Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
(Bloomberg) -- China’s central bank has space to cut its main interest rates by as much as 50 basis points over the next year if repeated Covid outbreaks continue to drag on the economy, according to a former adviser at the regulator.
Stock Market Live News Updates: Futures Flat As Stocks Try To Regain MomentumAug 23, 2022 - 05:18:31 PDT
Stock futures were pointing to a flat open on Tuesday as investors try to steady the ship following a washout to start the week.
The tanking housing market is starting to put a strain on the mortgage industry with some lenders already going out of business. Analysts project the wave of failures coming down the pike could be the worst since the housing bubble burst and triggered the Great Recession.
The central bankers at the Federal Reserve continue to talk tough about fighting inflation. But is it a fight they can win?The numbers say no.
WHERE'S THE SILVER PRICE HEADED: Important Update On Silver Market Fundamentals Driving The PriceAugust 23, 2022
Precious metals investors and subscribers would like to know where the Silver price is headed. In this update, I provide my fundamental analysis of where the silver price is headed over the short term. While most precious metals analysts fail to understand the main drivers of the silver price, we believe we have found the answer...
Investors are also waiting for Federal Reserve Chairman Jerome Powell's speech at the Federal Reserve's annual economic symposium in Jackson Hole, Wyoming on Friday, hoping to get a hint on the plan for interest rates.
Governments and central banks have become the lender of first resort instead of the last resort, and this is immensely dangerous. Global debt soars, inflation creeps in and many of the so-called “supply chain disruptions” are the result of zombification after years of subsidising low productivity and penalizing high productivity with increased taxes.
Republicans on the House Ways and Means Committee say they have received information from the nonpartisan scorekeeper at the Congressional Budget Office challenging the Biden administration's narrative that Americans making less than $400,000 a year won't see higher IRS audit rates.
Aug 22, 2022 - 12:31:06 PDT
The fringe breakdowns are not just happening in the currencies of emerging markets and the defaulting of sovereign debts of those nations.
Valuations have cooperated for 12+ years. When we look into the next 10‒12 years do we see significant multiple expansion? Do we see significant new avenues of Fed stimulus and risk asset coddling?
Asia's corporate and macro calendars are remarkably light on Monday, allowing investors to look squarely toward three regional central bank policy decisions later in the week, and more importantly, Jackson Hole. Federal Reserve Chair Jerome Powell will deliver his keynote address at the Kansas City Fed's two-day annual economic symposium at the Wyoming retreat on Friday.
Ford Motor confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slash costs as it makes a longer-range transition to electric vehicles. Ford sent an internal email Monday to employees, saying it would begin notifying affected salaried and agency workers this week of the cuts.
A sobering tone took over Wall Street after a rally that added $7 trillion to the stock market, with traders bracing for hawkish rhetoric from Federal Reserve officials at the Jackson Hole retreat later this week.
IPO Market Faces Worst Year in Two Decades. ‘Really Hard Pill to Swallow.’: WSJAug 22, 2022 - 12:15:57 PDT
Inflation, rising interest rates and Russia’s invasion of Ukraine sent shock waves through the stock market, putting a freeze on the IPO pipeline
Dow Falls Over 600 Points, Heads for Worst Day Since June As the Market’s Summer Rally FlailsAug 22, 2022 - 12:11:25 PDT
The Dow Jones Industrial Average fell sharply Monday, on pace for its worst day since June, as the summer rally fizzled out and fears of aggressive interest rate hikes returned to Wall Street.
Nomura Warns "Fed's Hands Are Tied" For Now As USDollar "Wrecking Ball" Tightens Global Financial ConditionsAug 22, 2022 - 11:51:12 PDT
This morning we warned of the 'hawk-nado' that has suddenly taken hold of markets ahead of Friday's Jackson Hole show from Jay Powell, but while all eyes are on The Fed and the US economy (labor market), the European / UK Energy crisis continues to boil-over yet again.
Aug 22, 2022 - 11:43:05 PDT
The phrase “crossing the Rubicon” is an idiom that means that one is passing a point of no return. Its meaning comes from allusion to the crossing of the river Rubicon by Julius Caesar in early January 49 BC. Indeed, the US crossed the FISCAL Rubicon in Q4 2012. That is when US Treasury Public Debt outstanding exceeded Real GDP. And the gap has been growing ever since.
Inventory Shortages & Gluts, by Retailer Segment: Where they Are and WhyAug 22, 2022 - 11:39:12 PDT
Overall supply at retailers still 18% below normal, huge shortages in some segments, gluts in others. Thankfully, grocery stores only a tad below normal.
US Natural Gas Spikes 81% in 7 Weeks, Hits New 14-Year High, Unwinds Plunge in June and JulyAug 22, 2022 - 11:37:26 PDT
Not all commodities are plunging: Game of Inflation Whac A Mole.
It's widely held that all of our financial woes are the result of abandoning the discipline of the gold standard in 1971. The premise here is that if the U.S. had maintained the gold standard, the excesses of the fiat currencies regime could not have arisen.