Gold has all the potential to go unprecedentedly high. But silver will be gold on
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U.S. stock futures sank Monday morning, with equities poised for more turbulence at open as fears of excessive Fed tightening and a wild run in currency markets rattle investors.
For years, the energy sector, and almost every other sector, has taken water for granted, viewing it as an abundant resource. But as we move into a new era of renewable energy, the vast amounts of water required to power green energy operations may not be so easy to find. And it’s not just renewables that are under threat from water scarcity, as it also hinders fossil fuel production and threatens food security.
Sep 26, 2022 - 05:26:25 PDT
A record-high number of people across six countries are either already starving or on the brink of disaster, a new report warns today.
The Fed has talked a big game lately. Many people (including me) assumed the Fed would fold a long time ago. There is a very good reason — the Fed will crush the economy and the US Treasury with higher interest rates.In reality, the Fed is holding a losing hand and trying to bluff its way to victory.
Last week the Fed raised interest rates another 75 basis points and continued to insist it was fully committed to doing whatever it takes to bring inflation back down to 2%. In his podcast, Peter argued that Powell still thinks he can pull off the impossible.He can't.
Even as the August inflation data was coming out higher than expected, President Joe Biden was bragging about his "Inflation Reduction Act." Peter Schiff appeared on NewsMax and argued that the president is putting Americans at risk just so he can improve his image as we approach election time.
The price analysis last month titled Caution Warranted in the Short Term, highlighted the potential risk in gold and silver after a rough July and early August. It concluded the path was much less clear. There were two possible paths forward: Gold could be range bound again between $1750-$1800, or, a hawkish Fed at the Jackson Hole summit could potentially crack $1750 and open up the door for new lows. As it turns out, it was the latter. The gold miners are definitely anticipating this.
ENERGY & MARKET UPDATE SEPT 25th: Americans Will Soon Face Same Energy Crisis That's Engulfing EuropeSeptember 25, 2022
Unfortunately, it's just a matter of time before Americans experience the same energy crisis engulfing Europe and other countries. With 20 million Americans behind on their electricity bills, this is just the beginning. Why will Americans face an Energy Crisis? Watch this video...
"The hoard dates to the late 1470s and was deposited during the conflict, fought between the Lancastrians and the Yorkists," Mr Mills said. "It is very unusual, comprising 21 coins with a face value of two shillings and threepence together with the gold ring," he added.
Benchmark prices in Shanghai have climbed to a premium of more than $43 an ounce over their London equivalent, the highest since 2019, according to data from the World Gold Council. Unusually, the two have steadily diverged over the course of the month, with the Chinese market remaining relatively firm despite pressure on international prices.
When asked about price inflation in his Sunday interview with 60 Minutes, President Biden claimed that inflation "was up just an inch...hardly at all." Biden continued the dishonest tactic of focuses on month-to-month price inflation growth as a means of obscuring the 40-year highs in year-over-year...
In some corners of the market, investors just don’t see how the Federal Reserve can lower inflation without risking high unemployment.
Investor Sentiment ‘Unquestionably’ at Worst Level Since 2008 Financial Crisis: BofASep 23, 2022 - 11:58:58 PDT
Investors are turning increasingly bearish on the state of the U.S. stock market as persistently high inflation and an aggressive Federal Reserve darken the economic outlook, according to Bank of America strategists.
‘Uncharted’ Sell-Off in U.S. Stocks Has Investors Wondering When the Pain StopsSep 23, 2022 - 11:57:08 PDT
A week of heavy selling has brought U.S. stocks and bonds to fresh bear market lows, with many investors bracing for more pain ahead.
Sep 23, 2022 - 11:52:17 PDT
The Federal Reserve Board hosts an event on Friday with representatives from a range of sectors to share their perspectives on how the pandemic has re-shaped the economy.
Federal Reserve Chair Jerome Powell provides opening remarks, and Vice Chair Lael Brainard and Governor Michelle W. Bowman each moderate conversations with leaders from nonprofits, small businesses, and the housing and education sectors.
Stocks Tumble To Session Lows The Moment Powell Opens His Mouth At Today's Fed LIstens EventSep 23, 2022 - 11:50:57 PDT
S&P futures, now clearly in widespread panic liquidation mode and searching for any excuse to sell off more, found one just after 2pm when Fed Chair Jerome Powell said that the US economy may be entering a “new normal” following disruptions from the Covid-19 pandemic.
Sep 23, 2022 - 08:53:16 PDT
The pair discuss liquidity, velocity, the Fed PUT, QT, who inflation hurts most, the stock market sectors most affected, who inflation hurts most and when recession hits.
U.S. agriculture has been facing a poor harvest this year, aggravating the global food supply crisis, industry executives have said.
It’s like a dam broke. And now higher interest rates and mortgage rates for much longer, with lower asset prices, as the Everything Bubble gets repriced.
Here’s What Costco Is Saying About Inflation — And a Membership Fee IncreaseSep 23, 2022 - 08:27:45 PDT
The view from Costco Wholesale, the warehouse retailer known for its competitive prices, seems as good as any to start. And the comments made by CFO Richard Galanti on its conference call suggest the Fed will still be in inflation-fighting mode for the rest of the year, though perhaps a pivot could come next year.