Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Brazilian policy makers will do whatever it takes to bring inflation expectations back to target despite a perceived deterioration in the country’s fiscal outlook, according to central bank President Roberto Campos Neto.“Keeping inflation anchored is key at this moment, when we are facing consecutive inflationary shocks and it’s becoming difficult to model inflation,”...
A harvester rumbles through the fields in the early morning light, mowing down rows of corn and chopping up ears, husks and stalks into mulch for feed at a local dairy. The cows won't get their salad next year, at least not from this farm.
Futures contracts linked to the S&P 500 and Dow Jones Industrial Average edged higher Friday morning as both major indexes looked to end a winning week at records.
Beirut Goes Dark As Economic Tailspin Sees Dire Fuel & Electricity Shortages Aug 13, 2021 - 05:14:33 PDT
Starting Wednesday night Lebanon's Central Bank announced that fuel subsidies have been halted, already at a moment where there's been scarcity of both gas and electricity. Fuel prices are expected to at least quadruple, leading to a national scramble for fuel, exacerbating rolling blackouts akin to what’s become the tragic “norm” of recent years...
Plunging Crop Supplies Send Prices Soaring And Reignite Food Inflation Fears, WASDE ReportsAug 13, 2021 - 05:12:45 PDT
The U.S. Department of Agriculture's World Agricultural Supply and Demand Estimates (WASDE) report was released Thursday afternoon and pointed to declining grain supplies that sent grain futures prices higher and will keep food inflation in focus.
U.S. export and import prices for July are set to be released at 8:30 a.m. ET. The University of Michigan’s preliminary consumer sentiment and inflation expectations data for August is set to come out at 10 a.m. ET.
I can’t help but think this recent deliberate rout to the downside may be the signal that this is the grand finale in a manipulation that has run for decades.
Aug 12, 2021 - 13:04:35 PDT
Last week, Rick Rule spoke to Stockhead’s Oriel Morrison about why a recovery in the gold price is imminent. Here are the highlights.
What is all this Biden inflation tax talk really about? What is the actual effect of inflation on the lives of real people? Well, below is a chart that...
An industry veteran is the new head of the world’s most powerful central bank.
As the Federal Reserve transitions from merely talking about tapering its bond holdings to actually tapering, investors may be left wondering what it might mean for the markets and their portfolios. Here’s a quick review of the Fed’s policies, what happened the last time the Fed tapered, and whether it will be different this time.
Aug 12, 2021 - 11:45:56 PDT
Rising prices on everything from groceries to gasoline have eaten away the wage gains workers have seen since the start of the year, leaving most Americans earning less than they were before the pandemic began and derailing the White House's argument that paychecks have grown under President Joe Biden's tenure.
Labor Department Pumps $240 Million Into Unemployment System To Fight ‘Terrifying’ FraudAug 12, 2021 - 11:37:38 PDT
The Labor Department is issuing grants to states to help beef up fraud measures, like identity verification and cybersecurity.
Aug 12, 2021 - 10:53:31 PDT
On July 29 the Federal Reserve released its Annual Report for 2020. The Appendix contains 13 statistical tables that would make most folks’ eyes glaze over.
Welfare Payments and Foreign Policy Fears Are the Only Things Holding America TogetherAug 12, 2021 - 10:51:35 PDT
In case you haven’t noticed, America is “deeply divided.” At least, that’s what a seemingly nonstop stream of headlines from major media sources would have us believe. “Trump Leaves America at Its Most Divided since the Civil War,” reads one CNN headline from earlier this year.
Despite high domestic economic growth and solid global recovery, the Chinese market is down on the year. At the close of this article, the Shanghai CSI 300 is down 5 percent versus the S&P 500’s +18 percent.
Mortgage rates in the U.S. surged to the highest level in a month. The average for a 30-year loan was 2.87%, up from 2.77% last week and the highest since July 15, Freddie Mac said Thursday. Mortgage rates have been below 3% since the beginning of July.
Home Prices Soar At The Fastest Pace On Record As Affordability Hits All Time LowAug 12, 2021 - 10:40:45 PDT
While it won't come as a surprise to those who keep tabs on the monthly Case-Shiller data, where the latest Top 20 City Composite Index rose a record 17% in May, and which showed that every metro area in the US saw double digit Y/Y price gains...
Social Security COLA 2022 Biggest Since 1982, but Won’t Cover Cost Increases for Many RetireesAug 12, 2021 - 09:54:18 PDT
It’s based on CPI-W for the third quarter. July came in at 6.0%.
Aug 12, 2021 - 09:52:44 PDT
As it turns out, state and local tax revenues hardly collapsed.