Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Social Security Recipients Have Lost 40% of Their Buying Power Since 2000Jun 13, 2022 - 12:55:20 PDT
Social Security recipients are on track to receive the biggest cost-of-living raise in four decades as white-hot inflation rapidly shrinks the buying power of retired Americans.
The chart shows the price of Crude Oil from the start of 2007 to the end of 2009 (blue line) as well as the price from the start of 2021 (red line). The scale is the same and the price development seems uncannily similar. If this analog is to continue, we can anticipate that Crude Oil should top out around July and then proceed to decline markedly (ok, crash) into 2023.
US inflation surged to a 41-year-high of 8.6% in the year through May, according to data the Bureau of Labor Statistics released on Friday.
Americans Are Increasingly Worried About Red-Hot Inflation, Jobs & Their Deteriorating FinancesJun 13, 2022 - 12:31:39 PDT
The latest read on consumer expectations from the New York Federal Reserve comes days after an inflation report for May that rattled markets.
The yield on the 10-year U.S. Treasury note was on pace for its highest close since 2011, propelled by fears that persistent inflation could push the Fed to raise rates higher than expected.
U.S. Corporate Debt Hit Hard as Inflation Shock Intensifies Economic FearsJun 13, 2022 - 12:20:40 PDT
U.S. corporate bonds were pummeled on Monday as expectations of an aggressive rate hiking cycle, following hotter-than-anticipated inflation data last week, intensified concerns over the economic outlook and companies' ability to repay their debt. The prices of major exchange-traded funds tracking both the investment grade and the high-yield U.S. bond market dropped...
Backward momentum comes as index falls back into bear market territory.
Wall Street is afraid to buy the dip this time.
Bitcoin’s swift descent means its investment has had negative returns. At the end of the first quarter, MicroStrategy said the acquisition cost was $30,700 per bitcoin, net of fees and expenses.
U.S. households' one-year inflation expectations rose to the highest recorded level in May.
We Are Trading Like It's A Race Which Central Bank Can Crash Their Economy The FastestJun 13, 2022 - 12:02:11 PDT
Big moves in high volumes -- that’s where we are at so far today. Eurodollar futures are down 20-23 ticks in the red pack and 17-19 ticks in greens, with volumes over 200% of the 7-day average during the last five hours of trading. Spicy.
Folks looking for yield have options now. Won’t beat inflation, but won’t get their face ripped off either.
Hello EU and President Biden "There Is No Alternative" to Russian energy.
Former Obama administration Treasury Secretary Larry Summers predicted the United States will enter an economic recession and suggested the possibility of yet higher gas prices than the country is currently seeing.
The Fed claims it wants to end inflation… but it can’t. Sure it can talk tough, but we all know the Fed is going to “take a knee” sooner rather than later. Why?
Data from the U.S. Mint shows that sales of American Eagle and Buffalo gold coins totaled $365 million (or 199,000 ounces) in May, reports WGC.
Jun 13, 2022 - 08:50:05 PDT
We could all be on the cusp of the most deadly inflation the world has ever experienced, due to a unique setup of global forces that have the power to accelerate that into happening in a surprisingly short amount of time. I’m going to tell you how that could happen more quickly than anyone appears to expect….
Jun 13, 2022 - 08:44:27 PDT
Inflation at current levels is a severe economic, social, and political problem – a scourge that disproportionately affects the poor and the financially unsophisticated. So, why are the Federal Reserve, the European Central Bank, and the Bank of England actively fueling it?
The spotlight last week was on consumer credit. Let's have another look.
Jun 13, 2022 - 08:39:43 PDT
Over 20 million households are behind over $23 billion on their utility bills as we head into a blisteringly hot summer.