Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Amid a slew of dismal US macro data, analysts expected durable goods orders to continue to rise in preliminary April data and it did but less than expected. US Durable Goods Orders rose 0.4% MoM, less than the +0.6% MoM expected and a notable slowdown from March's +1.1% MoM (which was also...
May 25, 2022 - 05:38:22 PDT
The word recession is on the tip of everyone’s tongue. Influential investor and philanthropist George Soros is talking about it in Davos. The Federal Reserve, on the day minutes are published, is constantly being grilled about it. Stocks are getting hammered as the outlook worsens.
Russia will service its dollar debt in rubles after the expiry of a sanctions loophole closed the option of payments in the US currency, potentially putting Moscow on track to default.
Davos Day 3: IMF Dismisses Wage-Price Spiral Fears; Recession Worries Swirl – Live UpdatesMay 25, 2022 - 05:33:17 PDT
Rolling coverage of the day 3 of the World Economic Forum;
*Gopinath: Wages can rises without driving inflation
*World economy ‘not out of the woods’
*Recession on cards, but tight labour market will help
*Ukraine invasion may be start of ‘third world war’, says George Soros
U.S. equity-index futures reversed earlier gains as investors awaited minutes from the Federal Reserve’s latest policy meeting to gauge the pace of monetary tightening.
People come up with all kinds of excuses for inflation. First, they told us there was no inflation. Then they insisted that it was transitory. Then they claimed it was caused by greedy corporations. Later they shifted the blame to Putin. But none of this gets to the root cause of inflation - the expansion of the money supply by the Federal Reserve.
The Fed has barely started raising interest rates but the air is already seeping out of the housing bubble.New single-family home sales plunged by 16.6% from March and were down 26.9% year on year. New home sales dropped to the lowest level since the lockdown in April 2020.
The Global Market isn't prepared for the coming economic collapse as we head over the Energy Cliff. Even with a falling stock market, many institutions and investors are still buying the dip. This is insane because investors should be moving part of their assets and wealth into silver rather than soon to be deflating stocks, bonds, and real estate...
May 24, 2022 - 13:01:51 PDT
Every end of May, Incrementum publishes one of the most comprehensive gold studies worldwide. Here you can read and download a compact version for free. The new In Gold We Trust-Report was published on 24 May 2022.
The In Gold We Trust report 2022 covers topics including:
► Status quo of gold: price development in the last 12 months, most important influencing factors and trends on the gold market
► Stagflation 2.0
So, mathematically speaking, gold represents diversification away from the stock market; their risks and rewards are totally different. Interestingly, though, gold’s diversification doesn’t stop there.
This means that the prospect of slower economic growth, which is already happening in China, could relieve the pressure on the Federal Reserve to keep interest rates high for longer, allowing the precious metals to gain.
All that obviously means gold is undervalued. That is why, in my opinion, many assets may crash in gold terms. But I fully admit I cannot predict when and by how much the gold prices would shoot. However, when the market realizes this, it will most probably be too late. Gold is a perfect hedge against fiat currency devaluation and is a good asset to hold when many other asset classes are over-popular in spite of the stock market correction this spring.
Traders are offloading sector-specific funds at the fastest pace on record as the looming bear market seemingly spares no corner of the equity market.
What’s more, Wall Street lenders just might survive inflation. They probably wouldn’t survive mass defaults. And if there is any certainty in this uncertain world, it is that the Fed will look out for the banks.
May 24, 2022 - 12:00:55 PDT
"There is no prospect for a material reduction in inflation unless the Fed aggressively raises rates, or the stock market crashes," Ackman tweeted.
Join Mike Maloney and Jeff Clark in today’s video update, in which they discuss Jeff’s recent appearance at the VRIC conference in Vancouver. You’ll also learn some of Mike’s personal investment history and why purchasing regularly has worked so well for him.
Fortunately for the United States, our national debt is in U.S. dollars. As former Federal Reserve Chairman Alan Greenspan once observed, “The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.”
May 24, 2022 - 11:07:30 PDT
Global debt surged to a record $305 trillion in the first three months of this year as the US and China, the world’s two largest economies, continued to borrow amid slowing economic growth exacerbated by Russia’s war in Ukraine. Total debt climbed by $3.3tn in the January-March quarter, the Institute of International Finance said on ...
Sri Lanka is already wracked with shortages. The social order may shatter if the economy isn’t infused with cash soon.