Gold has all the potential to go unprecedentedly high. But silver will be gold on
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All signs point to more losses ahead for Asian equities after a four-month slump that has wiped out over $2 trillion in value.
The actions of India over the last year serve to highlight the waning influence of Washington on the world stage, but Russia’s invasion of Ukraine could change that.
U.S. natural gas prices have gone from cheap and range-bound to the highest in more than a decade in a matter of weeks. And they may still have higher to go as extra strong local demand combines with soaring exports to Europe
Wall Street is reluctantly coming to grips with a new reality for 2022: This isn’t going to be a good year for stocks.
The Federal Reserve warned of deteriorating liquidity conditions across key financial markets amid rising risks from the war in Ukraine, monetary tightening and high inflation in a semi-annual report published Monday.
May 10, 2022 - 05:34:22 PDT
Congressional Democrats drafted a plan to raise President Biden’s $33 billion aid request for Ukraine to $39.8 billion, which the House could pass as soon as Tuesday.
Last week, sources leaked to The New York Times that, in Ukraine's targeting and killing of Russian generals and the sinking of Russia's Black Sea - Patrick J. Buchanan for Antiwar.com Original
Historian Niall Ferguson Details ‘Cold War II’ — Which ‘Began Some Time Ago’May 10, 2022 - 05:30:50 PDT
The world is currently embroiled in "Cold War II" — and has been for a while — and the path ahead is lined with the geopolitics of nuclear weapons, says one historian.
We've been told inflation is caused by greedy corporations. We've been told that inflation is Putin's fault. Other people just want to blame COVID-19. But are any of these really the root cause of inflation?Economist Dr. Antony P. Mueller says none of these excuses really account for the rash of rising prices we've seen in recent months. At its core, this inflation is caused by a deeply flawed monetary system that allows central banks to create money out of thin air.
Virginia and Alabama both extended their sales tax exemptions on precious metal bullion this year, relieving some of the tax burdens on investors, and taking a step toward treating gold and silver as money instead of as commodities.
China’s gold reserves stood at 62.64 million ounces at the end of April, unchanged from that at the end of March, central bank data showed Saturday.
Official data also showed that China’s foreign exchange reserves fell to 3.1197 trillion U.S. dollars at the end of April, down 68.3 billion U.S. dollars, or 2.14 percent, from the end of March.
Gold-backed ETFs and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies. Flows in ETFs often highlight short-term and long-term opinions and desires to holding gold.
May 9, 2022 - 12:57:53 PDT
It’s still time to buy commodities as a hedge against inflation and geopolitical risks, JPMorgan’s unit says. A new wave of secular bull run may be developing, according to Alpine Macro.
A lot of money was printed, while the supply of many goods and services was disrupted, and so prices are higher now. At the end of the day, that sentence simply summarizes it. Some big price spikes may cool off at some point as bottlenecks subside, but many prices will be at permanently higher levels now due to the substantial increase in the quantity of money.
May 9, 2022 - 12:40:40 PDT
Mohamed El-Erian, a Bloomberg Opinion contributor, calls the April U.S. employment report “generally strong” and says the market is seeing right through the Federal Reserve’s attempt to “fool” the market.
Germany's Top Banking Chief Warns Of Bankruptcy Tsunami Amid Stagflation Threats May 9, 2022 - 12:38:58 PDT
A tsunami of bankruptcies could batter Europe's largest manufacturing hub as stagflation risks mount due to the conflict in Ukraine and resulting Western sanctions on Russian fossil fuels.
I'm simply pointing out "money" isn't simple, and "backing money with X" leads to questions about the nature of "money," collateral and the fluidity and complexity of the social construct we call "money."
The U.S. dollar was higher on Monday after reaching a twenty-year high as risk-off sentiment stemming in part from concerns over the Federal Reserve's ability to combat high inflation boosted the greenback's appeal.
Americans’ Inflation Fears Hovered Near Record Highs in April, New York Fed Survey ShowsMay 9, 2022 - 11:50:44 PDT
Inflation expected to remain elevated over next 3 years.
Two former Federal Reserve officials are warning the U.S. central bank will struggle to tame the hottest inflation in four decades without sending the economy into a recession.