Precious metals news

US Treasuries came back to haunt investors and bankers who ignored the basics of interest-rate risk—and there could be more surprises in store.

Investors withdrew $1.6 billion of cryptocurrency from crypto exchange Binance since it was sued by the U.S. CFTC on Monday, blockchain data tracker Nansen said on Wednesday.

For the past decade, China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence through infrastructure megaprojects and becoming one of the world’s biggest creditors.

Michael Barr’s excuses for regulatory blunders are simply unbelievable. No one disputes that bankers failed to hedge the risk posed by rising interest rates to asset prices and deposits. What Mr. Barr didn’t say is that the Fed’s historic monetary mistake created the incentives for the bank blunders.

Swiss regulators’ decision to write down $17bn worth of Credit Suisse’s additional tier 1 (AT1) bonds as part of the bank’s purchase by UBS rather than wipe out shareholders has called into question the future viability of the $260bn segment of debt markets.

Larry McDonald developed a framework for analyzing stock market risk after his experience during the subprime mortgage crisis, and he says all his indicators are flashing warning signs.

Global creditors are bracing for a long-drawn battle to recover money from China’s troubled developers, as a property meltdown continues to roil the nation’s $735 billion offshore bond market for a third straight year.

Federal Reserve Bank of St. Louis President James Bullard said financial stress has increased in recent weeks due to the banking crisis but can be contained with regulatory policies rather than interest rates.

The slump in South Korea’s property market may lead to defaults on project-financing loans, but policymakers have put in place measures to cope following an unexpected credit crunch last year, according to the nation’s financial watchdog chief.

The European Central Bank will need to increase interest rates further if recent tensions in the financial system stay contained, Chief Economist Philip Lane told Zeit in an interview.

UBS Group AG Chairman Colm Kelleher said that the task of integrating Credit Suisse Group AG is bigger than any deal that was executed during the height of the financial crisis in 2008, underlining the magnitude of the task facing Sergio Ermotti.

U.S. stock index futures climbed on Wednesday as easing worries about a banking crisis lifted risk sentiment, while investors awaited economic data to assess the Federal Reserve's monetary policy path. Market jitters about stress in the banking system have been soothed in recent days by a U.S. regulator-backed sale of failed lender Silicon Valley Bank's assets as well as lack of ...

Tennessee Gov. Bill Lee has signed a bill into law that creates a process for the state to buy, sell, and hold gold and silver. This sets a foundation for Tennessee to achieve more financial independence with gold and silver reserves and could help undermine the Federal Reserve’s monopoly on money.

Could the commercial real estate market be the next thing to break in this bubble economy?
The rampant money creation and zero percent interest rates during the COVID pandemic on top of three rounds of quantitative easing and more than a decade of artificially low interest rates in the wake of the 2008 financial crisis created all kinds of distortions and malinvestments in the economy and the financial system. It was inevitable that something would break when the Federal Reserve tried to raise interest rates in order to fight the price inflation it caused with its loose monetary policy.

The seasonally adjusted Money Supply in February fell $121B and the Money Supply in January was revised from positive $31B to -$142B. This is a major revision and now means the Money Supply has fallen for seven straight months.

Central banks have been gobbling up gold. On net, central banks bought 1,136 tons of gold in 2022. It was the highest level of net purchases on record dating back to 1950 and the 13th straight year of net gold purchases.
The question is will central banks continue to have an appetite for gold through 2023?

In the aftermath of the failure of Silicon Valley Bank and Signature Bank, everybody is trying to figure out what happened, who's to blame, and what can be done to prevent it from happening again. One of the most popular "solutions" is more bank regulations. But in his podcast, Peter Schiff explained why regulations are the problem, not the solution.

With Central Banks' purchases of the precious metal in 2022 the highest on record, the case for Gold remains for 2023.

The Federal Reserve’s balance sheet grew by $394B in the past two weeks. In the context of all G4 central banks, this move alone erases half of all quantitative tightening (QT) progress since the beginning of the year. A directional change like this could indicate the end of a short quantitative tightening cycle. \

China’s February net gold imports via Hong Kong nearly tripled from the previous month, surging on the back of a rebound in demand post Lunar New Year celebrations and a drop in bullion prices through the month.