Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Global Rate-Hiking Cycle Will End by Early 2023, JPMorgan’s Kolanovic SaysNov 1, 2022 - 05:33:52 PDT
JPMorgan Chase & Co.’s Marko Kolanovic is joining Wall Street strategists who believe the most aggressive interest-rate hiking cycle in decades by global central banks is nearing an end.
What Fed Chair Powell Can Say To Keep the Stock-Market Rally Alive—Or Kill It: MWNov 1, 2022 - 05:32:30 PDT
Whatever Federal Reserve Chairman Jerome Powell says when he steps up to the podium on Wednesday is going to have ramifications for markets.
rallied ahead of what promises to be the Federal Reserve’s fifth-straight outsized rate hike later this week amid fresh warnings that a recession is inevitable as the central bank continues to tighten policy.
Chinese stocks roared back from a rout and the yuan strengthened as speculation mounted that policymakers are making preparations to gradually exit the stringent Covid Zero policy that’s been the biggest bugbear for investors.
Fed Expected To Again Raise Rates by 75 Basis Points Then ‘Lay the Ground for a Step Down’Nov 1, 2022 - 05:25:59 PDT
The Federal Reserve is widely expected to raise its benchmark interest rate by three-quarters of a percentage point for the fourth meeting in a row on Wednesday after two days of Federal Open Market Committee meetings.
Stock futures edged higher, with another batch of earnings Tuesday, Fed policy meeting and job data out this week.
NEWMONT GOLD PROFIT MARGIN FELL TO A LOW Q3 2022: Newmont Negatively Impacted By High Costs & Bleeds Cash To Pay Divid...November 1, 2022
This is a MUST SEE video update on the Gold Mining Industry as the cost to produce the King Monetary Metal is still relatively high. I thought we would see a considerable drop in the gold mining cost, but the results show that it did not happen with Newmont in Q3 2022...
A rare collection of silver objects believed to be from the Viking Age (8th-11th century) has been discovered in central Norway’s Stjørdal, near Trondheim.
Silver is at the heart of the global automotive industry. As the metal with the highest electrical conductivity, it is found in dozens of systems in modern-day vehicles. It is truly indispensable, and, as reported previously, demand for silver from this sector is growing rapidly and forecast to approach 88 Moz (2500t) by 2025.
Can the Dollar Once Again Be Anchored by Gold? One Congressman Believes It CanOct 31, 2022 - 12:54:55 PDT
On October 7, 2022, US congressman Alex Mooney (a Republican from West Virginia) introduced a bill (the Gold Standard Restoration Act, H.R. 9157) that stipulates that the US dollar must be backed by physical gold owned by the US Treasury.
There's talk that the next Fed rate hike will push the economy into recession. Alhambra CEO Joe Calhoun points out signs to look for before the beginning of a recession.
According to the World Bank’s latest Commodity Markets Outlook report, the shrinking value of currencies in most developing countries is driving up food and fuel prices at an alarming pace
OPEC held firm to projections that global oil demand will keep growing for another decade, and said it would be dangerous to abandon fossil fuels.
A diesel shortage and high diesel prices don’t bode well for the global economy, which could tip into recession at some point next year.
The UN has an interesting report on investments needed to address climate change. Let's tune in.
Annual inflation reached 10.7% in October, the European Union's statistics agency, Eurostat, reported Monday. That is up from 9.9% in September and the highest since statistics began to be compiled for the eurozone in 1997.
"The history of developed countries since 1970 is very discouraging about the prospects of bringing down 8 percent inflation," says Larry Summers.
"Truly addressing the savings problem doesn’t require more government involvement; it only requires that the government stop undermining our incentives to save in all the ways it does now." ~ Gary M. Galles
With nearly everything we buy costing more this year, Halloween is more of a trick than a treat. But we can’t cower in fear; instead, we need to make sure that, just eight days after Halloween, we scare the bejesus out of the Democrats by voting them out of power. It’s the first giant step toward ending this horror story that is the Biden administration’s assault on our wallets.
Oct 31, 2022 - 11:35:57 PDT
How bad is inflation under Biden? Consumer credit outstanding soared by 8.1% YoY in August as the inflation rate soared to 8.2%. Meanwhile, the personal savings rate YoY cratered to -59.3%.