Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Italian PM Mario Draghi Says He Will Resign as Rome’s Coalition Government CollapsesJul 14, 2022 - 12:19:58 PDT
Draghi has often pushed for a reformist agenda and his work has softened previous concerns among investors regarding the stability of Italy’s economy.
Ten years after his 'whatever it takes' pledge saved the euro, Mario Draghi is once again in the middle of a debt crisis - but the Italian prime minister and former head of the European Central Bank will need more than just words to solve this one.
The USD had a heck of a ride, which kept inflation from spiking even further. But it may not last much longer.
Iconic Fed Analyst Calls It: Powell Will Be Forced To End QT Much Sooner Than ExpectedJul 14, 2022 - 12:05:11 PDT
When BofA's top Rates strategist, and former NY Fed analyst, Marc Cabana speaks, investors, the Fed - and even his former Fed co-worker and repo guru, Zoltan Pozsar - listen. And what Cabana has to say now is extremely important.
Every recession since 1952 had significant declines in cyclicals defined as durable goods and residential construction.
Despite the common belief that drug abuse and mental illness are some of the main factors that cause people to become unhoused, a new book concludes that high housing costs and low availability, more than anything else, push people into homelessness.
Long lines are back at food banks around the U.S. as working Americans overwhelmed by inflation turn to handouts to help feed their families. With gas prices soaring along with grocery costs, many people are seeking charitable food for the first time, and more are arriving on foot.
How do you lose 90%? You lose 50% and then you lose 50% again... and then you lose 50% once more.
BofA Capitulates, Slashes S&P Target To Street Low 3,600 As Recession Unfolds; Warns Drop To 3,000Jul 14, 2022 - 09:29:04 PDT
Anyone who has been reading the excellent reports of Bank of America's Chief Investment Officer, Micheal Hartnett, whom we dubbed Wall Street's biggest bear a year ago for his ultra-bearish views and his 3,000 S&P price target ...
Chinese scientists said they could now launch hundreds of mini satellites - dubbed "cubesats" - from a large motherboard in space with deadly precision and speed.
he United States appears to have entered a new cold war with both China and Russia. And US leaders’ portrayal of the confrontation as one between democracy and authoritarianism fails the smell test, especially at a time when the same leaders are actively courting a systematic human-rights abuser like Saudi Arabia. Such hypocrisy suggests that it is at least partly global hegemony, not values, that is really at stake.
A "really tough winter in Europe" is ahead given doubts over Russian gas supplies, says Shell boss.
Saudis & Russians Reiterated the importance of their OPEC+ partnership: Can Biden Break The AllianceJul 14, 2022 - 08:56:30 PDT
President Biden began on Wednesday a visit to the Middle East, which will include a stop in Saudi Arabia, the world’s largest crude oil exporter and a key partner of Russia in the OPEC+ oil production deal.
Increased use of natural gas has reduced the amount from as much as 1 million bpd in 2010. HUB IN FUJAIRAH Saudi Arabia has also imported more Russian fuel oil via the Middle East oil hub of Fujairah in the United Arab Emirates, traders said. Fujairah has received 1.17 million tonnes of Russian fuel oil so far this year, according to ship tracking, compared to 0.9 million...
Yellen Says Price Cap on Russian Oil Is ‘One of Our Most Powerful Tools’ to Address InflationJul 14, 2022 - 08:34:50 PDT
A cap on Russian oil prices will be crucial to help bring down inflation as U.S. consumer inflation soared to a 40-year high, Treasury Secretary Janet Yellen said.
Like the Fed, Japan and Europe are caught in a trolley car problem. They must choose between two poor consequences.
Fed’s Waller Says CPI Was ‘Major League Disappointment,’ Leaves Door Open for 100 Basis MoveJul 14, 2022 - 08:16:40 PDT
Fed Governor Christopher Waller said a 0.75 percentage point move this month was his base case, but stronger data in coming days might change his mind.
talian Prime Minister Mario Draghi is expected to offer his resignation after the Five Star Movement, a key member of his coalition, went ahead with its threat to boycott a confidence vote on the government, triggering political turmoil.
Jul 14, 2022 - 07:51:13 PDT
The most recent headline CPI came in at 9.1% so it might seem odd to think that the risk of disinflation and deflation is rising. But while the CPI is a rear-view looking indicator many forward looking indicators are starting to tell a very different story – a story of falling demand and falling prices.
Central banks and governments are in big trouble. Ronald Stöferle, Mark Valek & Jack Farley of Blockworks Macro discuss the situation and possible solutions.