Gold has all the potential to go unprecedentedly high. But silver will be gold on
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I present below several ways in which the current conflict between Russia and Ukraine is the next catalyst for the World Economic Forum’s Great Reset agenda, facilitated by an interconnected web of global stakeholders and a diffuse network of public-private partnerships.
U.S. SHALE INDUSTRY DUC COUNT UPDATE: Eagle Ford Production Plateaus With 2000 More WellsMarch 15, 2022
The U.S. Shale Industry continues to deplete its DUCs - Drilled Uncompleted Wells inventory and will have difficulty increasing production if it can't drill enough wells when these inventories run out. Also, the DUCs that were drilled in 2019 and 2020 were less expensive than the wells drilled today...
“We envisage a total of six rate hikes of 25 basis points each by year’s end. The Fed Fund Futures are now even pricing in almost seven rate increases for this year. This should no longer weigh additionally on the gold price. This would change if the Fed were to incorporate a more pronounced rate hike at some point. It will be important therefore to see how inflation develops over the next few months.”
It is perhaps the most euphoric or catastrophic 2-word phrase an investor can hear. Commodity and stock futures have maximum allowable limits for price appreciation or deprecation. It is an attempt to avoid catastrophic blow ups to investors who are on the wrong side of the trade.
The Golden Era For Central Banking Is Ending And A Global "Great Famine" Is ComingMar 14, 2022 - 12:41:51 PDT
“Defending freedom is going to cost,” declared President Biden, announcing an import ban on Russian oil. And no doubt our Commander-in-Chief is right. Everything we do comes at a cost. The goal in peacetime, of course, is to engage in activities where the beneficial returns exceed the price of our inputs.
Putin could see that the US fiscal and monetary situation was becoming untenable & he decided to use this to create an existential threat to the US & the world financial system. He undoubtedly knows that the West has artificially suppressed the price of gold & that is why he has been building his gold reserves steadily for the past 20 years.
Russia is on the brink of defaulting on its debt, according to ratings agencies and international bodies, but economists do not yet see a global contagion effect.
Last week, we compared monetary vs fiscal stimulus. Understanding the differences in how each manifests in the economy is crucial to understanding so many other issues. The biggest one lately concerns rising prices and how the FOMC might act to reduce inflation. This complicated subject should no...
The Fed’s credibility shifted from Inflation Fighter under Volcker to Wealth Disparity Creator and Inflation Arsonist under Powell. And everyone knows it.
Massive Volatility in the Markets, Inflation out the Wazoo, Effects of Higher Interest RatesMar 14, 2022 - 12:03:19 PDT
And here I am, seeing 10% CPI inflation coming this year.
None of the BRIC counties Brazil, Russia, India, China and South Africa put sanctions on Russia even though most of the world shuns the country. Let's recap where we are.
The Fed faces the monumental challenge of starting to undo its massive economic help at a time when conditions are far from ideal.
UN Chief In 'Bone-Chilling' Statement: Nuclear War Back "Within Realm Of Possibility" Over UkraineMar 14, 2022 - 11:51:28 PDT
"United Nations Secretary-General Antonio Guterres on Monday sounded the alarm over Russia raising the alert level for its nuclear forces, describing it a 'bone-chilling development' and added that the prospect of nuclear conflict was back within realm of possibility," according to Reuters.
Federal Reserve Faces a Policy Dilemma of Its Own Design, El Erian: BloombergMar 14, 2022 - 11:23:05 PDT
The central bank dug itself into a hole, and the way out means risking either a recession or future price and financial instability.
Rising oil prices, thFor the Federal Reserve, the hits driving inflation keep piling up. The challenges boost the risk that rates go up to levels that ultimately tip the economy into recession.
NY Fed: Public’s Near-Term Inflation Expectations Again Hit Record In February: WSJMar 14, 2022 - 11:16:04 PDT
Bank said respondents to its monthly survey see inflation hitting 6% a year from now, up from 5.8% in January.
Surging inflation is disrupting everything from carpools to the ability to quote prices on new business at already-strained U.S. factories.
People say that spikes in crude oil prices, because they deflate consumer demand, precede economic recessions. There’s some truth in that but it’s not infallible. What is clear though, regardless of what drives what (you know our opinion), as the chart below shows, is that the two periods in history since World War 2 when crude oil has trended higher have been associated with a bear...
US Threatens "Consequences" For China If Military Aid Given To Russia For Ukraine WarMar 14, 2022 - 11:04:16 PDT
Update(1340ET): The Sunday "revelation" - or at least Biden admin 'official leaks' - claiming that Russia has formally requested military assistance from China amid the Ukraine invasion has been given more detail in a fresh FT report Monday. It was previously said based on unnamed US sources that Moscow had requested military equipment and arms, including drones - alongside economic assistance..
Over the next year consumers expect gasoline prices to rise 8.82%; food prices to rise 9.23%; medical costs to rise 9.59%; the price of a college education to rise 9%; rent prices to rise 10.05%. Expect all of these to surge in coming weeks.