Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
The price analysis last month identified the near-term risk that gold could fall below $1880 and even $1850 despite a medium-term bullish outlook. The $1800 level was identified as a key marker for keeping the bull move intact. So far, that has held and produced a solid bounce back towards $1850 which becomes the next hurdle.
METALS & MARKET UPDATE MAY 22nd: Important Silver Charts & Dozens Of Countries At Risk Of CollapseMay 22, 2022
With dozens of countries facing collapse due to the ongoing economic contagion, demand for precious metals will likely surge in the future. This is especially true for silver due to its relative scarcity and low price. In this update, I show which countries are facing collapse and why the downside of silver is limited while the upside will be explosive...
Well, the S&P officially entered bear market territory yesterday. How significant a development is this? Does this mean those waiting for a relief rally will be disappointed? Is now the "last chance to sell" before prices plunge further? Not necessarily. Financial advisor Lance Roberts lays out the probabilities and shares how his firm is trading the recent volatility.
“If Stocks Are Going Limp, Bitcoin, Gold and Bonds Could Rule 2H — The propensity for Bitcoin to outperform most risk assets and gold most commodities, may play out in 2H, particularly if the stock market keeps succumbing to FederalReserve jawboning.”
* Gold headed for first weekly rise in five weeks * U.S. dollar headed for worst week since early February. Gold edged up on Friday, heading for its first week of gains in five on persistent worries...
"Is 'Putin's Price Hike' real? Are supply chain disturbances the most significant source of inflation, or is there more to the story? Thomas Hogan gives us his perspective on the causes of inflation."
Where are the US economy and the other advanced economies of the world now? In a word, stagflation. Stagflation (declining economic growth with rising inflation) is the new reality, and there are three main clusters of factors that have led to the present stance of the economy.
Consumer price inflation has risen to 8.3 percent in April 2022 in the United States and 7.5 percent in the euro area. This raises the question of who is responsible. In the US, President Joe Biden has argued that 70 percent of inflation in March is attributable to Russian president Vladimir Putin.
Goldman CEO David Solomon told CNBC that he thinks there is a “reasonable chance” of a recession, noting that he is advising clients to be more conservative with their finances due to the potential consequences of the Federal Reserve’s tightening efforts.
Consumer confidence in the UK has dropped to the lowest level since records began nearly five decades ago, business intelligence firm GfK has said.
It’s no secret that, according to politicians and the corporate press, “food shortages” and a “food supply crises” have been on the way for a while now. They have been regularly predicted for several years.
A court ruling throws the future of regulation into doubt.
Having explained the reasons behind his predictions of a hard landing ahead for stocks, bonds & the housing market, macro analyst Wolf Richter returns here in Part 2 of our interview with him to explain just how low prices may go.
Stocks’ performance has been so abysmal of late that the complex risks an unwelcome record just as commodities keep motoring. The MSCI ACWI Index is on course for a record run of weekly losses. Raw materials? They’re up again.
Rising recession fears pushed U.S. stocks into a bear market on Friday with the S&P 500′s decline from its all-time high in January now reaching 20%.
May 20, 2022 - 09:00:35 PDT
There is seldom any meaningful accountability for government incompetence.
May 20, 2022 - 08:49:54 PDT
Inflation Fightin’ Fed? Kansas City Fed President Esther George said The Fed isn’t focused on impact of rates on stocks (or pension funds, apparently). The inflation that is crushing American…
History suggests markets bottom after the yield on the 10-year treasury note drops significantly. The implications are ominous.
May 20, 2022 - 08:30:48 PDT
In @ > 17:20 minutes, Erik Townsend and Patrick Ceresna welcome Louis-Vincent Gave to MacroVoices. Erik and Louis discuss: Global financial system meltdown and US dollar’s loss of hegemony and much more.
President Joe Biden’s approval rating dipped to the lowest point of his presidency in May, a new poll shows, with deepening pessimism emerging among members of his own Democratic Party. Only 39% of U.S.