Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
The G7 plans to add gold to its list of sanctions against Russia. This could have an impact on the global gold market. Just how much remains to be seen.
After a big miss on the Powell/Brainard nominations in November, the price analysis has been fairly accurate. Identifying the initial breakout above $1800, mentioning that $1900 was fragile support, and last month concluding that gold had found a bottom around $1800.For the past month, gold has been consolidating within a tight range around $1850. The data suggests the next move is most likely up. Lots of indicators have bottomed, which leaves little downside remaining. The market has also priced in an extremely aggressive Fed and held up very well over that time.
MARKETS & ENERGY UPDATE JUNE 26th: The Battle Over LNG & Why Europe Is In Serious Trouble This WinterJune 26, 2022
The world continues to Battle over LNG supplies before the winter season. While Europe is importing more LNG, its natural gas inventories are still significantly below their five-year average. This is also true for the United States, whose natural gas inventories are 13% lower than the five-year average...
Weekly Market Recap: Sell Into This Week's Strength? Probably A Good IdeaJun 25, 2022 - 09:03:40 PDT
In this week's Market Recap, Lance Roberts discusses the bounce this week in stocks and why investors would be wise to use it as a chance to sell and build cash. Lance estimates the bear market is still in play and that a firm bottom has likely not been reached yet.
Jun 24, 2022 - 14:51:50 PDT
Here in Part 2 of our interview with macro analyst Luke Gromen, he explains what will happen if the Federal Reserve pivots -- as he believes it will -- by the end of Q3. Resurging inflation, a weakening US dollar vs other fiat currencies & higher credit yields as the bond market loses its faith in the Fed. And that's just a start.
On a year-to-date basis, US imports of gold bullion surged by 170% to 103t -- the second highest on record.
Sometimes when I look at price charts, I'm reminded of poetry. Such was the case Friday as the August gold daily chart brought Rudyard Kipliing's "If" to mind.
Jun 24, 2022 - 13:26:51 PDT
What this means, in essence, is for first time in two years, the precious metals (silver) derivatives position of Bank of America failed to increase – although it remained excessively large, having grown from zero to $29.44 billion (1.15 billion oz) in little more than 2 years.
Everything else is imploding and has been for months.
This newsletter issue analyzes policymakers’ current attempts to rein in price inflation via demand destruction, and why that approach is unlikely to work as well as they think.
In its World Energy Investment Report, the IEA concludes that today’s energy investment trends show a world falling short on climate goals, and on reliable and affordable energy...
Russia said international sanctions have created a “force-majeure” situation that’s forced it to switch to servicing its eurobonds in rubles in a bid to avoid a default.
A new study shows that health-care debt — both medical and dental — is more widespread than previously thought.
Jun 24, 2022 - 12:53:36 PDT
The collapse of spot rates and surge in diesel prices is pushing small truckers out of the industry. One broker called it the “Great Purge.”
Nationally, single-family rent growth surged 14% year-over-year in April, according to real estate research firm CoreLogic. The supply-demand mismatch continues to drive rents higher, as many parts of the country print double-digit jumps in monthly rent prices.
More Than 8 Million Americans Are Late on Rent as Prices Increase: BloombergJun 24, 2022 - 12:49:56 PDT
About 15% of US renters aren’t caught up with their payments, according to Census Bureau data, and it’s about to get worse this summer as many leases come due and landlords boost prices.
There could be an increase in distressed retailers beginning later this year, experts say, as ballooning prices dent demand for certain goods, stores contend with bloated inventory levels and a potential recession looms.
Interest rates are climbing. The average rate for a new card is more than 20%, based on a review by LendingTree of about 200 card offers from banks and credit unions. For the past several years, card rates for those carrying balances had hovered around 16%.
Survey Finds 81% of Hourly Workers Have Cut Back Because of High Gas PricesJun 24, 2022 - 12:41:48 PDT
A new survey shows just how squarely hourly workers are being hit by the effects of inflation - and especially high gas prices.
CNN claims that emotions drive markets, but a deep dive exposes that the real irrational force is the "Fear and Greed Index."