Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Goldman Sachs senior chairman and former CEO Lloyd Blankfein said on Sunday that the U.S. should prepare for a recession. When asked by CBS’s Margaret Brennan if he thought the country is heading f…
A mass exodus of money, an $11 trillion wipeout, and the worst losing streak for global stocks since the 2008 financial crisis. The bad news is that it may not be over yet.
Europe’s common currency has already slumped to a five-year low near $1.03, buckling from a rush into the greenback as a haven from market turmoil and on the war in Ukraine. That’s led the likes of HSBC Holdings Plc and RBC Capital Markets to predict the two will hit parity in 2022.
China's retail sales dropped by 11.1% in April over last year, marking the worst decline since March 2020, while industrial production unexpectedly dropped by 2.9% compared to the same month last year.
Markets Slide as China’s Economic Activity Collapses Under Xi’s Covid Zero PolicyMay 16, 2022 - 05:24:54 PDT
Industrial output unexpectedly fell 2.9% in April from a year ago, while retail sales contracted 11.1% in the period, weaker than a projected 6.6% drop. The unemployment rate climbed to 6.1% and the youth jobless rate hit a record. Investors responded by selling everything from Chinese shares to US index futures and oil.
Gold-backed ETFs saw net inflows of gold for the fourth straight month in April.ETFs globally added 42.8 tons of gold to their holding, with Europe-based funds leading the way.
The Fed continues to talk tough about fighting inflation. And the markets seem to be listening. But in his podcast, Peter Schiff said you need to look at what the Fed is actually doing. And it's not doing much.
The markets finally got their long-awaited bounce yesterday, after weeks of relentless selling off. So, is the bottom in? Has a relief rally just begun? It's too early to know for sure. But given the extreme oversold levels, it's certainly possible.
With the recent selloff in the broader markets and precious metals, what's next for Gold & Silver? In this update, I provide some technical analysis on the precious metals and where I believe they are going in the short term. Actually, I think silver will hold up a lot better...
NEW ELECTRIC TRACTORS: The Green Energy Insanity Continues As We Head Towards The Energy CliffMay 14, 2022
If you thought the Green Energy Insanity couldn't get any worse... income the new John Deere Electric Tractors. So, not only do we have EVs, we know how ETs. Unfortunately, ETs consume a great deal more electricity than EVs, so John Deere had to come up with a new solution. Wait until you see the solution in my newest video update...
In this week’s Live from the Vault, Andrew Maguire is joined by Patrick Karim, co-founder of technical analysis service, Northstar & Badcharts, to share bullish predictions for gold and silver, founded on a lifetime of accurately forecasting rallies.
May 13, 2022 - 12:53:09 PDT
Mr Parry said: “With the cost of living crisis going from bad to worse, it didn’t make sense to continue offering pay hikes in pounds when its value is being eroded further with every passing day. It was like putting a bandaid over an open wound.
Where Is Guinea’s Gold? A London Laundering Case May Hold Clues: BloombergMay 13, 2022 - 12:51:11 PDT
The government of Guinea wants to know what happened to three tons of its gold. The answer may lie in London.
Recent moves by the Federal Reserve have swiftly brought fear into the marketplace of a major policy error that could alternately lead to a slowdown in economic growth, combined with unstoppable inflation.
Dollar Set for Sixth Week of Gains - 20 Year High, As Slowdown Worries PersistMay 13, 2022 - 12:44:08 PDT
The dollar edged lower but was still set for a sixth straight week of gains as investors remained concerned about the possibility of global growth slowing.
Both countries faced the same inflationary shocks, such as the Arab oil embargo in 1973, the Iranian Revolution in 1979, and the de-linking of their currencies (the dollar broke with gold in 1971, and sterling broke with the dollar in 1972). So why was inflation significantly worse in the UK?
May 13, 2022 - 12:18:09 PDT
Markets are in turmoil as inflation rages, the Fed hikes interest rates and recession looms. Today’s guest, analyst Tavi Costa of Crescat Research, thinks there’s room further to fall for these assets as everything is repriced in what he refers to as the Great Unwind.
Robert Kiyosaki recently tweeted, “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. The bad news is the next crash will be a long one.”
May 13, 2022 - 12:10:05 PDT
Harvard University economics professor Kenneth Rogoff provides insight into how the Fed raising interest rates will impact inflation.
(Bloomberg) -- Oil climbed as a global squeeze on refined products continued to pull fuel prices higher with Russian diesel exports falling sharply.