Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The Bottom Line: You Want to Own Gold Now. Once we apply a similar 550% (monetary base expansion) appreciation to gold's price of around $800 in 2008, we arrive at a gold price target of approximately $5,000. This mark is the level gold could reach within the next several years
Aug 8, 2022 - 06:07:47 PDT
"The Fed has been so late in responding… its forward guidance right now is almost meaningless," El-Erian said.
About 69% of Americans think the US economy is getting worse, the highest since 2008, according to an ABC News/Ipsos poll.
With winter looming, U.S. distillate inventories falling, and a ban on Russian crude coming into effect, diesel markets will only get tighter...
It is one of the country’s worst economic crises in decades, and that is saying something for Argentina.
Central banks around the world continued raising interest rates this week. Australia, Brazil, India and the UK were among those hiking by 50 basis points, while Romania went for 75 basis points and Madagascar for 90 basis points.
THE European Central Bank (ECB) injected 17 billion euros (S$23.8 billion) into the Italian, Spanish and Greek debt markets between June and July, while allowing its portfolio of German, Dutch and French debt to fall by slightly more, going by calculations by Financial Times based on ECB data.
Aug 8, 2022 - 05:32:53 PDT
Japan wants bolder financial and financial stimulus to grab “a once-in-a-lifetime alternative” from international inflationary pressures to finish its battle on deflation, in line with a Financial institution of Japan board member who just lately left the central financial institution.
The climate and tax package passed by the Senate on Sunday will unlock some $370 billion in funding for clean energy and accelerate a historic shift in how the world is powered. Along with a parallel initiative in Europe, the bill could trigger private investments that reach into the trillions.
The package would pump billions of dollars into energy and healthcare programs over the next 10 years, including $430 billion in new spending.
Stock Market News Live Updates: Stock Futures Rise Amid Busy Week of Inflation DataAug 8, 2022 - 05:19:48 PDT
U.S. stock futures edged higher early Monday as investors approached the final stretch of earnings season and braced for a busy week of inflation data.
The July non-farm payroll report came out much stronger than anticipated. According to the Bureau of Labor Statistics, the economy added 528,000 jobs and the unemployment rate ticked down to 3.5%. The narrative was that this blockbuster employment report proves that we're not in a recession.In his podcast, Peter Schiff broke down the data and reveals the truth behind the "strong job market" hype.
Peter Schiff and Laura Ingraham: The American People Will Get the Worst of Both Worlds — Inflation and RecessionAugust 8, 2022
Despite White House and media spin downplaying a recession, a lot of people aren't buying. Fifty-seven percent of small business owners say a recession has already begun. Peter Schiff talked with Laura Ingraham about government spending, taxation, inflation, household debt and the recession. He said the recession is already worse than people think.
Weekly Market Recap: Hot Inflation, Market Rally & Blowout Jobs Report Sinking Pivot Odds?Aug 7, 2022 - 05:30:39 PDT
Have the near-term odds of a Fed pivot dropped? Yes, concludes financial advisor Lance Roberts. The Fed is hiking interest rates to destroy demand. Most experts think the Fed will continue until it either tames inflation or it "breaks something" and is forced to reverse course.
METALS & MARKET UPDATE AUG 7th: Dumb Money Bear Market Rally & Silver Miners Report Losses Across The BoardAugust 7, 2022
Investors who believe the stock indexes are heading to new highs will get crushed when the Bear Market continues towards the end of the year and into 2023. What we are witnessing is a typical Dumb Money Bear Market Rally. Also, the primary silver miners have seen losses across the board for Q2 2022...
According to the commodity expert, the run-up gold has had in 2022 is just the beginning. With the logic of finite supply behind it and a technical setup indicating a boom in price, it seems as if the next leg up in gold price could be inevitable.
There is no good reason to not believe in gold’s future. It’s soon going to be the key globally. We’re going to see a rush to buy gold unlike anything we’ve seen. Leverage with the miners will be off the chart. The strength in the dollar will not last. That’s when we’ll see gold explode and never come back.
Aug 5, 2022 - 12:44:52 PDT
Inflation at a 40-year high and rising interest rates worldwide are creating a lot of stress in financial markets and pushing the global economy into a recession and potentially creating a sovereign debt crisis. According to one fund manager, the macroeconomic backdrop is creating a perfect storm for gold prices and gold mining stocks.
Despite Our Own Inflation, the Dollar Dominance Takes Down the Yen and Euro But Not GoldAug 5, 2022 - 12:42:31 PDT
The fluctuating exchange rates between the dollar and all other currencies, however, should not distract from one important thing: the purchasing power of all currencies, including the dollar, has been declining year after year. This is reflected in the continued rise in the price of gold.
Paper, considered as a material whereof to make money, has none of the requisite qualities in it. It is too plentiful, and too easily come at. It can be had anywhere, and for a trifle....Paper money appears at first sight to be a great saving, or rather that it costs nothing; but it is the dearest money there is.... The only proper use for paper, in the room of money, is to write promissory...