Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Sometimes I wake up in the morning and feel like I’ve got the cheat codes to the world, that, like Neo in The Matrix, I can see the code behind the world they parade in front of us. But, I know, in my heart that this is, itself, just another illusion. It’s just another layer of false reality that forms the core of the conflict in Philip K. Dick’s seminal work that The Matrix borrows heavily from, UBIK.
Pretty soon, it’s going to be every country for itself in this main event of the fourth turning (aka the long emergency). Global unity is a mirage, along with all the preposterous narratives of a world government.
"Central Banks Are In Shock Their Households Are Too Hot, Soon To Be Too Cold And Too Hungry"Aug 12, 2022 - 06:54:02 PDT
US PPI was another deflationary surprise yesterday given the 0.5% fall in headline prices m-o-m and the weaker than expected 0.2% rise in core prices. Now pipeline inflation pressures are ‘only’ 9.8% and 5.8% y-o-y, respectively. Even so, the market’s fad for “sic transitory gloria mundi” faded yesterday, with stocks failing to hold gains...
Gold prices inched lower on Friday but were still on track for a weekly rise, as an overall weakness in the dollar offset pressure from an uptick in bond yields and expectations of further rate hikes from the U.S. Federal Reserve.
The price of retail gasoline just dipped below $4 per gallon, AAA data showed on Thursday, but prices could rise to $5 per gallon by the end of the year according to Goldman Sach’s Head of Energy Research Damien Courvalin
A study published by the German Economic Institute (IW) on Thursday showed that multiple crises such as the COVID-19 pandemic and the Russia-Ukraine conflict have increased the risk of recession in Europe.
Nine years ago, economists at JPMorgan Chase economists compared and contrasted China’s swelling credit risks with what happened in Japan in the 1980s, on the eve of the bursting of that nation’s epic bubble.
Home sales and prices are dropping in many cities across the country after rising for years, and the damage is spreading. “We’ve never seen a property market slowdown of this size and severity.”
Yields Soar in Australia and New Zealand as World Rethinks Slower Rate HikesAug 12, 2022 - 05:32:50 PDT
Australian and New Zealand bond yields surged Friday as investors around the world question expectations that central banks will take a softer approach to quelling inflation.
Canada's inverted yield curve is signaling the Bank of Canada may raise interest rates to a level that triggers a recession, placing the central bank in a tough spot as it aims to tame high inflation and engineer a "soft landing" for the economy.
Britain's economy shrank in the second quarter, official data showed Friday, as the country heads towards recession under a new prime minister.
In the fight against pandemic inflation, Latin America led the world into a new age of tight money. Eighteen months later, there’s not much sign that being first in will help the region to become first out.
Mexico Raises Key Interest Rate to Highest Ever as Inflation AcceleratesAug 12, 2022 - 05:19:54 PDT
Mexico’s central bank boosted its key interest rate to an all-time high after inflation hit the fastest pace in over 21 years, but dispensed with hawkish forward guidance that it had given in its previous decision.M
Powell Needs to Speak Up to Stop Ill-Fated Market Rally, Strategist SaysAug 12, 2022 - 05:17:51 PDT
Principal Global Investors’ Seema Shah is no stock market bull but says the rally that erupted Wednesday may continue until the head of the Federal Reserve steps up and stops it.Most Read from BloombergStriking Drop in Stress Hormone Predicts Long Covid in StudyThe Fed’
Bank of America Corp. says investors are rushing back into stocks and bonds, with signs that inflation has peaked spurring bets the Federal Reserve will dial back its interest-rate hikes soon enough to keep the US economy out of a recession.
The Consumer Price Index data for July cooled even more than expected. The question is how will the Federal Reserve play this? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data, talks about the Fed reaction, and speculates about the Fed's next move and its impact on the economy.
MAJOR U.S. NATURAL GAS SUPPLY-DEMAND SHORTFALL COMING: Rising Supply Not Keeping Up With Surging DemandAugust 12, 2022
Several factors point to a Major U.S. natural gas supply-demand shortfall coming. While U.S. shale gas production has increased significantly over the past decade, rising domestic consumption devours most of the gains. Also, with the Freeport LNG plant returning online in October, brace for much higher prices...
Then the breakout trend starts in gold, which could happen as early as 2023 or 2024, I believe the next rally target for gold will be somewhere above $3100. Then, we start a dedicated climb to levels above $4500 and beyond.
The Fed failed to stabilize nominal spending. Consequently, prices have risen much higher and will remain permanently elevated.
For those of us who still believe that freedom is best, the way is clear: we must concentrate on the correction of the mistake of 1913. The Sixteenth Amendment must be repealed. Nothing less will do.