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The Coming Reversal in Silver & Gold’s Ratios to the Stock Market Will be ShockingApr 14, 2022 - 07:00:30 PDT
Silver and gold were up in Q1, and stock indexes were down, so their ratio to one another saw a big shift, right? No! The change is barely discernible. In fact, in the big picture, silver and gold remain near all-time lows relative to the stock market.
The mainstream seemed to take the March CPI data as good news. With core CPI coming in below expectations, the narrative is that we've probably hit peak inflation. But the producer price data that came out yesterday tells a different story.
Apr 14, 2022 - 06:12:33 PDT
She warned those countries that were still "sitting on the fence, perhaps seeing an opportunity to gain by preserving their relationship with Russia and backfilling the void left by others" that their motivations were short-sighted.
One of Russian President Vladimir Putin's closest allies warned NATO on Thursday that if Sweden and Finland joined the U.S.-led military alliance then Russia would have to bolster its defences in the region, including by deploying nuclear weapons.
Euro, Bond Yields Fall As ECB Refrains From Naming Stimulus Rollback DateApr 14, 2022 - 06:03:47 PDT
Europe's single currency and government bond yields across the region fell on Thursday after the European Central Bank signalled a steady reduction of stimulus over the coming months but refrained from switching to a more hawkish stance. The ECB has been taking cautious steps for months to unwind support but has so...
As expected, the March Consumer Price Index was smoking hot with a 1.2% month-on-month increase and an 8.5% annual gain. But the mainstream found a silver lining in the numbers. Core inflation wasn't quite as high as expected leading many to conclude that we've reached "peak inflation." In his podcast, Peter Schiff said this is just wishful thinking.
"It seems like we’re in the midst of a perfect storm of factors with rising commodity prices, supply chain issues, and a tight labor market so it is not surprising that inflation is rising at its fastest pace in 40 years," Bill Price, head of investment management for Commonwealth Financial Network, said in an email Tuesday.
The Fed’s reckless monetary policies of interest rate repression and $4.8 trillion in money printing, triggering enormous asset price inflation and the spending power that it throws off; The government’s spreading $5 trillion of borrowed money across the land in just 24 months.
Wells Fargo Shares Fall As Quarterly Revenue Misses Estimates on Weaker Mortgage LendingApr 14, 2022 - 05:45:02 PDT
Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mortgage lending.
Americans' credit cards are taking a beating - as was evident in the plunge in the savings rate and the surge in revolving consumer credit - to enable them to keep the dream alive and spend beyond their means... Of course, don't forget that real wages growth has been negative for 13 straight months.
Russia is ramping up its cyberattack campaign against Ukraine, and some analysts fear that the West could be next...
U.S. Energy Grid Faces Huge Problems Amid Push To ‘Electrify Everything’Apr 14, 2022 - 05:38:38 PDT
The pressure on the U.S. power grid continues to increase with an increasing number of system disturbances as a result, but the huge investments to improve the grid and assure energy equity stay behind
The U.S. has given Iraq a 120-day waiver to import electricity and gas from Iran, a move that demonstrates how important influence in the region has become.
Shortly after the waiver was awarded, Chinese commercial interests won another huge hydrocarbon deal as the Asian giant continues to gain influence in the country.
The World Bank says Ukraine needs "massive financial support immediately". The Bank has already sent some $1 billion to help the government provide critical services to citizens, and has promised a further $2 billion in the coming months.
Putin will hold an energy meeting on Thursday, which may provide more clarity on payments for the country’s fuel in rubles. Logistics issues and payments for Russian oil and gas exports will be discussed at the gathering, according to Russian news agency Interfax.
Argentina’s central bank raised interest rates for the fourth time this year after inflation data published earlier in the day showed prices increasing at the fastest monthly pace in 20 years.
Tech stocks are now in Big trouble, so be prepared for more downside ahead. Why? There are now too many negative forces coming against the tech industry. Not only do we have massive "Energy Cost-Push Inflation, but" also add the ongoing disruptions to the Global Supply chain and blowback...
Silver markets have rallied again during the trading session on Wednesday as we continue to see the silver market show quite a bit of bullish behavior. At this point, if we can break above the $26 level, then it is likely that we could go even higher. At this point, we are a little stretched though, so do not be surprised if we pull back a bit. Nonetheless, this is a market that given enough time looks as if it wants to break out.
Apr 13, 2022 - 13:12:18 PDT
Brent speaks on the importance of Gold against foreign currencies, why Gold can rise with the dollar at the same time, why the pace of dollar rises is very important and why there is a very bullish setup for the greenback right now.
China and Russia in Close Cooperation targeting 'Win-Win' across Gold MarketsApr 13, 2022 - 13:07:35 PDT
Meanwhile, back in the US, the US senators looking to ‘freeze Russian gold’ don’t seem to have grasped how out of touch they are with these rapidly developing Sino-Russian gold market developments through the NFA - SGE cooperation. Foothills of the Himalayas malarkey this is not. With their gold market collaboration, the Russians and the Chinese appear to be aiming for the Summit.