Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
The dollar is the world's currency. As such, the Fed's monetary policy drives global economic growth and financial markets.
In the Red: The Federal Reserve’s Portfolio Joins the Rest of the MarketNov 18, 2022 - 05:53:03 PST
The Federal Reserve is on pace to lose somewhere in the neighborhood of $100 billion over the next year to eighteen months, as the yield on its portfolio of Treasurys and mortgage-backed securities is now being surpassed by the interest it pays banks to hold reserves in their accounts at the Federal Reserve...
As mortgage rates have risen this year, the buyer demand for homes has fallen. That has spelled trouble for the home construction business. Homebuilder confidence dropped for the tenth straight month in October.
Nov 18, 2022 - 05:50:33 PST
Meanwhile, equity put/call ratio from CBOE spiked yesterday to highest since 1997.
Fitch Solutions is turning more bearish on longer-term crude oil price forecasts, citing macroeconomic headwinds as primary risk for oil markets
Moody’s Analytiics Expects Power Prices In Europe To Stay Higher-For-LongerNov 18, 2022 - 05:46:09 PST
Europe is set to suffer from high power prices for years to come as the continent struggles to replace Russian natural gas.
Oil gave up early gains and was on track for a second weekly decline, pressured by concern about weakening demand in China.
Investors flocked back into equities at the fastest pace in about eight months on signs of cooling inflation, but Bank of America Corp. strategists warn the rally will fizzle out due to earnings risks and staunchly hawkish central banks.
The Financial Industry Regulatory Authority, Wall Street’s self-regulator, alerted its members to what it calls “a heightened threat of fraud” associated with unusual price spikes in small-cap IPOs on U.S. stock exchanges.
Fed To Lift Rates by 50 Basis Points, but Peak Policy Rate May Be HigherNov 18, 2022 - 05:37:04 PST
The Federal Reserve will downshift in December to deliver a 50-basis-point interest rate hike, but economists polled by Reuters say a longer period of U.S. central bank tightening and a higher policy rate peak are the greatest risks to the current outlook.
North Korea fired an intercontinental ballistic missile that landed near Japanese waters Friday in its second major weapons test this month that showed a potential ability to launch nuclear strikes on all of the U.S.
Japan's core consumer inflation accelerated to a 40-year high in October, driven by currency weakness and imported cost pressures that the central bank shrugs off as it sticks to a policy of ultra-low interest rates.
China’s money markets eased from recent highs, after the central bank provided liquidity to stem a bond selloff that threatened to spark panic among retail investors.
Nowhere better illustrates Wall Street’s febrile sentiment than the stock-derivatives market, where trading volumes are breaking records heading into Friday’s $2.1 trillion options expiration.
The make-or-break question for retail numbers has been how companies manage that inventory amid changing consumer spending patterns.
The G20 has issued a formal decree promoting vaccine passports as preparation for any future pandemic response in its final communique. Indonesian Health Minister Budi Gunadi Sadikin, speaking on the matter on behalf of the G20 host country, had earlier in the summit called for a "digital health certificate" using WHO standards.
People in the financial media tend to talk about inflation as an academic exercise. As a result, it's easy to forget that rising prices cause real pain for real people. And Americans are feeling that pain today. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey highlights some ways inflation is impacting regular people. He also explains why he thinks stagflation is the most likely outcome of this inflation fight.
There is this notion that we can simply move to "Coal to Liquids" to make up for the coming Energy Cliff. The idea is that we can switch to mining the hundreds of years of coal reserves to make our liquid fuels when oil production peaks and declines. Unfortunately, this is pure rubbish.
Nov 17, 2022 - 12:50:50 PST
Some stolen silver has been found in B.C. and Massachusetts but bulk of $10 million haul is missing...
Just a sniff of a Fed pivot sent gold to the high $US1,700/oz mark. What would an actual loosening on monetary policy do?