Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Only those societies which still have a functional public interest / common good will survive; those ruled by the tyranny of self-interest will fall.
May 31, 2022 - 12:19:38 PDT
Home prices have peaked. Big discounts are happening already and the sales data is very weak. Here are some discussion points.
Redfin data shows more than 20% of home sellers dropped their price in Apri.
US Inflation Won’t Slow for ‘Another 18 Months,’ Economist Steve Moore SaysMay 31, 2022 - 12:10:18 PDT
Ahead of President Biden’s meeting with Federal Reserve Chairman Jerome Powell Tuesday, former Trump administration economist Stephen Moore predicted an inflation "plateau" would provide some relief to Americans, but not anytime soon on "Varney & Co."
Many Americans hoped this would be the first normal summer after two years of Covid-19 disruptions. A chronic labor shortage means it probably won’t be.
U.S. Stock Bounce Likely Just ‘Bear Market Rally,’ Says Morgan Stanley StrategistMay 31, 2022 - 12:02:23 PDT
A rebound in U.S. stocks may have another 5% to go but likely remains just a "bear market rally," according to Morgan Stanley's equity strategist, who sees negative trends in corporate earnings and economic indicators.
The world faces a “much bigger” energy crisis than the one of the 1970s, the Executive Director of the International Energy Agency (IEA), Fatih Birol, told German daily Der Spiegel in an interview published on Tuesday.
Did you know that if Central Bank Digital Currencies were implemented today, it would lead to an implosion of the banking system as we know it? Join Mike Maloney and Jeff Clark as they explore this situation, along with more market news, valuations for silver vs the stock markets, and as always…a great Meme of the Day.
While some analysts and economists are downplaying the risk of stagflation, the EU plan to ban Russian oil could very well trigger an economic situation not seen since the 1980s
A former Goldman Sachs official now working for the Chinese giant Alibaba revealed at Davos recently that a new global tracking system of "where you go, what you eat, etc" will soon be in operation to monitor and report on how "green" individuals are behaving. What was once derided as conspiracy theory has become conspiracy fact. Also today: California deep dives into medical tyranny and MSM continues to walk back its (mis)-reporting on Ukraine.
Gold is headed for the longest run of gains in more than a month as investors sought safety in the haven asset amid disappointing economic data. Sales of new U.S. homes plummeted in April, falling well short of all estimates, dented by the combination of high prices and a steep climb in mortgage rates.
With the Federal Funds Target rate set between 0.75% and 1.0%, and the Fed’s promise to increase rates and reduce asset purchases in the coming months, some consideration should be paid to servicing the USA’s $30.5...
May 31, 2022 - 08:50:14 PDT
"Instead of risking Americans’ lives further and longer and piling America’s debt higher and wider, President Biden should be shifting security responsibilities from the US to its defense welfare recipients." ~ Doug Bandow
The president is trying to claim credit for falling deficits. Actually, his administration has overseen a $2.4 trillion increase in the long-term deficit.
Francis Hunt interviews Danielle DiMartino Booth in a must watch video, her most economically comprehensive yet.
May 31, 2022 - 08:31:10 PDT
A senior Federal Reserve official has called for the US central bank’s main interest rate to rise to a level at which it starts to stunt economic growth by the end of the year, brushing off concerns that a sharp monetary tightening would hurt the labor market.
Indeed, as The Conference Board notes, inflation remains top of mind for consumers, with their inflation expectations in May virtually unchanged from April’s elevated levels. Looking ahead, expect surging prices and additional...
May 31, 2022 - 08:24:14 PDT
Congress and the President did their part too. One can easily see it in the lead chart. With the economy already goosed, Congress passed the biggest stimulus measure in history. At the same time the Fed kept it's inane QE policy going all the way to March 2022.
Crude prices rallied after EU leaders said for the first time that they would impose an oil embargo on Russia over its invasion of Ukraine. The embargo would include an exemption for oil delivered from Russia via pipelines, an amount that makes up one-third of EU oil purchases from Russia.
The Wolf Street Report: Tech Bust Takes Next Step: Layoffs & Hiring FreezesMay 31, 2022 - 08:18:39 PDT
Dotcom Bust 2 has begun. Only bigger.