Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Jun 29, 2021 - 07:23:22 PDT
The Fed's Vice Chair for Supervision comments on Central Bank Digital currencies. Let's tune into the debate.
While Fed Is in Denial, Hawkish Bank of Russia Sees Inflation as “Not Transitory”Jun 29, 2021 - 07:20:00 PDT
US Inflation is almost as hot as in Russia, but the Fed is still blowing it off.
The markets have obsessed over what the Fed is saying while almost completely ignoring what it's actually doing.After the June FOMC meeting, markets reacted to the hint that the Fed might start raising interest rates in 2023 instead of 2024. But of course, it didn't move rates up from zero. And while the Fed apparently talked about talking about tapering its quantitative easing bond-buying program, it continues to expand its balance sheet at a torrid pace.
Home Prices Surged in April at a ‘Truly Extraordinary’ Rate, S&P Case-Shiller SaysJun 29, 2021 - 06:05:11 PDT
Home prices in April saw an annual gain of 14.6% in April, up from a 13.3% increase in March, the S&P CoreLogic Case-Shiller National Home Price Index says.
Gold prices fell to a more than one-week low on Tuesday, dented by the dollar's gains and with the focus turning to a U.S. jobs report.
Jun 29, 2021 - 05:55:06 PDT
In early April this year, the Hungarian central bank stunned gold markets with the surprise announcement that it had purchased a massive 63 tonnes of gold during March, and in doing so tripled its gold reserves from 31.5 tonnes to 94.5 tonnes.
These new changes also come at a time of accelerated monetary inflation and it’s “very likely” that the combination of the two events “will drive price higher,” Macleod said. How much higher depends on how weak the dollar becomes in terms of its purchasing power, he said.
The United States retail sales and jobless claims weakness, significantly below estimates, coincides with the largest fiscal and monetary stimulus in history.
By choosing to delay monetary policy action now to nip inflation in the bud, the Fed is inviting economic overheating by yearend and the consequent un-anchoring of inflationary expectations.
The head of Germany’s central bank has called for the European Central Bank’s pandemic-related bond purchases to be “reduced step-by-step” and warned that inflationary pressures are mounting in the euro zone.
Former Treasury Secretary Robert Rubin Sees ‘Material Risk’ High U.S. Inflation Will Be EnduringJun 29, 2021 - 05:40:32 PDT
Former Treasury Secretary Robert Rubin said there’s a “material risk” that the U.S. could see persistently elevated inflation and urged policy makers to be careful to avoid overheating.
China's debt pile is one of the biggest economic challenges confronting the ruling Chinese Communist Party that turns 100 this week.
Why Some of the World’s Biggest Companies Are Increasingly Worried About Water ScarcityJun 29, 2021 - 05:35:33 PDT
Major companies from across a range of sectors are increasingly concerned about the cost and availability of the world's ultimate renewable resource: water.
Top Investment Strategist David Roche Warns the Fed Could Burst a Market ‘Bubble’Jun 29, 2021 - 05:32:24 PDT
As the S&P 500 notches record highs, veteran investor David Roche says investors should be wary of the bubble bursting.
It is the big question on the ECB's table: when to lift the pandemic emergency purchase program. Jens Weidmann said it should be scaled back "step-by-step."
The S&P 500 closed last week at an all-time record high. This is quite a reversal from the previous week. In his podcast, Peter Schiff said there has been a shift in expectations. After the June FOMC meeting, investors were jittery that the Fed was going to tighten monetary policy to fight inflation. Now the thinking seems to be that there is no inflation problem. It really is just transitory. Everything is great because - well - the Fed tells us so!
U.S. Treasury yields climbed on Tuesday morning, with investors focused on two key pieces of employment data that are due to be released this week.
Gold futures finished higher on Monday, extending their gains from last week. Gold prices were "treading water" and likely to continue to do so ahead of this week's U.S. jobs numbers, said Michael Hewson, chief market analyst at CMC Markets UK. “It seems fairly clear that [interest] rates aren’t likely to go higher in response to higher prices,...
The Fed's "choice" is as illusory as the "wealth" the Fed has created with its perfection of moral hazard.
We’re going to dedicate several days this week to various 2H 2021 outlook topics. Here are our first three: #1: Let’s start with the proverbial elephant in the room: how markets are thinking about trends in US inflation? This chart shows the future inflation expectations priced into 5-year and 10-year Treasury Inflation Protected Securities (blue and …