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Federal Reserve Chair Jerome Powell is likely to slow the pace of interest-rate increases after front-loading policy with a second straight 75 basis-point hike next week, economists surveyed by Bloomberg said.
The euro is heading back to dollar parity, and not even a faster pace of rate hikes by the European Central Bank can change that, according to traders and market strategists.
R.I.P. Forward Guidance: Inflation Forces Central Banks To Ditch Messaging ToolJul 22, 2022 - 05:40:12 PDT
If the U.S. Federal Reserve killed off forward guidance in June, the European Central Bank may have just hammered the final nail in the coffin of a tool officials had long used to provide monetary policy signals to financial markets.
Policy makers lowered their benchmark to 8% from 9.5% on Friday and signaled they will consider further reductions in the second half of the year. The fifth straight cut was bigger than predicted by any of the economists surveyed by Bloomberg.
Central Banks: Recession Now Looks Like the Price to Pay for Beating InflationJul 22, 2022 - 05:36:07 PDT
After underestimating the worst inflation outbreak in decades, central banks are now driving their economies headlong toward recession in order to tame prices.
Gold started July delivery activity as the weakest minor month since 2019. This showed a general lack of interest in the market. Considering the activity since then, it’s possible this was a signal of capitulation.Since the start of the delivery month, activity in the July gold contract has exploded.
We've heard all kinds of excuses for inflation. It was COVID. It was Putin's price hikes. It's greedy corporations. This week, we learned it's the millennials' fault. As host Mike Maharrey explains in this week's Friday Gold Wrap, all of these notions miss the mark. And they let the real culprit get off scot-free. How? They've redefined inflation. Words matter!
TOP 6 GOLD MINERS UPDATE JULY 22nd: Technical Analysis On Best Buy Levels & What Are The Share Prices HeadedJuly 22, 2022
It's been six months since I provided my technical analysis on the top six gold miners' "Best Buy Levels," so I thought I would post an update. Even though we had a nice rally in the gold price and miners due to the Russian-Ukraine War, shares have fallen where I had forecasted at the beginning of February...
We’re also keeping our precious metals, shares and resources, and riding through this weakness, which is poised to end soon. And finally, continue to avoid stocks. We think you’ll be glad you did.
"They're kind of in a bad situation overall," with everything from geopolitical aspects with Ukraine, higher energy prices, massive amounts of debt, all driving buying interest in gold, said Daniel Pavilonis, senior market strategist at RJO Futures.
Still, if the debt markets can no longer handle rising interest rates, the Fed would be forced to slow down and stop rate hikes, prompting a cool-off in the dollar and “Western gold investors will start to add to positions,” GoldSeek.com’s Spina says.
Liquidity and valuation analysis together form a strong basis to form expectations for market trends and establish risk/reward bands.
Our recent article, "The Fed's Disaster Has Arrived" got some great response. Readers agreed, the Fed’s high inflation is a disaster...
The Federal Reserve has sabotaged the economy since 1913 with its socialistic interventions.
The Federal Reserve has declared its program of monetary expansion (formerly referred to as inflation) over in an effort to fight rising prices (currently referred to as inflation).
While Americans are preoccupied with Capitol Hill games on the filibuster, voting rights, Build Back Better, and other stories that are mostly for show, more serious thinkers are applying themselves to oil, natural gas, gold, the dollar, technology, and other geoeconomic benchmarks. Let’s leave the Washington circus to others and focus on what really matters to investors. Let’s focus on geoeconomics.
US "Started" The Ukraine Crisis, China Says, In Fiercest Official Criticism YetJul 21, 2022 - 11:57:31 PDT
With the Russian invasion of Ukraine now five months in, China has issued its strongest condemnation of Washington's role in the crisis yet, essentially blaming the US for "creating" the conditions for the war.
There is much debate about the effectiveness of Western sanctions, the Ukraine war’s implications for markets and the global economy, and what the West’s next steps should be. While there are few good options, some are clearly worse than others.
Corruption concerns involving Ukraine are revived as the war with Russia drags on Jul 21, 2022 - 11:54:27 PDT
Since the start of the war with Russia, the Biden administration has mostly ignored Ukraine's corruption history. Questions resurfaced about its suitability as a recipient of massive infusions of aid.
Jul 21, 2022 - 11:37:53 PDT
Corruption of this magnitude can’t be swept under the rug forever, however. Today, three cases are playing out simultaneously in federal courts. Observed together, which no member of mainstream media is currently doing, they paint an undeniable picture of a bank which, as Senator Bernie Sanders would say, has adopted fraud as a profitable business model.