Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The Biden administration just inserted itself with force into the middle of a hot war between two foreign powers. That means the United States is now an active participant in that war. (1/3)
The most stunning move by the US and its allies was cutting off the Russian central bank’s access to most of its $630 billion of foreign reserves. Without access, one wonders if these funds are really “its” reserves at all? What is ownership without access? No matter how justified that move might seem today...
Experts Are Battling Over Price Controls: A Radical, Long-Dead Inflation Fix: Business InsiderMar 8, 2022 - 05:37:35 PST
Putting a government-imposed cap on the cost of everyday goods would help consumers. But would it also implode the US economy?
As searing cross-asset turbulence threatens to end an epic bull run in equities, fast-money asset managers are reducing risk and getting out.
Russia "Weaponizes Energy", Warns It Could Cut Off European Gas Supplies Via Nord Stream 1Mar 8, 2022 - 05:25:29 PST
If such a drastic step were taken, natural gas princes in Europe would soar even higher - after already hitting a record high, up over 40% from Friday's close on Monday.
The Russian rouble stabilised on Tuesday in thin offshore trade after heavy losses over the war in Ukraine, which has made it the world's worst-performing emerging market currency this year. The local market was closed for a public holiday, with currency trading expected to resume on Wednesday.
Now inflation is Russia's fault. Or is it greedy businesses pushing up prices? Maybe a combination of the two.It seems that government officials and central bankers are looking everywhere for a place to pin the blame for inflation except the one place they need to look — in the mirror.
Russia's invasion of Ukraine has dashed any hope U.S. consumers might have had for relief from sky-rocketing inflation, with gasoline prices in the last week surging by the most in nearly 17 years and costs of other goods like food ready to march higher as well.
Mar 8, 2022 - 05:13:42 PST
Grain prices were already rising before Russia invaded Ukraine, and recent days have seen unprecedented further gains as two of the world’s biggest producer are at war.
Americans Are Paying the Most at the Pump on Record Amid a Surge in Energy PricesMar 8, 2022 - 05:07:59 PST
Gas prices are at a new record as Russia's war on Ukraine disrupts global energy markets.
The London Metal Exchange suspended trading in its nickel market after an unprecedented price spike left brokers struggling to pay margin calls against unprofitable short positions, in a massive squeeze that has embroiled the largest nickel producer as well as a major Chinese bank.
Russian Deputy Prime Minister Alexander Novak threatened to cut off gas supply to Europe if governments sanction energy imports, warning that it could lead to oil prices surging above $300 a barrel.
The Nasdaq entered an intraday bear market on February 24. It closed in one today. What's next?
While events are still changing very rapidly, there is a chance that the war in Ukraine will lead to some of the highest rates of inflation in the United States of our lifetimes.
Gas prices are set to hit record highs within days. Wheat hit a new high today. Huge food and stock market pain coming.
Today, as the Ukraine War continues to escalate, the United States and the U.K. banned Russian oil imports. President Biden went on to say that the U.S. Shale Industry should take advantage of Federal Drilling Leases to increase production to offset future declines of Russian oil. This would be nice if it were true...
"The bedrock beliefs that formed the foundation of international economics have broken down, and the consequences of this are very hard to predict…two, five, even ten-thousand dollars-an-ounce is a stupid, idiotic low price for gold….I am really surprised that it is only at two-thousand right now.”
The Russian attack on Ukraine has grabbed the headlines and pushed gold higher, but perhaps a longer-term catalyst for gold is rising interest rates. Yes, rising rates. That may sound counterintuitive since gold pays no interest, but to the surprise of many investors, a period of higher interest rates has historically been positive for gold.
The gold price traded quietly sideways for an hour once trading commenced at 6:00 p.m. EST on Thursday evening -- and at 8 a.m. China Standard Time on their Friday morning, it took off higher, only to run into the short sellers of last resort a bit under an hour later -- and an hour after that they'd sold it back below unchanged by a few dollars.
The precious metals market has come to the fore over the past month as military build-up by Russia on the Ukraine border turned into war. The asset class has long been seen as the go-to hedge against geopolitical turmoil and it's no different this time. While the market is of course dominated by …