Gold has all the potential to go unprecedentedly high. But silver will be gold on
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U.S. stock futures rose Friday morning as equities at least temporarily paused a downward slide, as concerns over the prospects of a recession remained elevated.
Outflows of gold from Comex vaults have accelerated. Meanwhile, there is some shuffling of inventories of silver.This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.
The Federal Reserve just gave us the biggest interest rate hike since 1994. A month ago, we were told a 75 basis-point hike wasn't on the table. It almost seems like the central bankers are winging it. Or as Friday Gold Wrap podcast host Mike Maharrey puts it, it's like they're playing darts while wearing blindfolds. In this episode, Mike breaks down the rhetoric coming out of this Fed meeting and speculates on what might be next.
Chile's copper output continues to be lower than expected, even with billions invested in new projects added over the past decade. This is the Falling EROI of Chile's Major Industry as falling ore grades, higher energy costs, and water shortages plague the world's largest copper producer...
Lastly, under current conditions, the projected sales of gold in 2022 are nearly 10 times that of 2019. This is a substantial increase not reflected in the paper price. Ongoing supply disruptions and rising demand may force local dealers to raise their own prices in the future.
Hold Onto Your Seat - Maybe Gold Is the Foundation of the Monetary System After All!: RickardsJun 16, 2022 - 13:03:11 PDT
The Fed doesn’t like to talk about gold, but maybe the entire monetary system is based on gold after all. One day we might just find out the hard way.
I couldn’t sleep at all last night … after The Fed cranked up their target rate 75 basis points. The odds of a recession grew to 71.7% as The Fed hikes rates. Over the next 24 months, t…
If the Fed really wants to be transparent and keep the public informed about the nature of monetary policy, a broader discussion needs to take place, preferably to include alternatives to the present discretionary government fiat money system—and sooner than 2025.
U.S. Inflation To Keep Running Hot: Traders See 4 Straight Months of 9% or Higher CPI Readings: MWJun 16, 2022 - 12:39:21 PDT
Just a day after Federal Reserve policy makers delivered their biggest rate hike in 28 years, the U.S. inflation outlook continues to look dire in one obscure part of the financial market. Traders of so-called fixings, or derivatives-like instruments related to Treasury inflation-protected securities, expect four straight months of annual headline consumer-price index readings at roughly 9% or higher...
Jun 16, 2022 - 12:29:28 PDT
The monthly payments made by people who have purchased a new vehicle hit a record high in May, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index (VAI).
The Biden Administration's Ignorant Energy Policies: Higher Gas Prices Are Only the Beginning | Doug FrenchJun 16, 2022 - 12:27:46 PDT
While Americans angrily grit their teeth while filling their gas tanks, the very first United States special presidential envoy for climate said: This year, we have to implement those promises and what it means is that we have to decarbonize the power sector five times faster than we are right now.
Jun 16, 2022 - 12:24:30 PDT
Instead of Helping Americans Battle Rising Prices, Biden Escalates 'Big Oil' Blame Game.
Jun 16, 2022 - 12:13:42 PDT
A record-high 50% of Americans say the state of moral values in the U.S. is poor, while 37% think it is fair and 13% excellent or good.
Another US Food Processing Plant Erupts In Flames: List of Latest Plant DisruptionsJun 16, 2022 - 12:10:31 PDT
While the fire seems insignificant, it's part of a much larger issue of a spate of "accidental fires," one by one, taking out America's food supply chain over the past year (source of the list via The Gateway Pundit):
"We Are Teetering On The Edge": Food Shortage Mount As PA Farms "Crushed" By Record Diesel PricesJun 16, 2022 - 12:08:10 PDT
One farmer who works on about 3,500 acres burns through about 2,000 gallons of diesel per month, he said. “If the farmers cannot get crops out of the ground, then there is not food on the shelves.”
The rhetoric at the NATO summit this week is predictable: we must send more weapons to Ukraine! But behind the rehearsed facade, there are increasing cracks in the alliance...and among the peoples of Europe. Even Blinken is changing his tune a bit...
Jun 16, 2022 - 10:02:13 PDT
Inflation remains the center-stage villain in the economy right now, with the latest Consumer Price Index coming in at a 41 year high of 8.6%. But is there a bigger bad lurking behind the scenes? Could deflation be the real threat here, just waiting to pounce after today's hot inflation has burned itself out? To explore this, I'm thrilled to welcome Stephany Pomboy back to the program. She's been concerned about the deflation spectre for a good while.
Jun 16, 2022 - 09:32:31 PDT
I’m asking: Is there ANY end to inventing money out of thin air?
Anti-Oil Lobby Faces Reality Check As Global Demand Is Set To Break RecordsJun 16, 2022 - 09:31:49 PDT
UN Secretary General Guterres has spoken out against new investment in oil and gas, but his claims clash with the reality of increasing global demand for fossil fuels
The US rate is at a 40-year high, the UK is effectively in recession and demand for Chinese goods is slowing. And it may get worse.