Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
How much gold is there in the world?The simple answer — not much!Scarcity is one of the characteristics that give gold value.
Biden Unveils New Details From $1.75 Trillion Social Spending & Climate PlanOct 28, 2021 - 06:48:50 PDT
But will the House progressives accept so many cuts from their $3.5 trillion vision?
«It's currently an interest rate story and but it's increasingly looking like inflation is the is the future story and gold tends to perform well in inflationary environments, and that's when you'll see investment interest again,» Naylor said.
With the Atlanta Fed cutting its GDPNow estimate to just 0.2% yesterday...there were big worries that today the BEA could reveal a shocker of a number, one far below the rapidly falling consensus estimate of 2.6%. Well, the Q3 GDP number just came out and it was bad...
As "Transitory" Inflation Persists More Companies Raising Prices to Offset Surging CostsOctober 28, 2021
Consumers have been hit hard in the wallet by inflation this year, with CPI up 5.4% year-on-year in September. But consumer prices are only part of the inflation equation. Producers of goods and services also face rising prices in an inflationary environment. Producer price increases have been even more dramatic than the rise in CPI, and we're starting to see those higher prices trickle down to consumers. This is yet another indication that inflation is far from "transitory."
Stagflation in China Is a ‘Very Real’ Risk in the Next Couple of Quarters: AnalystOct 28, 2021 - 05:43:09 PDT
“That is going to be a different dynamic for the world to adjust to,” the analyst added, explaining that the world is used to China stimulating its way out of various economic predicaments.
Forget the goods supply-chain crisis threatening global risk assets: the real test comes next year when a service-sector boom drives labor costs higher and pressures central banks to tighten policy more decisively.
The report takes into account changes in household income, mortgage rates and nominal home prices when calculating affordability.
(Bloomberg) -- China Evergrande Group’s next bond payment deadline is fast approaching as investors scrutinize the developer for clues on the severity of a cash crunch that’s eroding confidence in other highly indebted peers.
The Bank of Japan Retained Its Easy Monetary Policy Settings on ThursdayOct 28, 2021 - 05:26:10 PDT
As widely expected, the BOJ maintained its target for short-term interest rates at -0.1% and that for 10-year bond yields around 0% at the two-day rate review that ended on Thursday. In fresh quarterly estimates, the BOJ cut its consumer inflation forecast for the year ending in March 2022 to 0% from 0.6% due largely to the impact of cellphone fee cuts and a change...
Brazil delivered the biggest interest rate hike in nearly two decades and pledged an equally large rise in December, warning that the erosion of public finances risks propelling inflation further above target.
Higher inflation has raised questions in markets over a possible pivot, putting a bigger spotlight on President Biden’s choices.
Central Bank Moves and Supply Shocks Among Top Risks to Global Economy: Reuters PollOct 28, 2021 - 05:15:29 PDT
Central banks reducing emergency stimulus too quickly and further supply chain disruption are among the top risks to the world economy next year as the COVID-19 pandemic lingers, according to economists in a global Reuters poll. Given global growth has likely peaked, forecasters have broadly sided with the view shared by many top central bankers that...
The collapse in the global sovereign-debt yield curve is accelerating, sending a foreboding signal to central banks that a withdrawal of stimulus risks triggering a slowdown in economic growth.
The European Central Bank left policy unchanged on Thursday as widely expected, holding fire before a set of crucial decisions in December on ending pandemic emergency stimulus and returning policy to a more normal setting.
A few weeks back, we shared this video with you explaining why gold & silver mining stocks are "dirt cheap" right now. It featured precious metals analyst Jeff Clark, who explained why it's only a matter of time until the market corrects this extreme discount, and why higher prices -- likely MUCH higher -- lie ahead.
Due to the passage of the Illinois State Clean Energy Bill, two nuclear power plants facing retirement this month have been reversed. The Byron and Dresden Nuclear plants, run by Exelon Energy, were facing retirement due to operating losses from competing with lower-priced fossil-fuel electric generation...
As Benjamin Wong, Strategist at DBS Bank, notes, XAU/USD’s technical chart shows the possibility of a near-term bullish inverse head-and-shoulders pattern, that requires a break over $1830 for validation. Once validated, gold would open up further upside.
So, continue to prepare for what's to come. You've been granted some time here in 2021 to add physical metal to your stack at some surprisingly low prices. But this period of consolidation and faulty expectations is ending. Patient investors will soon be rewarded...gradually, and then all at once.
Ray Dalio, CEO of Bridgewater Associates, said that he would choose gold over Bitcoin during an event held by the Future Investment Initiative Institute, a non-profit organization run by Saudi Arabia's biggest sovereign wealth fund, in Riyadh earlier today.