Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Thanks to wild government spending and the Fed's monetary mismanagement, Americans were already paying the price at the pump. Pile in sanctions, you strangle the supply of oil & gas. Talk about a two-headed monster.
Port Delays Are Getting Worse in Shanghai. That’s Very Bad News for Global Supply ChainsApr 4, 2022 - 05:40:47 PDT
China's strict lockdown in Shanghai is heaping even more pressure on global supply chains.
Someone once said that you never actually “buy” a home. Instead, you merely commit to paying an annuity: the mortgage.
A report into the potential effects of implementing a ‘cashless society’ has found that millions of people would be left struggling, with many vulnerable people being heavily reliant on physical tender.
Evidence continues to mount that a recession is coming soon.
Apr 4, 2022 - 05:31:51 PDT
Key Points: Ignores Medicare’s Insolvency: Without changes, working Americans could face a hike in Medicare payroll taxes by 26 percent or seniors could see their benefits cut by 16 percent to make the program solvent. Kills Future Cures: President Biden’s plan for government price controls on drugs will lead to fewer cures, with as many […]
Los Angeles’ Guaranteed Income Program Will Pay 1,000 People $1,000 a Month for Three YearsApr 4, 2022 - 05:28:53 PDT
The program will provide $1,000 to some Los Angeles residents every month for three calendar years. The money will be available through a debit card provided by the County of Los Angeles — you do not need to have a bank account to participate.
Apr 4, 2022 - 05:28:14 PDT
Chicago will offer free gas and public transit cards to residents as an new effort to combat spiking gas prices and inflation, Mayor Lori Lightfoot announced Thursday.
Last month, the Federal Reserve raised interest rates by one-quarter percent in its first salvo against rampant inflation. Fed Chairman Jerome Powell has indicated that the central bank will get more aggressive in its inflation fight in the coming months. Conventional wisdom holds that monetary tightening will reverse the impacts of the extraordinarily loose monetary policy we've seen over the last two years and bring inflation under control.Will it though?
Russia has quietly made the case for owning gold.The head of the Russian Parliament, Pavel Zavalny, made comments recently addressing the subject of economic and financial sanctions. It's clear that gold is playing a large role in protecting Russian wealth. That role may get bigger and it could create a paradigm shift in how the world does business.
The recent sharp rally in stocks was one for the record books. But until the technical data proves otherwise, financial advisor Lance Roberts regards this as a bear market rally, more likely to reverse soon given current overbought levels. Which is why he's now taking profits and lightening up on stocks. And adding to his US Treasury bond position.
The world is totally unprepared for what's unfolding in Ukraine & Europe, and the Mainstream Media is making a bad situation worse. How so? It's due to the military term called, FOG OF WAR. While the Fog of War relates more to the military forces involved, it has now moved into the public arena...
Apr 1, 2022 - 12:59:58 PDT
Bill Baruch, president at Blue Line Futures, talks about silver climbing higher along with the price of gold. He says if silver moves above $30 there will be massive technical buying, which could help drive the contract to $40 fairly quickly.
Gold To See Additional Gains on a Break Above Record High of $2,075: Credit SuisseApr 1, 2022 - 12:53:10 PDT
Gold has seen a decisive rejection of its $2,075 record high to leave the core trend sideways. The yellow metal would need to surpass this mark to enjoy further upside, strategists at Credit Suisse report.
Apr 1, 2022 - 12:23:55 PDT
Inflation is blistering the skin off everyone’s back, driving up bond yields (down prices), while the world is at war, resulting in sanctions that are driving prices up even more while suffocating economies all over the world, and all that is happening just as central banks are almost all backing out of their money-printing operations because the printing presses are all smoking under inflationary heat. This is one heck of a rodeo!
Apr 1, 2022 - 12:04:56 PDT
Attacks happen at the speed of light, write Keith B. Alexander and Tom Fanning. Companies need to be able to defend at the same speed.
Energy Insecurity is the major factor underlying market angst. I’ve been warning about it for years; initially because of mis-investment due to the ESG/climate change bandwagon, and then bad government policy ignoring security of supply. Look where we are now…
We are starting to see the makings of energy curtailments in Europe - an exceedingly unpopular step that governments would be unlikely to take if there were any other choice, highlighting the acute desperation that exists over oil and gas supplies.
As for our central banks' defaulting on their lines of credit with the Martian Central Bank--that's another alien intervention we'll live to regret.
Yield curve inversion conversations are dominating the media to the point it almost sounds like the start of a bad joke.