Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Inflation Inferno Scenario: If Democrats hold the House and Senate, expect a barrage of highly inflationary free money handouts will pass Congress via reconciliation maneuvers. Do not dismiss this possibility outright. 29 percent is nothing to sneeze at. Even if you think Silver is way off, even 15 percent chances happen 15 percent of the time by definition.
Importantly, it's not national motivation to vote that matters. Turnout in a mere 24 districts will decide whether Progressives unleash inflation or not.
Oct 17, 2022 - 10:33:07 PDT
Bloomberg Economics sees near certainty downturn will start Tightening conditions, inflation, hawkish Fed weigh on outlook A US recession is effectively certain in the next 12 months in new Bloombe…
Oct 17, 2022 - 08:11:42 PDT
The Empire Strikes Out! The US Empire State Manufacturing Survey General Business Conditions SA index fell to -9.1 in October, continuing a downward trend along with the downward trend in Fed M2 Mo…
Oct 17, 2022 - 08:09:11 PDT
It’s beginning to look a lot like winter. Perhaps we should call Biden “Frosty The Snow Man” because it is going to be a miserable winter for the middle class and low wages worker…
Oct 17, 2022 - 08:07:32 PDT
This one’s going to hurt you for a long, long time. Over the past year, the dollar has been on a tear: The U.S. Dollar Index, which measures the dollar’s strength against a basket of foreign …
The World Gold Council has a plan to make trading more liquid, starting with the $500 billion in gold bars beneath London. Critics say it’ll meet stiff resistance. Trading on one of the world’s oldest markets depends on a network of high-security vaults located underneath Greater London. There, some 50,000 gold bars, each worth more than $650,000, change hands every day among the four big banks in charge of processing transactions.
It would have been a nonevent; inconsequential. Confirming New Cycle Dynamics, the Truss government’s “mini budget” has unleashed absolute mayhem. Pension funds blowing up. Emergency central bank rescue operations. Global market instability. UK’s Treasury Secretary sacrificed after a mere 38 days, while an entire government hangs in the balance.
This Just in: Globalists to Give “Helicopter” Ben Bernanke a Nobel Prize!
The lengths to which globalists and governments will go to in justifying digital ID are seemingly never ending from climate & COVID to cyber & CBDC.
The IMF has touted central bank digital currencies (CBDC) as a path to financial inclusion, but there could be sinister control and surveillance implications.
Rising borrowing costs and constrained energy supplies are heightening the chances for a recession.
n the all-hands-on-deck economics of the pandemic, governments and their central banks shared the same goals. Now they’re starting to pull in different directions.
This Dramatic Chart Reveals U-Turn in the Housing Market As Sellers Slash Home Prices: MWOct 17, 2022 - 05:30:37 PDT
The chart, from Redfin, shows how higher mortgage rates and a pullback in buyer demand, has forced sellers to cut prices to entice bids.
President Xi Jinping had a clear message to those who want to thwart China’s rise: You will fail.
Oct 17, 2022 - 05:26:02 PDT
Global central banks are clamoring to implement digital currencies while choosing to ignore gold's 5000 year track record stability and excellence.
While Japan's finance minister may have found allies grumbling over the fallout from the Fed's rate increases, he conceded that no plan for coordinated intervention was in the works.
When the Swiss National Bank started drawing on a dollar liquidity swap line it has with the Federal Reserve, analysts and traders wondered why Swiss banks suddenly wanted dollars.
The central bank swap line lets Swiss banks and insurers borrow dollars short-term through the SNB.
Oct 17, 2022 - 05:22:19 PDT
Statements by chancellor Jeremy Hunt and the Bank of England have seen 30-year gilt yields fall back substantially today.
It started out simply enough: British pension schemes were looking for a way to match their assets to future pension payments.
The European Central Bank must press ahead with raising interest rates and reducing its balance sheet to ensure inflation expectations don’t unanchor and demand a more aggressive policy response, according to Governing Council member Joachim Nagel.