Gold has all the potential to go unprecedentedly high. But silver will be gold on
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US left on sidelines as China-Russia ‘bro-fest’ cements ties Some uncomfortable realities of Xi’s visit to Putin in Moscow...
\Hindenburg Research said it will soon release a new report, two months after the US short seller’s explosive allegations against Adani Group wiped more than $100 billion off the Indian conglomerate’s market value.
Yellen Pulls Rug Out From Powell's Dovish Promises: Gold Gains As Banks BustMar 23, 2023 - 05:38:20 PDT
Yesterday, @SecYellen made reassuring comments that led the market and depositors to believe that all deposits were now implicitly guaranteed. That coupled with a leak suggesting that @USTreasury, @FDICgov and @SecYellen were looking for a way to guarantee all deposits reassured the banking sector and depositors.
An interest rate cut by the Federal Reserve later this year will be too late to boost the stocks and bonds of highly indebted companies, as funding access is already turning restrictive in the wake of the global banking turmoil, investment strategists say.
The legendary investor published a chart which quantifies the uninsured clients and unrealized capital losses for major regional banks.
A recession is certain and so are rate cuts this year. That’s the message from the bond market metric Federal Reserve Chairman Jerome Powell highlighted a year ago as the best guide to tip-off economic troubles in the US.
“They think they have the tools in place to contain the turmoil in the banking system,” Wells Fargo Chief Economist Jay Bryson said. “There certainly is a risk that this could be a bad decision.”
Distressed Debt Soars By 29%, Or $66 Billion, In One Week Amid Surge In BankruptciesMar 23, 2023 - 05:25:39 PDT
The cascade of defaulted regional US banks is blowing out the circulating inventory of distressed debt which expanded by about $65.9 billion last week as US insolvency courts saw six new, large bankruptcy filings, according to data compiled by Bloomberg.
Hedge Fund Billionaire Bill Ackman Says U.S. Economy Risks Heading Into a ‘Train Wreck'Mar 23, 2023 - 05:23:35 PDT
Bill Ackman blasts Yellen’s rejection of full deposit insurance: A ‘guarantee is needed to stop the bleeding’
The Federal Reserve has raised rates aggressively in the last year and projected on Wednesday its work raising rates is likely done. Dealing with the fallout of these moves, however, appears to be a project just getting underway.
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.