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Layoffs during the first three months of this year was 396 percent higher than the number of layoffs during the same period in 2022. 
Want to day trade Tesla, Apple, and Microsoft at 2:00AM? You soon can.
In the past month we have discussed on multiple occasions the unprecedented collapse in market breadth, driven by a record outperformance of a handful of tech names...
Janet Yellen delivered some great news today: in an interview with Bloomberg TV, the Treasury Secretary and former Fed chair, who has been desperately fearmongering to present the most terrifying "fire and brimstone" scenario imaginable should Congress Republicans refuse to yield to Biden on debt ceiling negotiations, said that the federal government will have to renege on some...
Gold turned positive on Friday, reversing course from earlier in the session as buyers took advantage of a price dip, while economic risks including looming worries about U.S. debt default kept bullion's safe haven demand intact. The bullish sentiment in the gold market still stands strong over expectations of the Fed cutting rates later this year,...
A default would cause financial distress, economic disruptions and rapid increases in borrowing rates, the nonpartisan Congressional Budget Office said.
Mike Maloney has just arrived in Florida for his first live event in 4 years - Rebel Capitalist 2023, a conference organized by Mike's good friend George Gammon
"I'm sitting here staring in the face of the biggest and probably the broadest asset bubble, forget that I've ever seen, but that I've ever studied," Druckenmiller said.
    Why Future Returns Could Approach Zero: Lance Roberts
May 12, 2023 - 07:30:02 PDT
A recent Wall Street Journal article exposed how retail traders that made millions during the pandemic trading the market are now wiped out.
After last month's massive jump in 12-month inflation expectations, analysts are hoping the this morning's preliminary May data from UMich's consumer sentiment survey shows some pullback in that fear. While inflation expectations for the next year dipped very modestly, expectations for the next 5-10 years jumped to +3.2% - it hasn't been higher since 2008 (tied for its highest since 2011)...
Treasury Secretary Janet “The Evil Hobbit” Yellen is a Statist. She can only think of an all powerful central government calling the shots since the private sector and individual liberties are something to be eliminated.
What she clearly does not get is that complying with the debt ceiling does not question the payment of the government’s existing debt. It simply prohibits the government from incurring new debt. In other words, it requires U.S. officials to balance tax revenues with expenditures.
    The Dynamics Driving the Dollar Down
May 12, 2023 - 07:21:33 PDT
This article examines the currency imbalances between US dollars and the other currencies and concludes that should foreign holders decide to reduce their dollar exposure, the consequences for its value would be dramatic.
"This geopolitical turmoil is not going away. This is a slow-moving secular support for gold," Bridgewater's Co-CIO said.
Mounting fears over the US debt-ceiling crisis will benefit gold as investors brace for potential chaos in financial markets, according to RBC Capital Markets.
World Bank President David Malpass said global debt levels need to be addressed in an interview with CNBC at the G7 Finance Ministers and Central Bank Governors' meeting in Japan.
It is usually safe to ignore ritual brinkmanship over the US debt ceiling. The administration of the day invariably warns of “catastrophe” if the US Treasury is forced to default.
Treasury Secretary Janet Yellen said it was “legally questionable” whether the Biden administration could rely on the 14th Amendment to effectively ignore the debt limit.
Treasury Secretary Janet Yellen said there was still uncertainty about exactly when Treasury would run out of cash to pay U.S. government debts, but she would keep Congress apprised of any change in the date, which could come as early as June 1.
Rising yields on debt threaten higher borrowing costs for lenders. Meanwhile, shares of regional banks were down, as PacWest said it lost 9.5% of total deposits last week.