Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Inflation wasn't transitory.And inflation hasn't peaked.It's more like peak inflation was transitory.
Michael Saylor was $4 billion in the money last year as bitcoin approached $70,000. Seven months later, he is losing almost $1 billion. When bitcoin was topping, he was persuading everyone how bitcoin is the best investment ever. Interestingly, not a peep on any of this from him now. As the market makes new lows daily, it will be interesting to see when comes the margin call. My prediction: bitcoin's low will be in the day Saylor is forced to sell.
MARKETS & ENERGY UPDATE JUNE 12th: Retiring Nuclear & Coal Is Pushing The U.S. & World Over The Energy CliffJune 12, 2022
The insane policies of reducing nuclear and coal-fired power generation while adding more natural gas and green energy are pushing the world over the energy cliff. I spoke about this with Palisades Radio, Doomberg, and the Market Sniper in our five-discussion on Twitter spaces this past Friday. Tom at Palisades will be putting out a Youtube recording of this chat shortly...
Weekly Market Recap: Inflation Spikes, Stocks & Bonds Drop, And The Market Outlook WorsensJun 11, 2022 - 10:03:40 PDT
In this week's recap, Lance Roberts and Adam discuss the weakness in stocks & bonds the developed as the week progressed, exacerbated by Friday's 8.6% CPI inflation print.
For an informed perspective, we're fortunate to be joined by macro analyst Lyn Alden, who believes we're now in an "economic deceleration" miring us in stagflation. She has just returned from speaking at an international conference in Norway and is speaking to us despite having just come down with COVID.
After running the largest monthly surplus ever in April, the Treasury was back to running deficits in May. The Federal government spent $455B in May and collected $389B in taxes, which resulted in a net deficit of $66B.
It was a CPI report for the ages: with most already expecting a hotter than expected print (thanks to JPM), that's precisely what they got and then some.
Gold prices have been “remarkably resilient given (rate) hiking expectations, and a softening physical market” on concerns that inflation may outpace rate hikes, said Standard Chartered analyst Suki Cooper.
Today’s terrible inflation super-spike fueled by extreme Fed money printing is the first since the 1970s, when gold rocketed up by multiples.
Silver is going to explode in price to such an extreme extent that leverage is not required. All that is required is an open mind and eyes.
Rand Paul Demands Yellen Testify Before Small Business Panel As Americans Struggle With InflationJun 10, 2022 - 12:44:42 PDT
Paul, who serves as the ranking member on the Senate Small Business Committee, led a letter to Yellen Thursday, signed by the Republican members of the panel, asking that the secretary fulfill her legal requirement to testify, especially as rising inflation is greatly impacting Americans nationwide.
Former Treasury Secretary Lawrence Summers said the Federal Reserve has failed to account for its mistakes and to realize the damage to its credibility after the latest inflation data dashed hopes that a peak had been reached.
Jun 10, 2022 - 12:28:58 PDT
In the northern summer of 2015, America caught a glimpse of how its future could unfold. The US military conducted a routine exercise in the South that triggered a cascade of conspiracy theories, particularly in Texas. Some believed the manoeuvre was the precursor to a Chinese invasion. Others thought it would coincide with a massive asteroid strike.
China's defense minister threatened the United States with war over Taiwan during an heated exchange between Chinese and American defense officials.
US relations with China are likely in the worst state since former President Richard Nixon’s historic trip in 1972 helped re-establish diplomatic ties between Washington and Beijing, according to Nicholas Burns, the current American ambassador to the Asian nation.
"Whether China’s currency will shave off a sizable portion of the dollar’s global usage is yet to be seen. Still, there is no doubt that the world is entering a new monetary rebalancing." ~ Ethan Yang & Dorothy Chan
Social Security: Whistling Past The $96 Trillion Graveyard: Lance RobertsJun 10, 2022 - 12:07:58 PDT
Social security faces a $96 trillion, and growing, unfunded liability. It is a problem that won't be fixed by minor tweaks to the programs.
Jun 10, 2022 - 12:05:44 PDT
June 10, 2022 On the heels of rising inflation, some good news is for retirees collecting Social Security benefits.
Gold Books Best Day in a Week Friday, As Hot Inflation Data Rattles Wall StreetJun 10, 2022 - 11:52:34 PDT
Gold prices soared on Friday after May inflation data came in hot, shattering hopes that high costs of living in the U.S. might be buckling as the Federal Reserve works to tighten financial conditions.
In a deflating economy that seems inevitably headed into a recession, consumers will start pulling back. Among the first luxuries to go would appear to be online entertainment. Netflix, which had forecast first-quarter subscriber growth of 2.5 million, instead lost 200,000.