Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Even the wealthy are living on the edge, it’s time to get your finances sorted before you fall off.
Online Prices in US Jumped 2.1% in August Led by Surge in Groceries: bloombergSep 12, 2022 - 07:44:37 PDT
The sharp monthly increase pushed the annual rate of online inflation up to 0.4%, Adobe said. The previous month, online prices had declined from a year earlier for the first time since 2020. Before the pandemic, the price of goods bought via e-commerce had been falling steadily for several years.
Sep 12, 2022 - 07:38:45 PDT
Overall, taxes accounted for about 25 percent of average consumer spending.
All of these are structural dynamics that won't go away in a few months or years.
Gold gained as the dollar continued to retreat from a record high ahead of US inflation data that could bear on the Federal Reserve’s monetary policy.
Zoltan Pozsar Sees a New Dollar Regime. His Longtime Collaborator Disagrees: BloombergSep 12, 2022 - 05:47:17 PDT
Credit Suisse AG strategist Zoltan Pozsar reached a new level of fame this year, pushing a vision of a burgeoning monetary order that he calls Bretton Woods III. Boston University professor Perry Mehrling just doesn’t see it.
Homebuyers globally are pulling back as central banks raise interest rates at the fastest pace in decades, sending house prices falling.
The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
Some traders worry that the $25 trillion U.S. Treasury market is becoming more fragile, and the Federal Reserve’s removal of support could make it worse.
The European Central Bank delivered an unprecedented three-quarter-point interest-rate hike this week, and another steep adjustment next month remains a distinct possibility in an escalating assault on rampant inflation.
Currency shifts were behind the 1997 Asian financial crisis and played a role in the Russian financial crisis of 1998, which took down giant U.S. hedge fund Long-Term Capital Management. With stocks and bonds both falling, investors looking for havens have scooped up the U.S. currency. As the world’s reserve currency, the dollar is used to trade commodities across country lines.
The European Central Bank’s jumbo increase in interest rates last week was designed to keep inflation expectations anchored, according to Vice President Luis de Guindos.
The yen may be near 24-year lows, but Japan's central bank is not even close to trying to support it with higher interest rates. That is the message from three sources familiar with the thinking of the Bank of Japan (BOJ), and it was strongly implied by the country's top foreign exchange diplomat last week and indeed by central bank chief Haruhiko Kuroda in July.
US inflation data in the coming week may give the Federal Reserve mixed signals ahead of a potential third-straight jumbo interest-rate hike, with a broad measure of consumer prices likely to simmer down even as a gauge of underlying pressures accelerates.
Americans Are Feeling Poorer: Household Wealth Shredded by Inflation and Fed Tightening: MWSep 12, 2022 - 05:27:20 PDT
Net worth falls by a record $8.7 trillion as high inflation and the stock-market crash offset gains in house prices.
These Are the 10 Major Housing Markets That Just Saw the Biggest Declines in Home Equity: MWSep 12, 2022 - 05:24:36 PDT
As home prices soared in recent years, homeowners enjoyed record levels of tappable home equity, which is the amount of money a homeowner can borrow against while keeping a 20% equity stake. One big reason why tappable equity is down is, of course, that home prices are down.
U.S. stock futures gained Monday as Wall Street inched closer to highly-anticipated inflation data this week.
The recent death of Queen Elizabeth II is squeezing gold and silver bullion coin markets that were already strained by tight supplies.There was an immediate and dramatic surge in demand for gold and silver bullion coins bearing the queen's effigy upon her passing. According to News.com.au in Australia, "Collectors are scrambling to get their hands on coins with Queen Elizabeth’s face as prices skyrocket after her death."
SILVER MARKET NOW EVEN MORE EXTREME: Silver SLV ETF Short Position Surges Even HigherSeptember 12, 2022
If you thought the Silver Market couldn't get more Extreme... think again. With the newest data just out, the short positions against the iShares SLV ETF surged to a new high of 60 million. This represents nearly 12% of all the outstanding shares. Unfortunately, some traders are now holding onto significant losses as the silver price jumped more than $1 today...
American consumers continue to cope with rising prices and prop up the sagging economy using their credit cards.Total consumer debt rose another $23.8 billion in July to a record $4.644 trillion, according to the latest data from the Federal Reserve.