Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Covid-19 has exacerbated housing issues for many people. Now, one program is testing what happens if the homeless are given monthly guaranteed income.
Fed Officials Will Seek To Avoid a Tantrum As They Keep ‘Taper Talk’ Going at Key SummitAug 23, 2021 - 05:17:24 PDT
The Fed's efforts to reverse its easy policy will be a dominant theme for markets in the week ahead, as central bankers meet virtually for their symposium.
President Biden’s Job Approval Ratings Drop As COVID Cases Rise and Crisis in Afghanistan MountsAug 23, 2021 - 05:12:35 PDT
A vast majority of those polled say they disapprove of Biden’s handling of the current situation in Afghanistan, with only 25% noting they approve of the way he’s dealt with the crisis.
The world's largest digital currency by market value rose to $49,821 on Saturday afternoon in New York.
Fast-Food Wages Climbed 10% in Latest Quarter, the Largest Jump in Years, Report SaysAug 23, 2021 - 05:08:54 PDT
Wages for hourly limited-service restaurant workers climbed 10% in the second quarter compared with a year ago, according to a new report.
Treasury Yields Start the Week Higher With Key Fed Policy Event in FocusAug 23, 2021 - 05:07:14 PDT
U.S. Treasury yields rose on Monday morning, with investors focusing on the Federal Reserve's annual central banking event, due to be held later in the week.
GOLD & SILVER MARKET UPDATE AUG 23rd: Interesting Dynamics Taking Place In Precious Metals & Bullion PremiumsAugust 23, 2021
Both gold and silver continue to find large buying at support levels. With the metals continuing to consolidate from last year's highs, there are some interesting dynamics taking place gold and silver market, especially with bullion premiums. Also, institutional investment in the Silver ETFs continues to be quite strong...
The price of gold and silver can be driven by several variables both technical and fundamental. Fundamental drivers include Fed meetings/speeches, their balance sheet, inflation data, jobs numbers, market risk appetite, etc. This analysis attempts to look at some of the more technical factors driving prices (e.g. Comex OI, Miners price action, technical price action). The CFCT Cots report can show investor positioning but is covered in another analysis.
The Green Energy Industry has a big problem... and that's the growing number of wind blade graveyards across the world. Down in lil ole Sweetwater, Texas, they have their own wind blade graveyard with more than a thousand blades sitting plum next to the town cemetery. What an irony... eh?
Hold Gold: Insuring Your Portfolio Could Prove Lucrative: Dominic FrisbyAug 20, 2021 - 12:55:35 PDT
Gold has had a grim year, but the backdrop for the traditional safe haven and store of value remains auspicious. There is scope for the price to jump by 30%-40%, says Dominic Frisby
Aug 20, 2021 - 12:49:47 PDT
Data published by the Central Bank of Russia shows that #gold reserves increased by 3.1t in July, rising to 2,295.4t. This is the first monthly increase in gold reserves since June 2020.
Since Nixon's detachment of the dollar from gold, fiat money has been a decades long failure. It has financed overwhelming government interventions, both at home and abroad. A government that can lean on The Fed to counterfeit money is a government that is financially unrestrained by the people. Reforms are coming as the monetary failure reaches a crescendo.
Aug 20, 2021 - 11:48:52 PDT
The famous Hindenburg Omen, the technical indicator that predicted the 2008 correction in the stock market, has just flashed “ALARM” again.
Aug 20, 2021 - 11:45:28 PDT
To quote Tommy Lee Jones from the film Men In Black “There’s always an Arquillian Battle Cruiser, or a Corillian Death Ray, or an intergalactic plague that is about to wipe out all life on this miserable little planet, and the only way these people can get on with their happy lives is that they DO NOT KNOW ABOUT IT!”
Headline! “Fed’s Kaplan says delta variant could cause him to rethink his tapering view” Face it, the Federal Reserve may alter its growth path on asset purchases of Treasuries and Agency Mortgage-backed Securities, but it is doubtful that they will pare back their balance sheet. Call it “A Never-ending balance sheet for you” world. Why? Seemingly never-ending Covid crisis, etc.
The Most Splendid Housing Bubbles in Canada Dogged by the Bank of Canada’s End of QEAug 20, 2021 - 11:39:12 PDT
The housing insanity “softens.”
A scarcity of capital from local and federal governments will result in a $5.7T infrastructure gap by 2039. What will its consequences be?
"Don’t worry about higher inflation", we’re being told."It’s only temporary". Highly-respected Johns Hopkins economist Dr Steve Hanke disagrees. He warns that inflation may keep rising -- all the way up to 9% by the end of this year. And as it does, he sees it strangling economic growth and dragging stock prices down -- undoing much of the recovery seen over the past year.
Sky-high inflation may be temporary, but American families are feeling the effects in their bank accounts, paying more for groceries, housing, gas and more.
Aug 20, 2021 - 10:22:41 PDT
For nine consecutive days there has been a negative demand in excess of one trillion dollars that financial institutions struggle to get rid of.