Gold has all the potential to go unprecedentedly high. But silver will be gold on
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China imported 1,343 tons of gold in 2022, the highest import level since 2018. Total gold imports for the year were up 64% over 2021.China ranks as the world's biggest gold consumer.
There is apparently a new economic buzzword out there - supercore inflation.CNN says this is a buzzword we all need to pay attention to.Why?
The U.S. dollar’s devaluation, due to inflation and geopolitical tensions, will drive gold up considerably this year, says prominent hedge fund manager John A. Paulson.
Feb 13, 2023 - 13:03:43 PST
GoldSeek Radio Nugget -- Alasdair MaCleod: An international gold-backed currency could soon gain global hegemony.
Congress should simply direct the US Treasury to value its gold holdings, which are real, at real market prices.
he People’s Bank of China (PBOC) increased reserves by about 15 tons in January, according to data on its website on Tuesday, pushing its total to 2,025 tons.
Gold was just slammed hard in a sharp selloff, plunging over 4% in only two trading days! That really freaked out traders, gutting bullish sentiment and leaving them worried about more serious downside. It didn’t have to though, as gold’s powerful young upleg was increasingly due for a pullback. These are essential periodically to maintain uplegs’ health, keeping sentiment balanced to maximize their ultimate gains.
Feb 13, 2023 - 12:25:10 PST
According to a Yale School of Management study, in 2013 JPMorgan Chase had 1,339 hedge fund clients. As of July of last year, that number had soared to 4,281 according to the annual Convergence Inc. study.
Mark Thornton takes a look back at US stock markets, the national debt, and Fed policy (ZIRP, money supply, and its balance sheet).
Three Reasons Why Secession and Decentralization Are Better for Human RightsFeb 13, 2023 - 11:59:22 PST
[This article is the Introduction to Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities.] The world is now, and has always been, politically decentralized. At no time in history has all of humankind been ruled by a single political regime.
United States has told its citizens to leave Russia immediately due to the war in Ukraine and the risk of arbitrary arrest or harassment by Russian law enforcement agencies.
Risky assets may be in trouble now that one-off liquidity injections from global central banks that have been fueling a market rally in recent months have come to an end, according to Citi strategist Matt King.
By restricting private health care choices, the NHS and other beloved single-payer systems were doomed from the start.
There is an element of inevitability in play, but it isn't about central bank bailouts, it's about Death Spirals and the collapse of unsustainable systems.
NY Fed Survey Finds Household Income Expectations Plunge Most On Record As Inflation Seen Extending Drift LowerFeb 13, 2023 - 11:23:10 PST
With long-term inflation expectations (those 3-Years ahead or more) peaking more than a year ago, and even shorter inflation expectations - at least according to the NY Fed Survey of consumers - now sliding after hitting a record high 6.8% in June, we have seen a marked bounce in 2Y breakevens in recent weeks, which after recently hitting the lowest level in 2 years, have risen from 2% to 2.75% largely on the back of expectations for a bounce in commodity prices...
Bond Market a Tad Antsy about Inflation Not Just Vanishing? One-Year Yield Nears 5%. Mortgage Rates Back at 6.5%Feb 13, 2023 - 08:19:37 PST
“The equity market is refusing to accept this reality”: Morgan Stanley.
Feb 13, 2023 - 08:18:32 PST
On Friday, February 10, the BLS quietly revised the CPI higher for four of the past five months, with one month unchanged.
"Housing went into recession, but we have the offsetting lift on the services side, so that has kept the labor market afloat." "But we are going to continue to see weakness roll through the economy. And weather it's declared an official recession, it's almost an academic exercise at this point."
"Persistently higher real rates are required to restore price stability." Given that inflation in the Eurozone is 9.2 percent, "real" rates are -6.7 percent.
After an allegedly strong January jobs report and a Powell speech, let's look at rate hike expectations now vs a month ago.