Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Oil rose for a third day after a report showed a drop in US crude inventories as market liquidity ebbs before year end.
Dealmaking Slips by Almost a Third in 2022 Marked by Volatility, InflationDec 21, 2022 - 05:36:00 PST
Stubbornly high inflation, soaring borrowing costs and geopolitical uncertainty hindered dealmaking in 2022, sending global mergers and acquisitions activity down by almost a third compared with last year’s record haul.
The global pile of bonds with sub-zero yields shrank on Wednesday as Japan’s two-year sovereign yield briefly climbed into positive territory for the first time since 2015. The worldwide stock of negative-yielding debt stood at about $686 billion on Tuesday, down from a peak of $18.4 trillion reached two years ago.
That’s the blunt message from top strategists at Morgan Stanley, Goldman Sachs Group Inc. and others, who are warning that stocks face fresh declines in the first half as corporate earnings succumb to weaker economic growth and still sky-high inflation, and central banks remain staunchly hawkish.
World’s Top Stock Strategist Says an ‘Earnings Recession’ Coming Similar to 2008 Financial CrisisDec 21, 2022 - 05:24:21 PST
Fortune: Corporate earnings are set to take a hit and Wall Street isn't properly anticipating it, Morgan Stanley's Mike Wilson warns. And when earnings fall, so will stocks.
Global shares rose on Wednesday, regaining some stability after the Bank of Japan rocked markets with a surprise decision to loosen its tight leash on government bond yields, pushing the yen to its biggest one-day gain against the dollar in 24 years.
Peter Schiff recently appeared on the Jay Martin Show. During the interview, he explains how the private sector can ultimately lead the world back to a gold standard.
While most central banks around the world have tightened monetary policy in an attempt to bring price inflation under control, Japan has done the exact opposite. But in a surprise move, the Bank of Japan widened its target range for 10-year Japanese bond yields, effectively raising the interest rate.The move strengthened the yen, put more pressure on a weakening dollar, and rattled the global bond market.
Silver gains strong positive traction on Tuesday and rallies to a fresh daily high, back closer to the $24.00 mark in the last hour. The white metal, however, trims a part of its intraday gains and retreats to the mid-$23.00s heading into the North American session.
“US inflation data for November were released at the very end of the week, with core CPI printing at 6.0% YoY compared to analysts’ forecast of 6.1%. This was particularly supportive for Gold since it was thought that it would further convince the Fed to slow the pace of tightening during its 13-14 December FOMC meeting.”
Business activity declined sharply in December. It signals an upcoming recession – a time that suits gold particularly well.
Record Central Bank Gold Rush Triggered by Fears of Western Sanctions: TelegraphDec 20, 2022 - 12:50:16 PST
Central banks snapped up more gold in the first nine months of 2022 than all the annual totals since 1967.
Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will echo the low-growth, high-inflation era of the 1970s.
A great madness sweeps the land. There are no limits on extremes in greed, credulity, convictions, inequality, bombast, recklessness, fraud, corruption, arrogance, hubris, pride, over-reach, self-righteousness and confidence in the rightness of one's opinions. Extremes only become more extreme even as the folly of previous extremes wearies rationality.
China is preparing for war in the style of North Korea. The entire nation is being indoctrinated as victims of injustices perpetrated by the West...
Dec 20, 2022 - 11:58:39 PST
Russia’s Foreign Ministry warned on Monday that Washington’s policies have brought the US and Russia to the brink of a “direct clash.” Russian Foreign Ministry spokesman Maria Zakharova made the comments in response to a statement from State Department spokesman Ned Price, who said last week that Russia was to “blame” for the deterioration...
Dec 20, 2022 - 11:57:22 PST
Congress unveiled on Tuesday a massive $1.7 trillion omnibus funding bill that includes $45 billion in new Ukraine aid, which will bring total US spending on the war to about $112 billion. The $45 billion is over $7 billion more than the $37.7 billion in Ukraine aid that the White House asked Congress to authorize … Continue reading "Congress Includes $45...
Dec 20, 2022 - 11:39:01 PST
China has consistently pointed to the US and NATO as the prime instigators of the hostilities. Xi Jinping personally told Joe Biden that the essence of the Ukrainian crisis was about Russia's and Ukraine's security concerns, whereas the problem arose due to provocations of the United States and Washington's unwillingness to understand Moscow's concerns.
Bill Gross Says Markets Are Headed For ‘Potential Chaos’ if Interest Rates Keep Going UpCDec 20, 2022 - 11:24:06 PST
The famed investor expects a mild recession could take a turn for the worse on tightening monetary policy.
If the economy plunges into recession next year as rates continue rising, some regulators fear that problems at unpoliced “shadow banks” could ricochet through the financial system or increase the number of lost jobs.