Friday to a near two-month high as major central banks' dovish tone on interest rates this week lifted the demand for the safe-haven metal.
Nov 5, 2021 - 12:56:51 PDT
Gold has been the mainstay of finance and the cornerstone of money for the last 5000 years. It has survived the rise and fall of the greatest and the least of all the empires in history and still is in use today, forming the basis for monetary mechanisms in the global economy.
In this article, the author focuses primarily on hyperinflation aspects though the latter phenomenon is an inevitable consequence of the former
Right now we're living in a world of all-time high asset prices -- just look at stocks, housing and cryptocurrencies to name just a few. They've all rocketed higher in 2021. Wages are suddenly rising faster than they have in many years, too.