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    Falling U.S. Diesel Demand Signals A Recession
May 5, 2023 - 05:18:27 PDT
Higher interest rates and falling demand for consumer goods have led to diesel demand falling, leading analysts to warn of a recession.
    Fed Rate-Hike Pause No Reason to Buy Stocks, BofA Says
May 5, 2023 - 05:17:01 PDT
The Federal Reserve may be signaling its willingness to pause rate hikes, but Bank of America Corp.’s Michael Hartnett says it’s not yet time to buy equities as outflows accelerate amid elevated inflation and recession fears.
    Bank Shares Surge After Chaotic Week; Apple Gains
May 5, 2023 - 05:15:57 PDT
After days of turmoil in US regional bank stocks, calm is returning to markets as investors scoop up beaten-down bargains.
The European Central Bank’s newfound status as the standard-bearer of monetary tightening sets up President Christine Lagarde for a tussle with investors doubting how long the euro zone can plow its own course.
    BOE Digs In as Relief Emerges for Fed, ECB
May 5, 2023 - 05:11:22 PDT
Britain will be the last advanced economy locked in a pitched battle against inflation, if market bets are any guide.
April's jobs data is set to show another slowdown in the US labor market as investors look for signs the Fed will be compelled to end its rate hiking campaign.
    Global Markets up Ahead of Us Jobs Data
May 5, 2023 - 05:04:49 PDT
Global stock markets were mostly higher Friday ahead of a U.S. jobs update amid worries about the health of banks under pressure from interest rate hikes. London, Frankfurt, Hong Kong and Wall Street futures advanced. Shanghai declined. Markets in Japan and South Korea were closed for holidays. Oil prices advanced. The U.S. government was due to report April employment data...
In 5 days, the COMEX has seen 4,190 contracts open and stand for immediate delivery. This is the strongest start to a month going back at least 2 years, which includes the start of the war in Ukraine and the February 2021 Reddit silver squeeze.
The Federal Reserve raised rates yet again during its May FOMC meeting. Now everybody is trying to decipher the messaging coming out of the Fed to figure out what's next. But what if the words Powell and Company are saying don't really matter? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the latest moves by the Fed and suggests we should focus on the realities over the rhetoric.
The March Trade Deficit decreased for the first time in four months. The total deficit came in at -$64.2B, which is the second smallest deficit since January 2021. This might seem like good news but it's yet another indication of a weakening economy.
Peter Grandich, Silver may break ranks and lead the stampede higher...
Gold isn't the only precious metal benefitting from economic uncertainty and the crisis in the banking sector. Silver prices last month climbed to their highest in a year, with room to move higher as the global market for the metal this year looks to post its second largest supply deficit in 20 years.
Gold Break Its All Time High Of $2075.19/Ounce To Set A New Record Of $2080.00. The high set in 2020 was taken out in the Asian Session today.
    Gold Prices in India Have Soared to Their Highest Ever
May 4, 2023 - 12:52:10 PDT
The best-performing precious metal for the week was gold, up 0.38%. Gold prices in India have soared to the highest ever, damping the outlook for demand in the world’s second-biggest consumer. That was especially apparent during the day of Akshaya Tritiya at the weekend, which is considered one of the most auspicious times of the year to buy gold by the nation’s majority Hindu population.
The board of Newcrest Mining is prepared to recommend the latest takeover offer from Newmont, a deal that would create the world’s biggest gold miner.
    The History of Paper Money: Origins of Exchange
May 4, 2023 - 12:48:17 PDT
This blog post will explore the origins of paper money. We'll delve into various civilizations and their contributions to the monetary world of money...
    Visualizing The Assets And Liabilities Of U.S. Banks
May 4, 2023 - 12:43:27 PDT
The U.S. banking sector has more than 4,000 FDIC-insured banks that play a crucial role in the country’s economy by securely storing deposits and providing credit in the form of loans.
Biden's clean energy push including the ridiculously-named Inflation Reduction Act (IRA)
    The Fed's Difficult Position Is Its Own Fault
May 4, 2023 - 12:26:39 PDT
Recessions don’t come out of the blue. They have a cause—malinvestment encouraged by central bank credit expansion. Artificially low interest rates send a false signal to investors and producers to start, or continue, producing things that either customers don’t actually want—at least not in the quantity now being produced—and/or are unable to be completed with available...
There is no clear way out of this for banks, however. The banking sector has become extremely reliant on business models that assume extremely low interest rates. The Fed encouraged this.