Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Aug 1, 2022 - 05:53:00 PDT
After breaking the 6% barrier back in June 2022, Bankrate’s 30-year mortgage rate has backed-off to 5.28% despite Federal Reserve rate hikes. The reason for the decline in the US Treasury 10-…
Housing Correction Is ‘Dead Ahead,’ Warns Moody’s Chief Economist Mark ZandiAug 1, 2022 - 05:51:27 PDT
He also predicts a ‘more significant pullback’ if this one thing happens.
Aug 1, 2022 - 05:48:28 PDT
The US economy is like the Stephen King story “Misery.” Except that it is Joe Biden breaking the legs of the consumer with his inflationary policies instead of Kathy Bates breaking Jame…
The Swiss National Bank reported a first-half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six-month loss since the central bank was founded in 1907.
The Bank of England this week is expected to push through the biggest interest-rate increase in 27 years and unveil its strategy for unwinding some of the £895 billion ($1.1 trillion) of stimulus it delivered over the past decade.
Manufacturing activity across the euro zone contracted last month with factories forced to stockpile unsold goods due to weak demand, a survey showed on Monday, adding to concerns the bloc could fall into a recession. S&P Global's final manufacturing Purchasing Managers' Index (PMI) fell to 49.8 in July from June's 52.1, just ahead of a preliminary reading of...
The number of companies that have delayed or canceled financing plans has soared to at least 358 as the global economy continues to battle inflation and energy shortages.
The U.S. dollar declined to its lowest level in more than six weeks against the Japanese yen on Monday as investors ramped up bets that aggressive Federal Reserve monetary policy would tip the economy into a recession. With traditional market gauges of recession such as yield curve spreads pinned near their lowest levels this year, punters have ramped up bets in recent days...
(Bloomberg) -- A clutch of chart patterns suggests equities from China and Hong Kong are barreling toward more losses.
European factory activity plunged and Asian manufacturing output continued to weaken in July amid lingering supply-chain complications and a slowing global economy.
In their crusade to get rampant inflation under control, the world’s major central banks risk fueling further chaos in bond markets that play crucial roles for the economies they’re trying to protect.
Please note: the COT report was published 7/29/2022 for the period ending 7/26/2022. “Managed Money” and “Hedge Funds” are used interchangeably.As discussed last month, overall net positioning is the smallest it has been since May 2019. Then, on July 12, Managed Money went short gold for the first time since April 2019.Are those shorts about to get squeezed?
Gold demand through the first half of 2022 came in at 2,189 tons, up 12% over the first half of last year, according to the World Gold Council Gold Demand Trends Q2 report.
Congress passed a bill to prop up the US semiconductor industry last week and is now considering a new spending plan dubbed the "Inflation Reduction Act." On his podcast, Peter Schiff talked about the Democrats' legislative agenda and concluded that the "Inflation Reduction Act" will do the exact opposite.
Weekly Market Recap: The Market Is Calling The Fed’s Bluff - Who Will Win?Jul 31, 2022 - 10:19:09 PDT
"Don't fight the Fed"This has been gospel for investors since 2009. And the strategy has paid handsomely. Which is why it's peculiar now that the market is very clearly no longer following the Fed. The Fed is busy hiking rates & loudly proclaim that it will due 'whatever it takes' to bring inflation under control.
ENERGY & MARKET UPDATE JULY 31st: Bear Market Rally Continues To Fool Investors While U.S. Reaches The Energy CliffJuly 31, 2022
Investors who believe this is a beginning of a new bull market in stocks will be in for a rude awakening when the next wave of SELLING kicks in. We are experiencing a typical Bear Market Rally that is pulling in lots of Suckers. Add this to the fact that the U.S. has reached the Energy Cliff, and we have a recipe for disaster...
Jul 29, 2022 - 13:26:43 PDT
Researcher and money manager Louis Gave returns in Part 2 of our interview with him to discuss the acceleration away from the US dollar as a trade currency by many non-West countries.
Gold Higher for the Session Week, With the Fed Seen As ‘Less Aggressive’ on Interest-Rate Hikes: MWJul 29, 2022 - 12:54:28 PDT
The most-active December gold GC00, 0.55% GCZ22, 0.55% contract gained $12.60, or 0.7%, to settle at $1,781.80 an ounce on Comex. Based on the most-active contract, gold gained nearly 3.2% for the week, but lost 1.4% for the month, according to Dow Jones Market Data.
The silver market gapped to kick off the session on Thursday and then shot through the roof as the GDP number in the United States was miserable.
Those who don’t learn from the past, as the old adage goes, are doomed to repeat it. Even in the realm of something as seemingly abstract and technical as economic policy, this saying holds true. Prices are soaring in all areas of consumption, from the grocery store aisle to the pump, with the United States experiencing its highest rate of inflation since 1981. Yet this, in turn, brings up...