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Precious metals news
Apr 28, 2022 - 09:18:59 PDT
A strong jobs market is not enough to negate the damage from soaring inflation
Apr 28, 2022 - 08:43:51 PDT
During an IMF “Debate on the Global Economy” Thursday, International Monetary Fund Director Kristalina Georgieva hinted that the world’s economic overlords may have screwed us all. IMF Director sums it up: - We printed too much money and didn’t think of unintended consequences - We are acting like 8 year olds playing soccer chasing the ball.
Biden Seeks Additional $33 Billion for Ukraine, a Massive Jump in FundingApr 28, 2022 - 08:39:03 PDT
President Joe Biden asked Congress on Thursday for $33 billion to support Ukraine - a dramatic escalation of U.S. funding for the war against Russia - as well as new legal tools to siphon assets from Russian oligarchs. "We need this bill to support Ukraine in its fight for freedom," Biden said at the White House. Biden is also seeking the ability to seize more money from Russian oligarchs to pay for the war effort.
Apr 28, 2022 - 08:24:48 PDT
Energy analyst Doomberg returns to the program to explain just how cornered Europe is in terms of energy. Currently, it is dependent on Russia for natural gas that can't be sufficiently replaced by alternate means for at least several years.
The war in Ukraine may be a more destabilizing event than many realize. According to Alasdair Macleod, it may be accelerating the evolution of a new monetary system comprised of commodity-backed currencies.
When updating our seasonal charts for gold and silver, I thought I’d take it one step further and document the actual high and low for each metal during the year.
Risk of a Synchronized Recession in Europe, US, and China Is Rising by the Day: Kenneth RogoffApr 28, 2022 - 06:10:56 PDT
Is the global economy flying into a perfect storm, with Europe, China, and the US all entering downturns at the same time later this year? The risks of a global recession trifecta are rising by the day.
Recession On Deck: US GDP Shockingly Contracts In Q1 Driven By Inventory, Exports PlungeApr 28, 2022 - 06:09:00 PDT
That said, don' worry - the odds of a Fed rate cut next week are still 0 as Powell scrambles to contain inflation which is now the primary directive of the Fed, economic growth be damned.
Apr 28, 2022 - 05:59:30 PDT
The founder and chief executive of one of Asia’s largest private equity investors has criticized the Chinese government for its policies which he said have led to a “deep economic crisis” similar to the global financial meltdown.
Still At Negative Rates, ECB Dove Says First Rate Hike May Come During the Third QuarterApr 28, 2022 - 05:51:45 PDT
Rates in the euro zone have been negative following the region's sovereign debt crisis, and the ECB has confirmed that it will conclude its net asset purchases in the third quarter — opening up the possibility of a rate hike.
German inflation unexpectedly accelerated to the fastest since records began in the early 1990s as Russia’s war in Ukraine roiled energy markets and disrupted supply chains.
Global bonds are closing in on their worst month on record as investors brace for a flurry of rate hikes in the coming week, including the most aggressive U.S. tightening since May 2000.
Liquidity Crisis in the Making is part one of a two-part article. Part 1 sheds light on the Bank of Japan and its three-decade attempt at a soft landing following the bursting of massive asset bubbles.
Japan plans to spend 6.2 trillion yen ($48.2 billion) on additional gasoline subsidies, low-interest loans and cash assistance to alleviate the pain of consumers and small businesses facing rising prices, Nikkei has learned.
The yen’s plunge to a 20-year low threatens to leave it significantly weaker for years to come, shaking up global money flows and undermining Japan’s efforts to get its fragile economy back on track.
The U.S. dollar surged to its highest levels in two decades on Thursday propelled by widespread weakness in its major rivals, such as the yen and the euro.
Natural gas prices slumped this morning as EU buyers are set to cave in to Putin's demand for payments in roubles.
Total global silver demand reached its highest level since 2015 last year, surging 19% to 1.05 billion ounces (Boz). There were increases in every key silver demand category. It was the first time since 1997 that all key sectors rose together.This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.
Gold demand surged to kick off the year, up 34% year-on-year in the first quarter of 2022.Total demand came in at 1,234 tons in Q1. That was the highest quarterly demand since Q4 2018, according to the World Gold Council's Gold Demand Trends report. Demand in the first quarter of this year was 19% above the 5-year average.
Total global silver demand in 2021 reached its highest level since 2015, surging 19 percent to 1.05 billion ounces (Boz). Driving this significant rise in demand
were increases in every key demand category, the first time since 1997 that all key sectors rose together. Fueling the demand surge was industrial applications...