Precious metals news

Some markets are already deep into it, others just started. A sobering trip from the free-money decade in la-la-land, back to normal.

Year-over-year growth in consumer spending, adjusted for inflation, outpaced pre-pandemic average. Month-over-month, growth spiked.

Let's review the recent personal income reports by the BEA in still more detail

OK, there is a lot of support but there is also huge resistance. From the point of view of a weekly trader, this would be a poor point to buy or sell given that it's half way between support and resistance with no good stop out point close by.

The gap between the VIX Put-call volume and CBOE Put-call ratio is the widest since 2006, the precursor of a major volatility spike.

US pending home sales rose 8.1% in January. At the same time, pending home sales declined -22.4% on a year-over-year (YoY) basis.

Longer-term bond yields continue to reflect an environment where inflation eventually comes back to target, and are not adequately pricing the likelihood it remains elevated and unstable.

After a shockingly large upside surprise surge (+5.6% MoM) in December, analysts expected preliminary January durable goods orders to tumble (-4.0% MoM). The actual print came in worse with a 4.5% MoM drop - the biggest drop since April 2020.

Gold fell to a two-month low on Monday as strong U.S. economic data sparked concern over further increases to interest rates by the Federal Reserve, clouding the outlook for zero-yielding bullion.

The dollar slipped from a seven-week high on Monday, as investors took stock of last week's strong U.S. economic data and the outlook for global interest rates.

The Reserve Bank of India was likely selling dollars via public sector banks on Monday to prevent the rupee from falling below 83 to the dollar, four traders told Reuters. The rupee was at 82.90 to the dollar, off the day's high of 82.9475. Due to the likely dollar sales by the RBI, the rupee was doing well compared with most of its Asian peers.

Central banks need to "get the job done" when it comes to getting inflation back under control, the Bank for International Settlements has said, urging them to avoid the mistakes of the 1970's by declaring victory too early.

Investors need to be ready for renewed global central-bank aggression should the inflation environment require it, according to a senior Bank for International Settlements official.

The headwinds for US equities are set to increase even further in March, with stocks coming under pressure from faltering earnings and high valuations, according to Morgan Stanley strategists.

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China accused the United States of "endangering" peace and stability in the Taiwan Strait after a U.S. military plane flew through the sensitive waterway on Monday, with the U.S. Navy responding that it had been in international airspace.

China has not moved toward providing lethal aid that would help Russia in its invasion of Ukraine and the United States has made clear behind closed doors that such a move would have serious consequences, White House national security adviser Jake Sullivan said on Sunday.

PJM Interconnection sounds the latest alarm that fossil-fuel plants are shutting down without adequate replacement power. The political class yawns.

Jerome H. Powell’s no-holds-barred response to the pandemic was made possible by history. It raises questions about the future.

A cohort of Wall Street’s emerging-market bulls is growing wary of calling a new dawn for riskier assets, opting for a more cautious approach to developing-nation currencies.