Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
With just 57 "no" votes - all of them Republicans - the US House last night in a rushed vote ADDED nearly eight billion dollars to Biden's massive $30 billion Ukraine military bill. This represents some eight times the ANNUAL Ukraine military budget! Also today: Biden claims fighting inflation his top priority. Shock poll shows Americans don't care who wins in Ukraine.
Russia’s Medvedev Lash Out at The American Printing Press for the $40 billion Aid to UkraineMay 11, 2022 - 08:56:43 PDT
Medvedev said: “It won’t work. The printing press by which America is constantly increasing its already inflated government debt will break faster.”
May 11, 2022 - 08:41:43 PDT
Realistically, military aid will prolong the war. And the more that gets destroyed, the more we can Build Back Better.
Consumers Can Handle Fed Tightening: Debts, Delinquencies, Foreclosures, Collections, & BankruptciesMay 11, 2022 - 08:38:27 PDT
But the first upticks in delinquencies from breath-taking record lows are cropping up.
May 11, 2022 - 08:35:31 PDT
April’s inflation numbers are out and, at first glance, inflation seems to be cooling from 8.5% YoY in March to 8.3% YoY. But the headline inflation numbers do not accurately reflect the pain…
Gold rose from near a three-month low as the dollar declined with Treasury yields ahead of closely-watched US inflation data. Gold added 0.5% to $1 847.27 an ounce as of 9:32 a.m. in London, paring this week’s decline to 1.9%.
Bitcoin Drops Below $30,000, As Hot Inflation Report Causes Investors to shun risky assetsMay 11, 2022 - 06:22:43 PDT
The price of bitcoin fell below the $30,000 mark on Wednesday for the second time this week, after new data showed inflation is still running at 40-year highs.
Controversial Stablecoin UST – Which Is Meant To Be Pegged to the Dollar – Plummets Below 50 CentsMay 11, 2022 - 06:20:54 PDT
UST, a so-called stablecoin that's meant to maintain a $1 peg, was trading at less than 50 cents Wednesday.
Coinbase Stock Slides Toward All-Time Low As Crypto Trading Falls Off: MWMay 11, 2022 - 06:18:51 PDT
Coinbase Global Inc. swung to a loss in its most recent quarter and posted lower-than-expected revenue as it lost 2.2 million crypto traders from its platform, citing the impacts of lower volatility and prices for crypto assets.
ARK’s Wood Sees Global Recession, Blames Market Selloff on Fed Hike PlanMay 11, 2022 - 06:11:37 PDT
The global economy is in recession and recent stock market volatility is a sign investors believe that the Federal Reserve's plan to continue hiking interest rates is too aggressive, star stock picker Cathie Wood said in a webinar on Tuesday.
The rout in stocks isn’t over just yet, according to Morgan Stanley strategists, who see scope for both US and European equities to correct further amid mounting concerns of slowing growth.
US consumer prices rose by more than forecast in April, indicating inflation will persist at elevated levels for longer and keeping the Federal Reserve on the path of aggressive interest-rate hikes.
Homebuyer demand for mortgages is rising again, but they're turning more to adjustable-rate loans, which offer a lower interest rate.
US homebuyers are increasingly turning to adjustable-rate mortgages as overall borrowing costs soar.
May 11, 2022 - 05:55:01 PDT
The seasonally adjusted Purchase Index increased 5 percent from one week earlier. The unadjusted Purchase Index increased 5 percent compared with the previous week and was 8 percent lower than the same week one year ago.
David Rosenberg, Rosenberg Research president, chief economist and strategist, joins 'Power Lunch' to discuss what he thinks about April's jobs report, how the markets will react to ongoing news from the Federal Reserve and more.
Stock Futures Drop After April Inflation Report Is Hotter Than Expected, Nasdaq Futures Lose 1.5%May 11, 2022 - 05:46:20 PDT
S&P 500 futures were 0.7% lower and Nasdaq 100 futures slid by 1.1%. Dow futures dropped 170 points.
CPI Prints Hotter Than Expected In April, Real Wages Tumble For 13th Straight MonthMay 11, 2022 - 05:40:16 PDT
After March's surge in consumer prices, analysts' consensus is that CPI has peaked and April was expected to show a big slowing from +8.5% YoY to +8.1% YoY, however, CPI printed hotter than expected at +8.3% YoY...
Today's CPI Report Includes A Methodology Change To New Vehicle Prices: Here's Why It MattersMay 11, 2022 - 05:39:26 PDT
The upshot is that the updated methodology for new vehicle prices is unlikely to materially impact the broader inflation outlook. We could see marginally stronger vehicle prices and some seasonal noise from month to month with stronger new car prices in March and April but weaker November and December prints.
Inflation Barreled Ahead at 8.3% in April From a Year Ago, Remaining Near 40-Year HighsMay 11, 2022 - 05:35:48 PDT
Inflation as gauged by the consumer price index was expected to rise 8% year-over-year in April, according to Dow Jones estimates