Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
“Change is coming that hasn’t happened in 100 years and we are driving that change together.”
Driven by fears induced by the banking sector and the imminent end to Federal Reserve’s tightening cycle, investors are now turning their attention to precious metals to hedge their bets. For most, the unwritten rule is that during times of financial uncertainty, gold (and by association silver) is the way to go.
Gold is on the cusp of a major breakout from its super-bullish cup and handle pattern. The measured upside target is $3000/oz, and the log target is roughly $4000/oz.
The bloc must be more assertive n defending its security and economic interests, including possible EU-wide controls on outbound investment, European Commission President Ursula von der Leyen said ahead of a trip to China.
Anger at both individual regulators and a lack of sufficient banking regulation boiled over from the Senate to the House on Wednesday, as officials from the Federal Deposit Insurance Corporation (F…
... When that happens, the Fed is pushing on a string — printing money with no result except asset bubbles. That’s where we are today.
Currency is accepted at an increasingly fewer number of business establishments and simply cannot be used for very large sized transactions. Retail money market funds never became an important medium of exchange. Both are becoming a far less used medium of exchange.
As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26...
The First Wave of Deposit Outflows Is Nearly Over. A Second Wave Has Already Started: MWMar 30, 2023 - 07:55:02 PDT
A second wave of deposit departures has started -- to money-market funds.
Mar 30, 2023 - 07:53:40 PDT
Right before a major hiking cycle by the Fed, both large and small banks decided to deploy deposits.
Cash Stashed in Funds Instead of Banks Fuels US Recession Risks: BloombergMar 30, 2023 - 07:51:36 PDT
Money-market mutual funds are proving an irresistible place for investors to park their cash right now instead of banks. The amount squirreled away in them has surged to more than $5 trillion and that risks becoming a problem for the US economy if that grows too much and too quickly.
Small Banks Are Losing to Big Banks. Their Customers Are About to Feel It: WSJMar 30, 2023 - 07:49:49 PDT
Banks too big to fail are gaining deposits: “How can I compete for new business with that big enchilada out there?”
Bank of England Calls for Urgent Action on Funds That Nearly Toppled UK Financial SystemMar 30, 2023 - 07:47:28 PDT
he Bank of England has called for urgent action to address a weak spot in the UK financial system as persistent worries about the global banking sector threaten to unleash fresh market turmoil.
Recent banking sector turmoil is a reminder that work on reforms remains unfinished, and there is a need to "consider whether deregulation may have gone too far," US Treasury Secretary Janet Yellen plans to say Thursday.Referring to banking turmoil and the pandemic, she said: "These events remind us of the urgent need to complete unfinished business."
Anyone who thinks the banking crisis is over has never lived through one. This is my tenth, starting with Herstatt. And this one is just getting started, despite all the happy talk that the crisis is over.
Practically on cue, politicians began their public hearings yesterday about the recent banking crisis. This was so predictable; every time there’s a major crisis, Congressmen book a committee meeting…
An old saying cautions one to be careful of what one wishes for. Stock investors wishing for the Federal Reserve to pivot may want to rethink their logic and review the charts.
Don’t Let the Headlines Fool You about a Tiny Month-to-Month Uptick in Pending Home Sales...Mar 30, 2023 - 07:33:01 PDT
Spring selling season volume lowest since Housing Bust 1.
The Most Splendid Housing Bubbles in America, March Update: Biggest Monthly Price Drops Now...Mar 30, 2023 - 07:30:33 PDT
Double-digit drops from peak in San Francisco Bay Area, Seattle, San Diego, Phoenix, Las Vegas.
China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary, the Brazilian government said Wednesday, Beijing's latest salvo against the almighty greenback.