Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Simply put, the idea of increasing spending right now, while the country is arguably in the worst financial shape it has ever been in, is simply unconscionable.
Gold prices gained on Monday, supported by a slight pullback in the dollar, with investors watching out for U.S. inflation data and major central bank policy meetings to shed light on the path of interest rate hikes. Spot gold rose 0.2% to $1,853.89 per ounce by 1033 GMT, having slipped off a near one-month high of $1,873.79 on Friday. U.S. gold futures were up 0.4% at $1,856.80.
s there a big pool of unspent fiscal stimulus money that will support consumption going forward?
hortages of semiconductors, car parts, and other key items that flow through supply chains are likely to remain for the foreseeable future, Citi warned in a new note.
The European Central Bank looks all but certain to announce on Thursday that its years of bond-buying stimulus are over and that high inflation means interest rate rises are imminent. "This could be the 'whatever it takes' moment for (ECB chief Christine) Lagarde as there are some doubts as to whether the ECB really could hike aggressively," said LBBW chief economist...
The nascent rebound from a two-year low in emerging-market stocks is faltering on concern the Federal Reserve and other global policy makers will fail to orchestrate a soft landing for the world economy.
With half-point interest-rate increases all but certain in June and July, Federal Reserve officials are shifting the focus away from a destination on hikes to something that’s trickier to determine and explain: the broader impact of their policies on the economy.
Inflation takes centerstage in the week ahead, with May’s CPI print in focus. Meanwhile, the Federal Reserve enters a blackout period before its next policy-setting meeting later this month.
ndeed, and the reality is nasty inflation is here to stay at least into 2023. Sure, we could get the mild recession some policymakers seem to want, and inflation may cool down as a result, but don't expect prices to pullback to levels you once deemed reasonable.
n 477 U.S. cities, the typical home value at the end of April was below peak levels from the early 2000s.
For the last decade and certainly during the pandemic, real estate in the Hamptons (and anywhere located outside of major U.S. cities) was in such high demand that prices skyrocketed and inventory became sparse.
Jun 6, 2022 - 05:14:15 PDT
The national average price for a gallon of gas is projected by Sunday to top $4.80 or twice as much as the day President Biden took office.
Saudi Arabia raised oil prices for its biggest market of Asia by more than expected as the region’s main economies ease coronavirus restrictions, helping boost demand.
Americans at the low end of the income rung are once again struggling to make ends meet. A confluence of factors — the expiration of federal stimulus checks and surging inflation on staples like gas and food — are driving an even bigger wedge between the haves and have-nots.
Please note: the COTs report was published 6/3/2022 for the period ending 5/31/2022. “Managed Money” and “Hedge Funds” are used interchangeably.Since the peak on March 8, Managed Money has massively reduced its Net Long positions by 98k contracts or 66%. Despite massive selling, the gold price has actually held up fairly well. The last time Managed Money net longs dropped this low in February, gold was struggling at the $1800 level, versus the struggle at $1850 now.
Peter Schiff recently appeared on Tucker Carlson to talk about inflation, the economy, and Treasury Secretary Janet Yellen's admission that she was wrong about inflation. There's an economic hurricane on the horizon and Peter said it's going to be a Cat 5.
GLOBAL RECESSION UPDATE JUN 5th: Global Auto Sales Continue To Collapse & U.S. Retail & Housing Inventories Explo...June 5, 2022
The U.S. and global economy are heading towards a massive recession while the broader stock markets continue to believe in GREEN SHOOTS and HOPIUM. Not only are U.S. auto sales down considerably this year, they just simply COLLAPSED in May. Also, the popping of the Mighty U.S. Housing Bubble has begun as home inventories are now back on the rise. This all points to a large Disinflationary Wave...
The job of a bear market is to make as many people as possible lose as much money as possible. In this week's Market Recap, financial advisor Lance Roberts returns to explain that while he doesn't think the bear market is over, it will likely need to sucker in the bulls before taking its next major leg down.
The skyrocketing oil and natural gas prices are now impacting the global gold and silver mining industry much greater than a decade ago. Why? When oil was trading at over $100 a barrel from 2011 to 2014, the natural gas price was relatively low. That has all changed today as oil and natural gas prices are both at extremely high levels. Unfortunately, this is just the beginning of much higher energy prices in the future...
Why Everything That Can Go Wrong From Here Likely Will | Pomboy & AtwaterJun 3, 2022 - 14:42:12 PDT
People are tired of the malaise the markets have been mired in this year. They want to stop worrying & start making gains again. But "no bear market ever ended due to fatigue" socionomics expert Peter Atwater cautions in our new interview with him hosted by Stephanie Pomboy.