Gold has all the potential to go unprecedentedly high. But silver will be gold on
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In the liquidity void that follows the resumption of futures trading, and which saw US futures trade modestly lower, a sudden burst of selling in the gold futures contract sent Gold pries plunging to as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50.
Treasury Yields Tick Lower To Start the Week With Higher Inflation Data in FocusAug 9, 2021 - 05:08:34 PDT
Treasury yields fell early on Monday, with investors focusing on job openings data and inflation readings.
This is the fourth trade update for our short-term Long on Fortuna Silver. We had made a short-term Long trade on Fortuna due to the stock being oversold with the idea that it would RETEST the $5.05 level, at least. There was a chance that it could go higher to the next level, but we set to exit the trade...
GOLD & SILVER MARKET UPDATE AUGUST 8th: Historical M2 Money Supply & Cost Of Production Impacting PriceAugust 8, 2021
After the precious metals sold off on Friday due to the bullish U.S. Jobs Report, many in the gold and silver community call this as just another "BANKER SMACKDOWN." If that was true, the bankers must have also been driving down the Bond prices as they sold off considerably on Friday pre-market...
The BLS provides an employment picture of the US on the first Friday of every month. It estimates how many jobs were added or subtracted by sector. While some of the assumptions may be controversial (e.g. the birth death model) and job numbers are prone to revisions, it remains the most widely anticipated statistic each month by the financial markets. Inflation is now coming in at a close second.
“Just because something is inevitable, does not make it imminent, but eventually the future arrives”The US Government is on an unsustainable debt trajectory. Even though the Federal Reserve has acknowledged this fact, most mainstream figures consider it a distant problem or even not an issue at all. They argue that debt fears have raged since the debt crossed $1T decades ago and no negative consequences have materialized.
Metals and miners have a predictable seasonal tendency to decline in mid to late June and make a secondary – often slightly higher low – in the late July to mid-August period.
Consumer Credit Soars Most On Record As Credit Card Borrowings Hit An All Time HighAug 6, 2021 - 12:32:25 PDT
Americans are once again splurging wildly massively beyond their means, as they always tend to do just before there is a crash.
Weird Phenomenon of “Labor Shortages” as Millions of People Who Could Work Still Aren’t WorkingAug 6, 2021 - 12:30:01 PDT
The Fed is looking for jobs reports to justify tapering its asset purchases, and this was one. But the labor market is still totally messed up.
The bosses of top multinationals are fretting about rising inflation but the very people responsible for keeping price growth in check - central bankers - seem unfazed.
But once this last pool of wealth--America's middle class-- has been siphoned dry, then who's left to stripmine and exploit?
...with the bank's Difference model now expecting 322K jobs in August, while the Levels model - if correct - would lead to a shock on Wall Street in one month, as it now expects the BLS reporting a paltry 53K jobs one month from today.
And like many addicts they hate being told they have a addiction. And to claim “that using the word “addiction” in such a way undermined the pain of real addicts.”, reeks of top bullsh*t
Central planning always fails, without exception. Civilization is never created from a blueprint developed in the imaginations of a few elitists. In fact, it's the exact opposite. Civilization is always destroyed by central planners. So why do people constantly find themselves suffering under the yolk of utopians, when the only possible endgame is failure?
How about a treasure hunt?I've got one for you.Word has it, there is mobster gold buried somewhere in the Catskills.
Modern Monetary Theory (MMT) has one limitation of inflation. However, when "theories" collide with "reality," the tenants are quickly discarded.
It appears improbable that, now, fourth stimulus checks will arrive to individuals from the federal government.
More and more highly-respected investors, many of them billionaires -- like Paul Singer, Sam Zell and Ray Dalio -- have increased their exposure to gold over the past 12 months. They’ve done this for many reasons, with rising inflation topping the list. So for those betting on a bright future for gold, how high can the price go?
“Payrolls posted a strong gain in July though details were not as strong as the headline suggests. The overall outlook is tilted to the upside, but challenges remain, and risks are growing.” – Robert Hughes
Aug 6, 2021 - 08:25:18 PDT
The Biden administration is pushing back against a last-minute effort by a bipartisan group of senators to limit a proposal in the infrastructure bill to increase federal regulation of cryptocurrencies. The fierce lobbying push helped stall plans to finish voting on the bill Thursday night, and now it appears debate will stretch into the weekend.