Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Recession risk is rising rapidly. In fact, it is possible that we may already be in one.While such a claim may sound impossible, given that Q4-GDP was above 5% in terms of annualized growth, such would not be the first time such a turn occurred.
Moderna CEO Sold More Than $400 Million in Company Stock During PandemicMar 18, 2022 - 07:57:42 PDT
Moderna CEO Stephane Bancel has sold $408 million in company stock since the start of the coronavirus pandemic, during which the firm’s share price soared more than 600% while it developed and rolled out its vaccine.
Anthony Fauci said easing COVID restrictions, the waning protection from vaccines and the rise of the BA.2 subvariant around the world could bring on another wave of rising infections to the U.S.
Bullard Says Fed Moving Too Slowly To Quell High Inflation and Putting Economy at RiskMar 18, 2022 - 07:53:05 PDT
St Louise Federal Reserve President James Bullard doesn't think the U.S. central bank is attacking high inflation with enough urgency --- risking both its...
While many commentators scratched their heads at the Fed’s latest summary of economic projections (SEP), the market took its cue from Chairman Powell’s suggestion the US economy can withstand a barrage of rate increases this year without negatively impacting growth.
Recession risk is rising rapidly. In fact, it is possible that we may already be in one. While such a claim may sound impossible, given that Q4-GDP was above 5% in terms of annualized growth, such would not be the first time such a turn occurred.
The administration is working with Congress to fund $22.5 billion as resources and supplies get thinner. If funding is cut short, things like vaccines for the uninsured, at-home COVID tests and researching new variants will be hard to come by.
Over the past couple of weeks, I have focused on the activity at the Comex for the upcoming delivery months. While the data still supports a very bullish near-term posture as shown below, aggressive longs should consider when and how margin rates could be used to reign in prices.
Existing Home Sales Tumble On 'Double Whammy' Of Soaring Prices, Rising Mortgage RatesMar 18, 2022 - 07:27:03 PDT
Existing home sales plunged a bigger than expected 7.2% MoM in February - the biggest MoM drop in existing home sales since May 2020...
The Fed launched its much-anticipated war on inflation this week. It wasn't much of a first strike. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and what might come next. He also touches on the possibility of a "petroyuan."
Gold Slips on Stronger Dollar, Set for Biggest Weekly Fall Since NovemberMar 18, 2022 - 05:42:48 PDT
"Gold will remain well supported. We could increasingly see dips being bought into as the demand for safe havens and inflation hedges remains strong," Erlam said.
The IEA warned this week that oil markets could face the largest supply shock in decades as the market could lose around 3 million bpd of supply from Russia
Reduce Speed Limits and Car-Free Sundays: The IEA Has a 10-Point Plan To Cut Oil UseMar 18, 2022 - 05:33:59 PDT
Recommendations come at a time when oil markets are facing significant uncertainty following Russia's invasion of Ukraine.
Russia appears to have sidestepped a historic debt default as it claims to have fulfilled crucial interest payments on two dollar-denominated eurobonds.
The Russian rouble eased slightly in light trading in Moscow on Friday, heading towards a psychologically important threshold of 100 against the dollar ahead of the central bank's board meeting. The Bank of Russia is in focus as it will hold a regular rate-setting meeting after hiking the key interest rate sharply to...
The Russia-led Eurasia Economic Union and China just agreed to design the mechanism for an independent financial and monetary system that would bypass dollar transactions.
Saudi Arabia joins Russia as the latest oil-backed nation to eye defecting from the U.S. dollar in favor of China's Yuan.
ome US policymakers and pundits are declaring that Russia—and its population—are cut off from the rest of the world. For example, political scientist Nina Khrushcheva has declared "Russia is hated by the rest of the world" and that "Russia is the global enemy."
It took one of the biggest stock-market routs in Chinese history, but President Xi Jinping may finally be heeding the concerns of international investors.Most Read from BloombergPutin Likely to Make Nuclear Threats If War Drags, U.S....
Wall Street traders are bracing for fresh equity-market fireworks Friday after another week of global turbulence.