Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Just four months into fiscal 2023 and the US federal budget deficit is already approaching half a trillion dollars. This is a big problem for the Federal Reserve that few people seem to be talking about.
US & GLOBAL NATGAS MARKET HEADING TO GLUT OR SHORTAGES?? LNG Ports Loading Fewer Tankers As Natgas Inventories Well Ab...February 13, 2023
After the European Energy Crisis last year, consumers and investors wonder if the natural gas market is heading toward a "Glut or Shortage" this summer. In this update, I share the changing fundamentals in the U.S. and Global Natural Gas Market and the current situation in the LNG Shipping Sector...
The Federal Government ran a deficit of -$39B in January. While that may not seem like much, it looks worse when compared to the average January.
Rising Gold Prices in the Second Half of the Year to Pull Up Silver Too: CommerzbankFeb 10, 2023 - 12:47:55 PST
Silver has dropped back again this year. But strategists at Commerzbank expect increasing Gold prices to lift Silver too.
With new legislation introduced today, lawmakers in Kentucky are seeking to end the state’s controversial practice of imposing sales taxes on all purchases of precious metals.
The security device implemented on the edge of all genuine American Eagle gold and silver coins since 2021 shifted in location for 2022 coins and again for 2023 pieces, with little fanfare for the change.
Feb 10, 2023 - 12:41:43 PST
Almost five years ago I wrote a blog post titled, “BANG: Why The Gold Miners Could Soon Make FANG Look Tame.” A reader recently reached out to ask if I would post an update so here it is. The chart below plots two custom indexes: FANG (META, AMZN, NFLX, GOOG) versus BANG (GOLD, AEM, NEM).
Why the 1787 Constitution Did Not Bring Republican Government to AmericaFeb 10, 2023 - 12:38:53 PST
One of the many myths that schoolchildren are taught in the name of American exceptionalism is the idea that the Americans finally embraced a republican form of government at the Constitutional Convention in 1787. This, we are told, was revolutionary.
Are asset inflation and its bellwether, the euro, really heading into a new spring following a winter marked by the now-fading scare of Fed disinflation (alternatively described as “restrictive monetary policy”)? A computer powered by artificial intelligence might well conclude so, based on reading a million websites.
Feb 10, 2023 - 12:31:39 PST
FT: Baupost chief Seth Klarman warned last year’s sell-off ‘probably has further to go’ and that a sovereign debt crisis could lie ahead. Seth Klarman has told investors in his hedge fund that the Federal Reserve’s response to the 2008 financial crisis and the ensuing decade-plus of low interest rates had helped “erect a financial fantasyland”.
Consumers continue to absorb significant price increases by PepsiCo, Unilever and others. The companies say prices will remain high in the months to come.
There might be $1.6 billion in unreported tips out there, and most of that was probably collected by people who don't have an accountant on retainer.
"Will Congress actually cut spending? History suggests not. Economic historian Robert Higgs invented the term 'ratchet effect' to describe the way that government growth after a crisis tends to be locked in: the size of government never retreats to what it was before the crisis." ~ Jason Sorens
Today's Anti-Capitalists Want to Regulate What You Can Eat, How Often You Drive, & Where You LiveFeb 10, 2023 - 11:58:10 PST
It may sound cruel to say so, but such thinking closely mirrors that of the Khmer Rouge in Cambodia.
Feb 10, 2023 - 11:53:05 PST
Foreign Policy asks Are U.S. Sanctions on Russia Working? The debate is between Agathe Demarais, author of Backfire: How Sanctions Reshape the World Against U.S. Interests; and Nicholas Mulder, author of The Economic Weapon: The Rise of Sanctions as a Tool of Modern War.
Anybody who seriously thinks that Universal Basic Income (UBI) programs of the future won’t be full blown social credit systems need look no further than Brazil, where newly selected socialist / globalist Lula da Silva just decreed that the Bolsa Familia program will require family members to be vaccinated in order to continue receiving benefits.
Feb 10, 2023 - 11:42:00 PST
Part 2 of a Two-Part Look at: 1. Principles for Navigating Big Debt Crises, and 2. How These Principles Apply to What’s Happening Now.
Feb 10, 2023 - 08:37:18 PST
Biden’s State of the Union address saw him bragging about his record job creation (actually, it was the private sector, not Biden than created jobs) and historic unemployment rate. What Biden…
Russia's finance ministry said will reset the share of euro in its National Wealth Fund (NWF) starting from this year, leaving only gold, Chinese yuan and rubles, Russian media reported on Thursday.
Republicans on the House Budget Committee recently unveiled potential areas of spending the party could target as a battle over raising the nation’s debt limit heats up Capitol Hill. The Repu…