Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Johns Hopkins University professor of applied economics Steve Hanke shares his outlook on the upcoming Federal Open Market Committee decision on interest rates and the current state of the money supply.
Inflation remains a big challenge for policymakers worldwide, a top International Monetary Fund official said after the lender raised its global economic growth outlook for the first time in a year.
A reversal in Japanese monetary policy would likely have major implications at a time when other central banks are withdrawing liquidity.
World stocks stumbled and bond yields edged lower on Tuesday as hotter than anticipated European inflation numbers jangled investor nerves ahead of a slew of earnings reports, central bank meetings, and key U.S. economic data. Investors broadly expect the U.S. Federal Reserve to raise interest rates by 25 basis points (bps) on Wednesday. Interest rate announcements are...
Comex Results: Gold Sees Massive One-Day Roll While Silver Adjustments Break RecordsJanuary 31, 2023
Strange activity continues at the Comex!Delivery volume for February was a little less than half the contracts open at first notice. 6,005 contracts were delivered with 7,370 remaining in open interest. This was a much larger relative delivery than December which saw less than a third of contracts delivered on the first day. Things seemed suspicious back in December, but this month had a potentially bigger red flag.
Why is there a labor shortage in the US?In a nutshell, a lot of people have simply dropped out of the labor market. They're not working.But why?
Gold demand grew by 18% to 4,741 tons in 2022, the highest demand in 11 years, according to data compiled by the World Gold Council.Massive central bank purchases coupled with strong retail investor buying and slowing outflows from ETFs drove overall demand higher.
He said that comparisons with other known examples from Wales indicate this to be of Viking date, around AD 800-1000. Assistant coroner Mr Lewis declared the ingot treasure.
silver prices could reach a 9-year high in 2023, outpacing the price of gold. Several factors are contributing to the potential rise in silver prices, including increased demand for silver in various industrial applications, as well as a growing interest in precious metals as a hedge against inflation.
Gold futures were little changed on Monday after clinching a sixth straight week of gains -- the longest such winning streak for a most-active contract since August 2020, according to Dow Jones Market Data.
The deepening "no limits" partnership between the rising superpower of China and the natural resources titan of Russia is being watched by the West with some anxiety, though it is unclear just how deep the partnership is.
Ukrainian President Volodymyr Zelensky on Sunday said Ukraine needs to secure the supply of new weapons from its Western backers and that arms deliveries need to speed up. “It is very important to maintain the dynamics of defense support from our partners. The speed of supply has been and will be one of the key …
With the ongoing financial turmoil and the potential start of another world war, gold is behaving as we would expect, showing exceptional strength.
Jan 30, 2023 - 11:38:37 PST
Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister. The world’s largest oil exporter has been pegged to the US dollar for decades. The kingdom is a pillar of the petrodollar system established in the 1970s that relies on pricing crude exports in the US currency, allowing the US dollar to be the world’s reserve currency. The Saudis are seeking to expand relations with crucial trade partners including Europe and China.
Jan 30, 2023 - 11:19:44 PST
Congressional Republicans say they want to cut spending to balance the budget. But they also say they won't touch military spending. Something's gotta give.
As we’ve noted before, while the level of outstanding corporate debt has rocketed higher since 2020, the short term outlook for corporate debt appears fairly sanguine. Via Daniel Lacalle:
Jan 30, 2023 - 11:16:40 PST
The claim that “too much” capitalism drives every economic calamity is standard among anticapitalists on both the left and the right.
All of the above reasons reduced the marginal propensity to work. And it's very inflationary.
"Recession Is On Its Way" - Dallas Fed Shows Factory Activity Slumps For 9th Straight MonthJan 30, 2023 - 11:10:59 PST
While the headline Dallas Fed Manufacturing Activity Index printed better than expected (-8.4 vs -15.0), it remains in contraction (less than zero) for the 9th straight month (the longest streak since 2016)...
2023 started with a buying-panic in bonds (approaching their best start to a year in over 30 years at one point) as confidence grew about The Fed's terminal rate (not as high as some feared) and a soft landing (growth cooling and inflation slowing)...