Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
One of the US bond market’s most widely watched indicators of potential recession risk has reached levels last seen in 2007.
Sales Have Fallen off a Cliff: Builders Cut Home Prices & Slow Construction as Buyers Pull Back: MWJul 12, 2022 - 06:06:27 PDT
“Scary times,” a home builder in Nashville, Tenn. told the company. “Hoard cash and hang on for the ride!” “Someone turned out the lights on our sales in June!” one builder in Atlanta, Ga. told the company. “Sales have fallen off a cliff,” an Austin, Texas builder said. “We’re selling 1/3 of what we sold in March and April.” A Boise, Idaho builder said that builders are slashing new home prices by 15% to 20%.
Data out late last month on both new and existing home sales pointed to a continued slowdown in the U.S. housing market, while survey data from Fannie Mae showed sentiment among potential homebuyers hit its lowest reading since 2014.
Global shares mostly fell Tuesday after a slump on Wall Street erased recent gains. U.S. futures and oil prices also declined. Investors are on the lookout this week for updates on inflation and corporate profits, while renewed coronavirus outbreaks are adding to jitters.
Eurozone Warning as Germany ‘On Brink of Recession’ – Panic Ripples Through BlocJul 12, 2022 - 05:37:26 PDT
GERMANY is on the brink of a recession, ministers warn amid the growing threat of a full shutdown of Russian gas flow to Europe's top economy.
Global bonds climbed for a second day, sending German benchmark borrowing costs tumbling to the lowest since May as investors sought out havens amid mounting fears of a recession.
Regulator says customers at five rural banks whose funds have been frozen since April will get their money from Friday.
The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine.
BRICS members call for cross-border payment in BRICS currencies to challenge the U.S. dollar.
The current buy window for repressed precious metals is remarkable, and once central banks cripple the markets to their deflationary pain points, chaos will return, along with the inflationary money printers—all of which will send precious metals higher and fiat currencies and markets to their mean-revering lows.
Silver has dipped below $20 an ounce for the first time in two years. But given silver's fundamentals, the current economic dynamics, and the trajectory of the Fed, silver appears very oversold.For the next week, you can take advantage of the lowest silver spot price in years, and we'll even sweeten the deal with free silver with qualifying orders.There are three good reasons you should take advantage of silver on sale.
American consumers added to their record levels of debt in May as they continue to struggle to make ends meet in this inflationary environment.Americans increased their debt load by $22.35 billion in May, according to the latest data from the Federal Reserve. That represents a 5.9% annual increase.
THE COLLAPSE OF EUROPE'S WIND POWER INDUSTRY: High Fossil Fuel Prices Destroy Green EnergyJuly 12, 2022
When things couldn't get any worse for Europe, the last German wind turbine rotor plant shut its doors for good this month. With Nordex losing money hand over fist, the company decided to shut down its last wind turbine plant in Rostock, Germany. And... who could blame them with energy and input costs skyrocketing in Europe...
Jul 11, 2022 - 13:07:47 PDT
The anonymous California couple noticed the edge of an old can on a path they had hiked many times before. Poking about in the container was the first step in discovering a $10 million hidden trove of rare coins.
Therefore, the stage is set for a price explosion in silver and gold like never before. All the (former) big commercial concentrated shorts have to do to ensure the price powder keg goes off, is absolutely nothing...
The strength of the U.S. dollar has weighed on the yellow metal, pulling prices on Monday to their lowest finish since September.
The bottom line is the world is looking to turn away from dollar dominance in global finance. Given the severe sanctions regime against Russia, it may end sooner than most expect. We are getting dangerously close to that point right now.
If you understand energy and its foundational role in making the economy happen, then you understand something that few others do. I’m not sure why this energy blindness exists, but it is as mysterious as it is widespread. Perhaps, the implications are just too profound for many people to really entertain?
Jul 11, 2022 - 12:28:33 PDT
In this week’s episode of Hidden Forces, host Demetri Kofinas speaks with Lacy Hunt, Executive Vice President of Hoisington Investment Management Company. For nearly 14 years, Dr. Lacy Hunt was Chief U.S. Economist for HSBC Group, one of the world’s largest banks. He was also Executive Vice President and Chief Economist at Fidelity and held the position of Senior Economist for the Federal Reserve Bank of Dallas.
For our part, we don’t need to assume, and certainly don’t need to rely, on a return to historically run-of-the-mill valuations, nor would we rule it out. We should allow for periods of market free-fall, as well as “fast, furious, prone-to-failure” advances to clear oversold conditions.