Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Global shares held steady on Tuesday, while the dollar eased back from five-week highs ahead of another round of talks among U.S. lawmakers to resolve the deadlock over the government’s borrowing limit.
Laws recently enacted in Florida and Indiana ban the use of a central bank digital currency (CBDC) as money in those states.
Was the producer price data that came out late last week really more good news on the inflation front?That's certainly how the mainstream media spun it. But as was the case with the April CPI data, the mainstream spin didn't necessarily reflect reality.In fact, there is a pro-government, pro-official narrative bias that pervades the mainstream media, including the financial media.
Something quite surprising happened in the Silver Market that precious metals investors would find very interesting. A Major Institution took a BIG stake in the Sprott Silver PSLV ETF. Honestly, I haven't seen anything like it in the past, and I have been looking at this data for quite a while...
May 15, 2023 - 13:30:31 PDT
The share of Americans who view gold as the best long-term investment jumped to 26% this year from 15% in 2022, according to a Gallup poll.
Money managers stayed relatively flat on Gold positioning. Economists at TD Securities expect long positions to grow once data turns convincingly negative.
Reserve Bank of Zimbabwe defies IMF warning, sells $39M worth of gold-backed tokens to stabilize economy amidst currency volatility and inflation.
Gold’s melt-up in 2023, which saw the price jump around 10 per cent, was also stoked by the US regional banking crisis that prompted Macquarie to argue the case for the safe-haven asset to test $US2075 an ounce. That was reached at the peak of the pandemic in August 2020 when central banks printed money to fund emergency spending programs.
Are thousands of domestic financial institutions insolvent and if so, what are the implications? Is silver building momentum for a final assault on $50 en route to triple digits?
Here are five reasons to consider giving gold a look if you’re starting a portfolio or looking to diversify.
In April, China increased its gold holdings by about 8.09 tons, bringing the total to approximately 2,076 tons, following a 120-ton increase in reserves in the previous five months.
The Money Supply Has Plummeted in the Biggest Drop Since the Great DepressionMay 15, 2023 - 12:55:31 PDT
Money supply growth fell again in March, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. March's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.
May 15, 2023 - 12:52:19 PDT
The Fed’s fight has become much more complex this month. Inflation is fighting back harder all of a sudden, while the US debt ceiling is putting bond markets and banks at considerable extra risk..
At a Bretton Woods-esque summit planned for this summer, BRICS will discuss creating a new currency, potentially pegged to gold, which they can use to trade.
Argentina is preparing a set of emergency measures, including raising its key interest rate by 600 basis points to 97 percent on Monday, as inflation spirals out of control in the run up to presidential elections, according to officials at the Economy Ministry and the Central Bank.
The impasse in Washington over raising the roughly $31.4 trillion borrowing limit is looming over a series of meetings of the Group of Seven advanced democracies this month.
Consumer Debt Passes $17 Trillion for the First Time Despite Slide in Mortgage DemandMay 15, 2023 - 12:13:52 PDT
The total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period.
Markets are on edge over whether budget talks will produce a solution to the US debt-ceiling crisis as the window for averting a potential default narrows by the day, and the amount of room the Treasury Department has under the statutory borrowing limit dwindles.
President Joe Biden's administration and Republicans in the U.S. Congress are in talks to end their standoff over raising the $31.4 trillion debt ceiling, haggling over vastly different proposals that both claim to cut deficits by trillions of dollars.
Two Federal Reserve officials signaled they favored pausing interest-rate increases, while a third policymaker said the central bank’s task in subduing inflation was not complete.