Gold has all the potential to go unprecedentedly high. But silver will be gold on
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For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last month, lenders appear to be rejigging offers in an effort to keep customers' cash parked in their accounts for longer. The promotions are running at a time when the failures of Silicon Valley Bank...
A glut of cars on the market is to trigger a price war among manufacturers as demand fails to keep pace with supply, analysts have forecast.
Costco Wholesale Corp. slipped in late trading as the second straight slowdown in a key monthly sales gauge stoked doubts about the strength of US consumers.
A growing chorus of European Central Bank officials predicts that interest-rate increases will soon come to an end — signaling a new-found consensus after tensions began to bubble up at their last policy meeting.
BOJ’s Kuroda Leaves $11.7 Trillion ‘Shock and Awe’ Experiment to His SuccessorApr 6, 2023 - 05:26:29 PDT
Within weeks of taking office a decade ago, Bank of Japan Governor Haruhiko Kuroda fired his “shock and awe” stimulus targeting a return to steady 2% inflation in around two years. As his tenure ends, the original “time horizon” remains largely that — something within sight but out of reach.
BlackRock Inc. was hired as an adviser to help the US government arrange the sale of $114 billion in securities that were held by failed lenders Signature Bank and Silicon Valley Bank.
Fed: Economy Is ‘Certainly Slowing’ Amid Tightening Labor Market, Deutsche Bank Securities ChiefApr 6, 2023 - 05:23:01 PDT
Deutsche Bank Securities Chief US Economist Matthew Luzzetti joins Yahoo Finance Live to discuss the latest jobs data and a cooling labor market ahead of Friday's March jobs report.
U.S. stock futures were flat, with tech stocks underperforming ahead of the highly anticipated Friday’s job report.
Global stocks drifted on Thursday, following skittish trade in the Asian session, as traders awaited crucial U.S. jobs data that may add to mounting evidence of a U.S. slowdown and the likelihood of a global recession. The broad MSCI index of world stocks dipped 0.1%, putting it on track for its first weekly decline in three weeks. Equity investors were avoiding strong bets with many...
BANKING CONTAGION... MUCH WORSE TO COME: Important Gold & Silver Market Update APR 6thApril 6, 2023
The Fed and central banks can breathe a sigh of relief as the markets are closed on Good Friday. However, the banking crisis that started last month is getting worse by the day. Even though the Fed says it has tools to solve the banking problem... they are completely FOS...
Experts see a bright future for silver demand, and the solar power industry is one reason for their optimism. The global transition to green energy has sparked an increased need for alternatives to traditional fuels like oil and gas, and silver is going along for the ride due to its use in solar pan...
Dollar Gains After Days of Losses, but Outlook Still Bleak on Fed Pause ViewApr 5, 2023 - 13:10:08 PDT
The underlying trend though for the dollar remained tilted to the downside and Wednesday's U.S. private sector jobs numbers affirmed that. The data supported the view that the Federal Reserve may not need to raise rates much further.
A slump in the US dollar on soft job openings data has the market feeling more confident that Fed funds are near a peak and that rate cuts are coming. That's led to a big bid in gold as it races through $2000 to $2020, up $35 on the day. It's the best level since a brief rally above $2000 early in the Ukraine war.
Apr 5, 2023 - 13:01:18 PDT
VanEck CEO Jan van Eck says both gold and Bitcoin (BTC) are likely to take off on huge multi-year bull cycles.
U.S. Treasury Secretary Janet Yellen on Monday said deposit outflows from small and medium-sized banks were diminishing, but she was watching the situation closely and was "not willing to allow contagious runs to develop" in the U.S. banking system.
‘We Are Going to See Parts of the Economy Break’: Recession Fears Move Back to Forefront of MarketsApr 5, 2023 - 11:42:45 PDT
MW: Investors reconsider the risk that the U.S. economy is about to tip into a recession after data reveals the labor market is loosening up.
Americans Are Struggling to Find Homes for Sale, Causing Mortgage Demand to PlummetApr 5, 2023 - 11:39:26 PDT
"Spring has arrived, but the housing market is missing the customary burst in listings and purchase activity that typically mark the season," said Mike Fratantoni, MBA’s chief economist. "After four weeks of increasing purchase application activity, volume declined a bit this week even with another small drop in mortgage rates."
Even with the contrarian aspect, I think it’s still hard to get excited on real estate in the immediate term with the rate shock on the one hand and weaker growth prospects ahead on the other hand. Finding “goldilocks” is going to be very hard indeed…
"A CBDC is not money because it is not a physical-bearer instrument, but rather by its very nature is trackable and cancellable, like a check or credit card payment." ~ Robert E. Wright
"No Reason" For Malaysia To Rely On US Dollar, PM Warns As Yuan Influence GrowsApr 5, 2023 - 11:26:59 PDT
And now, as The Epoch Times' Andrew Moran reports below, Malaysia has joined the group of several Asian nations trying to detach itself from dollar dependence.