Gold has all the potential to go unprecedentedly high. But silver will be gold on
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After hotter than expected CPI data came out for the sixth time this year, Federal Reserve Chairman Jerome Powell spent two days on Capitol Hill trying to convince everybody that there's no problem. As Peter Schiff put in in a recent podcast, the Fed is betting the farm on "transitory" inflation. It's really got no other choice.
A MUST WATCH video update on the U.S. Real Estate Market Bubble and precious metals update. While the mainstream media and banks continue to put out the "Housing Shortage" mantra, the real data suggests there will be a huge Glut over the next 6-12 months. We must remember, the FHFA Moratorium...
It has been 50 years since President Nixon proclaimed that "We are all Keynesians now." The results of allowing government (via its central bank - The Federal Reserve) to create dollars out-of-thin-air have now been produced. Decade after decade we experience relentless inflation, coupled with an expansion in the size and scope of government, the likes of which humanity has never seen before. The Keynesian dream is coming to an end.
Gold dipped on Friday as a stronger dollar and rebounding yields dulled its appeal and pushed the metal off one-month highs reached in the last session on dovish remarks from the head of the U.S. Federal Reserve.
Gold prices slipped on Friday due a slight rebound in U.S. bond yields and a stronger dollar, although a dovish stance on monetary policy by the Federal Reserve kept bullion on track for its fourth straight weekly rise.
Prior to the Great War, the gold standard reigned supreme. The jury is still out on whether the dollar’s long run as the world’s leading reserve currency will last much longer. However, as we’ve discussed many times, our bet is that the US dollar will be the major casualty in an era of unbridled monetary and fiscal stimulus.
Investments into global bond funds dropped sharply in the week to July 14, as a jump in U.S. inflation rates raised fears that rising price pressures may lead the Fed to tighten policy rates soon.
As the chart below on 'how systems collapse' illustrates, the loss of stabilizing buffers goes unnoticed until the entire structure collapses under its own weight.
As economies face structural shifts, this infographic covers five trends that have the potential to alter financial markets amid a COVID-19 recovery.
The Federal Reserve continues to argue that the US is experiencing an "inflation bubble." Even though the uptick in consumer prices has run hotter and longer than policymakers expected, the "inflation bubble" will deflate at some point.
Suddenly, higher prices are everywhere: in food, fuel, housing -- you name it. In fact, the annual Consumer Price Inflation rate (CPI) just spiked to 5.4%, a high not seen since 2008.
Americans Pay More to Get Less: Rampant Price Increases Boost Retail SalesJul 16, 2021 - 11:42:13 PDT
Welcome to Fed’s New World of Inflation.
Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself.
Jul 16, 2021 - 10:37:47 PDT
CA approved the first state-funded guaranteed income plan in the U.S. with monthly cash payments to qualified people.
U.S. Treasury Secretary Janet Yellen said the question of whether to nominate Federal Reserve Chair Jerome Powell for a second term is a conversation for her and President Joe Biden, declining to give her opinion in a televised interview.“That’s a discussion I’m going to...
Treasury Secretary Janet Yellen to discuss stablecoins with regulators next week Jul 16, 2021 - 10:33:02 PDT
U.S. Treasury Secretary Janet Yellen will meet with the President’s Working Group on Financial Markets, Office of the Comptroller of the Currency and FDIC Monday to discuss the role of stablecoins in the financial system.
Moscow said it deployed MiG-31 and Su-35 jets to accompany U.S. military aircraft over the Bering Sea by Russia's far east.
US Air Force To Send Dozens of F-22 Fighter Jets to the Pacific Amid Tensions With ChinaJul 16, 2021 - 10:21:48 PDT
The United States Air Force is sending more than two dozen F-22 stealth fighters to an exercise in the western Pacific this month, an unusually large deployment of the powerful jets that analysts say sends a strong message to a possible adversary in China.
With the U.S. economy humming, corporate profits flowing and stock prices peaking, investors on Wall Street are beginning to pose an anxious question: Is it all downhill from here?...
This analysis focuses on gold and silver data provided by the Comex/CME Group. See the article What is the Comex for more detail.First Position Day is when contracts must post 100% margin to stand for delivery. Once delivery begins, contracts can settle in cash or more contracts can be opened and stand for immediate delivery (usually a sign of strong physical demand). Figure 1 below shows the last 24 months of silver delivery data when compared to First Position and the day