Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralized digital money are now materializing, the Bank for International Settlements has said.
Their outlooks will stoke fears of a hard landing for the world’s biggest economy as the Federal Reserve jacks up interest rates to counter the fastest pace of inflation in decades.
"We Now See The Fed Moving Toward An Attempted Controlled Unwind Position"Jun 21, 2022 - 05:42:04 PDT
Never forget – NOT allowing price discovery for a long period of time - then forcing the process onto markets with a “bayonet in the back” - at an ever-accelerating rate - is a virgin-central bank experiment. It comes at a high price. Never happened before.
Japan is currently a source of ultra-cheap financing in a world of rising rates, and with a currency that is only going one way - down. If both reverse at once,… ouch!"
ECB’s Kazimir Says Negative Rates Must Be ‘History’ by September: BloombergJun 21, 2022 - 05:26:54 PDT
The European Central Bank should exit sub-zero interest rates in September, Governing Council Member Peter Kazimir said.
The Federal Reserve’s recent 0.75 percent increase in its “benchmark” interest rate is the Fed’s highest rate increase since 1994. This increase is a sign that the Fed has finally realized that price inflation is more persistent and widespread than the Fed initially believed.
A few years ago, CNBC commentator Jim Leventhal made a pretty astounding comment. When asked about gold, he said he had no interest in it because gold has no uses as a metal.This is a pretty absurd statement. Gold has multiple uses. And it would probably have even more if it wasn't so rare and expensive.In 2021, gold demand came in at 4,666 tons. Where did all of that gold go?
After last week's FOMC meeting, Federal Reserve Chairman Jerome Powell claimed that a "soft landing" was still possible. In other words, he thinks the central bank will be able to slay red-hot inflation without tipping the economy into a recession.Is this feasible? Or is it a fairytale?
TROPICAL ISLANDS' PARADISE OR NOT: How The Energy Cliff Dynamics Will Impact Island EconomiesJune 21, 2022
The days of the Tropical Island Paradise are numbered. Why? The majority of these beautiful island vacation destinations get most of their power from burning oil. With the world moving closer to the Energy Cliff, the ability to power many of these tropical paradises will become increasingly problematic...
Jun 20, 2022 - 13:02:39 PDT
Jeff Clark was interviewed at the Ripley's Aquarium during the PDAC Mining Conference in Toronto, a rapid fire chat that covered lots of ground, from the Fed to gold—and the 'dramatic effect' gold will see when the Fed has to reverse course.
Hedging Demand Amidst Market Volatility To Push Gold Higher: Deutsche BankJun 20, 2022 - 12:57:08 PDT
“Gold’s hedging characteristics may also come to the fore. With market volatility likely to continue to be driven by concerns regarding inflation, recession and/or geopolitics, we feel gold should be well supported by investor demand.”
Jun 20, 2022 - 12:54:53 PDT
Last week central banks stepped up their response to soaring inflation. Having been regarded as “behind the curve” in their attempts to control this issue thus far, they are now showing greater concern and resolve in bringing consumer prices down.
Mohamed El-Erian, Allianz chief economic advisor, joins ‘Closing Bell’ to discuss what he makes of the Fed decision to boost rates by 75 bps, how he interprets the recent economic data and thoughts on potential defaults around the world.
In essence Summers' study on Gibson's Paradox claims to have found empirical evidence of an inverse relationship between the real price of gold and the real interest rate..
US Rent Costs Surge To Record Highs As Americans Expect Inflation To Get WorseJun 20, 2022 - 12:47:46 PDT
Median rents in the US crossed the $2000 mark this past month for the first time ever, while rental markets surged 15% - 20% in a single year depending on the region.
Inflation in the UK has climbed above a 40-year high, due in large part to soaring energy and food prices...
Energy Secretary Jennifer Granholm said that Biden was considering all options when it comes to lowering prices, including lifting the gas tax
The US has just experienced an 8.8% increase in food prices. The problem (and there are many, actually) is that this doesn’t take into account the spiraling costs farmers are now experiencing.
⦁ The "Dean" of technical analysis anticipates stagflation resembling the 1970's ahead for the global economy; investors are advised to anticipate increased volatility in the coming weeks, if not sooner.
As good phrases from central banks about battling inflation gave strategy to extra significant coverage actions, there was a primary awakening with the realisation that, undoubtedly, we have been making a transition to a brand new and more difficult regime for monetary circumstances.