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Higher demand in India, the world's biggest silver consumer, could support global prices.
While I find the recent excessive increase in the short position on SLV to be fraudulent and manipulative, that’s not to say it is bearish from this point. Once a short position is established, the suppressive force it has on price has already been spent.
There's a rich record of risk and fraud stretching back through the history of global commodities trading. ...
While this can be hailed that the convictions send a clear signal that Wall Street executives may not be above the law, it certainly underscores the fact that banks get away with a slap on the wrist.
Black market traders have been left reeling as measures taken by authorities, including new gold coins, to support the embattled local currency dry up excess liquidity and erode arbitrage opportunities.
Aug 18, 2022 - 12:57:28 PDT
A legal advocacy group says the federal government’s proposed Digital Identity Program is prone to being used to access private information and increase control over people, drawing comparisons to Beijing’s social credit system.
The market rebound reflects a belief that inflation has peaked and rates will go down sometime next year, an outlook Fed officials have tried to dismiss.
Fed’s Bullard Says He Is Leaning Toward Backing 0.75 Percentage Point Hike in SeptemberAug 18, 2022 - 12:25:59 PDT
St. Louis Fed President James Bullard said Thursday he is leaning toward supporting a 0.75 percentage point rate hike in September, according to an interview...
China's local governments could sell more than $229 billion of bonds to fund infrastructure investment and plug budget gaps.
Economics Professor Rips Biden Admin Denying Recession: ‘Just Accept It’Aug 18, 2022 - 11:25:46 PDT
"Call it recession, call it whatever you want. We got to fix things," Brenberg continued. "The administration won't do that. That's what people get upset about."
Yellen: These Are the 4 Top Priorities for the Nearly $80 Billion in IRS FundingAug 18, 2022 - 11:22:26 PDT
With President Joe Biden's sweeping tax, health and climate package newly signed into law, Treasury Secretary Janet Yellen is asking the IRS to deliver a plan within six months for the agency's nearly $80 billion in funding.
"A new constitution enacted through these dishonest and deeply undemocratic means will have many problematic provisions. Even more crucially, it will lack the legitimacy our existing Constitution still has." ~ David A. Super
Aug 18, 2022 - 09:00:19 PDT
As a result of western governments’ taking collective action under the auspices of a ‘climate change’ agenda, we are on the cusp of something happening with ramifications that no one has ever seen before. Western governments’, specifically western Europe, North America (U.S-Canada) and Australia/New Zealand, are intentionally are intentionally trying to lower economic activity to meet the intentional drop in energy production.
How the Public Lost Trust in the Fed (Which Should Never Have Been Trusted in the First Place)Aug 18, 2022 - 08:28:40 PDT
In a presentation last month, St. Louis Federal Reserve Bank president James Bullard remarked, “The current U.S. macroeconomic situation is straining the Fed’s credibility with respect to its inflation target.” It’s easy to understand why this might be the case.
Former Rep. Tulsi Gabbard (D-HI) says that the greatest threat to democracy isn't Trump voters, or parents protesting at school board meetings - "but the permanent Washington elite which has weaponized the govt and teamed up with corporate media to intimidate and silence those who dare to disagree with them."
Minutes from most recent meeting show US central bank saw little sign of inflation improving.
Aug 18, 2022 - 07:43:53 PDT
Sales of previously owned US homes fell for a sixth straight month in July in the latest indication of how high borrowing costs and waning demand are propelling the housing market’s rapid decline. In fact, existing home sales fell -19% YoY in August.
Aug 18, 2022 - 07:38:34 PDT
The US housing market is sensitive to Fed “catch-up” monetary tightening. For example, the NAHB’s traffic of prospective homebuyers declined rather dramatically in August as The Fed tightened rates and the 30yr mortgage rate rose. That is what I call a “Nestea Plunge.”
"We're Witnessing A Housing Recession": Existing Home Sales Crater 20% In July As Affordability CollapsesAug 18, 2022 - 07:37:21 PDT
Another month, another plunge in housing. Hot on the heels of the latest catastrophic homebuilder sentiment print and plunging single-family starts and permits, analysts expected existing home sales to accelerate their recent decline with a 4.9% MoM drop in Julye. They were right in direction but severely wrong in magnitude as existing home sales tumbled tumbled 5.9% MoM in June.
Nobel economics laureate Robert Mundell wrote in 1998 that the dollar-euro exchange rate would go on to become 'the most important price in the world.' Mundell, who was known as the father of the euro, was exactly right. Since the euro was introduced in the following year, the dollar-euro has been, by volume of transactions, far and away the most important currency pair.