Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Sep 10, 2021 - 11:29:27 PDT
Let's check in on the three ring circus to see where it's headed.
With the stock market at all-time highs and seemingly endless “free liquidity” being provided by the Fed, the last thing most people can envision right now is a major recession—particularly one that will be the worst since the Great Depression of the 1930s!
They say those who do not understand the lessons of history are condemned to repeat them. This isn't the first time that authorities have intentionally devalued their currency in desperate attempt to stimulate economic growth. Yet right now the world's central banks - the Federal Reserve, the ECB, the BoJ and the PBoC - are all aggressively expanding their money supplies...
Job growth numbers on Friday failed to impress. Economists had predicted job growth in the area of 720,000, but according to the Department of Labor’s estimates, jobs growth for August was only a third of that: 235,000.
A third of U.S. consumers who used "buy now, pay later" services have fallen behind on one or more payments, and 72% of those said their credit score declined, a new study published by personal finance company Credit Karma showed.
Even with the darkest days of the pandemic behind us, the number of renters in financial trouble isn’t falling. Many families won’t be able to pay off their debts until rental assistance reaches them. Yet that $45 billion in aid passed by Congress to address the crisis has been bafflingly slow to reach households.
The American Rescue Plan is the latest attempt to create economic growth from debt. Our fear is it won't and instead contributes to weaker future growth.
Patrick Hill combs through economic data to determine whether or not higher prices and wages will lead to inflation becoming embedded into the economy.
After months of little progress in U.S.-China relations, Joe Biden’s frustration led him to initiate a call with Xi Jinping in search of a breakthrough. Now the question is who will be first to take concrete action.
By an 80-20 margin voters oppose tax increases as the U.S. comes out of the pandemic, according to a new poll conducted by HarrisX.
The poll was conducted by HarrisX between Sept.
The new poll finds 69% of Americans say things in the country today are going badly, below the pandemic-era high of 77% reached in January just before President Joe Biden took office but well above the 60% who felt that way in a March CNN poll.
When I walk the beach, I look for sharks' teeth. Over the years, I've developed a pretty good eye for them. In fact, I've filled an entire lamp with sharks' teeth.Not too long ago, I was walking the beach with my son and there were no sharks' teeth to be found. Frustrated, I told Brendan that I was going to change my strategy. Instead of looking for sharks' teeth, I'm going to look for gold coins.
History is repeating itself in ways that we, and our kids, will live to regret.
Central banks must 'roll up their sleeves' and urgently speed up their work on their own digital currencies before crypto upends the current financial system, the BIS says
Since the ECB moved to negative rates in 2014, here we are approaching 8.6 years, which is coming up in 2022 when everything just goes bang.
The government is always promising to fix things. It has policies to fix the economy, fix foreign countries, and even fix the pandemic. But as Friday Gold Wrap podcast host Mike Maharrey explains in this episode, instead of fixing things, the government wrecks pretty much everything it touches.
Inflation: US Producer Prices Soar At Record Pace In August, Up 9 Months In A RowSep 10, 2021 - 05:40:04 PDT
Another month, another series of inflation indicators begins with Producer Prices and it won't help Powell's case that this is all 'transitory'. Headline PPI rose 0.7% MoM (above the 0.6% expected) which sent the headline print up a stunning 8.3% YoY...
The European Central Bank will probably continue buying assets for years to come, according to a portfolio manager at Pacific Investment Management Co.The central bank may end net purchases under its its pandemic bond-buying program in 2022, but then increase purchases under its its regular asset program...
Strategists from almost all the top Wall Street banks have come out this week with a nervous message about the U.S. stock market.The latest views hail from Deutsche Bank AG and Goldman Sachs Group Inc., and echo earlier pronouncements from Morgan Stanley, Citigroup Inc. and Bank of America Corp.
Global Central Bankers Warn: Bitcoin Could Collapse and Isn’t ‘A Good Safeguard of Value,’: MWSep 10, 2021 - 05:15:52 PDT
It's a historic week for bitcoin, but that hasn't stopped global central bankers from issuing a round of warnings about the utility and inherent volatility...