Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Gold prices edged higher but nearly formed a doji day. Prices appear to be rangebound. The dollar surged higher which weighed on the yellow metal following a stronger than expected U.S. Consumer Price Index. Following the robust inflation numbers, U.S. yields surged, with the 2-year rallying more than the 10-year yield, reflecting a flattening of the interest rate curve.
Mike Wilson Re-Emerges As Wall Street's Biggest Bear: Here's Why He Expects A 20% Drop In StocksJul 13, 2021 - 13:00:08 PDT
The only difference between the 1940s and now, is that back then the US was coming out of a war; well, according to many the only thing that can keep the US economy - and stocks - growing at the current nosebleed pace, is entrance into a war, either a regional, container conflict or something much bigger: think China.
While the Fed Fiddles, the Dollar Burns: Dollar’s Purchasing Power Plunged Fastest Pace Since 1982Jul 13, 2021 - 12:53:18 PDT
Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems.
Many variables can drive the price of gold and silver. These include Fed meetings/speeches, inflation data, jobs numbers, risk appetite, etc. Some people speculate that the price is suppressed and manipulated by the banks and Fed. While coordinated suppression is not impossible, there are other more probable explanations for gold and silver price action. This price action manifests with changes in Open Interest in futures contracts traded on the Comex.
Another week, another economic report far worse than expectations. As Vladimir Zernov notes: U.S. has just released Inflation Rate and Core Inflation Rate reports for June. Inflation Rate grew by 0.9% month-over-month in June compared to analyst consensus which called for growth of just 0.5%. On a year-over-year basis, Inflation Rate increased by 5.4%...
Before, during, and after the 2007–09 financial crisis, the masthead of the Federal Reserve Board’s main webpage included the following assertion right below its name at the top of the page: The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible and...
In conclusion, if the US wants to strengthen its economic and geostrategic position versus China, it needs to apply the same free market principles that made it prosperous and powerful in the first place. Launching a second Marshall Plan, which mirrors China’s wasteful BRI, will only consolidate big government, crony capitalism, and corruption, eroding the US economy’s capital stock and competitiveness.
The truth is that most of the new revenue will be collected from middle-and-working-class Americans. These Americans will be targeted because, unlike billionaires and big corporations, middle-and-working-class Americans cannot afford legions of tax lawyers and accountants to level the playing field between them and the tax agency. They are more likely to simply give in to the IRS’s demands.
As the U.S. Federal Reserve continues to pump billions of dollars into the financial system daily, who is benefiting and at what cost?
The General Manager for the Bank of International Settlements – the central bank of central bankers – is planning for “absolute control” of the money we all spend.
Jul 13, 2021 - 11:25:57 PDT
A controversial plan to boost global liquidity means the days of the U.S. dollar being the undisputed king of the international monetary system may be coming to a close, experts told The Epoch Times.
There is a real need to stop sucking out all the available float from the U.S. Treasury and mortgage bond markets. The Fed’s balance sheet is now over $8 trillion. On a net basis it is buying all supply this year, leaving banks, pension funds and foreign investors scrabbling around not to miss out on what has become quite the squeeze. Why the Fed is still buying $40 billion per month of mortgage-backed bonds when U.S. house price gains are at their highest for over 30 years is head-scratching stuff.
From $900 billion to $9 trillion over 13 years and two major crises. As the Federal Reserve’s balance sheet climbs past $8 trillion for the first time. The Fed’s hulking balance sheet, which topped $8 trillion this summer for the first time ever, also probably is a long way off from peaking.
Still Looks Like the Worst Inflation Spike in Almost 3 Decades: Authers, Senior Editor at BloombergJul 13, 2021 - 09:55:09 PDT
Exclude everything you want to exclude - food, fuel, shelter and used cars & trucks - and this still looks like the worst inflation spike in almost 3 decades. Now on MLIV on @TheTerminal. #inflation
The stockpiling, a departure from the industry’s typical lean-inventory strategy, underscores the measures companies are taking to ensure steady supplies amid rising demand for dining out in the U.S. Restaurants are reporting shortages and higher prices for chicken and other key ingredients as supply chains struggle to catch up.
Eric Vanstrom stuck by his dairy cows through a recession, a trade war and a global pandemic that forced him to dump milk into manure pits. This year, though, he’s finally had enough. The thing that’s putting him over the edge: exorbitant grain prices.One weekend in early June, the Kennedy, New York, farmer and his wife loaded 46 milking cows into...
The rapid spread of the Covid variant has clouded the growth outlook, strategists are warning, but it's too soon to tell how markets will react.
The Percent Of Small Businesses Raising Prices Just Hit Its Highest Level Since 1981: BloombergJul 13, 2021 - 08:41:06 PDT
Per the latest NFIB Small Business Optimism Survey, 47% of respondents are currently planning to raise prices. That’s the highest such number since 1981.
Throughout history bubbles were only acknowledged after they eventually pop. The key similarity with all bubbles is the belief "this time is different."
Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001, he remarked in a Fortune Magazine interview that "it is probably the best single measure of where valuations stand at any given moment."