Gold has all the potential to go unprecedentedly high. But silver will be gold on
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If you think silver is headed to new all-time highs in this cycle…Or you believe gold is going to mid four-figures or even five figures…Then many people might think you’re a kook…I’ve certainly been called that at times.But here’s the thing—kooks like us have been right before.
This is an obvious one. Given all of the Fed’s money printing, Rule pointed out the importance of owning gold and silver.
Gold futures tick marginally higher early Monday, finding its footing as the U.S. dollar holds steady and investors look ahead to this week's Federal Reserve meeting.
Will the Fed join a hawkish tilt among global central banks? — Investors Diurnal Finance Magazine Your business news source, updated 24/7 | Click here for more news.
In the late 1960s, U.S. economic policy makers misjudged how hot they could run the jobs market without fanning inflation. The miscue paved the way for an economically debilitating wage-price spiral the following decade.
Leaders of the world's 20 biggest economies (G20) will endorse an OECD deal on a global minimum corporate tax of 15%, draft conclusions of the two-day G20 summit showed on Saturday, with a view to have the rules in force in 2023.
Inflation is still raging in the U.S. and Europe, especially in Spain where soaring energy costs are pushing broader price gauges higher.
The more significant concern, however, remains the underlying technical condition of the market. While the rally has been impressive, rising almost 6% from the recent lows, the market is now back to more extreme overbought levels, trading 2-standard deviations above the 50-dma, and breadth remains troubling.
Futures on the fed funds rate, which track short-term rate expectations, priced in a 90% chance of quarter-point tightening by June 2022
A U.S. Treasury Department-led panel is set on Monday to release a hotly-awaited report on stablecoins, a fast-growing type of digital coin pegged to traditional currencies, according to an administration official with knowledge of the matter. The report by the President’s Working Group on Financial Markets will explore the risks and opportunities offered by...
The Federal Reserve and global counterparts are poised to take center stage in three days of monetary action that will reveal if they share the alarm about surging inflation that has gripped investors.
Price and wage increases running at multi-decade highs may challenge Federal Reserve officials this week as they try to maintain a balance between ensuring inflation remains contained and giving the economy as much time as possible to restore the jobs lost since the pandemic. With investors already wagering the Fed will raise rates twice next year...
IRS Plan To Collect $400 Bln in Unpaid Taxes Relies on Deterrence-U.S. Treasury’s AdeyemoNov 1, 2021 - 05:10:54 PDT
The U.S. government aims to raise $400 billion in new revenue over a decade by making rich Americans respect the Internal Revenue Service once again as part of President Joe Biden's slimmed-down, $1.75 billion social and climate spending plan. Increased IRS enforcement to collect unpaid taxes makes up the largest source of revenue in the legislation to be...
The dollar consolidated gains against its rivals on Monday, after posting its biggest daily rise in more than four months as hedge funds cut back bearish bets ahead of a U.S. Federal Reserve policy meeting this week. Monetary policy in the United States, Australia and the United Kingdom is in sharp focus this week, with the Federal Reserve widely expected to...
A selloff in Chinese developers’ debt is deepening, with one of the 20 biggest developers joining a host of firms looking to dodge defaults as debt crises effectively shut them out of the overseas financing market.
Why This ‘Perfect Storm’ for Inflation Will Push Americans Back to Work and Cool Speculative MarketsNov 1, 2021 - 05:05:09 PDT
Investors now are experiencing a perfect storm of inflation in the U.S. Perfect storms are generated from seemingly small factors. Inflation is always caused by too much money chasing too few goods. This is how the “too much money” side looks currently: During mandated pandemic shutdowns, the U.S. government dropped money on anyone who could fog a mirror.
Mortgage rates rose once more, with any further upside now in the hands of the FED that delivers its monetary policy decision on Wednesday.
This means you’re about to see a ton of mind-numbing headlines about the Fed and monetary policy and the “tapering” of quantitative easing (QE).
Bank of England policy makers are heading into their meeting this week knowing that failure to deliver a once-unthinkable interest-rate hike would now raise serious questions over their credibility with markets.
The Federal Reserve won’t be the only one announcing a taper on Wednesday. The Treasury Department, for the first time in more than five years, will likely unveil a scaling down of its behemoth quarterly sale of longer-term securities.