Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
For the second time this year, significant portions of the yield curve are inverted (shorter-term treasuries yield more than longer-term treasuries).
Ethereum crashed below support. Let's discuss much of the crypto space including Bitcoin, Dogecoin, and coins allegedly staked 1:1 to Ethereum
Stocks Open With 5th Largest 'Sell Program' In History; Bonds, Bitcoin, & Bullion All BatteredJun 13, 2022 - 08:26:58 PDT
US cash equity markets opened with no panic-bid, instead being met with a wall of selling after the ugly overnight futures session.
There are growing fears that the Federal Reserve and other central banks could risk tipping the economy into recession.
The real goal of policy makers is keeping the euro zone’s weakest members from leaving the currency union — and that may be impossible.
Bank of Japan Governor Haruhiko Kuroda is quickly discovering the unpopularity of his remarks on inflation after a local media poll found a majority of the public saying he shouldn’t be at the helm of the central bank.
With the yen at a 24-year low, Tokyo stocks down the most since March and bond yields hitting its ceiling, the Bank of Japan is under duress having to defend a policy the rest of the world is quickly moving on from.
World Trade Organization chief Ngozi Okonjo-Iweala expressed cautious optimism on Sunday that more than 100 trade ministers meeting in Geneva would achieve one or two global deals this week, but warned the path there would be bumpy and rocky.
U.S. Defense Secretary Warns That China’s Military Is Increasingly Aggressive: WSJJun 13, 2022 - 06:10:24 PDT
Lloyd Austin says Chinese aircraft and ships are engaging in provocative behavior in Indo-Pacific.
‘Stop Smearing’ China: Chinese Defense Minister Accuses U.S. of Creating ‘Conflict & Confrontation’Jun 13, 2022 - 06:08:49 PDT
China's defense minister has accused the U.S. of "smearing" Beijing and says Washington is trying to "hijack" countries in the Indo-Pacific region.
Jerome Powell could deliver a hawkish surprise on Wednesday even after effectively pre-announcing 50 basis-point interest-rate increases at the Federal Reserve’s meeting this week and in July.
Kraft, Tyson, McDonald’s owners say higher fuel, labor and ingredient expenses are driving inflation.
Traders are beginning to fear once more about excessive ranges of presidency debt within the eurozone, because the prospect of rising rates of interest revives issues which have largely lain dormant in recent times. Borrowings by debt-laden nations together with Italy, Greece and Spain have elevated within the decade because the area’s sovereign debt disaster...
Jun 13, 2022 - 05:45:52 PDT
Under attack from Republican lawmakers at a congressional hearing this week, Janet Yellen offered a spirited defence of Joe Biden’s efforts to bring down high
Jun 13, 2022 - 05:40:05 PDT
Black Monday! Off to bad start this week. The 10-year Treasury yield rose 11 basis points at 8am EST while the S&P 500 E-mini futures are down -2.5%. And then we have this scary chart of mortga…
Jun 13, 2022 - 05:35:36 PDT
The Federal Reserve is making up for Bernanke and Yellen’s “too slow to remove” Fed stimulus policies (QE1 – QE3) and Powell’s Covid-related QE4. Now The Fed is trying to remove the stimulus in a (misguided) attempt to cool inflation. Remember, the dramatic rise in prices was caused by more than Fed stimulypto, it was also caused by Biden’s executive orders driving up oil, gasoline and natural gas prices and the massive Federal spending bills signed by Biden.
Jun 13, 2022 - 05:31:47 PDT
Despite what Treasury Secretary Janet Yellen has said, Friday’s inflation report demonstrated that inflation is no longer transitory. And with that realization, there was a dearth of bidders for Agency Mortgage-backed Securities (Agency MBS) on Friday.
Jun 13, 2022 - 05:26:47 PDT
Regular gasoline prices have breached the $5 a gallon barrier, the highest in recorded history. And it is even worse in states like California where regular gas prices have been above $7 per gallon.
Black Monday: All Hell Breaks Loose As Stocks Plunge Into Bear Market, Curve Inverts, Cryptos CraterJun 13, 2022 - 05:19:52 PDT
All hell is breaking loose on Monday, with futures tumbling (again) into bear market territory, sliding below the 20% technical cutoff from January's all time high of 3,856 and tumbling as low as 3,798.25 - taking out the May 10 intraday low of 3,810 - before reversing some modest gains. S&P 500 futures sank 2.5% and Nasdaq 100 contracts slid 3.1%, in a session that has seen virtually everything crash. Dow futures were down 567 points at of 730am ET.
After running a budget surplus in April thanks to an influx of tax-day tax receipts, the federal government reverted back to running a deficit in May.The budget deficit was $66.22 billion last month, according to the monthly Treasury statement. That raises the current fiscal year deficit to $426.2 billion with four months left to go.