Gold has all the potential to go unprecedentedly high. But silver will be gold on
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US inflation was largely unwavering in March, with economists projecting a monthly increase in consumer prices on par with advances seen over the previous half year that will test the Federal Reserve’s mettle.
Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view.
Speculators timed it just about perfectly before Friday’s strong US payrolls data, adding the most to their bets against benchmark Treasuries in just over a year.
The rush to issue shorter notes reflects market speculation that the Bank of Japan under new governor Kazuo Ueda will put an end to a decade of super-easy policy, a move that will likely hit longer debt especially hard. If the BOJ tightens credit, it would be joining central banks around the world that have pushed up interest rates to try to tame rapid inflation.
Echoes Of New Century's Collapse Amid Sudden Firesale Of Real Estate Loans As One Bank Sees 40% DownsideApr 10, 2023 - 05:29:31 PDT
Those who peaked below the surface of the latest H.8 statement which, as discussed previously, saw the biggest drop on record in bank loans and leases in the last two weeks of March...
When banks started going belly-up, the reaction in bonds was emphatic. Two-year Treasury yields slid a percentage point over three days in March, the most since 1982.
Not all investors are overlooking it, as seen in the strong moves in gold and silver prices, and utilities and consumer staples stocks. But enough are to call it out.
Investors are turning their focus to the world’s top finance ministers and central bankers assembling this week in Washington, looking for fresh clues on the outlook for everything from interest rates, banking stability and debt relief to oil prices and the testy US-China relationship.
Asian shares inched higher, while the dollar started the week on the front foot after the U.S. jobs data underscored a tight labour market, firming up expectations that the Federal Reserve will again raise interest rates at its meeting next month. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.14% higher, while Japan's Nikkei gained 0.5%. The closely watched report also showed that annual wage gains slowed but remained too high to be consistent with the U.S. central bank's 2% inflation target.
American consumers continued to pile on debt in February, but the pace of borrowing slowed significantly, another sign the economy could be heading toward a recession.Overall, consumer debt grew by $15.3 billion in February, a 3.8% annual increase, according to the latest data from the Federal Reserve. That compares with an upwardly revised 19.5 billion increase in January.
Peter Schiff appeared on TraderTV to talk about the failure of Silicon Valley Bank and Signature Bank, the bailout, and what might lie ahead. Peter emphasized that this banking crisis isn't over. In fact, it is just the beginning of a much worse financial crisis.
The BLS reported that 236k jobs were added in March. Similar to December and January, the Household survey greatly exceeded the Headline Report with 577k jobs added. The Household Survey was surprisingly strong given the current economic environment.
THE WAR AGAINST PEAK OIL CONTINUES: The World Is Totally Unprepared For The Coming Energy CliffApril 8, 2023
While I thought it was over, the war against PEAK OIL still continues. This is very bad news because the world is totally unprepared for the coming Energy Cliff. Ironically, all the banking and financial turmoil we see in the markets stems from the Energy Cliff dynamics...
The dollar may be king, but its throne is getting a little tippy. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the slow but steady erosion of the dollar's global dominance and the possible ramifications. He also explains how Federal Reserve monetary policy is like poison.
As the peak for interest rates comes into view, Bank of America is forecasting that the price of gold will rise to $US2200 an ounce in the fourth quarter. It previously had gold at $US2000 in the December quarter.
Bringing up the subject of a gold standard is strictly verboten in the economics profession and among financial policymakers. It’s long past time to break this taboo. A gold-based monetary system would have prevented our present woes, not to mention this century’s previous economic and banking disasters.
Apr 6, 2023 - 12:54:51 PDT
JPMorganChase Bank holds 53% of all the monetary metals derivatives contracts in the U.S. banking system, through the bank and some of its traders have been criminally charged..
There can be little doubt that those shorting shares of SLV, the largest silver ETF in the world, are doing so because the required amount of physical silver is not available to secure and deposit as required by the prospectus.
Industrial metals are universally viewed as the backbone of the modern economy. Whether it’s the buildings we live in, the cars we drive, or the mobile device we’re browsing with, virtually everything we see or consume is made of some type of metal.
Discovered in the state of Victoria in an area known as the "Golden Triangle," the gold-filled rock weighs 4.6 kilograms (10.1 pounds), with the precious metal making up 2.6 kilograms (5.7 pounds).