Precious metals news

U.S. retirement assets have faced challenging conditions amid market headwinds—but over the last decade these assets have nearly doubled.

In this infographic, we show the key differences between stagflation, inflation, and deflation and how they impact the economy and investors.

Bulls better hope the current rally in the Nasdaq continues.

Federal Reserve Chair Jerome Powell holds a news conference on Wednesday following the closed two-day Federal Open Market Committee (FOMC) meeting and will discuss interest rate policies. Powell speaks about how The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday and gave little indication that it is nearing the end of this hiking cycle. Aligning with market expectations, the rate-setting Federal Open Market Committee boosted the federal funds rate by 0.25 percentage point. That takes it to a target range of 4.5%-4.75%, the highest since October 2007.

Since the last FOMC meeting on December 14th, a lot has changed for markets. While the dollar is lower and bonds are flat; gold, stocks, and crypto have all rallied strongly in an 'easing'-like move...

What a coincidence: just yesterday we presented the latest report from UBS economists showing that the job openings "data" collected and presented by Biden's Department of Labor is at best wrong (and at worst, manipulated propaganda meant to make the labor market appear stronger than it is), and that the reality is far worse than the BLS suggests, with real openings down 30% from the March 2022 peak and only 25% higher than the 2019 average.

Should bubble symmetry play out in the S&P 500, we can anticipate a steep 45% drop to pre-bubble levels, followed by another leg down as the speculative frenzy is slowly extinguished.

Next Zoltan focuses on what the West likely will do to combat the risks associated with a shrinking global reliance on dollars as the sole settlement medium for world trade.

Inflation is cooling, and parts of the economy appear to be weakening. But Chair Jerome Powell is likely Wednesday to underscore that the Federal Reserve's primary focus remains the need to fight surging prices with still-higher interest rates.

This takes some doing: San Francisco Bay Area house prices plunged faster from the peak than they’d spiked to the peak.

That pretty much says most of what you need to know. As of November, the Fed was still far behind the curve by any reasonable measure. Let's go through the math and my preferred measure of CPI that factors housing into the equation.

With only labor prints supporting macro surprise data, these Manufacturing indicators do nothing to support any 'soft landing' signals...

Amid the escalating debt ceiling standoff which is sure to culminate with fireworks some time in September, the Treasury announced on Wednesday morning that it would offer $96 billion of Treasury securities to refund approximately $67.1 billion of privately-held Treasury notes and bonds maturing on February 15, 2023.

After rebounding in December, ADP's employment report was expected to show slowing in January but the actual print was a major disappoint with only 106k jobs added (compared to 180k expected and an upwardly revised 253k in December).

Gold demand soared to an 11-year high in 2022 on the back of "colossal central bank purchases, aided by vigorous retail investor buying," according to the World Gold Council.

Gold held steady on Wednesday, as investors refrained from taking big bets ahead of the U.S. Federal Reserve's policy decision due later in the day.

Nassim Nicholas Taleb has a message for investors. Prepare for a painful return to reality. His comments come the same week that his long-time colleague and protege, Universa Chief Investment Officer Mark Spitznagel, warned investors that the market is a “tinderbox-timebomb” that could rival the unraveling of the 1930s era Great Depression given the boom in debt.

The Federal Reserve will likely push back against suggestions it will soon halt interest-rate increases and then start to ease policy by year’s end, according to DoubleLine Capital LP Chief Investment Officer Jeffrey Gundlach.

The US central bank is now losing around $1bn per week. In 2023 the Fed is likely to turn in its first annual operating loss since 1915.

Last year, hackers stole $3.8 billion in funds from crypto investors, up 13% from 2021 and marking a record high for the annual theft of digital coins.