Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Peter Schiff recently appeared on Brighteon.com with Mike Adams to talk about the failure of SVB and Signature Bank, the bailouts and the potential ramifications. During the interview, Peter explained the difference between SchiffGold and a lot of the other gold companies out there.
The Federal Reserve added nearly $300 billion to its balance sheet in a single week as it kicked off its loan bailout program for banks.In effect, the Fed loaned troubled banks $300 billion of new money that was created out of thin air.In other words, we got $300 billion in inflation in a single week.
Peter Schiff appeared on the Capitol Report on NTD News to talk about the bank bailouts and the possible ramifications. He said that no matter what President Joe Biden and others tell you, Americans are going to pay for this.The interview started with a clip of Treasury Secretary Janet Yellen assuring Congress that the banking system is safe. So, should we feel confident in our banking system?
TOM CLOUD PRECIOUS METALS UPDATE MAR 20th: Investors Move Into Precious Metals As Insurance Against Banking CrisisMarch 20, 2023
In Tom's most recent precious metals update, he explains why precious metals are the best forms of insurance during a massive banking and financial crisis. The Big Positive about having gold insurance, is that if you don't use it, you still get most (or more at times) the value of your premium back...
Gold had a big rally last week. But is it sustainable? What are the technicals saying?The data over the last several months continues to give insight into the market. November showed the market was in neutral, but then the December analysis correctly identified an impending move upwards, the January review called for a correction and then February concluded:
PRECIOUS METALS & BANKING CRISIS UPDATE MAR 19th: Key Fundamentals Why This Time Is DifferentMarch 19, 2023
While the Fed is trying to solve the banking crisis by providing liquidity, the bigger problem in front of us, can't be solved with money printing. Also, the next major shoe to drop may be in the massive Shadow Banking System. I explain the details in this week's Metals & Banking Crisis Update...
"I think gold is a good long-term hold, gold and other real assets with true value, such as land, gold and collectibles."
Given the potential impacts of the ongoing banking crisis, I will start this article with the conclusion.The current banking crisis could not have come at a worse time for the Comex system. Inventories have seen massive depletion over the last 2+ years as investors have slowly been pulling physical out of the vaults. I have previously called this a run on the vault but labeled it as a stealthy one. As though certain investors did not want to raise the alarm, but slowly take possession while inventory was still available.
On silver, the analysts remain medium-term bullish and recommend buying the dip, with a six to 12 month price target of $25 per ounce.
Risk aversion amid the banking crisis and lower US Treasury bond yields continue to boost the demand for the yellow metal. Since March 9, XAU/USD has risen more than $150 or 8%.
Investor sentiment remained fragile on Friday despite massive rescue for the banking sector, leaving global equities under pressure and gold prices at their highest since April and on track for bullion's largest one-week rally in four months.
Crypto Rallies Into Weekend, Bitcoin Heads for Its Best Week Since Early 2021Mar 17, 2023 - 13:06:10 PDT
Cryptocurrencies resumed their rally on Friday, climbing above the $26,000 for the second time this week.
Following the day-to-day twists and turns of a banking crisis can make us lose sight of the bigger picture.
At 6:33 a.m. this morning, this big, bold headline appeared at the very top of Bloomberg News web page: “How Dimon and Yellen Helped Secure $30 Billion Lifeline for First Republic.” This headline is part of a very long, highly questionable promotion of Jamie Dimon by Bloomberg News as the wunderkind of Wall Street banking.
U.S. Treasury Secretary Janet Yellen finds herself in a very dubious position. Under the Dodd-Frank financial reform legislation of 2010, the U.S. Treasury Secretary was given increased powers to oversee financial stability in the U.S. banking system. This increase in power came in response to the 2008 financial crisis – the worst financial collapse since the Great Depression
All together, tenants continued to owe nearly $11 billion in rental debt during the first two weeks of February, according to data by the National Equity Atlas. On average, renters who are behind owe $2,094.
Part of today's banking crisis was instigated by the Federal Reserve whose micro-management of interest rates created a balance sheet gap for some regional banks, institutions that have played a crucial role in powering our economy by working with small and middle size businesses.
"Politicians don’t care whether oil companies are greedy, or altruistic, or neither. Politicians care about using oil companies as a smokescreen to hide from the voters’ wrath." ~ Antony Davies
The Discount Window, Repo and FHLBS - A Guide to Funding Stress: BloombergMar 17, 2023 - 11:31:38 PDT
The scramble for cash over the past week saw US banks tap the Federal Reserve’s emergency facilities for a record amount of money, eclipsing even the levels seen during the 2008 crisis. They’ve also been hitting up the Federal Home Loan Banks system, another vital source of funding, in a way that’s prompted the institution to bolster its war chest in an unprecedented way. And pricing within various money markets from repurchase agreements to forward rate agreements has indicated that all is not well with the world of dollar funding.