Gold has all the potential to go unprecedentedly high. But silver will be gold on
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“At the end of 2021, things looked rosy for the global housing sector. Across the 38 countries in the OECD, house prices were growing at the fastest pace since records began 50 years earlier.
The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months.
Americans are running out of longstanding “safety nets” — without infrastructure like pensions or Social Security, the impetus falls onto the individual to take on more responsibility, now more than ever, for their own retirement security.
The IRS raised retirement savings limits for 2023, but few people ever even reach them. Here's how you can change that to grow your money tax-free.
Ray Dalio, Founder of Hedge Fund Giant Bridgewater, Sees More Pain AheadNov 14, 2022 - 05:22:21 PST
The founder of hedge fund giant Bridgewater Associates sees more financial and economic challenges ahead as the era of free money ends.
Inflation Isn’t Going Anywhere. History Says It Could Take a Decade To Get Back to NormalNov 14, 2022 - 05:20:17 PST
The Fed and the markets alike anticipate inflation pressures abating significantly in 2023. History is not on their side.
Fed’s Waller Warns Inflation Fight Isn’t Over, Interest Rates Will ‘Keep Going Up’Nov 14, 2022 - 05:18:23 PST
“We’ve still got a ways to go,” warned Federal Reserve Governor Christopher Waller.
After running a $1.3 trillion deficit in fiscal 2022, the US government took up right where it left off to start fiscal 2023 — running a big budget deficit.The October budget deficit came in at $87.8 billion despite another month of healthy government receipts, according to the latest Treasury statement.
The October CPI data came in a bit cooler than expected, but the market reaction was hot and furious. Peter Schiff broke down the CPI data and the market reaction to it in his podcast. Despite the spin, Peter said the Fed isn't making any progress in fighting inflation.
CHINA NUCLEAR POWER: Don't Count On Nuclear Power To Prevent The Coming Energy CliffNovember 14, 2022
While the world is counting on China to be the "Leader" in future nuclear power generation... I wouldn't hold my breath. Unfortunately, China is dealing with the same issues of nuclear plant cost overruns and delays, just like the west. Thus, nuclear power generation will not prevent the coming Energy Cliff...
Three key takeaways:
Weekly Market Recap: Massive Rally As Inflation, Election & Cryptos Surprise MarketsNov 12, 2022 - 10:30:02 PST
What a week. Inflation fell more than expected. The elections were closer than projected. China took steps towards opening back up. And a Russian retreat in Ukraine sparked hope of a coming truce.
The Federal Government ran a deficit of $88B in October which is down significantly from the deficit last month that was a record for September due to the student loan forgiveness program. The deficit is also down compared to last October which was -$165B.
METALS & MARKET UPDATE NOV 11th: Don't Be Fooled... The Stock Market Crash Is Still Ahead & What Does That Mean F...November 12, 2022
Don't be fooled by this recent rally because the Stock Market Crash is still coming. Also, what does this mean for the gold and silver prices? Many precious metals analysts believe the LOWS in the metals are in, so we should prepare for much higher prices. I present my analysis of the metals and market...
Gold futures finished higher on Friday, holding ground at their highest since August and posting a gain of 5.5% for the week. Prices for the precious metal got a boost as the U.S. dollar fell to a more than two-month low on the back of the October consumer price index data released Thursday, which fed expectations that the Federal Reserve may slow the pace of interest-rate hikes. Gold for December delivery GCZ22 rose $15.70, or 0.9%, to settle at $1,769.40 an ounce on Comex, the highest most-active contract finish since Aug. 25, according to Dow Jones Market Data.
Nov 11, 2022 - 12:35:38 PST
Since 2010, central banks around the world have been stocking up on gold, recently at an accelerated pace. But Canada continues to shun the trend, writes Frank Giustra.
Nov 11, 2022 - 12:24:26 PST
The BIS has been an active trader of significant volumes of gold swaps on a regular basis, and the recent data indicates that there is a distinct possibility that its trading in gold swaps soon will end entirely.
In these times of growing confusion over the future of currencies’ purchasing power, it is time to remove all doubt in the definitions of the differences between money, currency, and credit.
Who wouldn’t want FREE money? Politicians love it and citizens gladly accept it. Stimmy checks?? The Government Accounting Office touts, “The federal government made direct payments to individuals totaling $931billion.” That does not include student loan forgiveness or other government handouts.
We’ve made it to November. The Fed continues its Quantitative Tightening (QT) path. With each passing day the cries for a Fed Pivot grow. On some level we must accept that the economic outlook for the near-term future does not look good. In 4 Months of QT Down, on October 5 the total balance sheet was standing at $8,759,053,000,000 ($8.76 trillion). The latest release on November 2 the balance stood at $8.68 trillion. The reduction in October is as follows: On October 5 the US Treasury (UST) balance was $5.634 trillion.