Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Euro zone bond yields rose on Wednesday, as investors cashed in on a rally the day before following U.S. inflation data that fuelled expectations for the Federal Reserve to signal it may raise rates more slowly. The Fed releases its decision on interest rates later on Wednesday. The central bank is expected to increase the federal funds rate by 50 basis...
The Federal Reserve will conclude its last policy meeting of the year on Wednesday on the back of a surprise drop in inflation, consensus around a slowed pace of interest rate increases, and markets primed for a coming halt in the monetary tightening. Fed officials signaled in recent weeks that they would raise the U.S. central bank's benchmark...
As expected, the Federal Reserve raised interest rates by 50 basis points at the December Federal Open Market Committee (FOMC) meeting. That pushed the federal funds rate to 4.5%. The last time rates were this high was in 2007. That's bad news for an economy addicted to easy money.While the pace of rate hikes slowed, the messaging coming out of the Fed was substantially the same as the November meeting.
Before digging into history, let’s look at the recent data. The latest seasonally adjusted inflation rate for November came in at 0.08%. The YoY rate was 7.17%, below median forecast of 7.3%.
President Joe Biden claims wages are rising faster than prices.It might be unfair to say he's lying, but he's certainly misrepresenting the facts.The fact is price inflation continues to eat away at your wages.
The Federal Reserve got just the news it needed to plausibly go forward with a soft pivot in its monetary policy and begin to slow its pace of rate hikes. But while price inflation appears to be retreating, it's far from beat.The Consumer Price Index (CPI) for November came in lower than expected, according to the latest data from the Bureau of Labor Statistics.
MAJOR FLAW IN THE WIND POWER INDUSTRY: Terrible Hidden Secret The Wind Industry Doesn't Want You To SeeDecember 14, 2022
There's a Dirty Little Secret the Windy Industry doesn't want you to know. Actually, it's not really a secret when you understand this single factor. This is such an important subject matter; I will make it available to Silver Members next week. Remember, Green Energy isn't a solution; it just makes the energy predicament worse...
WRONG... U.S. GOVERNMENT IS STILL SELLING SPR OIL, NOT BUYING: Another 15 Million Barrels To Be Sold This MonthDecember 14, 2022
If you thought the U.S. Government was getting ready to refill the Strategic Oil Reserve, think again. The Department of Energy plans to sell another 15 million barrels of oil this month to complete Biden's Plan to sell 180 million barrels. However, we could see more SPR Sales in the winter...
Dec 13, 2022 - 12:31:32 PST
Ole Hansen, Saxo Bank’s commodity strategist, says $3,000 gold is possible once markets realize that global inflation will remain hot for some time longer. Frank believes that gold could climb as high as $4,000.
It’s likely that the next cyclical, sustainable move higher in the precious metals sector has begun. The silver chart to illustrate why I think this may be the case with gold and silver.
No Surprise: Wall Street Wants to Raise the Target Inflation Rate Above 2 PercentDec 13, 2022 - 12:20:08 PST
Price inflation in the United States remains stubbornly high, with October's print at 7.7 percent. The Fed's preferred measure, so-called core inflation is only two-tenths of a percent below 40-year highs, at 6.3 percent.
The world's central banks ran up their risk, all together, and now the big risks they assumed are turning into losses all around the central bank club.
And So It Begins: Digital Currency Becomes Possible in our Future: Claudio GrassDec 13, 2022 - 12:10:36 PST
In mid-November, while the whole world was focused on the Ukraine crisis, the US midterms or whatever other “big story” the media decided was more important, a truly momentous shift took place in the global financial system.
The U.S. personal savings rate eased in September to 3.1 percent from 3.4 percent in August. In September 2021 the savings rate stood at 7.9 percent. By popular thinking, a decline in the savings rate during an economic slowdown is regarded as supporting economic activity.
If the FOMC paused raising rates at the December 12–13 meeting, the yield curve is already inverted enough to virtually guarantee recession next year, according to Arturo Estrella, a renowned veteran researcher from the New York Fed. Yet the FOMC seems determined to invert the curve even more by pushing short‐term rates a half‐point higher—even though, ironically, the Fed always cuts rates deeply in the wake of Fed‐orchestrated recessions.
Growing hopes that the eurozone’s red-hot inflation is nearing its peak could prompt European Central Bank policymakers to opt for a smaller rate hike on Thursday, observers said.
Chinese Leaders to Signal More Stimulus for 2023 as COVID Clouds OutlookDec 13, 2022 - 11:48:47 PST
When China's leaders gather this month to set next year's economic agenda, they will likely map out more stimulus steps, eager to underpin growth and to ease disruptions caused by a sudden end to COVID-19 curbs, policy insiders and analysts said.
Dec 13, 2022 - 11:45:07 PST
It will be very difficult for the CPI to decline with shelter and food rising as much as they are, especially if energy stabilizes. If the price of energy jumps in December, there will be another month-over-month jump in the CPI.
China's nuclear program has long been surprisingly modest. That's changing.
The Air Force last week successfully tested a hypersonic AGM-183A missile off the coast of southern California -- striking a target after reaching more than five times the speed of sound -- in a sign that U.S. weapons are catching up to similar Chinese and Russian capabilities.