Precious metals news

To the day ahead now, and data releases include the global services and composite PMIs for February, and the ISM services index from the US. We’ll also get the Euro Area PPI reading for January. From central banks, we’ll hear from the Fed’s Logan, Bostic and Bowman, as well as ECB Vice President de Guindos, and the ECB’s Holzmann, Vasle, Muller and Wunsch. Finally in the political sphere, US President Biden and German Chancellor Scholz will be meeting at the White House.

Despite the hotter-than-expected CPI data for January, most people still seem confident that the Federal Reserve can win the inflation fight, drive CPI back to 2% in relatively short order, and then return to the easy monetary policy we all have come to expect. Friday Gold Wrap host Mike Maharrey does not share this optimism. In this episode, he outlines three reasons the Fed won't win the inflation fight.

With the Wind Industry in serious financial trouble, all hopes are focused on going really Big... actually, GARGANTUAN.  Vestas is now testing its massive V-236 15 MW Wind Turbine that will provide power for 20,000 homes.  Unfortunately, will high fossil fuel prices Kill the Wind Industry...

According to reports, the 24-carat devices, worth £175,000, have the player’s names, numbers and the Argentinian logo engraved on them.

Silver led the recovery in response to the China PMI report as it gave an even bigger boost to the industrial metal sector. The gold-silver ratio which yesterday hit a four-month high at 88.4 (ounces of silver to one ounce of gold) has since retraced to around 87 and in order to signal a proper reversal the XAUXAG ratio needs to break the uptrend from the December low, currently around 85.35. From a technical perspective, gold and silver as a minimum need to retrace 38.2% of the recent correction to signal an end to the current correction, in gold above $1864, and silver above $22.

Central bank gold demand in 2023 picked up from where it left off in 2022. In January, central banks collectively added a net 31t to global gold reserves  (+16% m-o-m).\

Over one hundred years ago, Austrian economist Ludwig von Mises discovered what causes the boom-bust business cycle. As Mises explained, the boom is caused by central and commercial banks creating money out of thin air.

The argument minimizing the risk of a war between major powers – that today’s globalized, interconnected world has too much at stake to risk a seismic unraveling – is painfully familiar. It is the same argument that was made in the early twentieth century, when the first wave of globalization was at its peak.

When profits are generated largely by accountants it may be time to worry about the economy.

The basics of middle-class life are too expensive. But more subsidies won't help.

KIA and Fiat have introduced digital metaverse dealer showrooms so customers can more easily shop for cars from the comfort of their homes. The two auto manufacturers are among the first organizations to justify the sales platform's use within their businesses.

Now that soaring rates have burst the commercial real estate bubble, the carnage is coming fast and furious.

Mortgage rates in the US increased this past week, further crimping affordability ahead of what’s usually the homebuying market’s busiest season.

It's become almost like clockwork: every two weeks we get some news that send Credit Suisse stock to new all time lows.

And the more debt we add, the faster the day of reckoning will arrive. Got gold?

So sorry, but the lifestyle of low-cost credit and all the goodies it could buy is permanently out of stock.

The shipbuilding industry cut a deal with the Jones Act. Thanks to that, goods are more expensive and natural disasters are harder to address.

South of the border, down Mexico (and Guatemala) way. What a mess in Washington DC. While House Republicans are at lagerheads with Senate Democrats and Resident Biden over Federal spending cuts, th…

As millions recover from exorbitant utility bills, the state is considering Southern California Gas Company’s (SoCalGas) request to raise monthly rates by 13.2 percent next year for the 5.9 million households and businesses it serves.

There's never going to be a one-size-fits-all situation when it comes to perfecting retirement, but there are different ways you can look at it to figure out what works best. Here's what it would cost the average American to retire.