Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
May 16, 2022 - 09:14:54 PDT
The Russian ruble has turned into the world's best-performing currency this year, as its onshore rate is up more than 11% against the US dollar so far in 2022.
At no point since the first atomic bomb was dropped on Hiroshima on August 6th, 1945, has humanity been closer to the unthinkable. All the safeguards of the Cold War era, which categorized the nuclear bomb as “a weapon of last resort”, have been scrapped.
May 16, 2022 - 08:56:35 PDT
Putin parroted the veiled hypersonic missile threats in a tense phone call with Finland - and now appears to be putting his money where his mouth is.
Yes, the central bankers were fast to tell us we needed some inflation and everything is "data-dependent." This translates into the idea central banks have the ability to, and will squash inflation if it begins to run too hot. Well, they better start squashing. The only other option is that we as a society get a great deal more productive or inflation is here to stay. With so many people choosing not to work or unable to find jobs that add substance to the economic pie, that is unlikely.
Hospitals in the United States are on high alert, with some doctors prioritizing patients in critical condition as the prolonged lockdown in China’s Shanghai has caused a global shortage of chemicals used in medical imaging.
May 16, 2022 - 08:36:46 PDT
Policies leading to a war on fossil fuel as well as the Russian invasion of Ukraine will contribute to a food crisis, according to Robert Unanue, President and CEO of Goya Foods. “We are on the precipice of food shortage.”
May 16, 2022 - 08:35:43 PDT
The world’s largest oil exporter disclosed in its first-quarter 2022 results that it has made $39.5 billion in earnings in the first quarter of 2022, an 83 percent rise year on year, boosted by increased demand and sharply rising prices.
May 16, 2022 - 08:34:51 PDT
The Biden administration needs to reverse its course of "reckless spending" and reliance on foreign nations for energy ...
Central Banks and Politics will be the dominant theme this week/month/year. Politicians are anxious to show inflation and recession are not their fault. Blame Central Banks! The Politics of Blame has profound consequences for markets.
Global Bubble deflation gathered additional momentum this week. The U.S./global tech Bubble collapse accelerated. Hit by panic “runs”, the historic cryptocurrency mania is coming completely unglued. And even more historic Chinese apartment, financial and economic Bubbles continue to falter.
May 16, 2022 - 08:14:36 PDT
The Empire Strikes Out! The Empire State Manufacturing Survey is out this morning and its not good. The General Business Conditions Index fell to -11.6. Also, President Biden is signing a treaty gi…
May 16, 2022 - 08:07:15 PDT
I am not surprised. Take a look at The Fed’s Overnight Reverse Repo operations. As inflation surged in 2021 and 2022, banks are parking more funds at The Fed. Fear?
May 16, 2022 - 07:52:55 PDT
Americans are suffering under Joe Biden. Call it Inflation Inferno! Foodstuff are up 61.5% under Biden’s Reign of Error. Gasoline prices are up 85.8%, diesel prices are up 111%. Yet the gover…
“Gold is being weighed down as the Fed has been committed to raise interest rates at a fast pace and in addition, the dollar has been extremely strong,” said David Meger, director of metals trading at High Ridge Futures.
Soaring food prices are triggering shortages and protests across the developing world as disruption from the Ukraine war adds to existing strains on global supplies of grains, meat and other foodstuffs.
European stocks slipped on Monday and Wall Street was set for a lower open, as investor sentiment struggled to recover from last week's sell off amid fears of a slowdown in economic growth. Global shares hit their lowest point in 18 months last week, with investors worried that rising interest rates to counter high inflation will damage the global economy.
The soaring dollar is propelling the global economy deeper into a synchronized slowdown by driving up borrowing costs and stoking financial-market volatility -- and there’s little respite on the horizon.
A selloff in cryptocurrencies accelerated Monday, with Bitcoin dropping back below $30,000 after weak Chinese economic data dented appetite for riskier assets.Most Read from BloombergGoldman’s Blankfein Says US at 'Very, Very High Risk' of RecessionMeet the Hedge-Fund Manager Who Warned of Terra’s $60 Billion ImplosionHow Omicron Infection Turbo-Charges Vaccinated People’s Immunity$11 Trillion and Counting: Global Stock Slump May Not Be OverTerra Hasn’t Killed Crypto, But It Was a
As spiraling inflation spreads across the globe, emerging-market bonds from Turkey to Thailand are feeling the brunt.
...the Bank of England’s policy-tightening campaign and the soaring cost of living put the world’s fifth-biggest economy on the verge of recession.Most Read from BloombergGoldman’s Blankfein Says US at 'Very, Very High Risk' of RecessionMeet the Hedge-Fund Manager Who Warned of Terra’s $60 Billion...