Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
This marks the fourth peak week for the Q4 earnings season. If you recall, the fourth quarter reporting season stretches longer than any other, typically with four or five peak weeks vs. the three peak weeks seen for Q1 – Q3. This week we start to get results from the retailers, but there is debate as to whether those reports will be as rosy as the reading we saw on Retail Sales last week.
This chart is from our product called Big View. Coming into the FOMC, the sentiment for risk is neutral. A week ago sentiment was 100% bullish. A month ago, it was neutral leaning towards bearish. Amazingly, the sentiment and the persistent trading range in the S&P 500 are aligned. The S&P 500 failed the 23-month […]
Federal Reserve policymakers at their most recent gathering discussed concerns about the potential for prolonged partisan wrangling over raising the federal debt limit to disrupt the economy and financial markets.
U.S. Debt Is Over $30 Trillion. Who’s on the Other Side of Those Liabilities?Feb 23, 2023 - 05:28:17 PST
Is the U.S. going bankrupt? Does China own us? The devil is in the details, write Paul J. Simko and Richard P. Smith.
A Record Number of Americans Are Grappling With $1,000 Car Payments and Drivers Can’t Keep PaceFeb 23, 2023 - 05:26:45 PST
The number of people who are behind on payments is rising at a rate not seen since the Great Recession.
FRANKFURT (Reuters) -The European Central Bank made a loss last year as its own interest rate increases forced it to write down the value of some bonds and fork out billions of euros on balances created during a decade of money-printing, its annual accounts showed. While the 1.6 billion euro ($1.7 billion) loss was entirely covered by provisions, it raises questions about...
Underlying inflation in the euro area hit a record in January, revised data showed, likely cementing the European Central Bank’s plan to raise interest rates by another half-point next month.
Management of demand is not efficient in dealing with supply-driven price rises: fiscal policy must play its part.
U.S. to Expand Troop Presence in Taiwan for Training Against China ThreatFeb 23, 2023 - 05:18:12 PST
As tensions with China rise, about 100 and 200 troops will be deployed to bolster a training program for the island’s military.
At G20 Meeting, Yellen Steps up Calls for Increased Economic Aid to UkraineFeb 23, 2023 - 05:16:38 PST
U.S. Treasury Secretary Janet Yellen stepped up calls on Thursday for increased financing support to Ukraine to help it battle the year-old Russian invasion as the United States readies an additional $10 billion in economic assistance in coming weeks.
U.S. stock futures scrambled higher ahead of the open Thursday as Wall Street looked to rebound after four consecutive days of declines for the S&P 500.
Pictet Chief Strategist Luca Paolini says that while there’s a lot to be negative about these days, things aren’t as bad as they seem—even in the UK.
By owning gold, investors are not necessarily hedging against a government default but ironically betting the Fed will increasingly misuse monetary policy to help the government avoid defaulting. That may not be the exact thesis gold investors signed up for, but there is ample evidence linking gold prices to Fed behaviors, as I will share.
What will the next run in precious metals entail? How could it play out, according to the same metrics that can be used to measure what happened in the 1970s? Mike Maloney recently appeared on the Wealthion YouTube channel to discuss his new book, The Great Gold & Silver Rush of the 21st Century and to explain what he sees coming.
Every time the United States reaches its debt limit, we read that it is important to reach an agreement to lift it. The narrative is that the debt ceiling must be raised, or the US economy will suffer a severe contraction.
Feb 22, 2023 - 12:13:23 PST
Joe Biden is all too much like not only his predecessor, but the guy before him, and the whole institution going back generations.
Biden Slams Putin's New START Suspension As "Big Mistake"; State Duma Ratifies DecisionFeb 22, 2023 - 12:11:40 PST
n Wednesday remarks from Warsaw, President Biden addressed Putin's decision to suspend Russian participation in the New START nuclear arms control pact, announced the day prior.
No ‘Soft Landing’ Is in the Cards From Fed Rate Hikes. Look For Recession: MWFeb 22, 2023 - 12:03:19 PST
Many of the market's high-flying stocks were built on the Fed's easy money. That bill is coming due.
Many Commercial Mortgage-Backed Securities received inflated ratings from rating agencies due to the phenomenon of “ratings shopping.”
1 in 6 Retirees Are Mulling a Return to Work. What to Consider Before ‘Unretiring'Feb 22, 2023 - 11:58:59 PST
Top reasons given for thinking about employment include needing the money and boredom, according to the new report.