Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Gold caught some bids during the early North American session and jumped to a fresh multi-week high, around the $1,973 region in the last hour. The US consumer inflation showed little signs of easing and topped 8% in March for the first time in more than four decades. In fact, the headline CPI accelerated to 8.5% during the reported month as against expectations for a rise to 8.4% from 7.9% in February.
Gold has continued to churn higher despite a decisively hawkish Federal Reserve. Even the expected more aggressive hikes will not be sufficient to turn interest away from the yellow metal, strategists at TD Securities report.
The J.P. Morgan Center for Commodities focuses upon a broad range of commodities, including agriculture, metals & minerals and traditional & renewable energy...
For precious metals investors, this entire affair clearly serves as yet another confirmation of the essential role that gold plays, in particular in times of crisis. And especially as Western citizens, after having been told by central bankers and politicians for decades that gold is a useless rock and a “barbarous relic”, the lesson here is even more important: “Do as they do, not as they say”.
Following the "wisdom of crowds" is not the best advice when it comes to investing long-term. We review a strategy that can help.
Life isn’t getting easier for the Federal Reserve. U.S. inflation remains way above target, supply blockages show no sign of easing, the labor market is stretched — and the pressure on prices continues to build. Many investors are expecting a faster pace of tightening from the Fed; but overdoing it risks pushing the economy into recession. Striking the right balance in monetary policy has rarely looked so difficult.
Before Russian President Vladimir Putin’s attack on Ukraine, Europe’s recovery from the damage wrought by the COVID-19 pandemic was solidifying. But now European policymakers have exactly zero control over whether their economies' rebound continues.
The central scenario of this writer is that the pandemic monetary inflation theatre still has several acts before its finale. One of these would feature the apparent onset of recession and asset deflation to which the Fed responds ultimately by further inflationary injections of money. And even though there is an inflation curse on all fiat monies, one act entitled flight from the dollar will most likely come into the schedule before this monetary theater season is over.
‘Calamity’ May Be Coming, Stock-Market Setup Similar to 1999: Jeffrey Gundlach: MWApr 12, 2022 - 11:41:22 PDT
When 2-year and 10-year yields invert, ‘you’re supposed to be on recession watch, and we are,’ says DoubleLine chief
The Fed Is Still Pumping Fuel on the Fire: Dollar’s Purchasing Power Cut Almost in Half Since 2000Apr 12, 2022 - 11:33:14 PDT
Consumer price inflation is not a sign of anything positive, but a sign of the loss of the purchasing power of the consumer’s dollar, including the purchasing power of labor. And it’s cumulative, month after month, year after year. In March, the purchasing power of $100 in January 2000 dropped to a new record low of $58.80, which explains why the mood of Americans has curdled:
Retail’s Pending Recession Is Fueled By Inflation With Seeds Of StagnationApr 12, 2022 - 09:15:21 PDT
On top of all these issues, there is also the looming worry of Stagflation, which is the Feds worst nightmare because the tools in their arsenal often run contrary to the problem. Stagflation occurs when wages can’t keep up with inflation and unemployment persists.
Apr 12, 2022 - 09:07:37 PDT
The Fed also released on March 31 the transaction details for its Commercial Paper Funding Facility but that essentially just showed which commercial paper had become toxic on Wall Street while the other three programs illustrated which units of the mega global banks had become illiquid and needed Fed bailouts stretching over many months.
In the latest inflationary shock - one which Biden will dutifully read from the teleprompter was entirely the fault of "PutInflation" - even if a chart of CPI in context shows otherwise...
At her final news conference as Fed chair Wednesday, Yellen said the Fed's failure to bring inflation up to the central bank's 2 percent mandate is her single disappointment.
Apr 12, 2022 - 07:55:05 PDT
Sentiment among U.S. small businesses slid for a third month in March to the one of the lowest levels of the pandemic as soaring cost pressures induced the worst economic outlook on record.
“We will waste no time to match the newly granted quota with eligible projects,” Deputy Finance Minister Xu Hongcai said at a briefing in Beijing on Tuesday. “We will ensure that special bond proceeds will be used to drive investment up significantly.”
U.S. Aircraft Carrier Deploys off Korean Peninsula Amid Tensions With NorthApr 12, 2022 - 07:50:56 PDT
The USS Abraham Lincoln strike group is operating in waters off the Korean peninsula, the U.S. Navy said on Tuesday, amid tensions over North Korea's missile launches and concerns that it could soon resume testing nuclear weapons.
Putin: Ukraine Talks At "Dead End", Warns Soaring Inflation Will Put Pressure On Western PoliticiansApr 12, 2022 - 07:45:13 PDT
Talks with Ukraine have reached "a dead end," Russian President Vladimir Putin said in fresh Tuesday remarks. "We will not stop military operations in Ukraine until they succeed." He explained that Ukraine has "deviated" from agreements and any possible prior progress reached during the Istanbul meetings, according to...
Apr 12, 2022 - 07:40:36 PDT
Germany's annual pace of inflation surged to its highest pace since 1981, largely on the back of a nearly 40-percent surge in energy prices.
Apr 12, 2022 - 07:38:13 PDT
“Legislators who have never operated a business (or perhaps never even held a private sector job) have no idea what the real implications of this bill will be,” Cutter wrote on Twitter. “People will lose wages, people will lose jobs, small businesses will fold.”