Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Doubleline Capital’s Jeffrey Gundlach said on CNBC that he expects a US recession will start in a few months, and that the Federal Reserve will need to respond “very dramatically.”
\The Federal Reserve will keep raising interest rates despite traders betting otherwise as fears of a banking crisis convulse markets, according to BlackRock Inc.
US Futures & European Stocks Struggled as Investors Awaited Data for Clues on Monetary PolicyMar 28, 2023 - 05:22:31 PDT
Contracts on the S&P 500 were little changed, while those on the Nasdaq 100 dropped. European equities erased earlier gains as French lenders fell on news the country’s financial prosecutor is searching five banks as part of a probe into tax fraud and money laundering.
Jewelry production is an important driver of overall silver demand. In 2022, the amount of silver used in jewelry was up around 29% as overall silver demand hit record levels. Silver jewelry production used around 235 million ounces of silver.And according to a recent survey by the Silver Institute, silver jewelry sales are on the rise.
Peter Schiff appeared on NTD News to talk about the bank bailout and the March Federal Reserve meeting. During the conversation, Peter explained that everybody is going to pay for these bailouts because they will ultimately devalue the dollar as inflation skyrockets.
GET READY FOR SERIOUS INFLATION IN THE FUTURE: Energy, Not Money Printing, The Main Factor Driving Consumer Price InflationMarch 28, 2023
If you think the high consumer prices have been bad, get prepared for serious INFLATION in the future. Why? Because Energy is the main driver of inflation, not money printing. And, when the world begins to head over the ENERGY CLIFF, the world will experience inflation as it has never before...
Silver is about to test resistance of a giant bull flag, one that is in the making for 2.5 years. Rest re-assured, resistance is resistance until proven otherwise. More importantly, however, is the breakout that eventually will come, it will be explosive and push silver much higher, ‘in no-time’. But, didn’t we say all this, countless times, referring to our silver forecast?
The only asset class that is not in a bubble is commodities. Silver is down 60% from its all-time high, Sugar is down more than 50% from its record high – these are not bubble numbers. So commodities are cheap and normally commodities do well with high inflation.
In this episode, Mark looks at the far away minor issue of the impact of hyperinflation in Zimbabwe. Even though they have switched from Zim dollars to US dollars, ordinary people are still suffering.
Mar 27, 2023 - 13:02:44 PDT
Gold prices could surpass the record set at the height of the Covid-19 pandemic if ongoing turmoil in the banking sector persists and global central banks downshift..
The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system.
Mar 27, 2023 - 12:03:21 PDT
On Sunday, Financial Times reporters Brooke Masters, Harriet Clarfelt and Kate Duguid published an article under the headline: “Money market funds swell by more than $286bn as investors pull deposits from banks.”
There are multiple threats to the financial system that are currently in play, and one of the biggest is the risk of a Eurodollar crisis or collapse. The world had two close calls...
"M2 in 2020 and 2021 increased by the largest percentages in the last 60 years. To the surprise of the Federal Reserve (although not everyone), inflation resulted." ~ John Devereux & Gerald P. Dwyer
World Bank Warns of ‘Lost Decade’ in Global Growth Without Bold Policy ShiftsMar 27, 2023 - 11:29:05 PDT
Average potential global economic growth will slump to a three-decade low of 2.2% per year through 2030, ushering in a "lost decade" for the world's economy, unless policymakers adopt ambitious initiatives to boost labor supply, productivity and investment, the World Bank warned on Monday.
Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions of people during one of the largest walkouts in decades in Europe's biggest economy as soaring inflation stokes wage demands.
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade.
Global central banks from the US to the euro zone should jointly commit to avoid further interest-rate hikes until market stability has been assured, UniCredit economist Erik Nielsen wrote on Sunday.
President Biden's Fiscal Year 2024 Budget has proposed a series of major tax increases, totaling nearly $4.7 trillion, aimed at businesses and high-income individuals. These proposals include higher marginal tax rates on corporate, individual, and capital gains income; a new minimum tax on high-net-worth individuals; and increases to Medicare taxes.
As traders rush to identify where the next bout of volatility will come from, some watchdogs think the answer may be buried in the huge pile of hidden leverage that’s been quietly built over the past decade.