Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
U.S. benchmark natural gas prices jumped to above $9 per million British thermal units (MMBtu) early on Wednesday, driven by high LNG exports, warmer weather, and volatile trade ahead of the prompt-month contract expiry
May 25, 2022 - 11:41:24 PDT
*Biden on Gasoline Prices
Amazing doublespeak, acting against higher prices but welcoming them. That's worth a hoot.
*Ruble Too Strong, Putin Takes Action
Recall Biden bragging about the collapsing ruble. The next Tweet ties it all together.
Russia has the money pouring in thanks to sanctions. What a hoot...
May 25, 2022 - 11:38:32 PDT
The reason why home prices are still raging at 17.3% YoY? The Fed’s monetary stimulypto is STILL in place! The Fed’s balance sheet (green line) is still staggering, and The Fed Funds target rate (white line) is a measly 1%.
FOMC Minutes Signal Fed Ready To Hike Above 'Neutral', Backs Multiple 50bps HikesMay 25, 2022 - 11:08:35 PDT
Since the FOMC Statement and press conference on May 4th, a lot has changed...making the Minutes for that meeting somewhat 'meh'.
The 1st and 2nd Amendments have always been under attack, and they always will be. That should give you a good indication as to how important they both are. Every individual is free to do good, or to do ill. Everyone has a choice to lie or commit criminal acts of violence. Thus, the freedom to speak the truth (1st Amendment) and to defend oneself against criminality (2nd Amendment) are paramount.C
The dollar's rally to two-decade highs appears to have stalled, with doubts growing on whether the U.S. economy will prove as resilient and monetary policy as aggressive as previously expected.
Housing Bubble Getting Ready to Pop: Unsold Inventory of New Houses Spikes by Most Ever, Since 2008May 25, 2022 - 09:20:21 PDT
Stocks of homebuilders swoon amid worst inflation in construction costs, shortages, and spiking mortgage rates that take buyers out of the market.
The commerce department released its new residential constructing report today.
Allegedly there is a 9 months supply of new homes for sale.
Federal Reserve Bank of Atlanta President Raphael Bostic has cracked open the door to discussing a September pause in the central bank’s aggressive rate hikes -- a move that will only be on the table if inflation falls more than expected over the summer.
May 25, 2022 - 08:42:41 PDT
Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 20, 2022. The Refinance Index decreased 4 percent from the previous week and was 75 percent lower than the same week one year ago. And under Biden, the refinance index is down -83.2%.
“Non-interest bearing gold is a safe-haven again and it could be on the verge of a major breakout if prices can recapture the $1885 level,” said Moya. “A peak in Treasury yields is in place and now the dollar looks like it is ready for a pullback as the ECB is ready to raise rates which is good news for the euro.”
Wall Street’s Inflation/Deflation, Boom/Bust cycles continue unabated. Progressively greater doses of helicopter money and debt monetization should ensure these cycles will continue to grow more dangerous with each iteration. That is really bad news for most investors. But for those who know how to trade these dynamics, it may just provide more opportunities to shine.
The current combination of threats to the global economy represents “a bit of a perfect storm,” Standard Chartered Plc Chairman Jose Vinals said, adding to a series of dire warnings about the outlook from the World Economic Forum in Davos.
The sad memories of the 2008 financial crisis resurfaced on the markets after a cryptic tweet from 'Big Short' legend Michael Burry.
Fading Confidence Fed Can Avoid Recession, Even Among Fed Officials, Is Hurting Markets: AnalystsMay 25, 2022 - 06:12:21 PDT
Jerome Powell's words suggest the Fed is growing less certain it can avoid recession, triggering a sell-off that has sent S&P 500 into a bear market.
Wealth Destruction: Deutsche Bank Shows What Could Happen to Assets Like Stagflationary 1970s: MWMay 25, 2022 - 06:05:27 PDT
The 1970s were not so great when it came to stocks, says this Deutsche Bank survey.
The yen’s recovery from a 20-year low is picking up pace, with options markets and analysts suggesting the rebound has some room to run.
Demand for the Federal Reserve's reverse repurchase (RRP) facility has surged in the last few weeks, as the U.S. Treasury Department's reduced supply of short-term bills left investors few options to park excess cash. Reverse repos are conducted by the New York Fed's Open Market Trading Desk.
We know from the 1970s that the time to throttle an inflationary upsurge is at the beginning...
Fed Chairman Jerome Powell dallied as labor markets overheated and told us all the money he was printing didn’t matter. Now, he believes he can bring down inflation without inflicting too much unemployment.