Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Markets were pleased with the Federal Reserve’s interest rate hike last week. The founder of investment house Pimco told the Financial Times this week he believes inflation is approaching troubling levels but the US central bank will not be able to implement higher policy rates to contain it. “I suspect you can’t get above 2.5 to 3 per cent before you crack the economy again,” [Gross] said.
Gold and silver have been on a wild ride for the past several weeks, the last technical analysis showed how gold had broken through the lengthy consolidation pattern between $1750-$1800, with the Ukraine crisis pushing the metal through $1900.
IMPORTANT UPDATE FOR ALL SRSROCCO MEMBERS: The World Is Heading Into Uncharted WatersMarch 20, 2022
The world is heading into Uncharted Waters if the Russian-Ukraine War escalates into WW3. Why? Because NATO & the West do not have the surplus energy produced mainly by the United States during WW2. Europe is highly reliant on Russian energy for its domestic economy...
Indicators Warning Recession Is On The Way - Will Fed Hikes Guarantee One?Mar 19, 2022 - 10:34:42 PDT
In this week's episode, Lance makes the case that the US is about to enter (or is already in) a recession, based on the forward-looking indicators he monitors.
Not that long ago, anyone who warned of the possibility of a massive loss of faith in our fiat currency system was considered ‘fringe’. Times have changed very quickly. Now we have mainstream media floating the idea of $10,000 gold and acknowledging the fact that our system stands on nothing but thin ice, hot air, and shaky ground.
James Gerrard uncovered about 30 pounds of litharge, a material associated with the extraction of silver from other metals, at a small, rural Roman site in southeastern England known as Grange Farm. The amount of litharge indicates that the Romans refined silver at the site on an industrial scale
Finally, the US Federal Reserve (Fed) did it: On 16 March 2022, it raised its interest rate by 0.25 percentage points, bringing the Federal Funds Rate to a range between 0.25 – 0.50 per cent. In addition, the Fed indicated that it would con- tinue to raise interest rates in the months to come. Does this mean that the Fed is really ending its ultra-loose, rather inflationary monetary policy? Unfortunately, quite some doubts remain.
Gold is benefitting from safe-haven demand, though easing tension saw prices back to $1,900. Economists at ANZ Bank expect the yellow metal to remain
The reason the event became prolonged like this was that central banks went to far greater extents than I ever imagined they would in their repetitive recovery efforts. Each time they tried to back out of the recovery they believed they had created, they quickly backed out of their backing out because of how rapidly their recovery failed when their support was withdrawn.
But There’s No Shortage of Used Vehicles.
Mar 18, 2022 - 12:24:05 PDT
There is little question that the Ukraine crisis is a portentous event for the global economy. The combination of rising prices and stifled growth is presenting central banks and governments with a dilemma about the possible emergence of stagflationary pressure.
In Part 2 of our interview with former bond portfolio manager Alfonso Peccatiello, he transparently shares how his portfolio is positioned right now, as the Federal Reserve embarks on its new Quantitative Tightening campaign, potentially hiking interest rates seven times in 2022.
With inflation now high and trending higher, with no end in sight, American workers, and their employers, need to bring COLAs back, arguably out of fairness to workers but really out of efficiency. All that is needed is to raise...
"Fed Chair Jerome Powell's November statement killed the idea that inflation would be transitory. The most recent projections from the FOMC show how deeply that idea has been buried."
While the White House call readout has been slow to emerge, below is an outline of the call, now concluded, complied by Bloomberg:
Mar 18, 2022 - 11:18:05 PDT
The Federal Reserve is not mentioned in the movies “The Big Short” or “Margin Call”, but The Fed’s policy errors played a big role in the demise of Fannie Mae’s and Freddie Mac’s equity prices.
Is the Fed trying to blow another, more covert asset bubble?
After fifty-one years from the end of the Bretton Woods Agreement, the system of fiat currencies appears to be moving towards a crisis point for the US dollar as the international currency. The battle over global energy, commodity, and grain supplies is the continuation of an intensifying financial war between the dollar and the renminbi and rouble.
Every artificial economic boom created by The Fed must have an economic bust. Manipulating interest rates lower creates distortions in the economy. A return to reality exposes those distortions and forces their liquidation. The Fed gives us a roller-coaster economy and destroys the value of the dollar. It's time to End The Fed.
Many Americans knew inflation was here. But now they say they can feel it—at the gas pump, the local coffee shop and the grocery store.