Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Gold prices have ripped higher over the past two months as expectations that the US Federal Reserve will slow its interest rate rises boosted the precious metal. Prices of the yellow metal have risen 15 per cent since November 3 to almost $1,900 per troy ounce, reaching the highest level since April 2022.
The U.S. dollar held its ground on Wednesday as traders waited for this week's U.S. consumer price data to see whether it will confirm that inflation is in retreat. The euro flattened against the dollar after a European Central Bank policymaker said the cycle of interest rate increases was approaching its end, while ECB staff published an article arguing that "very strong" wage...
Markets May Be Underestimating the Threat of High Inflation, Blackrock WarnsJan 11, 2023 - 05:45:36 PST
Inflation and peak interest rates will continue to pose a threat to the stock market in 2023 and cause further losses, according to BlackRock analysts.
Hedge fund billionaire Paul Tudor Jones likened Jerome Powell’s war against inflation to an attempt at a perfect moon landing, saying the Federal Reserve chair is facing the most challenging economic environment in 40 years
The Federal Reserve could cut interest rates this year, sending Treasury yields tumbling as the risks of a recession become ever more real, according to Jupiter Asset Management.
Getting the design of a digital pound right is a bigger priority than a rapid launch, Britain's Financial Services Minister Andrew Griffith said on Tuesday. China has pushed ahead with piloting a digital yuan and the European Central Bank is studying a digital euro, piling pressure on Britain to do the same and keep abreast of advances in financial technology.
While there’s hope that headline consumer-price gains have peaked, that’s not the case for underlying inflation, Holzmann said Wednesday. Officials must watch the latter very closely, he said.
Treasury Yields Slip After World Bank Warning Adds to Global Growth Concerns: MWJan 11, 2023 - 05:34:10 PST
U.S. bond yields fell on Wednesday as concerns about global economic growth lingered and traders looked ahead to U.S. inflation data.
The market volatility and interest-rate hikes that gave US banks their biggest windfall last year may prove to be their biggest headache in 2023.
“My 40 plus years of experience in finance strongly recommends that investors should look at what the market says over what the Fed says,” the DoubleLine Capital LP Chief Investment Officer told listeners on a webcast Tuesday.
Federal Reserve officials are making a full-court-press effort to convince investors they won’t be slashing their benchmark interest rate before year’s end.
Fed Chair Jerome Powell Goes Quiet As Bond Markets See Recession, Rate CutsJan 11, 2023 - 05:28:07 PST
Federal Reserve Chairman Jerome Powell said nothing about rate hikes during a speech in Stockholm Tuesday. His silence spoke volumes.
As Housing Markets Cool, Buyers See ‘Huge Increase in Concessions’: EconomistJan 11, 2023 - 05:26:03 PST
The combination of hot inflation and rising mortgage rates have really frozen the real estate market on both ends. One way to heat things back up, well, sellers are looking to give concessions away.
Staff at Goldman Sachs are bracing for news on whether they will keep their jobs on Wednesday, as the U.S. investment bank begins a sweeping cost-cutting drive that could see its 49,000-strong global workforce shrink by thousands. The long-anticipated jobs cull at the Wall Street titan, expected to represent the biggest contraction in headcount since the financial crisis...
Global stocks edged higher on Wednesday, underpinned by hopes that inflation was being tamed enough to ease the pace of interest rate hikes and reduce the chances of deep recession. As investors waited for Thursday's U.S. consumer price index (CPI), the dollar was steady, while gold scaled an eight-month peak on bets the U.S. inflation data will show a slowdown in price increases.
Business School Professor: Gold and Silver Will Be Important Portfolio DiversifiersJanuary 11, 2023
Business school professor Greg Harmon says investors should consider gold and silver as portfolio diversifiers in 2023.Gold and silver were among the best-performing assets in 2022. As Wall Street suffered through its worst year since 2008, gold eked out a small gain on the year.
Last year was a tough one for investors. In fact, it was the worst year for Wall Street since 2008. The Dow was down about 8.8%. The S&P 500 fell by 19.4%, dropping more than 20% from its high. The Nasdaq took the worst hit, tumbling by 33.1%. Meanwhile, the bond market tanked, bitcoin collapsed, and the air started coming out of the real estate bubble.Peter Schiff recently did an interview with the Epoch Times. He predicted more pain in 2023, primarily driven by inflation and the Federal Reserve.
The only thing these banks, including JPMorgan, can possibly do when the physical silver storm hits is to batten down the hatches, with everyone seeking shelter, as trying to vanquish a physical shortage 40 years in the making is simply not possible.
Jan 10, 2023 - 13:11:09 PST
Just now Zerohedge also posted an excellent write up of that report. In doing so they provide insight as why this gold is being hoarded. From: 'A Sanctions-Evasion War-Chest Ahead Of Taiwan Invasion' - Why Is China Hoarding Gold Again?