Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
As the Fed prepares to kick its balance-sheet runoff into high gear, some are worried that thinning Treasury-market liquidity could create a perfect storm. A growing number of traders, academics, and bond-market gurus are worried that the $24 trillion market for U.S. Treasury debt could be headed for a crisis as the Federal Reserve kicks its “quantitative tightening” into high gear this month.
U.S. SEC Proposes Clearing Reforms To Boost Resilience of $24 Trillion Treasury MarketSep 15, 2022 - 05:33:01 PDT
WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed draft rules to boost the use of central clearing in the $24 trillion Treasury market in a bid to boost its resilience. The proposals, which would apply to cash Treasury and repurchase agreements traded by a range of firms including broker dealers and hedge funds, follow liquidity...
The premium of the two-year Treasury yield over the comparable 30-year benchmark increased to a level unseen this century after short-end rates extended their climb in the wake of this week’s hotter-than-anticipated US consumer-price inflation data.
‘More Damage To Be Done’ As Sizzling Inflation Seen Lifting Treasury YieldsSep 15, 2022 - 05:30:40 PDT
Expectations of a more hawkish Federal Reserve are pushing some investors to revise how much further bond yields can rise, a potentially unwelcome development for already-battered equity and fixed income markets. The two-year U.S. Treasury yield, a bellwether for interest rate expectations, stood at 3.79% on Wednesday, putting it near its highest level since Nov. 2007...
With those put contracts expiring Friday, the activity of dealers turned more sensitive to the movement in the cash market. After the S&P 500 fell below 4,000 -- an area that harbors one of the highest open interest to roll out -- selling intensified, according to Steve Sosnick, chief strategist at Interactive Brokers LLC.
Ray Dalio came out with a gloomy prediction for stocks and the economy after a hotter-than-expected inflation print rattled financial markets around the globe this week.
U.S. stock futures struggled for direction Thursday morning ahead of several economic releases.
Some things never change — such as the federal government spending more money than it has month after month after month.August was no different. The US government ran a massive $219.6 billion budget deficit last month, according to the latest Monthly Treasury Statement. That nudged out July as the second-largest monthly deficit in fiscal 2022.
The CPI data for August came in hotter than expected, sparking the biggest market crash since the 2020 COVID lockdowns. The price of gold also dropped on the news in anticipation of the Federal Reserve taking interest rates higher. Peter Schiff talked about the inflation news on his podcast and said investors need to get gold now before the entry point rises a lot higher. Because at some point the markets are going to figure the Fed can't bend this inflation curve.
THE SINKING OF THE BAKKEN OIL SHIP: Forecast Of Production Growth Turns Into A DeclineSeptember 15, 2022
The Sinking of the Bakken Oil Ship has begun as the forecast of production growth this year has turned into a decline. This is certainly bad news because the U.S. was supposed to be the swing producer for the world, but is now struggling to maintain production. And, this will likely worsen in the years ahead...
Here with a short – and I think pretty interesting – follow up to the explainer video I released back in July on Series I Savings Bonds, otherwise known as I-bonds.
Comparing gold only to fiat currencies can only capture its properties so far. This is why we are comparing it to the iPhone.
The Swiss gold exports totalled 202 tonnes in July this year, registering more than two-fold surge when compared with 97 tonnes in the prior month. The exports touched the highly monthly level since December 2016. The primary driver was the 147% month-on-month rise in exports to China. Also, significant increases were recorded in exports to most major markets including India, Germany, Thailand, UK and Turkey.
Cathie Wood’s Contrarian Deflation Call Gets Endorsements From Elon Musk, Jeffrey GundlachSep 14, 2022 - 12:11:58 PDT
Jeffrey Gundlach and Elon Musk recently joined Wood's camp in calling for a decline for prices, expressing worries that the Federal Reserve might go too far.
“Everybody’s stressed and there’s lots of news. So, I think the increase in stress may be one of those things that’s causing more people to lose sleep,” Aneesa Das, professor of internal medicine at Ohio State University said in a media release.
Jay “The Inflation We Caused Is Transitory” Powell finally did it.
"As long as we’re stuck with a central bank, we should give it an unambiguous mandate and watch it like a hawk. Monetary policymakers answer to the people’s representatives, in Congress assembled. Let’s remind them." ~ Alexander William Salter
So far, sales are slipping, while prices are holding steady. But some economists warn continued historic rate hikes by the Fed could risk crashing the housing market, underscoring the difficult task ahead for the central bank.
Sep 14, 2022 - 11:40:43 PDT
James Taylor croons while the stock market burns after another ugly report on inflation.
Nearly 5,000 railway workers at the International Association of Machinists and Aerospace Workers (IAM) voted to reject a tentative contract agreement with railroads and authorize a strike, the union said Wednesday.