Gold has all the potential to go unprecedentedly high. But silver will be gold on
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America’s Biggest Warehouse Is Running Out of Room. It’s About To Get WorseAug 4, 2022 - 05:45:55 PDT
America's largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics, furniture and other goods that have packed the distribution centers east of Los Angeles.
The retailer is restructuring headquarters operations after warning of profit troubles last week as merchandise has piled up in its stores. Around 200 jobs are being cut.
Recession: *US 2-to-10 Year Curve Inversion Reaches Mark Last Seen in September 2000: BloombergAug 4, 2022 - 05:39:26 PDT
Consumers in the euro zone are bracing for the economy to shrink and for high inflation to continue eating into their income in the next year, a European Central Bank survey showed on Thursday.
German factory orders sank for a fifth month in June as rampant inflation and global supply disruptions continued to weigh on the outlook in Europe’s largest economy.
Pound Crashes After BOE Hikes By Most Since 1995, Warns Of Crushing Stagflationary RecessionAug 4, 2022 - 05:25:37 PDT
The BOE also boosted its forecast for the peak of inflation from 13.1% to 13.3% in October amid a surge in gas prices, and warned that price gains will remain elevated throughout 2023 as stagflation. That will sharpen a cost of living crisis that will see real disposable incomes fall more than at any time in around 60 years.o
The June trade deficit fell for a fourth straight month to -$79.6B.While the deficit continues to drop from all-time highs, it is still larger than any month before 2022. June eclipsed December 2021 by $750M. December was a new record then, so the current deficit should be put into the context of longer history despite coming off recent highs.
Hedge fund expert Thomas Thornton returns in Part 2 of our interview with him to explain why the markets could well move sideways in a limited trading range for the next few years.
Aug 3, 2022 - 13:03:59 PDT
The value of a gold-backed currency for the general public is that gold controls the money. Bankers can’t print it at will. They can only print as much as they have gold to back …
Gold and silver prices experienced similar trading patterns in July with substantial declines followed by healthy retracements.
Last week we published our updated central bank gold statistics to include data reported for June. This new information shows that central banks added a net 59t to global gold reserves during the month.
JPMorgan's 'Manipulative' Metals Desk Made Hundreds of Millions In Profits From 2008 to 2018Aug 3, 2022 - 12:48:21 PDT
Former head of precious metals at J.P. Morgan, Michael Nowak, is currently on trial with colleagues Gregg Smith and Jeffrey Ruffo in Chicago regarding whether or not they conspired to manipulate gold and silver markets.
The analyst note said the steady decline in the gauge – which is the longest consecutive decline since the 2008 financial crisis...
Fed's Kashkari: Will Probably Take Several Years To Get Inflation Back to 2%.Aug 3, 2022 - 12:28:07 PDT
Federal Reserve's Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, is speaking and has said that the Fed moved too slowly in 2021
"I Don't Feel The Pain Of Inflation Anymore" Says Wealthy SF Fed Chair From Ivory TowerAug 3, 2022 - 12:22:09 PDT
San Francisco Fed President Mary Daly, who makes $422,900 per year - and scrambled out of dozens of investments last year shortly before the Fed finalized strict new limits on policymakers' portfolios - just had her 'Nancy Pelosi Ice Cream" moment, dropping a sidewalk-spattering turd from her ivory tower on the average struggling American.
Hefty recent interest rate rises by the US Federal Reserve and European Central Bank highlight the concern among central bankers that high inflation could become entrenched and spiral further beyond their control. The Bank of England will confront this trade-off when it announces its next interest rate decision on Thursday. Since the BoE began lifting its pandemic-era stimulus in...
With inflation running high for the last 14 months, we can sadly conclude it’s entrenched, will be difficult to conquer and is hardly the province of the Federal Reserve alone.
The trillion dollar question is how and when then Fed walks back the very aggressive pace of $95 billion a month of quantitative tightening (QT) that they are ramping up to.
Within hours of the latest GDP report, which raised fears of a recession, Google searches for “sell my home fast” spiked, showing concern among home sellers.
The problem we see is an expectation that politicians can solve energy problems but have made grid stability worse and will be long-lasting.