Precious metals news

Rapidly rising prices put the squeeze on everybody's wallets. A recent study showed that inflation is hitting rural Americans particularly hard. According to the Iowa State University report, people in rural areas now spend 91% of their income on expenses alone. Peter Schiff recently appeared on Rob Schmitt Tonight to talk about the pain of the inflation tax.

The Federal Reserve delivered another 75 basis point interest rate hike at its July FOMC meeting. This pushes the federal funds rate over the 2% threshold to between 2.25% and 2.5%.
The mainstream media emphasized the size of the hike. One headline called it "a second super-sized hike," with many other mainstream pundits noting that it matched a June hike was the biggest since 1994. But it wasn't as big as the full 1% hike everybody thought was on the table after we got June's flaming hot Consumer Price Index (CPI) data.
Here's the question: has the Fed reached the end of its rope? Will this be the last hike in this cycle?

"Jeff Clark interviews with Commodity Culture and talks about how he got into gold and mining, the big picture for gold and why there will be a reawakening, why he doesn't own just silver, and more"

Gold jumped more than 1% as the dollar and Treasury yields retreated after the U.S. Federal Reserve hiked interest rates by 75 basis points as expected.

Gold market sees solid start to 2022. Q1 gold demand was 34% above Q1 2021, driven by strong ETF inflows.

Yes, it's true... higher energy and material costs are also negatively impacting the mid-cap gold mining stocks.  Unfortunately, many gold mining investor relations departments tend to paint a rosier picture to investors than meets the eye.  If we dig into the details, we find that costs are increasing throughout the mining industry...

As the Fed is poised to crash the economy in order to stop the inflation it arguably caused, we ask one simple question: Do we really need a central bank or can the free market work things out?

Debating which nations will "win" as the global economy unravels is a popular but pointless parlor game. Since the status quo in every nation is deeply, profoundly, systemically corrupt, there won't be any "winners," there will only be losers.

The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.

As Bloomberg notes, fixed-income and equity bulls are likely expecting that Fed Chair Powell’s hawkish mission will be tempered by signs inflation has peaked as an economic downturn nears - a wager not without significant risk.

The Federal Open Market Committee released its post-meeting statement Wednesday on what it will be doing with interest rates.

Signs of an economic slowdown have led to speculation on Wall Street that the central bank may soon take its foot off the gas of its rate hikes in an attempt to avoid a recession. However, Fed Chair Jerome Powell took an aggressive stance against inflation at the last meeting, and he could do so again on Wednesday.

The shorter end of the US yield curve - the spread between the current three-month bill rate and the 18-month forwards which is Powell’s preferred indicator - is signalling an economic slowdown ahead. Those flare warnings mean the market is expecting a pivot from the Fed while trying to balance out inflation risks against recessionary ones.

The US economy is a 70% retail and service economy, which means it is entirely reliant on continued growth in domestic consumption in order to maintain all other elements of the system.

"The renminbi is the ascendent currency, the dollar is in decline," proclaims Mark Yusko, Morgan Creek Capital Management founder & CEO. The dollar has been the world's reserve currency for over 70 years, "but that's rapidly coming to an end," he tells our Daniela Cambone in part one of this interview. "We're in a recession right now," & the Fed has not acknowledged that, Yusko continues. "[The Fed] will start cutting rates in the fall," he predicts...

Democrats want the bubble machine turned back on. Stop raising rates! Our unconstitutional and immoral monetary system, run by the Federal Reserve, is like a game of financial musical chairs. Everyone wants to take credit for the fake and illusionary boom, and no one wants to hold the bag during the very real and very painful bust.

Nouriel Roubini, a New York University professor and the CEO of Roubini Macro Associates, is well-known on Wall Street for his pessimistic economic views. For years, the top economist has argued that a “perfect storm” will push the U.S. into a “great depression,” rivaling the worst economic downturns in history.

Even if gross domestic product figures show a shrinking economy, a recession won’t officially have begun unless the National Bureau of Economic Research says so.

Decades-high inflation and surging mortgage rates have crushed the buying power of would-be homeowners.

The International Monetary Fund is warning that the global economy could be heading towards one of the sharpest slowdowns since 1970