Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Markets pretty much ended the week where they started. Why? Bearish data, bullish hopes & shock over the FTX scandal have investors confused about where things are headed.
Nov 18, 2022 - 12:48:15 PST
Keynote Presentation by Ronald-Peter Stöferle. Sponsored by Incrementum AG
The London whistleblower confirms that Basel III regulations are now being implemented across central banks globally, forcing insiders to start backing up their claims with physical gold for the first time in decades.
The chart below shows the flow of U.K. consumer credit as compiled by the Bank of England. A positive net flow means that households are increasing their consumer credit holdings; a negative flow shows that, overall, they are repaying credit. Flows appear to be declining with credit card loans about to move into deflation mode. As the U.K. economy sinks deeper into recession, we fully expect debt deflation to grip the nation.
Price inflation that is only from supply chain bottlenecks would go back to pre-bottleneck levels after the issue is resolved. Price inflation that is in significant part from monetary expansion stays at a new higher level indefinitely.
JPM Makes 2023 Recession Its Base Case, Expects Million Jobs Lost By Mid-2024Nov 18, 2022 - 12:09:36 PST
First it was Deutsche Bank, then Bank of America; and while Goldman is still shoving its head in the sand and pretending that somehow a recession can be averted and the Fed can magically spawn a soft landing and that the Fed won't cut in 2023 (with the bank predicting back in October 2021 that the Fed wouldn't hike until Q3 2023) ...
“Existing-home sales fell again in October as reduced affordability pushes buyers out of the market. The outlook for housing is unfavorable.” ~ Robert Hughes
Home Prices Could Plunge 20% Amid Risks of ‘Severe’ Correction, Dallas Fed SaysNov 18, 2022 - 11:40:13 PST
U.S. home prices could tumble as much as 20% as the highest mortgage rates in two decades threaten to trigger a "severe" price correction, according to research from the Federal Reserve Bank of Dallas.
Fed’s Collins Expresses Hope That Inflation Can Be Tamed Without Hitting JobsNov 18, 2022 - 11:38:24 PST
The Boston Fed president expressed confidence that policymakers can tame inflation without doing too much damage to employment.
The Federal Reserve this year has raised interest rates at the fastest pace since the 1980s, making it increasingly expensive to borrow money as it seeks to slow consumer and business demand and drive inflation lower. So far, those moves are making more of a splash than a wave.
Trader Bets Millions On A Massive Pivot By The Fed, Expects 2% Rate By Mid-2023Nov 18, 2022 - 11:27:40 PST
On Thursday, St. Louis Fed President James Bullard sparked a slide in risk assets after he said policy makers should raise interest rates to at least 5% to 5.25% to curb the highest inflation in nearly 40 years. Meanwhile, as Bloomberg's Vincent Cignarella writes this morning, crude futures point to a recession, lower inflation expectations and a Fed soon to be on hold.
After a disappointing third-quarter reporting period, analysts are projecting that fourth-quarter U.S. earnings will decline for the first time in two years as rising interest rates and slowing growth further dampen the outlook.
If you are not watching this space, you won’t know what hits you when it hits you. Central banks, both the Fed and foreign, have morphed from the largest buyers of Treasury notes and bonds over the past two decades into the largest net sellers.
Just look at the ratio of call options to put options. The market is actually up this month, but bearish bets are building fast. The big picture: A measure of sentiment from the options markets shows that bets on falling stock prices have sharply outpaced those expecting prices to rise.
60% of Americans Are Living Paycheck to Paycheck Heading Into the Peak Shopping SeasonNov 18, 2022 - 09:13:09 PST
The rising cost of living is straining household budgets just as the season of spending kicks into high gear.
US Consumers Are Doing Exactly What They Did Just Prior To The Crash Of 2008Nov 18, 2022 - 07:23:33 PST
We never seem to learn from our mistakes. Just before the financial markets crashed and the economy plunged into a horrifying recession in 2008, U.S. consumers went on a debt binge of epic proportions. Mortgage debt, auto loan debt and credit card debt all skyrocketed, and so when the economy finally crashed all of a sudden there were millions of Americans drowning in bills that they were unable to pay. Well, now it is happening again.
US Existing Home Sales Are Crashing At Their Fastest Pace 'Since Lehman'Nov 18, 2022 - 07:22:55 PST
The first glimpse of October's housing market (after September's slump) is not a pretty one as US existing home sales in October collapsed 5.9% MoM (slightly better than the 6.6% expected). That is the 9th straight monthly decline in sales.
In which we see the collapse of FTX’s token as a symptom of America’s abandonment in its own currency of the principles of sound money.
Global demand for silver is expected to rise 16% this year to 1.21 billion ounces, creating the biggest deficit in decades, according to the Silver Institute on Thursday night.
October sales of Australian bullion surged to an all-time high for gold products and stayed strong for silver products, according to the latest figures from The Perth Mint of Australia. The Mint's bullion gains measured against divided previous metals prices with gold falling for the seventh straight month and silver rising for a second month...