Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
The Bank of England's top economist has said people in the UK need to accept that they are poorer otherwise prices will continue to rise.
In my last post, I described the big cycle template, consisting of the five major forces. Today’s post is the follow-up I promised, focusing on the great power conflict and what’s going on with China.
China is pushing ahead with the largest-ever expansion of its nuclear arsenal, modernizing the atomic deterrent with an eye on future conflicts with the US.
Ukraine's Zelensky pressed NATO to invite Kyiv to join the alliance and send more fighter jets and long-range weapons, as battles with Russia raged on.
Nobody seems to be wondering what happens should the real world no longer respond to the Perpetual Motion Finance Machine.
Apr 26, 2023 - 12:13:45 PDT
Following negative revisions to retail sales data, the Atlanta Fed GDPNow estimate took a plunge.
As uncertainty circles the markets on whether the Fed is approaching the end of its tightening cycle, the gold-to-oil ratio suggests commodities traders are hedging against the risk of a US recession.
Druckenmiller's Only 'High Conviction Trade': Short The "Weaponized" DollarApr 26, 2023 - 12:05:50 PDT
He is not the first, and he won't be the last, but "everyone's new favorite theme... US dollar debasement" appears to have taken hold in the mind of billionaire hedge fund manager Stanley Druckenmiller as The FT reports that he is betting against the US Dollar as his only high conviction trade.
Imagine having $200 billion stolen from you - what would that feel like? Watch today’s video with Mike Maloney and find out…because it just happened to you.
The current wave of interest-rate hikes has slowed inflation but also popped several asset bubbles, potentially triggering additional debt and financial crises. While a prolonged economic downturn may be inevitable, the G7 countries can soften the blow by coordinating their fiscal and monetary policies.
While Federal Reserve officials have sought to assure markets that the US banking system is sound in the wake of Silicon Valley Bank’s collapse, investors and depositors have no reason to believe them. Only meaningful reforms of deposit insurance, regulation, and governance can restore the Fed’s credibility.
As we near what appears to me to be a preliminary step for a Fed digital dollar or CBDC, it is not surprising that the Financial Times ran an editorial capitalizing on the collapse of Silicon Valley Bank to argue that the time for a Fed CBDC has arrived. After all, if we had a digital Fed dollar, we wouldn’t need to muck around with those high-risk cryptos that helped bring down SVB...
The Social Contract is broken not just by wealth inequality per se but by the illegitimate process of wealth acquisition
...If the big banks are unable to engineer a material pullback in the prices of gold and silver, a possibility that not beyond consideration, the signal sent to the market could trigger a move in the sector that takes everyone, even the staunchest of long-time gold bugs, by surprise.
Money supply is declining at the sharpest pace since the Great Depression.
The Most Splendid Housing Bubbles in America, April Update: Year-over-Year Price Drops WorsenApr 26, 2023 - 07:26:47 PDT
Even Miami lost ground. Spring selling season is a dud so far. And the banking crisis hasn’t even made it into the data yet. That’s still to come.
Apr 26, 2023 - 07:21:47 PDT
Wasting away again in Bidenville. Nibblin’ on ice cream. Watching the economy boil. Particularly mortgage demand. Mortgage applications increased 3.7 percent from one week earlier, according …
Bill Mitchell, a geologist in El Dorado County who specializes in mineral exploration, said a majority of the gold in the Sierra had still not been extracted. It’s going to take rainy years like this one to pry some of the remaining gold loose, he said.
Gold prices stuck within a narrow range on Wednesday as traders strapped in for U.S. economic data for further guidance on the Federal Reserve's monetary policy stance.
After declining for two straight months, analysts expected US durable goods orders to bounce modestly (+0.7% MoM) in preliminary March data released today. Instead the print soared 3.2% MoM rescuing the YoY from dropping negative for the first time since Aug 2020...