Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Are the markets laying a trap here? Financial advisor Lance Roberts thinks they may be. In fact, he's concerned over the high degree of uncertainty of the current environment. It's one of the most challenging he's seen in his career in terms of making capital allocation decisions.
BREAKING NEWS MARKET UPDATE SEPT 11th: Something Is About To Break In Silver Market As European Energy Crisis WorsensSeptember 11, 2022
Not only has Smart Money become Net Long in Silver, they are also long in other metals. So, why does there continue to be a massive short position against the Silver SLV ETF? Good question. There seems to be an enormous, record Hedge bet on the market for a Crash; thus, investors think the silver price will continue to fall. But will it...
Sep 9, 2022 - 12:50:41 PDT
Here it is worth reminding ourselves that gold remains very cheap relative to the general stockmarket, which we can easily do by looking at the 20-year chart of gold divided by the Dow Jones index. Just by itself this chart suggests that gold and gold and silver investments generally make more sense for investors going forward, especially those taking a longer-term view.
There is one piece in Putin's jigsaw yet to be put in place: a new currency system to protect Russia and her allies from an approaching Western monetary crisis. This article argues that under cover of the West's geopolitical ineptitude, Putin is now assembling a new gold-backed multi-currency system by combining plans for a new Asian trade currency with his new Moscow World Standard for gold. ...
Central Bank of the Republic of Türkiye (CBRT) has become the central bank that bought the most gold in the first seven months of this year, as the central bank's demand for gold remained robust in July, according to official data.
Australian bullion sales in August picked up for a second straight month for minted gold coins and bars but slowed for minted silver coins and bars, according to the latest figures
The "Scariest Paper Of 2022" Reveals The Terrifying Fate Of Biden's Economy: Millions Are About To Lose Their JobSep 9, 2022 - 12:27:52 PDT
... because what Biden calls "the strongest economic recovery in recent history" is - even according to Democrats - about to be the biggest economic disaster in modern history.
Sep 9, 2022 - 12:15:57 PDT
Clarida ducked hard questions on the Fed's role in this mess while admitting he got the inflation picture wrong. Clarida also supported fiscal stimulus, the last round of which was the big problem. No one at the Fed saw this coming and they ridiculously kept kept QE going all the way to March of 2022. So yes, the Fed has an enormous credibility problem and Powell understands that.
Treasury Secretary Janet Yellen praised Biden administration's economic policies Thursday during a speech at a Ford Motor Company electric vehicle plant in Michigan.
"Yellen Was Massively Blind" - RH CEO Routs 'Slow & Wrong' Policymakers For Making Things WorseSep 9, 2022 - 12:08:20 PDT
In April, RH (the stock-buyback/short-squeeze mogul formerly known as Restoration Hardware) reported dismal earnings which sent its stock plunging and prompted CEO Gary Friedman to give an ominous assessment of the overall macro situation.
Former Treasury Secretary Summers Says Dollar Can Go Further, With ‘Huge Advantage’ for USSep 9, 2022 - 12:05:45 PDT
Former Treasury Secretary Lawrence Summers said that the dollar has further scope for appreciation given an array of fundamentals behind it, and expressed skepticism about the effectiveness of any Japanese intervention to turn the tide for the yen.
Sep 9, 2022 - 11:57:01 PDT
Even to the untrained eye it should be obvious that a major change in character is underway.
Rapidly Rising Global Interest Rates U.K. Leads Global Inflation Spike Real Interest Rates Rising Industrial Metals Price Correction U.S. Luxury Vehicle Sales Outpacing Non-Luxury
Most economic commentators believe that historical data is the key in assessing the state of the economy. Thus, if a statistic such as real gross domestic product or industrial production displays a visible increase, then the economy is stronger.
Inflation, the Price Level, and Economic Growth: Everything the Elites Tell You about It Is WrongSep 9, 2022 - 11:33:31 PDT
Fundamentally, inflation is fraud. The central government or bank printing more money lessens the value of the money already in circulation. A truckload of sand isn’t particularly valuable in Saudi Arabia.
While many hope the Federal Reserve can avoid a recession, the are numerous signals suggesting that such will likely not be the case.
Globally, debt and equity capital markets lost around $23 trillion of 'wealth' in Q2 as Putin's invasion sent commodity prices higher, slammed stocks on recession fears, and central banks around the world engaged in policy-tightening to battle the inflationary monster at their doors.
Sep 9, 2022 - 10:26:30 PDT
We are very honored that the next guest of PFI Talks was Jeffrey Sachs, a world-renowned economist, University Professor and Director of the Center for Sustainable Development at Columbia University, where he directed the Earth Institute from 2002 until 2016. Jeffrey Sachs was twice named as Time magazine’s 100 most influential world leaders, and was ranked by The Economist among the top three most influential living economists.
The Federal Reserve’s misguided worry over inflation is going to fuel a damaging recession.
Asset manager Cathie Wood reiterated that the Fed is looking at the wrong indicators, finding that prices increased when they actually declined.