Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Asian shares were mixed on Tuesday and currencies held tight ranges as nervous investors awaited several key central bank meetings that could set the tone for risk appetite heading into next year.
The Federal Reserve chairman used the bulk of a widely anticipated speech in late August to explain why he was still confident that this year’s inflation surge would prove temporary. His remarks haven’t aged well.
The Federal Reserve chairman used the bulk of a widely anticipated speech in late August to explain why he was still confident that this year’s inflation surge would prove temporary. His remarks haven’t aged well.
Investors are pricing in the briskest inflation rates in decades for the United States and the euro zone but central bankers may be well advised to take that with a pinch of salt given flaws in the indicator. The so-called five-year/five-year forward gauge of market inflation expectations - or 5y5y for short - has hit 2% in the euro zone and its U.S. counterpart is even above that threshold...
Rising Treasury Market Illiquidity Could Pose Financial Market Risk: BofANov 2, 2021 - 05:06:40 PDT
ising illiquidity in the $14.8 trillion U.S. Treasuries market could spill over into other financial markets as hedge funds reduce their capacity to take on risk, Bank of America warned in a report on Monday.
Gold has been rangebound of late, bouncing between $1,750 and $1,800 an ounce for several months. Given the inflationary environment, one would expect gold to be soaring. So, what's going on with the yellow metal? And when will the price of gold go up? Peter Schiff tackled this question during a recent Q&A session on YouTube.
Singapore’s top central banker said the monetary authority is watching for signs of accelerating inflation and is ready to act, underscoring how policy makers globally are refocusing attention on rising prices after their extraordinary efforts to weather the pandemic.
South Korea's consumer inflation accelerated to a near 10-year peak in October, forcing the central bank to revise up its 2021 price projections and reinforcing the case for another interest rate hike this year. The consumer price index (CPI) jumped 3.2% from a year earlier in October, government data showed on Tuesday, the fastest growth since January 2012 and sharply higher ...
Central bank officials may have to become more hawkish just as U.S. economic growth is slowing. Blame rising inflation.
These sorts of doubts are lacerating Biden’s social-welfare agenda as Congressional Democrats dump one plan after another to slim down the “Build Back Better” legislation and draft something able to pass.
Squid launched in late October and saw its price surge from one cent to as high as around $2,800, before plunging to $0.
The message from the powers that be in Washington to the shadow bankers of the crypto world couldn’t be clearer: It’s time to become a real bank.
Investors who want to know what will be the main driver of $2,500 gold prices, look no further than Gold ETF demand. Yes, it's true. While gold bar and coin demand is a significant percentage of the gold market, the surge in Gold ETF demand tends to be the main price driver and has been in the past...
It isn’t only that the overall narrative on transitory inflation is starting to get holes. We like the silver play, for instance because gold is somewhat in the limelight in battle with Bitcoin, consequently, allowing silver to shine while it is typically in the shadows. On top of it all, we find clear evidence that commodities with industrial use, are likely in a long term bull market.
Gold prices recently saw a rebound above the key $1,800/oz level — the highest in over a month — as the momentum of fear continues to build on inflation, one that is more concerning than central bankers had tried to portray.
The 20-year yield is 1.98% and is 5 basis points higher than the 30-year rate at 1.93%. This is a 5-point inversion.
As we approach another Fed Open Market Committee (FOMC) meeting (November 3rd), it is time to look at the Taylor Rule, created by Stanford economist John Taylor to help everyone understand what The Fed is likely to do. Unfortunately, The Fed doesn’t do what expected.
The front-page headline in the Wall Street Journal on October 14 says it all, “Inflation Is Back at Highest in over a Decade.” The Labor Department reported that the Consumer Price Index (CPI) increased 5.4 percent from a year ago. This should not have been a surprise to Federal Reserve chairman Jerome Powell and his fellow board members nor to its hundreds of PhD economists...
The line of dominoes that is already toppling extends around the entire global economy and financial system. Plan accordingly.
Mega-policy decisions to boost demand. Now mega-consequences.