Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Oct 6, 2022 - 05:24:58 PDT
Markets have gotten giddy so far in October, dreaming of a dovish Federal Reserve. But they were abruptly woken up Wednesday.
“The U.S. housing market is being brought to its knees by the Federal Reserve,” said George Pearkes, a macro strategist at Bespoke Investments, who estimates “a fall of at least 10% more from here is probably something we can expect to see [in mortgage applications], although these processes take time.”
Futures Slide As OPEC+ Cut Sparks Gas Inflation Fears And "Tighter For Longer" FedOct 6, 2022 - 05:15:22 PDT
Two days ago, when stocks were melting up even as oil was storming higher and threatened to rerate inflation expectations sharply higher, we mused that algos were clearly ignoring this potentially ominously convergence.
The August Trade Deficit fell for a fifth straight month to -$67.4B. The Deficit is now down an 37% from the high struck back in March.As shown by the chart below, this is mainly driven by a fall in Imports as Exports have stayed relatively flat.
Gold demand in India was healthy in September and the outlook is strong moving forward.Healthy retail demand in September drove the local price briefly into a premium of $2 to $3 per ounce early in the month. It was the first time gold had been in premium since May.
Federal Reserve Chairman Jerome Powell knew fighting inflation would cause big problems in a bubble economy loaded up with debt. He put it off as long as he could, calling inflation "transitory." But once inflation became a huge problem, the central bank had no choice but to get into the fight and start tightening monetary policy. The problem is, the Fed's plan won't work. And one reason it won't work is the massive national debt.
U.S. SHALE GAS DECLINES GOING FROM BAD TO WORSE: Offsetting The Massive Decline Will Become Impossible In A Few YearsOctober 6, 2022
Americans have no idea just how bad the situation is in the U.S. Shale Gas Industry. The U.S. economy and electric grid are being propped up by an energy source that suffers such a high rate of decline; production will likely peak within the next few years...
Gold and silver have both seen big turnarounds this week, with gold hitting a three-month high and silver seeing a huge surge.
These meaningful gold allocations reflect institutions’ mounting concerns about inflation and their increasing need for effective portfolio diversifiers at a time of pronounced uncertainty about both short- and long-term market direction.
Peter Schiff of Euro Pacific Capital and Bart Melek of TD Securities discuss inflation and central bank tightening — and what those factors mean for gold prices.
So, if you are playing this market, just remember, in times like these, stocks don’t take the elevator down when things turn ugly; they take the firehouse pole.
Most people don't realize that the banking system issues have not really been fixed. You must understand the relationship you have with your bank as well as..
The World Trade Organization forecast a slowdown of global trade growth next year as sharply higher energy and food prices and rising interest rates curb import demand, and warned of a possible contraction if the war in Ukraine worsens.
The on-again, off-again Elon Musk purchase of Twitter has occupied the minds on both sides of the free speech debate. Musk calls himself a "free speech absolutist," sending mainstream media and pro-censorship commentators into a panicked frenzy. What are they afraid of? Also today: Oil production cuts have Biden Administration steaming mad and Berlin complains to Washington about high energy prices.
the White House is “having a spasm and panicking” as the most senior US energy, economic, and foreign policy officials lobby against production cuts, which some draft talking points frame as a “total disaster” that could be taken as a “hostile act.” Indeed, the US is reportedly “taking the gloves off,” and language used also includes the phrase that: “There is great political risk to your...
America’s supply chain crisis is far from over. Persistent backlogs at West Coast ports have led shippers to reroute their cargoes to the east. As a result, container ships now sit offshore at ports such as New York, Houston, and Savannah, waiting in queue to offload.
The Biden Administration and its national security state controllers are determined to escalate the conflict in Ukraine. In addition to sending billions of dollars worth of armaments and munitions to a coup regime dependent on the brutality of neo-Nazi battalions, on Monday it was reported Ukraine will allow the Pentagon to designate targets.
TAIPEI, Taiwan (AP) — Taiwan’s defense minister on Wednesday said the island will respond to incursions into its airspace by Chinese warplanes and drones, but gave no details on specific actions. Responding to questions from legislators, Chiu Kuo-cheng said China’s newly aggressive stance had changed what Taiwan would define as a “first strike” that would necessitate a response.
American officials are intensifying efforts to build a giant stockpile of weapons in Taiwan after studying recent naval and air force exercises by the Chinese military around the island, according to current and former officials.
"Even the best set of rules and the tightest, most targeted, narrowly circumscribed mandate won’t be enough unless central bankers are willing to emulate something akin to judicial restraint." ~ Samuel Gregg