Precious metals news

After last year’s frenzy for vacation homes, rising mortgage rates and an increase in loan fees for second homes are causing buyers to back off.

Lane Generational managing partner and founder Fred Lane stresses the importance of investing in 'real assets' and explains why people are looking at gold as a safe haven.

Gold for June delivery GC00 GCM22 rose $11.50, or 0.6%, to $1,959.70 an ounce on Comex after eking out a third straight gain on Monday. May silver SIK22 rose 14.8 cents, or 0.6%, to $25.135 an ounce.

Overheating job market 'has raised the risk of recession meaningfully...

Global growth optimism has sunk to an all-time low, with recession fears surging in the world’s investment community, according to the latest Bank of America Corp. fund manager survey.

There was a little March Madness on Wall Street. In fact, the month turned into an old-fashioned blood bath. But you wouldn’t have found any carnage in the stock market. In fact, the Dow Jones gained a decent 2.3% on the month. But beneath that glittery stock market stage (that attracts the most investor attention) there was some chaos in the orchestra pit. The normally sleepy bond market just experienced one of its worst months ever, and one of its worst quarters in over forty years, down almost 7%. The municipal bond market just posted its worst quarter since 1994, down more than 5%.  

Treasuries climbed after the 10-year yield earlier reached the highest since 2018, amid a global bond rout. A dollar gauge halted its longest winning streak since 2020. The euro was little changed.

Prices for online goods continued to surge in March at a record pace, data released on Tuesday from Adobe Inc showed, adding a potentially troubling dimension to the Federal Reserve's battle to slow the overall pace of price increases.

The last time the Fed attempted deflation in a meaningful way was in 2018 through to 2019. The chart below shows what happened with the stock market as that process was taking place. It had a couple wobbles but went sideways-to-up over the period. Can we say, therefore, that QT this time will be coincident with the same sort of price action in the stock market?

The supply chain “bullwhip effect” is both predictable and expected. The surge of inventories and declining freight costs/capacity imbalances will be deflationary.

Having warned the world to expect "extraordinarily elevated" levels of inflation due to "Putin's Price Hike", The White House is likely in shock this morning as headline CPI rose 1.2% in March (vs +1.2% MoM) which sent the headline CPI up a shocking 8.5% YoY (vs +8.4% YoY exp and +7.9% prior) - the highest since 1981.

The data reflected price increases not seen in the U.S. since the stagflation days of the late 1970s and early '80s. March's headline reading in fact was the highest since December 1981. Core inflation was the hottest since August 1982.

Here's the deal in a nutshell: The Fed actively promotes inflation while pretending to be inflation fighters. Yet, people listen to these clueless jackasses as if they know what they are doing.

Global ETF gold holdings surged in March, charting the third straight month of inflows.
Net inflows of gold into ETFs came in at 187.3 tons last month, as total holdings rose to 3,837 tons, just shy of the all-time record high. It was the biggest jump in ETF gold holdings since July 2020, according to data from the World Gold Council.

Some people have been nervous about the economy for quite some time now, not least due to their skepticism that inflation was “transitory.” In the end, “transitory” proved to be transitory, but inflation did not.

The bank explained that this increase is due to the continued Russia-Ukraine war, and the slowdown of the world economy, alongside the increase in the raw material, and products after the imposing of the sanctions against Russia.

Investors should get out of bonds as rates rise and diversify their portfolios with exposure to agricultural products, oil and metals facing supply disruptions due to the war in Ukraine.

I’m making Part Three of my “Epocalypse Revisited” series available to all because it introduces where the series will go in examining the world’s transition to a global, digital cashless society, countering the notion that globalism just fell off a cliff and dispelling rumors about gold-backed rubles and the mighty yuan trouncing the dollar.

Commentary out of the Fed over the last few weeks indicates to me that our central bankers know they are doing far too little, far too late.

ForexLive has a nice synopsis Fed's Evans: High prices will persist longer than I thought