Precious metals news

Most people have a sense of history that goes back about two weeks. This is especially true in the world of investing and finance. As a result, people have a hard time seeing the big picture. For instance, a lot of people think the current inflation crisis was only due to the Fed failing to respond fast enough. As Peter Schiff pointed out, this inflation was in fact decades in the making.
And as James Anthony pointed out, the current inflation problem along with all of the big economic crises that occurred in the 20th and 21st centuries have one commonality — progressive government coupled with monetary policies run by the Federal Reserve.

A lot of people seem to think that if the Fed had just started fighting inflation a little earlier, we wouldn't have seen the rapidly rising prices that continue today. The mistake, they say, was thinking inflation was transitory. But as Peter Schiff has pointed out, this problem didn't start last year, or even with the pandemic. This problem was decades in the making.
And at the root of the problem was year after year of easy money. Wall Street was drunk on cheap money for a decade and it is ultimately going to end in another financial crisis.

With diesel supply being a critical factor for global transportation, any shortages can disrupt the global supply chain.  This is especially true that U.S. and international diesel inventories continue to trend lower.  And, to make matters even worse, Europe plans another round of Russian sanctions that will cut off more diesel supply...

“How did you go bankrupt?”
“Very slowly at first, and then very quickly?”
The data shows that the Comex is in the middle of experiencing a run on its vaults that is really taking its toll and continuing to accelerate. If you read no further in this analysis, first just take a look at Figure 8 and Figure 18 - those two charts will tell you everything you need to know about the impact of the vault exodus.

The Fed is supposed to be reducing the balance sheet by $95B a month. This is up from $47.5B before September. As the chart below shows, the Fed has only succeeded in meeting or exceeding its goal a single time (August) in 6 months.
In the latest month, the Fed came up 25% short with a taper of only $72B. Even when removing the $10B increase of “Other”, which is a range of other instruments not related to MBS or Treasury, the Fed was still over $12B short of target.

Today, there are more people than ever that understand that silver has been artificially depressed in price and that are putting their money behind that understanding. This was not the case at all in 1980 or 2011 and just about guarantees that silver will soon lift off in price to the former peak levels and beyond. There has never been a set up like this before and it would be a shame not to take advantage of it.

If you believe inflation is here for years to come in some form, and you believe the repression of physical asset prices is coming to an end as a byproduct of a reset, regime change, new world order or whatever they want to call it; Then you must believe Silver will stabilize at a much higher price. This is not about a spike to $150 and a sell off 2 days later. Although that is something we will eventually see.

I’m bullish on it mainly because commodities are about the only area of the financial markets that haven’t seen a bubble, such as stocks, bonds, and housing. But I believe they will.

Gold prices were flat on Friday but headed for a second week of gains, as the Fed was expected to ease the aggressive interest rate hikes beginning December.

Prime Minister Narendra Modi and his government have been trying to convince gold-obsessed citizens — who collectively own the biggest private holding of bullion in the world — to deposit their treasures with banks and earn interest.

Massive federal deficits, funded by the Federal Reserve, have caused skyrocketing inflation under Biden.

Market Watch: 'Americans’ monthly expenses have outpaced their personal income growth,' said Kristi Rodriguez, senior vice president of Nationwide Retirement Institute

President Biden on Thursday predicted that a court fight over his student loan forgiveness program would be quickly resolved, and that borrowers would soon see their refunds materialize.

Those calling for a government-funded universal basic income are acting as though it’s a hot new idea. It’s not. It’s been tried before—and it didn’t work. In essence, universal basic income—also known as guaranteed minimum income—provides cash payments to all citizens, regardless of need.

Once upon a time, nearly 70% of all new builds were starter homes — single-family houses with 1,400 square feet or less that started at $6,990. But that was in the 1940s. Fast forward to 1980 and that share fell to 40%. Then, in 2019, the U.S. Census Bureau reported that a mere 7% of all new homes were represented by the small, entry-level homes that are affordable for first-time buyers — and the prices aren’t even remotely similar.

Steve Hanke, Professor of Applied Economics at Johns Hopkins University, updates the probability of a recession to above 90%, despite Thursday's preliminary Q3 GDP data release showing that real GDP grew by 2.6%, following two quarters of consecutive decline.

There is a greater chance of the U.S. Federal Reserve raising interest rates too far and tipping the economy into a recession, strategists and fund managers told the Reuters Global Markets Forum (GMF). "The biggest risk is that the Fed overdoes it since inflation tends to react quite slowly to higher rates, likely even more so this cycle given still not fully understood distortions to the...

The Biden Administration unveiled a new defense strategy Thursday that puts the U.S. military on a Cold War-footing with China and Russia, detailing a plan to confront two nuclear peer adversaries for the first time in history with a multi-year build-up of modernized weaponry, enhanced foreign alliances and a top-to bottom overhaul of the American nuclear arsenal.

Igor Sechin, chief executive of Russian oil giant Rosneft and one of Vladimir Putin's closest allies, on Thursday heaped praise on China's leaders and said Taiwan would return to its "native harbour" on time.

Beijing is eager to deepen the relationship with Moscow “at all levels,” China’s foreign minister said in a call with his Russian counterpart.