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Something has seriously changed in India as the Sleeping Silver Giant has awoken. In the past year, silver imports to India have been virtually... DEAD in the water. Thus, India went from being one of the top silver imports to one of the lowest. This was due to issues stemming from the Pandemic shutdowns...
Gold Posts Third Gain in a Row After Brief Climb Above $1,800 an Ounce: MWOct 14, 2021 - 13:03:00 PDT
“Gold and silver roared back alive this week and it is showing how oversold and appealing it is to buyers on pullbacks, with growing inflation concerns globally and deep negative real yields,” Peter Spina, president and chief executive officer at GoldSeek.com, told MarketWatch.
The topics revolve around what is next for gold, what is the general sentiment and how to assess the current situation geopolitically, with a special focus on China..
Russia has reached a historic record in international reserves, ranking fifth in the world after China, Japan, Switzerland and India, the Accounts Chamber said after an audit of the country’s gold and foreign exchange holdings.
It would only take a small number of brokers deciding to leave the Ring to consign it to the history books. The LME has said that if several of the biggest Ring dealers quit, or if the total number of Ring dealers drops below six, it would automatically shift official prices to be set electronically – likely leading to the permanent closure of the floor.
Health care employment is down 3.2% since February of 2020. It's not the overall percentage that's the problem but the distribution.
More Than a Third of Jobless Americans Are Still Long-Term Unemployed — And Without BenefitsOct 14, 2021 - 12:00:05 PDT
There were 2.7 million people long-term unemployed in September. These people, who’ve been out of work at least six months, account for 34.5% of all unemployed Americans.
71% of Retirement Age Investors Worry Rising Inflation Will Negatively Affect Their SavingsOct 14, 2021 - 11:57:56 PDT
A new survey shows retirement age investors are concerned rising inflation could make it difficult to find steady income from their investments.
"America’s sanctions policy is both costly and cruel, with the gains rarely worth the resulting human harm. The Biden administration should review current policy and sharply limit the use of economic sanctions." ~ Doug Bandow
What’s in Biden’s Plan for the IRS To Monitor Nearly Every American’s Bank Account?Oct 14, 2021 - 10:25:19 PDT
Biden's bank account–monitoring plan draws fierce backlash
If stocks DO NOT reclaim this line right here and now, it’s likely GAME OVER for the bull market. The whole situation is similar to that of 2008. At that time stocks broke down, then rallied to “kiss” the 50-DMA several times. When they failed to reclaim it is when the REAL fireworks hit.
More Americans typically prefer a limited government role to an active one, think there is too much rather than too little regulation of business and believe the government is too powerful.
The Federal Reserve’s most embarrassing ethics scandal in years has cast a harsh spotlight on the world’s most powerful central bank and the arm’s-length governance of its 12 regional branches.
Citing unproductive debt, velocity, and a negative multiplier from government debt, Lacy Hunt sticks with his prognosis of lower treasury yields.
It’s frustrating to watch gold and silver languish when they’re surrounded by major catalysts and since, well, everything else is going up. More than frustrating, it’s bewildering.
Silver to Finally Realize Its Potential? I’ve No Idea – But I’ve Just Bought a Load: Dominic FrisbyOct 14, 2021 - 07:14:12 PDT
The time to buy is when the market is boring. When nobody cares.
So the taper will start in November. It’s a mistake but that’s the Fed for you. They make one mistake after another. Get ready for a new recession in 2022.
With CPI data once again coming in hotter than expected, it's getting harder and harder for the mainstream to swallow the "transitory inflation" narrative.And some people are starting to worry.During an earnings call, JPMorgan Chase CEO Jamie Dimon expressed concerns about higher than expected and persistent inflation ahead.
Gold edged higher on a weaker dollar after its biggest advance in seven months as investors weighed concerns around stubbornly high inflation and the looming reduction in stimulus...
The Number Of Americans On The Dole Crashes To Less Than 4 Million As Pandemic Benefits EndOct 14, 2021 - 05:51:01 PDT
For the first time since early March 2020, less than 300k Americans filed for first time unemployment benefits last week...