Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The May jobs report was widely regarded as strong. The US economy added 390,000 jobs, according to the latest data. But a deeper dive into that data reveals that the labor market might not be as strong as the mainstream spin is leading you to believe. Even with all the new jobs, hiring slowed in five out of eight sectors.
Why haven't gold and silver rallied as one would expect in such a high inflation environment? In this episode of the Friday Gold Wrap, host Mike Maharrey delves into some of the psychology driving the markets and explains why it could be blinding people to just how serious the economic situation has become. He also reports some news that indicates some people may be starting to figure it out.
While the Western media outlets are full of the Western elite meeting in Davos discussing the latest in technocracy, there was another meeting held at the same time in the East. Specifically, the Eastern elite has met in Bishkek in the Kyrgyz Republic to discuss the end of globalization and a new beginning of something that will be very different than what we in the West are used to.
Gold Price soared to its highest in nearly a month, holding near a daily top at $1,869.75 a troy ounce. The American dollar gave up ground on Thursday after rallying in the previous session, with additional pressure coming from easing government bond yields and the better tone of Wall Street.
Tennessee has become the 42nd state in the U.S. to remove sales taxes from constitutional sound money...
Silver prices climbed higher despite that the dollar and yields increased. Gold prices fall amid higher yields that increase the opportunity cost of holding gold and underpin the dollar.
With supply trends likely unable to keep up with longer term demand, silver has some compelling fundamentals that could make it a smart pick in today’s market environment.
It's "Unprecedented" - Goldman President Echoes Dimon's "Hurricane" WarningJun 2, 2022 - 12:51:28 PDT
A day after JPMorgan CEO Jamie Dimon accelerated his anxiety level for the future from "storm clouds" on the horizon to an imminent "hurricane", Goldman Sachs President John Waldron piled on with the pessimistic opinions.
Excessive Stimulus Caused Inflation, An Intelligent Twelve Year Old Was Able To Predict It: GundlachJun 2, 2022 - 12:42:02 PDT
Excessive stimulus caused inflation. An intelligent twelve year old was able to predict it. Ms. Yellen, long serving Fed Chair…..yes, Fed Chair,…admitted today she was not. On the inflation bright side, and it is a very bright side, Build Back Biden did not pass.
The GDPNow Forecast was at 2.5 percent on the May 17 retail sales report. It's now 1.3 percent and falling fast.
It is still very early, in our analysis, in the rotation cycle out of overvalued growth equites and low yielding fixed income securities and into commodities. It is just like early 1973 and early 2001 in our view the three charts below help make evident:
The World Gold Council reports a significant increase in demand for gold in the first quarter of 2022, compared to the previous year, with hikes in gold investments in exchange-traded funds.
Jun 2, 2022 - 11:39:21 PDT
Global demand surged 19% to 1.05 billion ounces in 2021, hitting a 6-year high, and is expected to continue its upward trajectory. according to the Silver Institute's World Silver Survey 2022. It said demand for silver could reach a record high of 1.112 billion ounces in 2022, adding that despite r…
White House Is ‘Almost Trying’ To Increase Inflation: Former White House EconomistJun 2, 2022 - 09:22:28 PDT
White House trying to fight inflation is like having an ‘arsonist trying to shut out a fire’: Former White House Council of Economic Advisers Chair Tomas Philipson discusses the White House’s attempt to combat inflation.
Americans aren’t buying the idea that we can spend our way out of this mess.
Why the public has lost confidence in claims to authority.
A new poll shows 53 per cent of Republicans said the nation seemed to be heading toward civil war in a new poll, with 39 per cent of Democrats agreeing with the statement.
Over the past 12 months as a whole, rent prices have spiked by 15.3 percent nationally.
The Most Splendid Housing Bubbles in America, May Update: Mania at Eve of Holy-Moly Mortgage RatesJun 2, 2022 - 08:03:12 PDT
Purchased in a panic when mortgage rates averaged 3.2% to 4.2%, just before the majestic spike.