Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Fed Needs Mortgage-Backed Securities Exit Plan ‘Earlier Than Later,’ George SaysJan 24, 2023 - 05:27:41 PST
Kansas City Federal Reserve President Esther George has urged her colleagues to come to terms "earlier than later" on a plan for the U.S. central bank to exit the mortgage-backed securities (MBS) market and be more explicit on how bond purchases will figure into future monetary policy. "You can't just wake up one day and say, 'hey, we're going to get out of this business,'"...
A final dispatch from the World Economic Forum in Davos, and everything else to know in markets on Tuesday, January 24, 2023.
The U.S. Is Massively Underperforming Global Stock Markets, and Analysts See More of the SameJan 24, 2023 - 05:22:52 PST
U.S. stocks have fallen far short of their global peers over the past three months, a rarity in recent years, and analysts expect this divergence to widen over the course of 2023.
India's love for gold is well-known. It is the second largest gold-consuming country in the world behind China. But Indians also have an affinity for silver.Last year, silver imports into India hit a new record of 304 million ounces. That crushed the previous import high of 260 million ounces set in 2015.
The US economy runs on money printing and artificially low interest rates. Nowhere is that more obvious than in the housing market.With aggressive rate hikes in its war against price inflation, the Federal Reserve pricked the housing bubble and air continues to seep out. Existing home sales fall for the 11th straight month in December — the longest streak of declines in history.
SILVER ETFs CHANGED THE SILVER MARKET IN PAST 15 YEARS: Interesting Dynamics Taking Place In Global Silver ETFsJanuary 24, 2023
The way the market invests in silver changed drastically in the past 15 years. Unfortunately, many analysts in the precious metals community fail to realize that Silver ETF demand, or the lack thereof, is now the main fundamental driver of price...
Jan 23, 2023 - 12:42:36 PST
We have covered silver extensively in the last 2 years. Not only do we remain firmly bullish on silver, long term, we even turned out much more bullish as new data is coming in.
China stepped up imports of gold from Russia in 2022, data released by the country's customs agency on Saturday showed.
At first glance, gold and silver seem pretty fungible. They’re both hypnotically pretty. Their prices tend to rise and fall according to the same financial/political forces. They’re both seen as real money by a tiny (very wise) fraction of the population and as atavistic relics by the vast, ignorant majority. And – most important – they will both preserve their owners’ purchasing power when today’s fiat currencies evaporate like the fever dreams they always were.
RBC views potential for more robust M&A activity in 2023 following a muted year, particularly if recent strength is sustained. Since 1990, historical M&A activity..
"We deserve exactly the government we have insisted upon for all these years. We also deserve the heavy price that will come for our own irresponsibility in repeatedly re-electing this troupe. No partisan theater will ever sugarcoat that." ~ Antony Davies & James R. Harrigan
In 2022, central banks will have purchased the largest amount of gold in recent history. According to the World Gold Council, central bank purchases of gold have reached a level not seen since 1967. The world’s central banks bought 673 metric tons in one month, and in the third quarter, the figure reached 400 metric tons. This is interesting because the flow from central banks since 2020 had been eminently net sales.
Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We're supposed to be horrified and worried that the US might default on some of its debt. Some commentators will insist the US has never defaulted, and that default be a disaster.
The Fed is on track to post its first annual operating loss since 1915. Per our estimates, the loss will be large, perhaps $100 billion or more, and this cash loss does not count the unrealized mark-to-market losses on the Fed’s massive securities portfolio. An operating loss of $100 billion would, if properly accounted for, leave the Fed with negative capital of $58 billion at year-end 2023.
The International Monetary Fund (IMF) has warned about the optimistic estimates for 2023, stating that it will likely be a much more difficult year than 2022. Why would that be? Most strategists and commentators are cheering the recent decline in price inflation as a good signal of recovery.
A Bank of America analysis heralds “the most significant technological advancement in the history of money.”
Some observers have touted restrictions on how people can spend their money as an advantage of a central bank digital currency.
The inflation-adjusted income thresholds for the seven tax brackets jumped by more than 7% from 2022.
European Central Bank policymakers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next week's half a percentage point increase remain contentious.
We’ve all heard about how the dollar’s days as the world’s leading reserve currency are numbered. Much of the world wants a new monetary system that isn’t based on the dollar.