Gold has all the potential to go unprecedentedly high. But silver will be gold on
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India's current rate tightening cycle may not be over as more hikes could be warranted to align inflation towards the central bank's medium term target of 4%, minutes of this month's Monetary Policy Committee (MPC) meeting showed on Thursday. The MPC, comprising three members from the central bank and three external members, surprised markets by holding the key lending...
Canadian housing starts are running at the weakest pace since the early months of the Covid-19 crisis, further dwindling the potential supply of homes available in the country.
Blackstone Inc, the biggest manager of assets such as private equity and real estate, said on Thursday its first-quarter distributable earnings fell 36% year-on-year, as a weak property market stopped it from cashing out on some holdings. Blackstone has been grappling with redemptions at its flagship real estate income trust (BREIT)...
Federal Reserve Bank of Chicago President Austan Goolsbee said he was still waiting to see if the fallout from the recent failure of two US banks could cause the economy to slow more than expected.
The European Central Bank is closely monitoring the situation in financial markets for signs that the economic outlook has shifted after the recent episode of banking stress, according to Governing Council member Pablo Hernandez de Cos.
New Zealand inflation slowed more than economists expected in the first quarter, suggesting price pressures have peaked and the central bank may soon call an end to its aggressive tightening cycle. The local dollar fell.
China’s commercial lenders kept their benchmark lending rates unchanged on Thursday after the central bank held back from easing monetary policy this month as the economy rebounds.
Warren Buffett Dumped Several Banks After Spotting Red Flags in Their FinancialsApr 20, 2023 - 05:33:33 PDT
Warren Buffett accused bank bosses of deceptive accounting and reckless mismanagement, and said he saw trouble brewing in the sector.
Federal Reserve Bank of New York President John Williams said that while the banking sector has stabilized following the second-largest bank collapse in US history, the recent stress may make it more challenging for households and businesses to access credit.
Uruguay became the first inflation-targeting country in Latin America to start lowering borrowing costs after the economy entered a technical recession in the second half of 2022.
Ratings firms are on track to cut the most US corporate bonds to junk since the early part of the pandemic, further boosting funding costs for some companies just as economic growth is slowing.
Oil retreated for the third time in four days as further signs of a US slowdown overshadowed a substantial draw in crude stockpiles.
Analysts expect the annualized yield for an I bond to sink o 3.79% for the period from May to October from the current 6.89%.
US equity futures suffered their biggest overnight drop this week as a premarket slide in Tesla shares added to uncertainties surrounding the future of US monetary policy as well as the overall quality of the first-quarter earnings season. Contracts on the S&P 500 fell 0.7% as of 7:00 a.m. in New York while Nasdaq 100 futures took a 1% hit. Elsewhere, bond yields were lower, the USD was lower, and commodities were weaker on global demand fears.
On the surface, everything still looks fine at the COMEX, but the data reveals more going on.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.
While the Shale Industry bragged about its big profits last year, the economics are now worse than you realize. All the stars aligned nicely last year to provide the shale industry with the first decent profits after a decade of losses. However, don't expect this to continue, especially if energy prices remain low...
Apr 19, 2023 - 13:05:53 PDT
All major silver demand categories achieved record highs in 2022, pushing total silver demand to a new high of 1.242 billion ounces (Boz) last year. Silver industrial demand rose by 5 percent, physical investment increased by 22 percent, and ...
Silver Surges As ‘Perfect Storm’ Fuels Dollar Decline: Why The Precious Metal Could Still RallyApr 19, 2023 - 13:04:06 PDT
Precious metals have shot up in value this year as the dollar—marred by economic uncertainty and improving growth abroad—falls from two-decade highs minted late last year, and analysts project the strength for silver prices in particular could continue over the next year, which is only expected to bring about further strains on the world’s reserve currency.
The World Silver Survey has been published annually by The Silver Institute since 1990.
The public is only in the early process of figuring out why gold ownership is an absolute MUST during a banking crisis.