Precious metals news

Russia's central bank on Saturday said it has decided not to reopen stock market trading on the Moscow Exchange from March 14-18, with the exception of some non-open-market transactions an transactions using the SPFI payment system.

The “Evropeisky” mall in Moscow was once a symbol of a Russia integrated into the global consumer economy, with atriums named after cities like London, Paris and Rome. But now large parts of the seven-story shopping center have gone quiet after Western brands from Apple to Victoria’s Secret...

Russia has warned the West against sending further weapons to Ukraine, saying such arms convoys could now be considered "legitimate targets" for Russian forces.

Soaring commodity costs could backfire on the Australian and New Zealand economies if consumers stop spending because of high prices.

Global central banks this week will offer the biggest collective assessment of a changed world since Russia’s invasion of Ukraine sparked renewed supply disruptions and a sudden inflation shock for many economies.

The countries of central and eastern Europe have shown moral clarity in the face of crisis. A sense of solidarity between former Soviet-bloc states seeking to create new paths for themselves in Europe has driven much of this response. In return, the rest of Europe needs to come to the aid of these...

Russia has already lost access to almost half of its reserves and sees more risks to President Vladimir Putin’s war chest due to increased pressure from the West on China, said Finance Minister Anton Siluanov.

Euro zone finance ministers are likely to endorse on Monday the European Commission's view that fiscal policy should move from supportive to neutral in 2023, but that they must be ready with more cash should the war in Ukraine make it necessary. Finance ministers from the 19 countries sharing the euro meet on Monday to discuss their fiscal stance next year as Russia's invasion of Ukraine increased uncertainty and risks to EU economic growth that is rebounding after the pandemic. "It's going to be more difficult than we thought still a few weeks ago," a senior euro zone official involved in the preparation of the talks said.

The global oil market was tight even before the Russian invasion of Ukraine, but Putin’s war and its consequences on Russian crude supply and energy prices have the potential to hurl the market into a major supply shock comparable with the 1973 Arab oil embargo.

Chinese stocks listed in Hong Kong had their worst day since the global financial crisis, as concerns over Beijing’s close relationship with Russia and renewed regulatory risks sparked panic selling.

Surging inflation is disrupting everything from carpools to the ability to quote prices on new business at already-strained U.S. factories. At BCI Solutions Inc., a metal foundry in Bremen, Indiana, 14 workers quit in the last two weeks - over 7% of its total workforce and an unprecedented number compared with pre-pandemic times. Company chief executive officer J.B. Brown blames at least part of the sudden loss of workers on the spike in gasoline prices in the wake of Russia's invasion of Ukraine, which has roiled global energy markets and sent prices at the pump through the roof.

With the Federal Reserve almost certain to hike interest rates this week for the first time in more than three years, investors will be focused on how it plans to curb a surge in inflation inflamed by the Ukraine crisis without triggering a recession. The U.S. central bank is expected at the very least to raise borrowing costs at each of its next three policy meetings as it scrambles to address the fastest inflation in 40 years. But having waited until it was sure the economy and labor market had recovered from the COVID-19 pandemic, the Fed also risks tightening monetary policy just as growth is slowing.

Last week, we got another big jump in consumer prices with the February CPI data. Peter Schiff appeared on Fox News with Tucker Carlson to talk about the rampant inflation. He said it's only going to get worse. Inflation only has one way to go.
Up.

The world is sleepwalking over the Energy Cliff and has no idea that it will turn most Assets into Liabilities.  Thus, 99% of investors will be unprepared for the future because they have invested LOCK-STOCK & BARREL in Stocks, Bonds, and Real Estate that are Energy IOUs, rather than real Stores of Value...

We are now seeing more parts of the Global Economy shutting down due to the worsening European Energy Crisis.  While the West believes it can "Reduce" its dependence on Russian oil and gas, the evidence suggests that would be suicide.  Also, the U.S. economy is also being impacted by rising energy prices...

In this week's episode, Lance explains the 3 phases of a bear market and why it's likely we're in Phase 1 right now. A near-term bounce from here is likely (Phase 2), but then may roll over into a deeper, steeper down cycle (Phase 3).

We’ve been told ‘Russia is to blame!’ for the recent price surges in pretty much everything…but is that the truth? What is really going on here? And what can you do to protect yourself and your family from inflation? Join Mike Maloney in today’s video update.

A strong case can be made that a severe and sustained shortage of silver could impede and perhaps even cause an implosion of humankind's technological-quality of life.

The central banks are increasingly concerned about inflation, and the major ones start giving out signals that they won’t let inflation run too hot, even if it means a slower growth. Christine Lagarde announced on Thursday that the ECB is ready to take ‘whatever action is needed to pursue price stability and...

Gold surged past US$2,000/oz earlier this week, nearly reaching the previous 2020 record. This time, though, it was driven by continued concerns about the war in Ukraine, swelling commodity prices, and, more generally, the potential implications for the global economy.