Precious metals news

There is one more key aspect: Weaponizing the US dollar has totally backfired on the US. War views aside, we should all cheer that aspect. Yet, misguided souls want to escalate what is proven not to work.

Gold is set to have another strong month in April, which is not surprising given the lead-up. The chart below shows 12,491 contracts delivered on the first day. While this may look smaller than the previous bars, there are still 12,600+ contacts open. Furthermore, the number of contracts opened mid-month continues to surprise to the upside.

We’ve seen the headlines in recent days. “Worst Bond-Market Drawdown on Record.” Drawdown means drop in prices. “Global Bond Market loses $2.6 Trillion,” was another one. This was based on the Bloomberg Global Aggregate Bond Index, which tracks total returns of government and corporate bonds. And this index of global bonds has plunged 11% from the high in January 2021, the biggest percentage decline in the data that go back to 1990.

In this world of monetary insanity, defenders of central bank constant easing try every day to convince you that inflation is caused by numerous factors, not by currency printing.

nflation is running hot, and the Fed is projecting seven rate increases this year alone. As if that is not concerning enough for bond investors, the Fed hints at draining liquidity via balance sheet reduction, i.e., Quantitative Tightening (QT).

Bailouts are the root cause of the dysfunction of capitalism and the demise of free markets. Such has led to rising socialistic idealism.

Global price rises risk turning into 1970s-style inflation shock, which eventually led to recession and high unemployment, according to hedge fund giant Brevan Howard Asset Management.

Russia will likely redirect its oil flows to Asia as Europe seeks to minimize its intake of Russian fossil fuels, with the former becoming “the default market” for Russian crude, Daniel Yergin, vice chairman of S&P Global told CNBC.

The Indian government is reportedly considering Moscow’s proposal to turn to the Russian payment system, which allows direct rupee-ruble transfers in bilateral trade. The world’s sixth biggest economy also imports Russian oil, with the country’s major refiner, Indian Oil Corp, increasing purchases over the past month.

Contrary to expectations that Vladimir Putin was bluffing about collecting rubles in exchange for Russian energy exports, moments ago a decree signed by the Russian president confirmed that that was not the case.

Today, on account of Russia's war against Ukraine, a worldwide currency war is raging as well and it is largely a war over go

The Federal Reserve launched its fight against inflation earlier this month, but it wasn't exactly shock and awe. The Fed raised interest rates by just a quarter percent.  Peter Schiff called it the most anticipated and least significant rate hike ever. Meanwhile, the central bank continued to expand its balance sheet.
While the Fed's tiny monetary policy adjustments won't likely put a dent in inflation, they are already having an impact on the economy. Last week, mortgage rates charted their biggest weekly increase in 11 years.
How long will it take for rising rates to pop the housing bubble?

The unprecedented financial sanctions imposed on Russia after its invasion of Ukraine threaten to gradually dilute the dominance of the US dollar and result in a more fragmented international monetary system, a top official at the IMF has warned. Gita Gopinath, the IMF’s first deputy managing director, said the sweeping measures imposed by western countries following Russia’s...

During a recent podcast, Peter Schiff talked about how the Bank of Japan lied about inflation being too low in order to justify its reckless monetary policy and keep interest rates artificially low in order to prop up the country's massive debt. In a subsequent podcast, Peter talked about similar lies coming out of the European Central Bank.

The European Central Bank should raise its key interest rate to zero by year-end or it will risk having to raise it even more abruptly next year to bring down inflation, ECB policymaker Robert Holzmann said in an interview published on Tuesday.

The rebound in equities may not have much further to go, strategists at Goldman Sachs Group Inc. and UBS Global Wealth Management warned on Thursday, as markets in Europe and the U.S. are set to end their first month in the green for this year.

Nominal income and spending was expected to rise in February (with the former accelerating and the latter slowing from January), and they both did with Personal Incomes rising 0.5% Mom (as expected) and Spending rising 0.2% MoM (worse than expected)... Stagflation is priced in... get back to work Mr.Powell

Buyers’ potential to commerce US authorities debt has deteriorated to its lowest level because the ructions of March 2020, deepening worries in regards to the world’s most essential bond market because the Federal Reserve tightens financial coverage. Liquidity, or the convenience of shopping for and promoting, in US authorities securities has dropped because the starting...

U.S. inflation is likely to stay high even after the Fed completes all its projected rate hikes through the end of next year, a Credit Suisse note says.

Such a release would therefore not resolve the structural supply deficit, years in the making," said Goldman Sachs energy strategist Damien Courvalin. "On net, such adjustments would lower our 2H22 Brent forecast by $15/bbl to $120/bbl, still above market forwards.