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Gold prices are headed toward record highs Tuesday—and they might not stop there.
Silver moved towards the $25.00 level as traders focused on weaker dollar and falling Treasury yields. It should be noted that silver managed to get above the important resistance area at $24.00 – $24.50, so a potential short squeeze may serve as an additional positive catalyst for silver markets.
Gold’s latest run-up after a one-week hiatus to a four-week rally is “a sign that traders are not budging from their view that U.S. interest rates are at or near their peak and expect them to fall this year,” said Craig Erlam, analyst at online trading platform OANDA.
Apr 4, 2023 - 12:34:22 PDT
Major stock market indexes slipped further at the noon hour Tuesday, trading near the lows of the day. The labor market finally showed signs of slowing after months of Fed tightening.
Apr 4, 2023 - 12:29:30 PDT
The Internal Revenue Service will unveil its long-awaited 10-year spending plan for $80 billion in new funding to beef up enforcement and taxpayer services, U.S. Treasury Secretary Janet Yellen said on Tuesday, promising major investments in new technology and services. In prepared remarks at the swearing-in ceremony of new IRS Commissioner Danny Werfel, Yellen said...
American workers are keeping large chunks of their retirement savings in cash to protect themselves from another slump in the stock market.
Manhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile.
Apartments have been the second-worst performing type of real estate in the U.S. after offices over the past year.
Here Are 7 Signs That Global De-Dollarization Has Just Shifted Into OverdriveApr 4, 2023 - 12:17:01 PDT
This is a story of monumental importance, but unfortunately most Americans still believe that our leaders know exactly what they are doing and that they have everything fully under control.
Gold prices remain elevated as inflation, political differences, and the prospect of international war radiate on the horizon.
As Mike points out in today’s video, you can’t wait until the last minute and expect your gold and silver portfolio to help you. The markets just don’t work like that.
We have printed trillions and trillions of dollars. Prices will not be able to be suppressed. Fundamentals are regaining control. Silver bottomed well before gold...
Apr 4, 2023 - 08:21:15 PDT
Within this pattern, Silver formed a bullish candlestick last quarter at (1) with its price closing at the upper end of the long-term narrowing pattern at. If bulls can follow through with another strong quarter, we may see a bullish breakout for Silver and a “Hi Yo” celebration for metals bulls.
Gold price jumped above $2,010 following the release of US economic data reaching the highest level since March of last year. XAU/USD is rising 1% so far on Tuesday, boosted by a weaker US Dollar and lower US Treasury bond yields.
The “Extraordinary Measures” that the Government Uses in the Debt-Ceiling Farce to Delay a DefaultApr 4, 2023 - 07:48:19 PDT
The government can manipulate the gross national debt to keep it below the debt ceiling while issuing new debt. But not for long. Then the game is over.
Status of US Dollar as Global Reserve Currency and Exchange Rates: Slow Long-Term Decline on TrackApr 4, 2023 - 07:47:31 PDT
The share of the US-dollar as global reserve currency dropped to 58.4% at the end of Q4, according to the IMF’s new COFER data. This was the dollar’s lowest share of global reserve currencies since 1994.
Labor Market Finally Cracks: Job Openings, Hires Crash To Lowest Since May 2021, Miss Every EstimateApr 4, 2023 - 07:46:16 PDT
For months we have been warning that at a time when the US economy is careening into a hard landing recession, the manipulated, seasonally-adjusted, and politically goalseeked job openings data released as part of the DOL's JOLTS report is sheer rubbish (see "US Job Openings Far Lower Than Reported By Department Of Labor"; "Handle The JOLTS Data With Care", ...
Job Openings Tumbled Below 10 Million in February, Well Below ExpectationsApr 4, 2023 - 07:21:02 PDT
Job openings fell below 10 million February for the first time in nearly two years, in a sign that the Federal Reserve's efforts to slow the labor market may be having some impact.
After January's headline factory orders tumbled MoM (following December's unexpectedly large jump), consensus estimates are for February to see a further (0.5%) decline (which would fit with the declining ISM data yesterday). However, Feb Factory Orders tumbled 0.7% MoM (and worse still, January was revised down to a 2.1% decline)...
‘I Am Truly Sorry’: Credit Suisse Chair Pleads With Angry Shareholders at Annual MeetingApr 4, 2023 - 07:09:12 PDT
A police presence was established outside the Credit Suisse annual meeting as shareholders began arriving in droves.