Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Apr 22, 2022 - 06:02:47 PDT
U.K. consumer confidence plunged to the lowest since the 2008 recession, with the outlook for their personal finances and the general economy worst than during the depths of the financial crisis.
Global equity funds faced massive outflows in the week to April 20, on concerns over growth due to the Russia-Ukraine war, impending rate hikes by major central banks and a rise in real yields.
A months-long rally in the dollar may be reaching its peak as the Federal Reserve gears up to deploy more interest rate hikes, according to the currency's trading patterns in past tightening cycles. The dollar has risen around 7% against a basket of currencies in the past year to its highest level since March 2020,...
The Bank of Japan Faces a Challenge of ‘Historic Proportions’: Morgan StanleyApr 22, 2022 - 05:50:23 PDT
Jim Caron of the investment bank discusses the central bank's commitment to its policy of yield curve control.
World stocks hit five-week lows, U.S. stock index futures indicated a lower Wall Street open and bond yields soared to multi-year highs on Friday as investors brace for rate hikes in the United States, Britain and the euro zone. U.S. Federal Reserve Chairman Jerome Powell said on Thursday that a half-point interest rate...
“The PBOC is looking to provide further support for the economy, and seems intent on pulling as many levers as possible, perhaps with the exception of lowering interest rates for now,” said Khoon Goh, head of Asia research at Australia & New Zealand Banking Group Ltd. “Allowing the yuan to weaken slightly this week seems to be part of the overall ‘support package.’”
U.S. Treasuries declined and equity-index futures fluctuated as investors weighed Federal Reserve Chair Jerome Powell’s willingness to embrace bigger rate hikes earlier in the tightening cycle.
Massive outflows from U.S. equity funds are just getting started as the Federal Reserve ramps up its hawkish rhetoric, according to Bank of America Corp. strategists.
Surging energy prices along with the continued breakdown in the global supply chains pushed the world's largest gold mining company's cost to a new record high. My estimated breakeven for Newmont hit an all-time high in Q1 2022. Unfortunately, I believe this is just the beginning of much higher gold mining production costs in the future...
Nearly 1,300 priceless 4th-century AD Roman coins, all in a pot, were found in September 2021 near Bubendorf, Basel County, Switzerland by amateur archaeologist volunteer, Daniel Ludin. During one of Daniel’s metal detector searches in a forest at Wildenstein Castle, the alert went off.
Apr 21, 2022 - 13:16:14 PDT
A pair of Pennsylvania treasure hunters have scored a major victory in their longstanding legal battle with the FBI over a mysterious dig for a legendary horde of lost Civil War gold.
A major attack on silver again and they could not get any follow through on Wednesday. Silver needs to test the $30 range and it needs to do it quickly:
“Precious metal investors still see compelling reasons to hold on to the shiny metal. The potential for a protracted war in Ukraine simultaneously raises both geopolitical uncertainty and inflation risks, fueling demand for the yellow metal as a safe haven. This trend has also likely been exacerbated by the concurrent decline in global equity and bond prices, which is consistent with fears that Treasuries may be less potent havens in a higher-inflation regime.”
March sales of Australian minted bullion firmed for silver products and rank third best on record for gold products, the latest figures from The Perth Mint of Australia show.
Please note the severely asymmetric policy of the Fed. In response to every recession, they cut rates quickly and dramatically well below any neutral rate.
Then the Fed is slow to respond to the inflationary bubbles the Fed blows.
As the chart makes clear though, consumer price inflation was rampant well before the war in Ukraine started. It’s pretty much nothing to do with the war. It’s the money supply. And after the biggest monetary inflation in history, what lies ahead? Deflation.
Apr 21, 2022 - 12:31:35 PDT
Under President Biden’s Reign of Error, inflation is the highest in 40 years. But Powell and The Fed are still overstimulating the economy, and Congress is contributing to the inflation disaster with short-sighted political policies and spending (flooding the economy with stimulus spending helping to drive up prices). Even Democrat US Senator Elizabeth Warren gets it.
Sara Eisen hosts the IMF’s debate on the global economy, as countries around the world grapple with inflation, the fallout from the pandemic, changing central bank policies, and the war in Ukraine. Panelists include Fed Chair Jerome Powell, IMF Managing Director Kristalina Georgieva, ECB President Christine Lagarde, Indonesia Finance Minister Sri Mulyani Indrawati, and Barbados Prime Minister Mia Mottley.
Wall Street's three main indexes fell on Thursday after Federal Reserve Chair Jerome Powell said a 50-basis point interest rate hike was "on the table", cementing expectations of aggressive policy tightening by the U.S. central bank. With inflation running roughly three times the Fed's 2% target, "it is appropriate to...
This is a risk the ECB can no longer take. It has to raise rates this year and telegraph its expected actions clearly. Otherwise, its already entrenched problems will worsen.