Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Mar 6, 2023 - 05:23:51 PST
Several shifts in alliances and bifurcations are happening right now which are going under the radar.
The dollar steadied on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell ahead of the February jobs report at the end of the week that will likely influence how much more the U.S. central bank will raise interest rates. After delivering jumbo hikes last year, the Fed has raised interest rates by 25 basis points at its last two meetings.
“Inflation and the future depreciation losses that will arise from the ECB’s monetary policy – adopted in violation of its mandate – will be the nail in the coffin of Europe’s prosperity and the end of the euro,” declared Alice Weidel, co-leader of Germany’s rightwing AfD party.
The unprecedented monetary easing by the Bank of Japan over the past decade has reshaped the nation’s lenders, from their asset holdings to loan income. That may be about to change as the central bank prepares to take on a new chief next month.
Lawmakers Unveil Plan to Keep Americans From Claiming Social Security Too EarlyMar 6, 2023 - 05:19:07 PST
Ideas include bringing back paper statements and changing confusing terminology.
"I think that the housing market has collapsed," Friedman told analysts on a December earnings call. "And it went down pretty viciously as interest rates have went up. It's just a lot of uncertainty right now. But one thing I'm certain of the housing market is collapsing at a level I haven't seen since 2008. I haven't seen this kind of drop since 2008."
Stock Futures Are Little Changed as Investors Look Ahead to Powell Comments, Jobs Data This WeekMar 6, 2023 - 05:13:45 PST
Wall Street is coming off a positive week for the major averages, where the Dow Jones Industrial Average snapped a four-week losing streak.
Note: This article has been edited with additional data reported by the World Gold Council released after publication.After charting the highest level of net gold purchases on record in 2022, central banks started out 2023 right where they left off.Central banks globally added another net 77 tons to their gold reserves in January, according to the latest data compiled by the World Gold Council.
The markets still seem to believe the Federal Reserve can ratchet price inflation back down to 2% while bringing the economy to a relatively soft landing. In his podcast, Peter Schiff throws cold water on this hopeful narrative. He goes through the economic data that came out last week shows that all roads appear to lead to a hard landing and higher inflation.
The much-anticipated debate is now posted, and it's up to each individual as to what they believe is the more important message. The discussion starts discussing the supposed billions of Grand Canyon Gold and then moves to market manipulation and why energy is so vital, even though most don't consider energy...
Gold Performance in Major Currencies, 2000-2023 YTD...
Mar 3, 2023 - 12:58:25 PST
Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023.
Soc Gen likes long gold this year, sayng that while gold can offer protection against systemic risk, and also in its favour:
Gold price shed more than 5% in February. XAU/USD is currently trading at a good $1,840, which puts it around $40 or 2% higher than on Tuesday. It app
The forecasts always draw a wide range of possible outcomes and 2023 is no different with the lowest annual average forecast for the gold price at US$1,594 and the highest at US$2,025.
The Idaho State House today approved a bill to enable the State Treasurer to protect state funds from inflation and other financial risks by holding some physical gold and and silver.
Mar 3, 2023 - 12:47:24 PST
Kiyosaki predicted that by 2025, bitcoin’s price will be $500,000 while gold will rise to $5,000 and silver will soar to $500. This year, he expects the price of gold to reach $3,800 and silver to hit $75. He said the holders of gold, silver, and BTC will get richer when the Fed pivots and prints trillions of dollars. In January, he said that we are in a global recession, warning of soaring bankruptcies, unemployment, and homelessness.
The U.S. Housing Market Is Crumbling Under the Weight of Higher Mortgage Rates & Affordability: MWMar 3, 2023 - 12:06:25 PST
Single-family home prices slid 1% in January, as compared to December 2022, according to data from Moody’s Analytics.
The U.S. Federal Reserve is "acutely aware" of the challenges high inflation poses to the economy and is "strongly committed" to its 2% target for price increases, the central bank said on Friday in its latest semiannual report to Congress on monetary policy and the economy.
Economic activity in the services sector expanded in February for the second consecutive month as the Services PMI® registered 55.1 percent. The sector has grown in 32 of the last 33 months, with the lone contraction in December.