Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Central bank gold demand in Q1 more than doubled q-o-q, but was 29% lower
y-o-y.
Gold is a proven and effective portfolio diversifier Gold can contribute positively to returns in a multi-asset portfolio Gold is a liquid asset Gold is a good hedge against inflation.
The problem for the bulls is that each bounce off a technical support level gets weaker and weaker.
Dow Drops Nearly 700 Points As Friday Sell-Off Intensifies, Nasdaq Heads for Worst Month Since 2008Apr 29, 2022 - 11:57:04 PDT
U.S. stocks fell Friday with the Nasdaq Composite on pace for the worst month since 2008, as Amazon became the latest victim in the technology-led sell-off.
All of these similarities and differences are setting up a sea-change revaluation of capital, resources and labor that will be on the same scale as the extraordinary transitions of the 1920s and 1970s.
Having experienced the damage that asset price bubbles can cause, we must be especially vigilant in ensuring that the recent experiences are not repeated. – Ben Bernanke, Federal Reserve Chair, January 3, 2010
Apr 29, 2022 - 09:29:18 PDT
Having experienced the damage that asset price bubbles can cause, we must be especially vigilant in ensuring that the recent experiences are not repeated. – Ben Bernanke, Federal Reserve Chair, January 3, 2010
Percentage in Real Disposal Personal Income From Previous Quarter (Chained 2012 Dollars)Apr 29, 2022 - 09:22:00 PDT
'Consumers have cause to feel poorer and they are spending down the savings they accumulated during the pandemic. A concern is that the decline in real wages will cause consumers to spend less in the coming months and tip the economy into recession.'
Looking at today’s long-term chart, we can see that the US Dollar has traded in a broad rising channel since the 2007 low. And the 2015 and 2020 highs formed right at the 61.8% Fibonacci retracement of the 2002 high to 2007 low.
As you can see, both the commodity index (upper pain) and Aussie Dollar (lower pain) are trading in long-term falling channels. Both have shown strength over the past two years, with commodities exploding higher!
Apr 29, 2022 - 08:11:53 PDT
M2 Money Velocity (GDP/M2 Money) peaked in Q3 1997, but after several bouts of Fed money printing, M2 Money Velocity is near the all-time low at 1.1216 In Q1 2022. And M2 Money stock is still growing at a torrid pace of 9.9% YoY. But the massive overreaction of The Federal Reserve in response to the Covid outbreak has led to near zero money velocity.
Apr 29, 2022 - 08:08:11 PDT
Not only has The Federal Reserve driven M2 Money Velocity to near historic lows, but now we find out that the Employment Cost Index just rose to a historic high. Of course, a variety of minimum wag…
Inflation Expectations Hit 41-Year-Highs As UMich Survey 'Hope' Fades During The MonthApr 29, 2022 - 08:03:58 PDT
No breathing room for The Fed here.
Russia is exploring whether to link the value of the ruble to gold and other commodities, Kremlin spokesman Dmitry Peskov said.
Soaring Inflation Drives Up Gold Demand by 34% As Investors Scramble for a Safe HavenApr 29, 2022 - 06:23:35 PDT
Demand for gold jumped to its highest level since 2018 in the first three months of 2022 as inflation hit four-decade highs in the U.S. Investors looked to gold to protect their hard-earned savings in the first quarter of 2022 as record inflation pummeled other investment vehicles.
The de facto global reserve currency is currently trading at a two-decade high against the Japanese yen, a five-year high against the euro, and at its highest level against the pound since September 2020.C
Apr 29, 2022 - 06:04:08 PDT
While headline inflation is growing at 8.6% YoY in March, flexible price inflation grew at a terrifying 25% YoY rate. Even with headline inflation of “only” 8.56% YoY, today’s Q1 real GDP growth checked in at -1.4% QoQ. Clearly, Bidenflation isn’t help the economy or anyone else.
The cost of funding for companies in Europe is now more expensive than during the early pandemic turmoil.
Inflation hit a record in April for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine weigh on the region's economic recovery from the coronavirus pandemic. Annual inflation reached 7.5% for the month, topping the old record of 7.4% from March, statistics agency Eurostat said Friday.
Fed's Favorite Inflation Signal Hits 40 Year High As Savings-Rate CrashesApr 29, 2022 - 05:55:52 PDT
Both incomes and spending were expected to rise MoM in March and they did with spending rising 1.1% MoM (almost double the 0.6% rise expected) and outpacing the 0.5% MoM rise in incomes. This is the 6th straight month of rising incomes and 3rd straight month of rising spending...