Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Just before the New Year, the Financial Times ran a piece noting that central banks were accumulating gold at a rate not seen in 55 years. In the third quarter of 2022, analysts estimate that almost 400 tonnes of gold were bought by central banks. That much gold would take around 16 semi-trailer trucks to [...]Read More...
ank of America Securities expects gold prices to head over $2,000 oz in the coming months on the back of developments in US interest rates and foreign exchange markets, it said today.
Demand for gold, which started to recover after the yellow metal made a triple bottom around $1620 back in November, extended into the new year with funds raising their net long by 8% to 7.8k lots, a seven-month high. Supported by momentum and the outlook for a friendlier 2023 for investment metals gold has been the star performer during the first week of trading.
Gold notched an 8-month intraday high on Monday as the precious metal's strong start to 2023 continued, buoyed by lower yields and a weaker dollar.
As we will explore in Part 2 of this analysis, Paul Volcker did finally crush inflation and how he did so is through taking measures so extreme that they are far beyond anything that is being discussed today.
Join Mike Maloney as he examines some extremely interesting data points for the gold and silver markets. Where are the prices for these metals headed in 2023?
Gold and silver markets got off to a strong start in the first couple days of trading this year before running into some selling pressure on Thursday – only to bounce back again on Friday morning.
Please consider Jerome Powell's speech on "Central Bank Independence and the Mandate—Evolving Views".
Jan 10, 2023 - 11:31:45 PST
As we are painfully aware, inflation is still high at 7.1% Year-over-year (YoY). To cope with inflation, consumers have been gutting their savings and increasing their use of credit. In November, c…
If the Fed succeeding is a "Black Swan," bring it on. What if the "Black Swan" of 2023 is the Federal Reserve succeeds? Two stipulations here:...
President Barack Obama returned from the 2010 G20 Summit held in Toronto having failed to convince world leaders that more “economic stimulus” was needed to cure what ails the world’s economies.
The personal savings rate is near seventeen-year lows. Credit card debt is at record levels. Millions of prime-age workers have quit the job market, and full-time employment continues to wither. On the other hand, the Biden Administration wants you to think things have never been better.
Jan 10, 2023 - 09:56:22 PST
Nouriel Roubini, CEO of Roubini Macro Associates and Professor Emeritus at NYU Stern School of Business, discusses his latest book, 'Megathreats,' as well as his outlook for 2023 and beyond. He discusses how investors can hedge against looming 'megathreats,' using commodities like gold.
he US cannot defeat China – PERIOD! With China now selling off US debt and shifting to gold, they are seeking to insulate themselves from any Western currency since Biden violated every international law to impose sanctions on Russia. China elected Xi Jinping because Pelosi when to Taiwan just before the election confirming that we are headed to war.
Many people have written in and asked why have I been unable to convince governments to avoid war. Quite frankly, they think they can win and more importantly, they need this because the entire socialistic system is collapsing. They rely on people buying their bonds year after year with no intention of paying anything back.
Jan 10, 2023 - 07:50:13 PST
The US and Japanese militaries are increasing cooperation to prepare for a possible war with China over Taiwan or other areas in the Asia Pacific, the top US Marine Corps general in Japan told Financial Times. Lt. Gen. James Bierman, commander of the Third Marine Expeditionary Force (III MEF) and of Marine Forces Japan, said … Continue reading "US Military Increasing...
The final act of the Democrat majority on the House Ways and Means Committee was to make public several years of Donald Trump’s tax returns, which the Committee obtained after a prolonged legal battle. The tax returns confirmed that, despite being one of the richest people in America, Donald Trump paid very little in federal income tax.
Jan 10, 2023 - 07:41:40 PST
Inflation was the dominant economic and financial issue of 2022 for most countries around the world, particularly for those advanced economies that have consequential impact on the global economy and markets.
Jan 10, 2023 - 07:40:19 PST
The NFIB Small Business Optimism Index is plunging and just fell below 90. The index was above 100 before the Wuhan virus outbreak in 2020, but has only been at 100 or above for only two months under Biden. And the trend is definitely looking bleak as The Federal Reserve fights inflation with M2 Money growth having collapsed to 0% YoY growth.
Jan 10, 2023 - 07:38:23 PST
The 2-year to 10-year inversion is one of the most widely followed recession indicators. It has been inverted continually since July 6, 2022. The 3-month to 10-year inversion is even more extreme. It has been continually inverted since October 18, 2022.