Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
In 2020, tech-heavy hedge fund Light Street Capital Management posted a banner year on bets including Amazon.com Inc. and Alibaba Group Holding Ltd. Most Read from BloombergMilan Reports 50% of Passengers on China Flights Have CovidSouthwest Air Memos Showed Growing Alarm on Eve of Epic Winter Storm...
Euro zone government bond yields eased on Thursday in volatile trading, as investors weighed up how a more hawkish interest-rate outlook and higher supply next year will impact the broader fixed-income market. Yields on German 10-year Bunds, which serve as the benchmark for the broader euro zone, were down 1 basis point at 2.496%,...
Chinese stocks declined as traders fret the nation’s outbreak may derail a much-awaited economic recovery at home and abroad.
The Bank of Japan announced two additional rounds of unscheduled bond-purchase operations, fighting back against traders betting it will further relax its yield-curve control policy.
U.S. stock index futures gained on Thursday ahead of labor market data that will give clues on future interest rate hikes, while Tesla extended gains after top boss Elon Musk told staff to ignore the "stock market craziness".
(Bloomberg) -- Marko Kolanovic and John Stoltzfus, two of the loudest stock bulls on all of Wall Street, were convinced of one thing at the outset of 2022: The Federal Reserve would go slow, very slow, with its plan to lift interest rates. Nevermind that inflation had already soared to its highest level in four decades.
Peter Schiff recently said he is very bullish on gold in the year ahead.Obviously, I’ve been bullish for a while. But I’m even more bullish now to the extent that’s possible, based on what’s been happening.”Peter is not alone. Doug Casey also thinks 2023 will be "the year for gold."
Slow Pace of Balance Sheet Reduction Calls Into Question Fed's Commitment to Inflation FightDecember 29, 2022
Most people have focused on Federal Reserve interest rate cuts as it battles price inflation. But there is another element in the inflation fight most people ignore - balance sheet reduction.It isn't going well.
Dec 28, 2022 - 13:02:49 PST
Silver has gained strong momentum, moving from $18 to $24 in recent months. In 2023, the state of the global economy and industrial demand, as well as China's economic rebound, will impact silver's performance.
Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs).
Gold (along with silver) has been the core of the global financial system for millennia, an equivalent, an honest measure of the value of paper money and assets.
2022 Killed the Cheap Money Era. Here’s What the Next Decade Has in StoreDec 28, 2022 - 11:57:01 PST
“I think you occasionally get a turning of the investment and economic age, and we're at one of those now after over a decade of near-zero interest rates,” said George Ball, chairman of Sanders Morris Harris.
The 21st century, only 23 years old, has already had two giant, international housing bubbles. It makes one doubt that we are getting any smarter with experience.
A Swedish group that assesses catastrophic risks warned in its annual report this year that the risk of nuclear weapons use is higher today than at any point since the US dropped nuclear weapons on Japan in 1945, AFP reported on Tuesday. Kennette Benedict, an advisor to the Bulletin of Atomic Scientists who led the …
In just two years since 2020, when the Pentagon wrongly estimated that it would take China a decade to double its nuclear stockpile at the time of approximately 200 nuclear warheads, China has already doubled its stockpile.
Those hoping for a Christmastime government shutdown were once again disappointed when Congress passed a 4,000-page, $1.7 trillion omnibus appropriations bill that few, if any, Representatives and Senators read before voting on. The Republican leadership celebrated this bloated monstrosity because it spends $858 billion on warfare while “only” ...
US stocks fell for a second day in thin holiday trading and Treasury yields ticked higher, as hopes for a year-end rally faltered.
Purchasing power from paychecks fell for middle-income households in 2022, while rising for those at the bottom and top.
"The key point is that it is the central bank’s willingness to help finance government spending, not the spending itself, that drives inflation. In short: inflation remains a monetary phenomenon." ~ Bryan Cutsinger
"The Fed is a failed institution in need of major reforms. But we won’t make the right changes if we don’t understand the basic relationship between central banks and capital markets." ~ Alexander William Salter