Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Searches for "interest rates" have doubled in the United States from the start of the year, according to Google Trends analysis (chart below). The search interest among consumers shot up in April after a few months of being subdued, likely due to stock portfolios being walloped this year on rate creep fear and higher costs for credit and mortgages.
US futures and stocks rose Friday after Federal Reserve Chair Jerome Powell pushed back against speculation of steeper interest-rate hikes. Risk sentiment was boosted by a rebound in cryptocurrencies.
Money is leaving every asset class and the exodus is deepening as investors rush out of names like Apple Inc., according to Bank of America Corp. strategists.
St. Louis Fed’s Bullard: Inflation ‘Broader, More Persistent’ Than Originally ThoughtMay 13, 2022 - 05:22:22 PDT
Federal Reserve Bank of St. Louis President James Bullard said that high readings on inflation still concern central bank officials, reinforcing the need for higher interest rates.
When we got the March CPI data last month, the mainstream crooned that it looked like we were at peak inflation. This was wishful thinking. The April CPI data that came out this week, along with the producer price numbers, indicate that we're still climbing that inflation mountain. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the data and discusses how it could impact the trajectory of Fed monetary policy and the economy.
May 12, 2022 - 12:44:02 PDT
Showing Lowest Confidence Since 2008 Financial Crisis...
May 12, 2022 - 12:40:41 PDT
As gas prices hit a fresh high according to the AAA, Bloomberg reports Ban on ‘Excessive’ Gasoline Prices Is Heading for House Vote
Hello Fed, Inflation Expectations Are Unglued, No Longer Well Anchored.
Commodities have been one of the few winners in 2022. But with elevated commodity prices, consumers are now left with an ugly dose of inflation on everyday costs (food, energy)… And with falling stock prices, they are getting a dose of deflation in their investment portfolios. Not a good combination. Today, we take a closer […]
As the S&P 500 approaches bear market territory, stable coins implode left and right and the rising dollar creates more stress in the global financial system, Mark Mobius, who appeared on CNBC's "Squawk Box" Thursday morning, offered some interesting comments about crypto and equities.
US Treasury Sec. Yellen: FSOC is concerned about the functioning of the Treasury marketMay 12, 2022 - 12:01:53 PDT
US Treasury Secretary Janet Yellen mentioned on Thursday that the Financial Stability Oversight Council (FSOC) is concerned about the functioning of the Treasury market. “We had episodes in which liquidity has dried up.” She is giving testimony before the House Financial Services.
Federal Reserve Chairman Jerome Powell Confirmed by Senate for a Second TermMay 12, 2022 - 11:54:51 PDT
The Senate on Thursday voted to give Powell a second four-year run at the central bank's helm.
After a series of Administration "leaks" regarding US involvement in the killing of Russian generals and the sinking of the Moskva, the Biden Administration is seeking to plug the leaks and to clarify the types of intel it would share with Ukraine. The goal is to avoid becoming a party to the war. But has that ship already sailed? Also today: prepping in Alaska to fight Russia and China...and Biden's 'Disinfo' Czar wants to edit your Tweets.
Secret stashes of gold held by China and Russia could shape the future of world order, according to one global finance expert.
May 12, 2022 - 08:47:08 PDT
Hats off to Director of National Intelligence Avril Haines for her Senate May 10 testimony on the likelihood of nuclear war with Russia, even though parts of it were surreal, as we discuss below.
The Chinese military deployed forces all around the island of Taiwan over the weekend in a set of large-scale military drills that one Chinese military analyst called a “rehearsal of possible real action.”
The Chinese Communist Party's partnership with Russia and nuclear modernization efforts present a new threat to the United States, according to one expert.
May 12, 2022 - 08:39:07 PDT
Former Russian President Dmitry Medvedev is warning Thursday that the “pumping of Ukraine by NATO countries with weapons” brings the risk of the conflict “turning into a full-fledged nuclear war.”
May 12, 2022 - 08:35:48 PDT
Fred Hickey discusses the recent mania in the markets, how it compares to similar episodes of the past and what they have to teach us.
The Wall Street herd had it easy from 2009 to 2021. Life was simple and life was good: markets were easy to predict. As long as the Federal Reserve kept interest rates near-zero and increased its balance sheet to buy Treasury bonds, the stock market rose.