Precious metals news

Economists see interest-rate increases raising likelihood of recession to 44% in coming 12 months...

Highest on record (post WW2 -- record keeping started in 1949)...

Japan still biggest holder of US Treasuries with $1.218T as of April - Anadolu AgencyChina's holdings of US Treasury securities in April declined to the lowest level in 12 years, according to the US Treasury Department figures released on Wednesday.

While many taxpayers dread tax filing season, Americans living abroad face even bigger yearly burdens and those are so frustrating that some want to ditch their U.S. citizenship.

(A shortage of popular food items from popcorn to sriracha is hitting restaurants and grocery shelves this summer, a sign that the world’s immense supply chains are still under pressure.

The European Central Bank is very determined and committed to act against the risk of fragmentation and is designing instruments as a deterrent to pressure on debt spreads, governing council member Mario Centeno said on Monday. Speaking at an event hosted by CNN Portugal, Centeno said such tools would only be used in case of need, "or, if well designed, could hopefully never be used at all". The ECB said on Wednesday that it had mandated its staff to accelerate the design of an "anti-fragmentation" tool after a sharp widening of southern European bond yield spreads versus the safe-haven German debt.

Most tightening cycles historically ended in recessions. Whether this shows the power or powerlessness of central banks, it isn’t good news.

The yen wallowed near a 24-year low against the dollar on Monday, licking its wounds after the Bank of Japan last week renewed its commitment to ultra-easy policy and bucked the trend among global peers to rapidly raise interest rates. At the same time, the greenback lost ground against most other major currencies as investors continued to assess the risks to the economy...

A plunge in shares in Italian banks, sparked by rising government bond yields, has reawakened memories of the 2011-12 debt crisis and rekindled concerns over lenders' vulnerability to sovereign risks. Many analysts and bankers, including UniCredit's boss Andrea Orcel, stress that the situation has changed and blame the drop in shares on an unwarranted knee-jerk investor reaction. Italian banks became a proxy for sovereign risks when Rome's debt costs threatene...

European markets hovered near the flatline on Monday, as investors look ahead to getting further hints of a potential interest rate hike path from the Federal Reserve this week.

Asia Pacific stocks were mostly down on Monday morning as investors are concerned about a recession caused by tightening monetary policies from major central banks.

The dollar was down on Monday morning in Asia as the economic outlook remained uncertain.

The European Central Bank should limit the rise in borrowing costs of more indebted euro zone members but will not solve their debt issues or let budget concerns dictate monetary policy, ECB policymaker Olli Rehn said on Saturday. In an emergency meeting this week, the ECB decided to direct bond reinvestment to help nations on the bloc's southern rim, and to devise a new...

The troubles of central banks in the U.S., Europe and Japan mean investors should prepare for the sort of risks that lead to extreme shifts in prices.

Tokyo’s bond market began the week on a much calmer footing as traders mulled unprecedented intervention by the Bank of Japan, which dragged benchmark yields back below their closely watched ceiling.Most Read from BloombergPutin May Win in Ukraine, But the Real War Is Just...

The Federal Reserve’s latest rate hike is expected to keep markets on edge in the holiday-shortened week ahead. Wall Street is closed on Monday in observance of Juneteenth.

These people never learn. Or they just don't care.
The Biden administration is reportedly still considering sending out gas rebate cards to help Americans cope with rising gasoline prices. But this kind of government handout is one of the primary reasons we're suffering through this inflation firestorm to begin with.

A 75 basis-point rate hike wasn't even on the table a month ago. It appears that the central bankers over at the Fed were crawling around under the table because they found a 75-basis point rate hike.
The Fed went big at the June FOMC meeting in response to hotter-than-expected May CPI data just a week earlier. Jerome Powell admitted that Fed members were "surprised" but another big spike in prices.
So, what's the plan here? Well, by all indications, there isn't one.

This is a MUST SEE Silver Market Update as it reveals why the market totally underestimates the potential explosive price move in silver.  A perfect example of what is wrong with much of the silver analysis is from CPM Group's 2022 Silver Truths & Fantasies Youtube Presentation...

In this week's recap, Lance Roberts and Adam discuss the continued lumps the markets took this week, including the sharp sell-off in oil stocks. They debate where markets are headed from here, and cautions investors that -- even though inflation is an understandable immediate concern -- there are so many multiplying examples of demand destruction that disinflation/deflation may be the bigger risk to worry about over the coming year.