Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Though the Fed and FDIC have stopped contagion from SVB for now, smaller banks could face pressure for years to come.
Blackrock Global Co-Head of Fixed Income ETFs Steve Laipply joins Yahoo Finance Live to discuss the bond market, investor sentiment, interest rate volatility, Fed policy, and the impact of stress in the global banking sector.
Global stocks are on course for a 4.9% quarterly gain. Japan's Nikkei, which is heading for a 6% quarterly gain, slipped 0.8% on Thursday. U.S. and European stock futures were broadly steady.
TOP SILVER MINERS Q4 2022 REPORT: Costs Hit Record Highs & Are We Getting Ready For A Silver Breakout??March 30, 2023
Just like the gold miners, the primary silver miners' costs reached a record high in Q4 2022. Even the largest silver producer in the world, Fresnillo PLC, recorded the highest costs ever. Also, is the silver price still heading for a BREAKOUT...
The most-actively traded gold futures contract has jumped 7.4% to $1,973.50 this month, reaching an intraday high of $2,014.90 last week and on pace for the largest monthly percentage increase since May 2021. Prices hadn’t topped $2,000 since Russia’s invasion of Ukraine last spring.
Gold to Retest Record Highs of 2020 and 2022 on a Break Past $2,000/10: Credit SuisseMar 29, 2023 - 12:56:45 PDT
Gold remains below its $2,070/2075 record highs and has started a short-term consolidation. A sustained move above $2,000/10 is needed to reinvigorat
Investing in Fear: Why the Fed Rate Hike Has Investors Turning to Gold and Silver for Security and ProfitMar 29, 2023 - 12:56:08 PDT
Few analysts and investors were surprised when the Federal Reserve raised interest rates by another 25 basis points. While the decision to hike rates comes as no surprise, it has already stirred up debate among financial experts. Some argue that the move is a necessary step to combat inflation, while others contend that continuing to raise rates after the recent banking crisis...
Shows the Federal Reserve's lending to banks surrounding the time period of the Silicone Valley and Signature Bank failures. On March 8th, the Fed was lending $4.4 billion to banks. The following week, that figure had grown by $140.6 billion and the Fed was lending $145 billion to banks. A week later, March 22nd, the Fed extended another $185.1 billion and was lending...
Mar 29, 2023 - 12:44:19 PDT
It’s no secret that globalist institutions are obsessed with Artificial Intelligence as some kind of technological prophecy. They treat it as if it is almost supernatural in its potential and often argue that every meaningful industrial and social innovation in the near future will owe its existence to AI. The World Economic Forum cites AI as the singular key to the rise of what they call the...
The collapse of Swiss banking giant Credit Suisse recently was a catastrophe long in the making. A quick perusal of the bank’s financial statements from recent years shows that we’re dealing with something analogous to a classic bank run.
As the war in Ukraine drags on into its second year, protest demonstrations have been taking place in major European cities. They express the growing sentiment that the people are tired of the protracted conflict and fearful of what could come should the war continue even longer.
Since the 1970s it’s been virtually impossible for a country to function without access to US dollars. And Washington maintained this highly-favorable status quo by putting various kinds of pressure — from sanctions to election theft to outright invasion — on anyone who stepped out of line.
In his 1884 article “Mind as a Social Factor,” Lester F. Ward attacked the laissez-faire doctrine in an “inversion of values” that would have made Friedrich Nietzsche blush. “But how shall we distinguish,” Ward asked, this human, or anthropic, method from the method of nature?
FDIC Weighs Squeezing Big Banks To Plug $23 BIllion Hole From Small Bank Failure CostsMar 29, 2023 - 12:35:05 PDT
Yesterday, we explained that the reason why the stock price of First-Citizens Bank & Trust exploded on Monday after the FDIC revealed that it would "acquire" much of the now failed Silicon Valley Bank, is because in exchange for paying $500 million to the FDIC, the Raleigh, N.C. bank would not only get $16.5 billion in clean assets, but would also get a taxpayer backstop for future losses to boot.
Mar 29, 2023 - 12:33:51 PDT
President Biden remains underwater in his overall job approval rating and his ratings on the economy, foreign affairs, energy and the environment.
It’s not just the credit markets that are sending out a signal of distress. A key barometer that the Fed watches, the St. Louis Fed Financial Stress Index, is telegraphing a similar message about the state of the US economy.
By now everyone knows that small banks - which have little to no capital markets exposure and are almost entirely reliant on NIM and debt transformations courtesy of their balance sheets in many cases with catastrophic results - are hanging by a thread and all it takes is one (alleged) tweet for deposits to be drained from bank XYZ, sending the bank into the waiting arms of the FDIC within hours...
Mar 29, 2023 - 10:52:21 PDT
A former U.S. Treasury official has warned of “catastrophic” consequences if the U.S. dollar loses status as the world’s reserve currency.
THE US dollar has lost some of its lustre over the winter. The twin supports of its status as the preferred haven during the pandemic and being backed by the world’s strongest economy are fading. And now another prop for the greenback is wobbling, amid doubts about how much higher the Federal Reserve will raise US interest rates as it has second thoughts on the likelihood of a recession. The greenback looks likely to suffer an extended bout of weakness.
Superpowers like Russia and China are eyeing America’s financial vulnerabilities while the Fed, Congress, Treasury, and Wall Street play musical chairs..