Precious metals news

What month will the National Bureau of Economic Research someday get around to saying marked the beginning of the next recession in the U.S.?

Banks are saddled with bad loans, signaling trouble ahead in the US commercial property market, Berkshire Hathaway Inc.’s Charlie Munger told the Financial Times in an interview.

Though Schwab is not a regional bank, rumors and fears are leading to real world issues for the bank. According to Bloomberg, Schwab is “facing dwindling deposits”. As if that wasn’t enough, Schwab’s costs are rising rapidly and have been doing so for years. In fact, between 2016-2022 expenses rose at a compound annual growth rate of more than 15%.

The U.S. economy no longer looks so exceptional. That is bad news for the dollar. An almost decadelong runup has left the greenback heavily overvalued, some analysts say.

Stock market investors holding on to hopes that the Federal Reserve will cut rates in the second half could be disappointed later this week, according to Morgan Stanley’s Michael Wilson — a staunch Wall Street bear.

Investors are piling into bets against the US dollar as this week’s expected Federal Reserve interest-rate hike is likely to bring the steepest tightening cycle in a generation to a halt.

Federal Reserve policymakers are about to extend their year-long campaign of raising interest rates to beat back still-stubborn inflation, even as risks to the US economy build.

Heading into the weekend, US regulators were facing a dilemma over the fate of First Republic Bank: either let the insolvent California bank fail and bail-in some (or all) of the $30 billion in uninsured rescue deposits given to the bank by a consortium of banks including JPMorgan, BofA, Goldman and others so as not to appear like the Biden admin is bailing-out big, bad banks again a la 2008, but in the process restarting the bank run panic as an impairment of all bank depositors would reverse Janet Yellen's vow not to do just that in the aftermath of the SVB collapse, or bail out FRC including all of its depositors...

U.S. stock index futures were muted on Monday as investor focus shifted to the Federal Reserve's policy decision expected this week, while regulators said First Republic Bank has been seized and a deal agreed to sell the bank to JPMorgan Chase & Co.

President Biden has announced he will run for a second term in 2024. Peter Schiff recently appeared on the Ingraham Angle on Fox News to talk about what will happen if we keep going down the Biden road. In a nutshell, Peter said we can't afford to let Biden "finish the job."

You have to see how much the Global Money Supply has increased in the past decade... I was completely stunned.  There is so much money sloshing around that when the world hits "Hyper-Stagflation," it will push the silver price to new all-time highs...

The CoTs report is a breakdown of open interest in the major futures markets as reported by the US Commodity Futures Trading Commission
Please note: the CoTs report was published 04/28/2023 for the period ending 04/25/2023. “Managed Money” and “Hedge Funds” are used interchangeably.

The old-school precious metal has new allure for a generation seeking a respite from the cryptocurrency roller coaster.

Global gold production has grown exponentially since the 1800s, with 86% of all above-ground gold mined in the last 200 years.

Since their peak in June 2022, commodity prices have seen their biggest decline since the global economy ground to a halt at the start of the COVID-19 pandemic, according to the latest report from the World Bank.

Gold prices are up about 9.5% ytd, helped by solid central bank demand and financial investors returning to the market. Central bank gold purchases hit the highest level on record in 2022, with recent surveys suggesting they will keep buying gold this year too. We forecast gold prices to touch USD 2,200/oz by end-March 2024 and recommend holding gold as a portfolio hedge.

The Central Bank accumulated another 17.3 tonnes in March. Gold buying for the first quarter of 2023 reaches 68.7 tonnes. Total golden reserves stand at 222.4 tonnes.

I’m convinced short sellers on SLV short the shares for the precise purpose of evading depositing the required metal to avoid putting upward price pressure on silver and the shares of SLV. That’s why I have never hesitated in lodging formal complaints with the S.E.C. and BlackRock...

Caring for both their children and their aging parents, millennials are now the most likely generation to feel financially strained.

The US economy was slowing even before the brunt of any credit crunch stemming from the recent bank failures, while inflation accelerated, highlighting the enormous challenge faced by the Federal Reserve.