Gold has all the potential to go unprecedentedly high. But silver will be gold on
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US equity futures declined along with European stocks as investors scrutinized a flood of corporate earnings for clues on the outlook for the global economy amid high interest rates and inflation.
Global stock markets and Wall Street futures are lower as investors await U.S. earnings reports and an update on economic growth
Silver delivery from the COMEX was low in April, but there is more to the story.This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.
Last week, Mississippi Governor Tate Reeves signed a bill into law exempting the sale of gold and silver from the state sales tax. Repealing the sales tax will relieve some of the tax burdens on investors, and take a step toward treating gold and silver as money instead of as commodities.
Americans continue to deal with rising prices even as the economy deteriorates. But the US isn't the only country with an inflation problem. As Peter Schiff explained in a recent podcast, every country has let the inflation horses out of the barn. When you couple that with the de-dollarization trend, it's bullish for gold.
Silver is headed to record levels within the next 36 months, according to a veteran commodities analyst. But when it happens don’t expect shocking newspaper headlines.
Apr 24, 2023 - 12:59:10 PDT
Central bankers who manage trillions in foreign exchange reserves are loading up on gold as geopolitical tensions including the war in Ukraine force them to rethink their investment strategies.
The survey then goes on to (try to) explain that despite the axiom of the law of supply and demand that more demand than supply (by a large margin) must result in higher prices, that silver prices were lower on average over the year 2022 than the year before.
In this week’s Live from the Vault, Andrew Maguire drills down into the major structural changes within the options market, exposing COMEX machinations that were forcing gold to fall into the predetermined price range for decades.
The role of commercial banks in money creation is made more clear by the fact the Fed& is primarily interested in creating demand deposits rather than cash. This creates a larger foundation on which commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
Continued inflation inevitably leads to catastrophe. —Ludwig von Mises Consumers’ behaviors cause the consumer price index (CPI) broad heading of food to understate the real or wallet level of inflation.
Departures from systematic monetary policy distort behavior in ways that cause misalignments between financial quantities and real economic quantities, and as a result, they invariably produce damage as the two are ultimately realigned.
Our very own George Gammon thinks bad things are in store for the American economy.
With Biden expected to announce his campaign as soon as this week, there is little enthusiasm to see the 80-year-old grace the national stage again after years of verbal gaffes and odd behavior.
"Business Has Gotten Stupid Slow" - Dallas Fed Manufacturing Survey Slumps To Post-COVID LowsApr 24, 2023 - 12:37:22 PDT
The Dallas Fed Manufacturing survey for April printed considerably below expectations. Analysts expected a rebound from -15.7 to -11.0 but instead the headline index plunged to -23.4 (just shy of post-COVID-lockdown lows). That is the 12th straight month of 'contraction' in the survey.
Let's tune into a mass exodus of deposits at banks for money market mutual funds and what it means.
The 3-month to 1-month T-Bill spread is the largest in history. Simultaneously we have record or near-record inversions on bellwether spreads.
Let's take a look at beneficiaries of the Inflation Reduction Act and the number of jobs created by some of the projects.
70 Percent of Americans are Financially Stressed, 58 Percent Live Paycheck to Paycheck
Central Bank Gold Buying At Highest Since 1950s, As 30% Of World Economies Are Now Sanctioned By The G7Apr 24, 2023 - 09:52:41 PDT
Optimists were assaulted by Friday’s data, the Eurozone manufacturing PMI down to 45.5 despite subsidies, stimulus, and lower energy, and the US only 50.4 despite being ‘back in the factory business’. Services PMIs were better but that’s where much core CPI is located, so suggested stagflation; as did Japan’s core CPI at 3.8% y-o-y; as did UK retail sales with food prices at...