Gold has all the potential to go unprecedentedly high. But silver will be gold on
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There is no specific news on DB to catalyze these moves but if DB is next, then the world's financial system has a serious problem that makes CS look like SVB.
Futures Tumble, Treasuries And Rate Cut Odds Soar Amid Panic That Deutsche Bank Is The Next To GoMar 24, 2023 - 05:10:20 PDT
...just as Biden ordered to contain inflation, as US consumer spending is now in freefall - we pointed out that something bad was taking place in Europe: the credit default swaps of perpetually semi-solvent banking giant Deutsche Bank were quietly blowing out to multi-year highs.
Global markets were rattled again by two new problems, injecting a new dose of fear into an already on-edge banking sector.
The Fed Is Trying to Thread a Needle With a Rope: SchiffGold Friday Gold Wrap March 24March 24, 2023
On Wednesday, the Federal Reserve raised interest rates again despite the problems in the banking system. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the Fed's inflationary efforts to paper over the problems in the financial system while still keeping up the pretense of an inflation fight. He says it's like trying to thread a needle with rope.
BANKING CONTAGION CONTINUES & METALS UPDATE MAR 24th: Next Week Could See Technical Breakout In Gold & Silver �...March 24, 2023
Investors are piling into gold and silver as the Banking Contagion spreads from the U.S. to Credit Suisse and now Deutsche Bank. Not only is this driving up the premiums, next week is also an important technical BREAKOUT area for Gold and Silver...
It’s really quite simple. When precious metals rallied in 2020, on the back of lockdowns, interest rates slashed to zero, QE, and general market fear, silver’s gain was double that of gold.
Silver is close to the cost of production. When sellers run out of physical supply, the PMs will soar. Most major pension funds, deep pocketed investors, have less than..
Mar 23, 2023 - 13:09:15 PDT
World Silver Council purpose is to provide industry leadership whilst stimulating and sustaining demand for silver. With our unique insight into the global silver market.
Mar 23, 2023 - 13:05:48 PDT
The rise of digital gold is not surprising given the increasing popularity of digital assets and the ease of investing in them. Digital gold is essentially a form of gold that can be traded and stored electronically.
Mar 23, 2023 - 13:04:39 PDT
Silver Jewelry Maintains the Highest Margins Compared to Other Precious Metals
(Washington, DC, March 23, 2023) Silver jewelry is popular among consumers and jewelry retailers because of its beauty, luster, design options, and affordability. With silver jewelry consumption on the rise, and to get a better sense of the U.S. silver jewelry retail market, the ...
Gold traders are again rejoicing after the Federal Reserve (Fed) confirmed expectations of a modest 25 basis points interest rate hike on Wednesday. The bright metal has re-gained the $1,980 mark, back on the uptrend after having retraced from year-to-date highs on Monday and Tuesday.
Mar 23, 2023 - 12:22:13 PDT
Jamie Dimon is the Chairman and CEO of JPMorgan Chase, the largest bank in the U.S., which is also ranked the riskiest global bank by its regulators. But instead of getting his own house in order in the midst of a banking crisis, Dimon has been peculiarly focused elsewhere.
Thanks to revisions, the Census Bureau's New Home Sales report shows new home sales rose for the third month. The good news, not that it's remotely believable, stops there.
Layoffs in California Stall Employment Growth: San Francisco and Silicon Valley Hardest HitMar 23, 2023 - 12:19:37 PDT
But only 8% of Alphabet’s and 13% of Meta’s layoffs are in California: The tally based on California’s WARN reports.
American Empire at 234 years. “I do not say that democracy has been more pernicious on the whole, and in the long run, than monarchy or aristocracy. Democracy has never been and never can be so dur…
Yellen Says U.S. Would Take ‘Additional Actions’ on Bank System if Necessary: MWMar 23, 2023 - 12:03:26 PDT
Treasury Secretary Janet Yellen on Thursday will tell lawmakers that the federal government would take extra steps to stabilize the U.S. banking system if...
We might be headed for a hard landing after all.
After flirting with the "nice, round number" earlier this week, Gold - which soared by $150 in the past two weeks amid the relentless bank crisis - has just topped $2000 for the first time since March 2022 and then, since the Covid crash before it, when the Fed unleashed $10+ trillion in emergency liquidity.
Mar 23, 2023 - 11:43:12 PDT
Strange choice of words. As inflation continues to skyrocket and amid huge banking collapses, the White House press secretary declared Wednesday that the Biden administration “sees a strong economy.”
The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday raised the target policy interest rate (the federal funds rate) to 5.00 percent, an increase of 25 basis points. With this latest increase, the target has increased 4.75 percent since February 2022.