Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Jul 1, 2022 - 13:35:09 PDT
Metal detectorists discovered a silver cache in Virmo, located between Turku and Rauma in Southwest Finland. The cache held rare minted by Viking king Harald Bluetooth.
"I'm A Fan f Gold" - Seth Klarman Supports 'Prudent' Positioning As Goldman Hikes Gold Price TargetJul 1, 2022 - 13:16:31 PDT
"The market has come to believe in an omniscient Federal Reserve, and it's no such thing. These guys don't really know what they're doing in any deep way. It's a giant financial experiment, and we're at the mercy of their experiment that maybe is right now in the process of going wrong, so God help us."
Why Gold Is Such a Powerful Asset to Own in 2022...
Mohamed El-Erian, Allianz chief economic advisor, joins ‘Closing Bell’ to discuss whether consumers will slam the brakes on spending, if the Fed has a choice whether or not to aggressively hike rates and the odds of a hard landing.
Instead, liquidity in securities markets could continue to decline if banks continue to turn away from reserves. In many ways, this represents a return to traditional banking practices. But securities markets are unlikely to thrive if settlement liquidity is withdrawn.
Jul 1, 2022 - 12:00:07 PDT
“We are seeing a gradual decline in the dollar,” said Massimiliano Castelli, head of strategy for global sovereign markets at UBS. “The picture that emerges is one of a multipolar currency system.”
Jul 1, 2022 - 11:44:40 PDT
Inflation is what is killing the US economy and millions of households. Financially speaking.
JPM Warns US "Perilously Close To Recession" As Atlanta Fed Slashes Q2 GDP To -2.1%Jul 1, 2022 - 11:41:35 PDT
The continued erosion in economic data has prompted The Atlanta Fed to slash its forecast for Q2 GDP growth to -2.1% meaning the US is now technically in recession (after Q1's confirmed 1.6% contraction yesterday).
Economist Steve Hanke returns here in Part 2 of our interview with him to explain what impact a Fed pivot back to easing would have on inflation. He also shares his thoughts on how he thinks stocks, bonds, gold and other assets should fare over the coming year given his macroeconomic outlook.
Action Alert: Mike Maloney just made his first silver purchase in a while. He walks you through the data and charts that pushed him to make an InstaVault purchase of silver today.
Central bankers are trying to steer markets away from higher interest rates, citing growing evidence of the harm they are doing to economic growth. Quantitative tightening is dead on arrival. Predictably — because it is a repetitive cycle — bank credit is beginning to contract. But contracting bank..
A Quarter of Americans Open to Taking Up Arms Against Government, Poll SaysJul 1, 2022 - 08:25:15 PDT
Survey of 1,000 registered US voters also reveals that most Americans agree government is ‘corrupt and rigged’.
Jul 1, 2022 - 08:12:01 PDT
For all the talk about combating inflation, the Federal Reserve is likely to reverse course and continue to print substantial amounts of money because doing otherwise would threaten the federal government with insolvency, according to macroeconomic analyst Luke Gromen.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Will Powell jawbone that expectation away, or embrace it as policy?
One Ounce of Gold Now Buys 90 Ounces of Silver, the Most in Almost Two YearsJul 1, 2022 - 06:15:37 PDT
“Where broader markets remain negative, pressured by inflation and central bank hawkishness in taming prices, we see investors holding fast to gold ETFs as a risk-off haven,” said Hitzeman, whose company offers several precious metals products to investors.
The Fed Is Quietly Handing Out $250 Million To A Handful Of Happy Recipients Every Single DayJul 1, 2022 - 06:08:20 PDT
The Fed's QE may be over, and QT may be just starting (it won't last long), but don't think the Fed free money giveaway is ending any time soon. In fact, for a handful of happy, mostly anonymous counterparties, the real free-money bonanza has just begun!
The current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. According to Bank of America, government bonds are on track for their worst year since 1865, the year the U.S. Civil War ended.
Asia’s factories showed a further slide in June as inflation weighed on households, complicated central bank decisions, and added uncertainty to the business outlook.
A sharp fall in new orders weighed on German manufacturing activity in June, darkening the outlook for Europe's largest economy, a survey showed on Friday.