Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Europe's post-Credit Suisse rebound spluttered to a halt on Thursday as Switzerland and Norway, and most probably the Bank of England later, showed the year-long cycle of sharp interest rate rises was by no means over. its rates up again despite its torrid week was a reminder not to get too carried away.
After the Federal Reserve raised interest rates another 25 basis points, Fed Chairman Jerome Powell assured everybody that the collapse of SVB and Signature Bank "are not weaknesses that are at all broadly through the banking system.” That raises a question: if that's true, why did the Fed bail out the entire banking system?The fact is Powell's spin isn't true. Furthermore, the breakdown in the banking system is a sign of a much bigger problem, as Ron Paul points out.
NATGAS ENERGY CLIFF CREATES EXTREME CYCLES: Now Heading Towards Massive Supply Glut To Push Natgas Prices Even LowerMarch 23, 2023
I know it sounds crazy, but get ready for a Massive Natgas Glut and even lower prices. Why? Welcome to the Energy Cliff that creates extreme volatility in both directions. What a difference in just six months when Europe was on the verge of an Energy Crisis during the winter...
The Fed just raised interest rates again which could put even more pressure on the banks. Things are heating up and the wheels are falling off. That’s why Mike is dropping everything to bring you this urgent market alert.
Mar 22, 2023 - 12:49:33 PDT
2% inflation target behaved like a ceiling. In the next twenty-years, the 2% inflation target will become a floor.”
In this article, we will use Mehrling’s hierarchy of money framework and examine the relationship between national currencies and gold to get a sense of where the price of gold is headed.
Mar 22, 2023 - 12:46:10 PDT
Prices for the precious metal then moved up in electronic trading as the U.S. dollar, as well as Treasury yields, weakened in the wake of Federal Reserve's decision to raise its benchmark fed funds rate by a quarter of a one percentage point.
The former head of the JPMorgan Chase & Co. precious-metals business and his top gold trader should get multiyear prison terms after they were convicted of spoofing the market for years, the US government said in a court filing.
For over twelve years at TF Metals Report, we have been writing about "The End of The Great Keynesian Experiment". Recent events have moved us closer to this monetary endpoint.
These choices do not increase the chances for a near-term crisis, but they do mean that the chances of a catastrophe scenario are up sharply, in the event of a crisis.
“How does a bank collapse in 48 hours?” Asks the CNN headline. Especially a bank that reported a profit of $3.4 billion just last year. Murray Rothbard answered the question years ago in What Has Government Done To Our Money?, “No other business can be plunged into bankruptcy overnight simply because its customers decide to repossess their own property.
Here is a follow-up on last week’s chart with some excellent granular detail. Interest payments on the national debt during the current fiscal year (October to February) are up 29 percent …
Speaking to a hearing of the U.S. Senate's Appropriations Subcommittee on Financial Services and General Government, Yellen also said that the failure of a small bank or community bank could trigger runs on larger banks.
Treasury Secretary Janet Yellen is likely to face tough questions from senators about the federal response to two bank failures earlier this month.
Please consider the Summary of Economic Projections from the FOMC Meeting March 21-22, 2013.
The U.S. banking system is sound and resilient. Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. The extent of these effects is uncertain. The Committee remains highly attentive to inflation risks.
The Federal Reserve Board announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNowsm Service, to support faster payments in the United States.
Mar 22, 2023 - 12:14:53 PDT
As expected, The Federal Reserve raised their target rate (upper bound) to 5%, up 25 basis points. At the same time, Fed Reverse Repo useage soared to $2.28 trillion as banks hide from inflation. H…
Watch Live: Fed Chair Powell Attempts High-Wire Walk Between Price & Financial System StabilityMar 22, 2023 - 11:37:42 PDT
Having raised rates by 25bps (as expected) and offered a dovish bias to the statement with regard future rate-hikes, Fed Chair Powell now has the unenviable task of threading the needle between too-dovish (what does Powell know about just how bad the banking crisis really is...and what will that do to inflation) and too-hawkish (omfg, Powell's going to kill the banks to crush inflation).
A lot has changed since The Fed last met on February 1st and decided to hike 25bps. Between Powell's hawkish hearings with Congress and the dovish-inference of a global financial system crisis, the market's expectations for The Fed's actions today have swung wildly - but ironically, are basically unchanged since the Feb 1st meeting.