Gold has all the potential to go unprecedentedly high. But silver will be gold on
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It looks like the Peak in Permian Oil Production may come sooner rather than later. This is bad news because the world will face another massive 1970s-style oil price inflation. Unfortunately, Economists, Markets, and Financial Industry are totally clueless as they focus on Interest Rates & Debt Ceilings...
There’s a grand experiment happening in the global financial system – and most people have no idea it’s happening.
Last week, Citigroup analysts published a report calling for silver to reach $30 per ounce within 9 months. Could Citigroup be exaggerating or on target? Today’s silver spot price is about $23.50 per ounce; so a move to $30.00 would be a 28% jump. Let’s look at a few data sets that augur for higher silver prices…
Jun 1, 2023 - 13:05:28 PDT
“Silver is gold on steroids. After gold gets going, people start to look at the next big thing, silver takes off,” says J editor of Gold Stock Analyst. He talks about the factors contributing to the bullish outlook for gold and silver, including unresolved debt issues and the Federal Reserve's aggressive interest-rate hikes. He also discusses the deep-rooted cause for the recent banking crisis. "It's 2008 all over again.
Will gold rescue Zimbabwe from the ashes of economic despair and usher in a new economic era?
President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar.
Investors need to understand these technological developments before their portfolio holdings are badly damaged. One thing we can be sure of is that the threat is not going away.
Jun 1, 2023 - 12:22:24 PDT
After 530,000 Austrians signed a referendum petition calling for the right to cash payments to be enshrined in Austria’s constitution in 2022, Austria’s political class is refusing to move forward with adding this legal right, warns the Freedom Party of Austria (FPÖ).
Jeff Deist explains what's lurking in the debt ceiling bill, why the debt is larger than most people think, and the reason politicians can't stop the madness.
Companies announced a staggering 417,500 planned layoffs for the first five months of 2023. This is a massive acceleration and more than four times the job cuts compared to last year, according to Bloomberg, citing a report from outplacement firm Challenger, Gray & Christmas.
The Nasdaq 100 Index Is at Its Highest Level Since the Dot-Com Era, More Than 20 Years AgoJun 1, 2023 - 08:40:28 PDT
'The Nasdaq 100 Index, when measured as a ratio of the Russell 2000 Index of small-cap stocks, is at its highest level since the dot-com era more than 20 years ago.'
US Manufacturing Surveys Signal "Renewed Deterioration Of Business Conditions" In May, Orders/Prices PlungeJun 1, 2023 - 07:42:57 PDT
With overall macro data serially surprising to the downside in May, it is no surprise that expectations were for sub-50 (contractionary) prints for ISM & PMI Manufacturiung surveys this morning.
Some claim raising taxes on rich people would solve the deficit, but it won't. There just aren't enough rich people. Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
More than of borrowers under 30 transitioned into serious delinquency last quarter – the highest percentage since the tail end of the Great Recession.
Mortgage Rates Re-Spike to 7% Range as it Sinks in that the Fed Won’t Cut Rates “Anytime Soon”Jun 1, 2023 - 06:04:29 PDT
Spring selling season was a dud. But what comes next may be worse, that’s what mortgage applications and investors tell us.
Worsening conditions in the US mortgage-backed securities market are doing little to ease fears over financial contagion as a recession looms.
Elon Musk On a Meltdown in Home Prices and Commercial Real Estate This Week: A Property DisasterJun 1, 2023 - 05:52:27 PDT
Elon Musk sounded the alarm on US house prices and commercial-property values this week. The billionaire's warning reflects his fear that the Federal Reserve is strangling the economy and threatening to cause a needless recession.
"Commercial real estate is melting down fast," the Tesla, SpaceX, and Twitter CEO tweeted on Monday. "Home values next."
Continuing claims remain below the 1.8mm Maginot Line (1.795mm). With the farce in MA now over, there are no major outliers in state level data with North Carolina and Arkansas seeing the biggest drops in claims while Ohio and New York saw the biggest jumps...
Job growth is strong while pay growth continues to slow. But gains in private employment were fragmented last month, with leisure and hospitality, natural resources, and construction taking the lead. Manufacturing and finance lost jobs.
So much for Biden’s “miracle economy.” Challenger jobs cuts report is out for May and job cuts soared 286.7% year-over-year (YoY). As M2 Money growth crashes.