Precious metals news

The most common question among investors these days is when to buy the dip. Very few market participants seem to be worried about a crisis or deep recession, let alone a nuclear threat.

One of the simplest lessons of stock market history is that innovations often lead to bubbles and busts, from new tulip bulbs through canals and railways to the internet. Less well understood is that financial innovations count for double, as new tools expand the supply of what looks like money, allowing the bubble to grow larger—and the bust to be even more serious. The cryptocurrency implosion currently under way followed rampant creation of new digital money, something that never ended well in the traditional world either.

"We are going to be going through a lot of crises in the following months..."

Although mortgage rates have been rising quite fast, The Fed’s balance sheet is only being reduced quite slowly, leading to a continuation of the hot, hot, hot housing market. But the expecta…

5.37 percent is not a high rate historically, but it is the highest rate since 5.42 percent in June 2009. Moreover, one cannot get anything close to that rate now. That's a Freddie Mac weekly average rate from early June and it is very stale.

California special: Pending sales collapse by 30%, prices begin to “moderate,” San Francisco condo prices decline year-over-year.

Mortgage rates surged to the highest level since 2008, but more buyers applied for loans, perhaps concerned rates would move even higher.

A WORLD economy already contending with raging inflation, stock-market turmoil and a gruelling war is facing yet another threat: the unravelling of a massive housing boom.

Powell, Take 2 — It’s a short week, but it’s shaping up to be another extraordinary one, as Federal Reserve Chair Jerome Powell heads to Capitol Hill for his semi-annual congressional testimony, just days after he oversaw the biggest interest-rate increase since 1994.

Tuesday's euphoric market mood has U-turned into sheer despair with most of yesterday's gains gone overnight as attention turns to the coming US recession...

As interest rates rise, the air continues to hiss out of the housing bubble.
Existing home sales tumbled to a two-year low in May. Sales fell to a seasonally adjusted 5.41 million units, according to the latest data from the National Association of Realtors. It was a 3.4% drop, bringing existing home sales to the lowest level since June 2020. May was the tenth consecutive month of year-over-year declines.

As Americans labor under the burden of inflation, the Biden administration keeps telling us the economy is just fine. White House press secretary Karine Jean-Pierre recently said we are "transitioning" to "steady and stable growth." As a result, she claims the American people are in a place where they can "take on inflation."
Americans aren't buying it. In fact, they're buying less of everything as rising prices squeeze their wallets. Consumer confidence has plunged to historically low levels. But as bad as things are, the worst could still be yet to come because the proposed solutions are worse than the problem.

Join Mike Maloney and Adam Taggart as they look at the latest data through the lens of Mike’s ‘Inflation, THEN deflation’ hypothesis. What is coming next? How long will inflation last? What will the Fed do? What happens to the dollar?

Gold prices eased Tuesday as headwinds from an uptick in U.S. Treasury yields offset support from a retreat in the dollar.

America was never meant to be flat. It was a land discovered by those who understood that the world was round. Flattening America has depressed its economy and its spirit. A flat world with no room for American exceptionalism is instead becoming a playground for Chinese and Russian exceptionalism. And America's economy is becoming one big permanent shortage.

After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, the idea of a controlled explosion or a “soft landing” is impossible.

There is a sense in which funny money literally drives everyone crazy, leading to what is sometimes called the “madness of crowds.” With artificial stimulation from the credit machine, multitudes are willing to believe in something that cannot possibly be true.

With the acknowledged national debt now a politically and economically unpayable $30 trillion (in reality, its unfunded liabilities are far greater), Americans should start to become acclimated to the realities of the United States’ eventual, inevitable default.

A series of negative factors including de-globalization, aging of populations, migration restrictions, weaponizing of the US dollar and climate change could lead to a depression, he said.

UN World Food Program head David Beasley announced yesterday that global food rations for refugees will need to be cut in half due to the unprecedented food crisis. How much of this crisis is man-made as the elites use food as a weapon in what has turned out to be a futile effort to punish Russia?