Gold has all the potential to go unprecedentedly high. But silver will be gold on
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It Is "Just A Matter Of Time" Before Gold Rises 5x Or More: Lawrence LepardApr 19, 2022 - 06:35:27 PDT
He takes us through history as to how this landscape has changed in the past, and what could be coming in years ahead.
“That ($2,000 per ounce) is quite a critical level, and the fact that gold effectively closed flat on the day means there appears to be a slight hesitancy to push immediately higher,” said City Index senior market analyst Matt Simpson. “Gold has the ability to overcome the US dollar strength and break above $2,000 possibly over the next week or so.”
IMF Slashes Global Growth Outlook, Blames Putin; Fears 'Social Unrest' & 'Global Instability'Apr 19, 2022 - 06:24:05 PDT
Echoing The World Bank's pessimistic perspective from yesterday, The IMF has cut its growth forecasts, saying that global economic prospects have been severely set back, largely because of Russia’s invasion of Ukraine.
Apr 19, 2022 - 06:19:43 PDT
Here is a nice summary of The Fed’s massive balance sheet expansion in reaction to Covid (orange line) and the resulting soaring of home prices. Then The Fed signals that they will remove the “punchbowl” and mortgage rates have boomed. And not in a good day.
Joe Biden's decision to release 180 million barrels of oil from the US Strategic Petroleum Reserve - one million barrels per day for 180 days, ending just before the midterm elections which the Democrats will lose in an avalanche - was meant to help lower US gasoline prices "because Putin price hike." Instead, it is heading for Europe.
Americans should be experiencing an uneasy sense of dejà vu. In the last two years, U.S.-trained officers have overthrown West African governments at least four times. There are indications that other graduates have undermined civilian governments in other portions of the continent. But U.S. military officials have been less than informative. US Africa Command (AFRICOM) can’t explain why there has been a surge in coups.
Inside The Ukraine-Induced Defense Contractor 'Gold Rush' At The PentagonApr 19, 2022 - 06:14:41 PDT
Even before hostilities broke out, the CEOs of major weapons firms were talking about how tensions in Europe could pad their profits. In a January 2022 call with his company’s investors, Raytheon Technologies CEO Greg Hayes typically bragged that the prospect of conflict in Eastern Europe and other global hot spots would be good for business...
Janet Yellen Faces Challenge to Keep Pressure on Russia, While Addressing Global Consequences: WSJApr 19, 2022 - 06:11:55 PDT
Treasury secretary plans to avoid Russian officials at meetings this week, while engaging with countries that haven't joined in sanctions...
China told Russia it will continue to increase "strategic coordination" with it regardless of international volatility, the foreign ministry said in a statement on Tuesday. Chinese Vice Foreign Minister Le Yucheng gave this assurance to Russian ambassador to China, Andrey Denisov, on Monday, the statement said....
Nearly 400 million people across 45 cities in China are under full or partial lockdown as part of China's strict zero-Covid policy. Together they represent 40%, or $7.2 trillion, of annual gross domestic product for the world's second-largest economy, according to data from Nomura Holdings.
Recent comments on the yen by Japanese government officials and Bank of Japan Governor Haruhiko Kuroda have so far failed to arrest the currency's depreciation, blamed on diverging paths for Japanese and U.S. monetary policies to tackle inflation.
The yen extended its longest losing streak in at least half a century as traders ignored government warnings about the speed of the currency’s decline, focusing instead on the widening gap between Japanese and U.S. interest rates.
Apr 19, 2022 - 05:35:56 PDT
Fortunately, I refinanced my home mortgage while Trump was still President. When Biden was installed as President, the 30-year mortgage rate was 2.88% (according to Bankrate). It has now risen to 5.25%.
The 30-year U.S. Treasury yield rose to 3% on Tuesday for the first time since early 2019, hitting a fresh milestone as investors reacted to the latest hawkish rhetoric from Federal Reserve officials. U.S. inflation is "far too high," St. Louis Federal Reserve Bank President James Bullard said on Monday as he repeated his case,,,
Bonds continued to get hammered. On Tuesday morning, the yield on the 10-year Treasury rose above 2.9%, and the yield on the 30-year is knocking on the door of 3%. Since bond yields rise as bond prices fall, this indicates a serious decline in the bond market. In his podcast, Peter Schiff said that at some point, the market is going to actually crash.
Jeff Clark's MoneyShow presentation: The Next Financial Bubble and the Stocks That Will Benefit Most. Why bubbles keep happening, and the conditions that suggest gold & silver could be next. NOTE: the mining stocks Jeff mentions should not be considered investment advice.
Jeff Clark's MoneyShow presentation: The Next Financial Bubble and the Stocks That Will Benefit Most. Why bubbles keep happening, and the conditions that suggest gold & silver could be next. NOTE: the mining stocks Jeff mentions should not be considered investment advice.
Apr 18, 2022 - 12:59:24 PDT
Unlike with gold, where all the gold that has been mined is available to the market, silver is not like that as it’s being consumed by industry and in small amounts by investors. The silver market tends to be more volatile than gold, but, in a broad sense, where gold goes silver follows.
The gold-oil ratio is an important indicator of the global economy’s health.
Because gold and crude oil are both denominated in US dollars,…
Margin Debt Drops Further Amid Imploded Highfliers: Not a Good Sign for StocksApr 18, 2022 - 12:05:34 PDT
There are other types of stock market leverage, and no one knows how much leverage there is in total. Margin debt is the only reported indicator.