Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
May 31, 2022 - 08:11:00 PDT
Yes, its the housing market’s version of “March Madness!” The Case-Shiller National Home Price Index for March was released this morning and it was a doozy. The Case-Shiller National home price index YoY accelerated to a whopping +20.55%. And at +20.55%, it is the fastest price growth in history! Even the peak of the infamous 2000s housing bubble was only +14.51% in September 2005.
May 31, 2022 - 06:12:53 PDT
Markets opened after a long (and expensive) Memorial Day weekend, with the 10-year Treasury yield up 8.1 basis points. Meanwhile, banks continue to park funds at The Federal Reserve in the form of reverse repos as global inflation soars.
May 31, 2022 - 06:10:33 PDT
Nobody spends other peoples’ money like politicians and now The Federal Reserve. Who are also DC-based politicians.
China's cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how provincial governments implement them.
Treasuries slumped as renewed inflation woes sustained bets for multiple Federal Reserve rate hikes in coming months.
Biden To Meet With Federal Reserve Chair To Discuss Economy Amid High InflationMay 31, 2022 - 06:05:11 PDT
President Biden will meet Federal Reserve Chairman Jerome Powell on Tuesday to discuss the national economy amid high inflation, which has hurt Biden’s job approval rating. It’s the first meeting between Biden and Powell since November, Bloomberg noted. A schedule released by the White House...
Fed’s Waller: If Inflation Doesn’t Go Away, We Need To Raise Rates a Lot HigherMay 31, 2022 - 06:02:20 PDT
The Federal Reserve needs to move interest rates much higher and soon if high inflation does not begin to subside, Fed Governor Christopher Waller said on Monday.
Bank of Japan Governor Haruhiko Kuroda pledged on Monday to patiently stick to powerful monetary easing to help the economy recover from the COVID-19-induced doldrums, shrugging off any suggestion about a departure from its stimulus policy.
The European Central Bank’s debate over how aggressively to tighten monetary policy is likely to intensify this week in the prelude to a pre-decision blackout period as data probably show a new record for inflation.
Start-Up Investors Are Warning of Dark Days Ahead As Boom Times Are ‘Unambiguously Over’May 31, 2022 - 05:49:40 PDT
Sentiment has changed dramatically from last year, when a frenzied pace of deal-making, sky-high valuations and wild venture spending were the norm.
Reduced global fuel-making capacity is holding back supplies as drivers hit the road and demand recovers from the onset of the pandemic...
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US gasoline prices surged to another fresh record, the latest blow to motorists heading into the summer driving season.
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Consumers are growing cautious, and companies from Walmart to Procter & Gamble are altering course to reflect changing budgets. ‘Mom only has money right now for the bare-bones basics.’
Stocks and US equity futures slipped, while bonds fell Tuesday as euro-zone inflation accelerated to a fresh all-time high, intensifying the debate at the European Central Bank about how rapidly to raise interest rates...
The shock of the war in Ukraine and China's zero-COVID policy continues to signal that the pandemic supply chain woes are far from being done.
German inflation hit another post-World-War-II record high, piling pressure on The ECB's need to exit from crisis-era stimulus after numbers from Spain also printed hotter than expected.
Last week, Tennessee Gov. Bill Lee signed a bill repealing the sales tax on the sale of precious metal bullion. Ending the sales tax will relieve some of the tax burdens on investors, and take a step toward treating gold and silver as money instead of as commodities.
In the spring of 2021, the Fed was still insisting spiking inflation was "transitory." Fast forward one year. Inflation is as hot as ever. Fed Chair Jerome Powell was forced to abandon the transitory narrative last fall. In April, the CPI was up 8.3% on an annual basis. Today, Powell admits the Fed was wrong, but claims everybody else made the same mistake.Well, not everybody, as the following clips prove.
In Tom's newest update, he talks about the Gold and Silver market and why Gold is holding up better than silver. However, Tom believes silver will likely catch up with gold's gains in the future. Even though demand for both precious metals is strong, the silver premiums have been falling a bit while gold premiums, especially for the Gold Eagles have been increasing. Tom also suggests that it's important to continue to Dollar-Cost Average for your metals purchases because it may become difficult...
IMPORTANT METALS UPDATE MAY 30th: Has The Silver Price Bottomed & What's Happening With PremiumsMay 30, 2022
Precious metals investors are wondering if the Silver Price is close to bottoming. In this newest update, I provide my analysis of the silver market and how close we are to bottoming. Also, I discuss what is happening with Silver Premiums and why we may be close to seeing a tightness in the wholesale silver market...