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BIG PROBLEMS WITH COPPER PRODUCTION: King Industrial Metal Is The Canary In The Coal Mine For Gold & SilverJanuary 22, 2023
As the world hits the Energy Cliff, we are now witnessing Big Problems in the global copper industry. Not only is Chile, the world's largest copper producer experiencing continued declines in production, but recent protests have also led to the shutdown of copper mines in Peru...
Silver Prices Could Touch a 9-Year High in 2023 — With a Bigger Upside Than GoldJan 20, 2023 - 12:37:30 PST
Insufficient supplies of silver as well as its tendency to be a better performer than gold in periods of high inflation are key drivers supporting the outlook, analysts told CNBC.
Investors saw the gold price in sterling hit a record end-of-day high of £1,570.41 an ounce earlier this week, with the uptrend forecast to continue for now.
Jan 20, 2023 - 12:34:26 PST
A report by the World Gold Council about China’s gold jewellery market predicted a robust growth in Q1 2023 for China’s gold jewellery consumption.
Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of LaborJan 20, 2023 - 12:00:51 PST
The line for the self-checkout registers at my neighborhood Albertsons stretched into the store’s produce section. Is this human progress? I wondered, scanning my groceries—this just after I had filled my car’s gas tank at a not-so-convenient convenience store near work.
Taken together, 2-year yields look to be suggesting a peak in fed funds has happened again. Stay tuned!
Yellen Warns of ‘Global Financial Crisis’ if US Debt Limit Agreement Isn’t ReachedJan 20, 2023 - 11:44:32 PST
Treasury Secretary Janet Yellen on Friday warned of the widespread global effects that could be felt if the federal government exhausts extraordinary measures and fails to raise the debt ceiling, telling CNN’s Christiane Amanpour about the ways everyday Americans could face stark consequences.
Us Economy Will ‘Pay a Price’ in 2023 From ‘Misguided’ Pandemic Policies, Expert WarnsJan 20, 2023 - 11:41:10 PST
First Trust Advisors chief economist Brian Wesbury issued a bleak warning on the U.S. economy, Friday, telling "Varney & Co." the government's spending response to the COVID pandemic has put the nation on the brink of a "moderate" recession akin to the economic downturn of the early 1990s.
Today we had the good fortune to interview financial advisor Ted Oakley, managing partner & founder of Oxbow Advisors, who has over 40 years experience helping clients, mostly high net worth families, protect and build wealth through good times and bad.
Jan 20, 2023 - 11:33:38 PST
First, US default risk as measured by credit default swaps remains elevated (primarily because Biden and Democrats refused to cut wasteful spending or reign in non-retirees on Social Security). And NY Fed’s Reverse Repos remain elevated.
Banking Institutions Quietly Admit To Inevitable Recession Implosion In 2023Jan 20, 2023 - 11:31:28 PST
As the Federal Reserve continues its fastest rate hike cycle since the stagflation crisis of 1980, a couple vital questions linger in the minds of economists everywhere – When is recession going to strike and when will the Fed reverse course on tightening?
The stagnation at the global level during the fourth quarter of 2022 coincides with three major regional developments:...
At a stable price of .10 cents a can for 75 years between 1895-1970. Then Since the closing of the Gold Standard in 1971, a can of Campbell Tomato Soup has shot up over 1000 percent.
Jan 20, 2023 - 08:36:21 PST
The US on Thursday announced a new massive $2.5 billion arms package for Ukraine that includes Stryker armored combat vehicles for the first time. The tranche of weapons includes 90 Strykers and 55 Bradley Fighting Vehicles, which the US first pledged to send to Ukraine as part of an over $3 billion arms package that …
I find the self-anointed gatekeepers who claim to be the sole arbiters of the truth very amusing (also pathetic). Apparently if you want to accumulate unsustainable deficits, inadequately fund liabilities, print an infinite amount of money, and engage in never-ending wars, then you are a moderate, sound, sane, reasonable, and…
While traveling through Wonderland, Alice met Humpty Dumpty. He was reading the dictionary that he wrote...
Jan 20, 2023 - 08:19:23 PST
WASHINGTON—New data released Thursday showed prices have risen 13.7% since President Biden took office, as measured by the consumer price index (CPI). The overall price level declined 0.1% last month but increased 6.5% in 2022, a year which saw four-decade-high inflation.
Us Existing Home Sales: Suffer Worse Than the Worst Drop During the Great Financial CrisisJan 20, 2023 - 08:10:08 PST
US existing home sales dropped for the 11th straight month in December (-1.5% MoM - slightly less than expected thanks to downward revisions of previous months), leading to a record 34% drop year-over-year (worse than the worst drop during the Great Financial Crisis)...
The economic law that honest exchange demands only things of real value as currency cannot be repealed. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or Euros. The sooner the better.
Gold's estimated market cap is $12.1 trillion -- BRICS are estimated to hold over 80% of this $12.1 trillion in gold. India (the citizens, not the government) are the largest collective owners..