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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.
Here's How We'll Have Labor Shortages and High Unemployment at the Same TimeApr 5, 2023 - 11:23:08 PDT
This is how we'll end up with severe shortages of truly skilled labor and high unemployment of those who lack the necessary skills.
The U.S. dollar languished near two-month lows in early European trade Monday as weak economic data support the idea that the U.S. Federal Reserve may be near the end of its rate-hiking cycle.
By monitoring inflation expectations, the Fed promises to minimize your pain.
Saudi Arabia's recent reconciliations with Iran and Syria under Chinese-Russian guidance is perceived as a step toward reducing Riyadh's dependence on the US, while also advancing Beijing and Moscow's political and economic influence in West Asia.
The Expert Who Pioneered ‘Quantitative Easing’ Has Seen Enough: Central Banks Are Too PowerfulApr 5, 2023 - 08:19:03 PDT
Richard Werner, who coined "quantitative easing" back in 1995, looks back at how central banks got so powerful, and he says we should be concerned.
"The dollar, in some shape or form, will likely be around for a long time. Perhaps very long. But by weaponizing dollar dominance and permitting expanding mandates to disorient US monetary policy, the dollar’s fate as the lingua franca of world commerce over the long haul may already be sealed."...
$900 Silver? This Formula Shows Triple Digit Silver is Baked Into The CakeApr 5, 2023 - 07:15:55 PDT
“I wanted to know what would silver’s price have to be if it went into the same bubble that it was in back in 1980…compared to all these other assets: Real Estate, Stocks, Bonds, the currency supply and so on.” In Mike Maloney’s new book ‘The Great Gold & Silver Rush of the 21st Century’ he makes some important calculations for silver’s future price based on the above scenario. Find out today how these calculations have led Mike to believe that “Triple digit silver is baked into the cake”.
Central bank gold buying momentum showed no signs of stalling in February. Reported global gold reserves rose by 52t during the month – the eleventh consecutive month of net purchases – following January's 74t.
Apr 5, 2023 - 06:58:55 PDT
Washington, DC - As America faces the twin threats of inflation and bank failures, three U.S. congressmen introduced a pivotal sound money bill that would enable the Federal Reserve note “dollar” to regain stable footing for the first time in more than half a century.