Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.
On Wall Street it's often said the bond market is where the smart money resides. After decades of rising prices and declining yields, a secular reversal in bonds may now be in play. Yields have been steadily rising since the pandemic lows in 2020 and now the Federal Reserve and other world central banks are embarking on interest rate hikes.
Investors can prepare for the coming collapse of the dollar by increasing their allocations to physical gold. That’s the one form of money you cannot freeze or seize.
I am pleased to confess that Jeff Currie, Goldman’s Global Head of Commodities Research, has correctly addressed what he calls “the perfect storm for gold.” That is, a near-perfect convergence of three key gold demand forces (or “weather fronts”) are in now in motion.
“Investor concerns of continued high levels of inflation, even as the Fed begins tightening, will likely continue to support gold prices,” said Jeff Klearman, portfolio manager at GraniteShares...
Gold price has risen to the $1,940 area despite the US Federal Reserve rate hike. Six more hikes are expected this year. The course is thus set for the coming months, so why is XAU/USD climbing today nonetheless? A glance at previous rate hike cycles shows that gold tended to gain once the cycle began, economists at Commerzbank report.
Global gold jewellery demand rebounded in 2021 from its 2020 slump to reach an estimated 1,805 tonnes, a 40% increase year on year.
Jim Rickards on Russia's Gold Reserves. In this video, Jim Rickards discusses the build up of gold reserves in the Russian central bank and the reasoning behind such a setup.
It is worth mentioing that, China is the world’s largest producer of gold, with 368 tons annually, while Russia ranks second with a total of 331 tons, and thirdly is Australia, with an annual production of 327 tons.
Switzerland's secretive banks hold up to $213 billion of Russian wealth, the country's financial industry association estimates, as sanctions on Russia give a rare glimpse inside Swiss vaults. The Swiss Bankers Association (SBA) estimated that the banks hold between 150 billion and 200 billion Swiss francs...
Bank of Japan Governor Haruhiko Kuroda says monetary stimulus must continue as the country’s different inflation dynamics compared with the U.S. keep his price goal out of reach.
Just one day after the Federal Reserve kicked off its cycle of interest-rate increases, traders are speculating the central bank will start easing monetary policy again in less than three years.
American consumers already have high inflation. Because of the oil price shock and Russia’s war, the odds of a recession have increased, too.
Gazillion Miles Behind the Curve, the Fed Gets Hawkish: More Rate Hikes, “Faster and Much Sooner”Mar 17, 2022 - 11:20:24 PDT
The strong economy and labor market can “handle tighter monetary policy.”
Mar 17, 2022 - 11:13:19 PDT
The Chinese regime sided with Russia in another U.N. vote on March 16, when the two nations dissented against a decision by the International Court of Justice (ICJ) ordering Moscow to “immediately suspend” its military operations in Ukraine.
The announcement comes on the heels of warnings from Biden officials that Beijing will face consequences if it chooses to help Russia evade Western sanctions for its aggression against Ukraine.
Mar 17, 2022 - 11:07:58 PDT
President Emmanuel Macron said on Thursday (March 17) he would make France more self-sufficient, cut taxes, reform the labor market and get tougher on immigration if he wins a second term in next month’s election.
Mar 17, 2022 - 09:26:02 PDT
Yesterday, it was widely reported in the business press that Saudi Arabia is considering pricing its oil deals with China in China’s own currency, the Yuan, rather than in U.S. Dollars, which is the currency of choice for the bulk of the global oil trade. While it should be noted that this talk has been making headlines for the past four years without actually coming to fruition, the U.S. should stop taking the respected status of the Dollar for granted.
The Trump plan to bring troops home from Europe has undergone a "miraculous" turnaround, with the war in Ukraine being used as an excuse for a massive new influx of US soldiers to Germany and points eastward. Meanwhile, billions more are being spent to send weapons to Ukraine (where they are likely blown up, only to be replaced with more shipments). War is big business for the Beltway.
Russia warned the United States on Thursday that Moscow had the might to put the world's pre-eminent superpower in its place and accused the West of stoking a wild Russophobic plot to tear Russia apart.