Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Shares of Domino’s Pizza Enterprises Ltd. plummeted the most on record in Sydney after the pizza chain operator said its first-half earnings fell as customers spurned price increases meant to offset inflationary pressures.
A gauge of US home-purchase applications tumbled last week to the lowest level since 1995 as the highest mortgage rates in three months hammered a housing market struggling to stabilize.
Expensive US equities are flashing a warning sign that could see the S&P 500 sliding as much as 26% in the first half of this year, according to Morgan Stanley strategists.
Fixed-income assets have gone into reverse as central banks around the world have stood by their intention to keep raising interest rates to tame inflation, defying bond bulls who piled into debt last month betting on a pivot. US Treasuries tumbled Tuesday on further signs the world’s biggest economy is proving resilient despite almost a year of policy tightening.
The yield curve is indicating a US recession could begin as early as June. The likely rapidity of its onset means the Fed will have to loosen policy sooner and by more than the market is currently pricing.
Minutes from the U.S. Federal Reserve's latest meeting out Wednesday are expected to detail the breadth of debate at the central bank over how much further interest rates may need to be raised to slow inflation and cool an economy that has remained stronger than expected despite tighter Fed policy. The two-day meeting ended on Feb. 1 with the central bank raising its target interest...
After suffering their biggest one-day drop of 2023, US futures rebounded in muted trading on Wednesday, boosted by a drop in rates (the 10Y just hit a session low of 3.92% after rising as high as 3.97%) and weakness in the dollar, even as investors awaited further clues on the direction of monetary policy from the Federal Reserve’s minutes due out at 2pm today.
MSCI's broad index of global shares fell 0.4% to head for its lowest since Jan. 20, while the index's broad gauge of Asia-Pacific shares outside Japan fell 1.3% to its lowest since Jan. 6. Europe's STOXX 600 share index fell 0.4% in early trade. Wall Street futures markets indicated the S&P 500 share index would drift 0.2% higher after dropping 2% in the previous session.
Any suggestion of returning the monetary system to a gold standard is immediately met with howls of protest. "It's impossible!" were told.But Bettina Bien Greaves who was a translator, editor, and bibliographer for economist Ludwig von Mises' works argues that there is no practical reason we couldn't return to a gold standard. The objections are almost all ideological. "If this basic obstacle could be overcome, however, a return to gold money would become a realistic possibility," she wrote.
Retail sales surged in January, creating the impression that the economy is humming along nicely. After all, there can't be a problem if consumers are out there consuming, right?But a lot of people are ignoring a key question: how are people paying for this shopping spree?
The data over the last several months has been spot on in predicting the moves in gold and silver. November showed the market was in neutral, but then the December analysis correctly identified an impending move upward, and the January review concluded that gold may need a breather before moving higher.So, what about this month?
Gold inventory in COMEX vaults declined by nearly 5% in a single month.This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.
WHAT ARE THE MOST PROFITABLE GOLD MINING COMPANIES 2022: Which Country Do They Belong To?February 22, 2023
What are the world's most profitable Gold Mining Companies, and which country do they belong to? Also, we show which gold miners are the least profitable and likely an excellent idea to stay away from. While the top gold miners' margins differ, many companies' costs are the highest ever...
Treasure Hunter Claims FBI Is Covering up Discovery of Civil War-Era Gold Worth MillionsFeb 21, 2023 - 12:56:17 PST
The FBI is covering up a trove of Civil War-era gold the agency dug up in Pennsylvania, one treasure hunter claimed – and he's determined to expose the alleged truth.
Gold prices eased on Tuesday as investors refrained from taking big positions ahead of U.S. data that could influence the Fed's rate-hike strategy.
The great bulk of the revenues of government, the very nub of its power and its essence, is taxation, to which we turn in the next section. Another method is inflation, the creation of new money...
Biden Turns to Private Businesses to Juice His Spending and Tax Incentive PackagesFeb 21, 2023 - 12:43:13 PST
Biden wants businesses to boost impact of massive programs.
In numbers and charts: The weight changes in the major CPI categories pushed up overall CPI.
It’s only the hyperinflation that gets to do the eating.